UBS Results Presentation Deck
Executing on plans to achieve greater than 10bn gross cost reductions
by year-end 2026
Non-core and Legacy and Credit Suisse Investment Bank restructuring
Costs to decline substantially as businesses,
assets and positions are exited
Synergies across core businesses
Organizational
right-sizing
Reduce duplication
Real estate
rationalization
Large majority of Credit Suisse IB costs and all
costs within existing Credit Suisse CRU to be
run down
One
platform
Legal entity
consolidation
Application
decommissioning
>10bn
gross cost reductions
by end-2026 vs. FY22¹
<70%
underlying2 cost/income ratio
2026 exit rate
Cumulative integration-related
expenses expected to be broadly
offset by pull to par effects
UBS 1 FY22 baseline is pro forma combined, Credit Suisse based on adjusted view with further adjustment to reclassify CHF 1.0bn of commission costs from expenses to contra-revenue to align further with IFRS
accounting treatment. UBS figures adjusted to exclude restructuring and litigation expenses; 2 Excluding items not representative of underlying performance such as integration-related expenses and pull to
par effects
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