Ubs Group Ag · SIX:UBSG
Ubs — Merger or Acquisition (March 2023)
12 slides from Ubs's merger presentation, Mar 19, 2023
Slide 1: UBS acquisition of Credit Suisse
Confidential UBS acquisition of Credit Suisse 19 March 2023
Slide 2: Important information
Important information Forward Looking Statements: This presentation contains statements that constitute “forward-looking statements,” including but not limited to management’s outlook for UBS’s financial performance, statements relating to the anticipated effect of transactions and strategic initiat
Slide 3: Executive summary
Executive summary Attractive financial terms which include downside protections and very significant liquidity support provided by the SNB UBS strategy unchanged, including growth plans in the US and APAC Adding scale to our leading Global Wealth and Asset Management franchise with USD ~5trn investe
Slide 4: Transaction structure: key terms
Transaction structure: key terms Transaction − All-share merger structure − The Swiss government has exercised its emergency powers to facilitate a swift consummation of this merger without the Consideration − CHF 3bn, equal to CHF 0.76 per Credit Suisse share necessity of shareholder approval − Exc
Slide 5: Downside protections for UBS shareholders
Downside protections for UBS shareholders Loss protection − CHF ~25bn of downside protection to support marks, purchase price adjustments and restructuring costs − CHF 15.8bn of Credit Suisse AT1 instruments written-off by FINMA − For non-core assets CHF 9bn protection from the Swiss authorities in
Slide 6: Financial overview of the combined entity
Financial overview of the combined entity TBVPS − 74% increase at Day-1 Target EPS − EPS accretive by 2027 Costs − Run-rate annual cost reduction of >8bn, by 2027 RoCET1 − RoCET1 impacted by integration and restructuring in the near- and medium-term Day-1 CET1 ratio − Significantly above our ~13% ta
Slide 7: Adding scale to our leading Global Wealth and Asset Management franchise
Adding scale to our leading Global Wealth and Asset Management franchise Scaling up our leading Creating the Focused Investment Significant synergy global Wealth and undisputed leader Bank, enhancing global potential driving Asset Management in Switzerland competitive position sustainable value fran
Slide 8: Scaling up our leading Global Wealth and Asset Management franchise in highly attractive growth areas
Scaling up our leading Global Wealth and Asset Management franchise in highly attractive growth areas ~5trn2 Further enhancing our competitive position3 Adding scale and accelerating our strategic plans in high-growth areas invested assets, GWM +AM (USD) Invested assets, USDtrn GWM peers 4.2 3.4 3.2
Slide 9: Creating the undisputed leader in Switzerland
Creating the undisputed leader in Switzerland A highly attractive Becoming #1 Personal & Corporate banking Combination creates domestic market1 franchise in our domestic market a powerhouse Customer deposits (CHF bn)2 >2% 333 long-term GDP growth ✓ Leading position in an attractive 208 167 domestic
Slide 10: Focused Investment Bank, enhancing global competitive position
Focused Investment Bank, enhancing global competitive position Remaining committed to our Acceleration of strategic goals Investment Bank model in Global Banking and Research ✓ Focused business model ✓ Expanded US footprint ✓ High connectivity with UHNW and ✓ Enhanced Advisory capabilities GFIW clie
Slide 11: Closing remarks – An attractive strategic and financial opportunity
Closing remarks – An attractive strategic and financial opportunity Attractive − Run-rate annual cost reduction of >8bn, by 2027 financial terms with − EPS accretive by 2027 additional downside − 74% TBVPS increase on day-1 protections − CET1 capital ratio significantly above ~13% target Compelling
Slide 12: Cautionary statement regarding forward-looking statements
Cautionary statement regarding forward-looking statements This presentation contains statements that constitute “forward-looking statements,” including but not limited to management’s outlook for UBS’s financial performance, statements relating to the anticipated effect of transactions and strategic