UBS Results Presentation Deck slide image

UBS Results Presentation Deck

Investment Bank USD m, except where indicated Total revenues Global Banking Advisory Capital Markets Global Markets Execution Services Derivatives & Solutions Financing Credit loss expense / (release) Operating expenses Profit before tax Cost / income ratio 3Q23 underlying 1,900 447 191 256 1,452 379 605 468 4 2,012 (116) 106% 3Q23 reported 2,151 698 191 507 1,452 379 605 468 4 2,377 (230) 111% 3Q22 reported 2,032 329 136 193 1,702 376 866 460 4 1,581 447 78% 3Q23 underlying vs 3Q22 USD bn Total revenues Operating expenses Profit before tax 2.0 1.6 0.4 3Q22 (6%) +27% n/m 1.9 2.0 (0.1) 3Q23 Global Banking revenues +36% YoY Advisory +40% YoY mainly due to higher M&A revenues Capital Markets +33% YoY, on higher LCM revenues Global Markets revenues (15%) YOY Execution Services +1% YoY Derivatives & Solutions (30%) YoY mostly driven by FX, Rates and Equity Derivatives Financing +2% YOY, on higher client balances Of which: - Equities 1,080m, (3%) YoY FRC 373m, (37%) YoY RWA 23% of Group ex-NCL, includes 12bn retained from Credit Suisse IB¹ UBS 1 Retained RWA based on 2023 balances, quarter of acquisition. Relative to pro forma figures provided in the 2Q23 results presentation, retained positions in core Investment Bank reflect an incremental 2bn of RWA primarily related to corporate lending positions 20
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