Ubs Group Ag · SIX:UBSG
Ubs — Shareholder Meeting (March 2022)
23 slides from Ubs's shareholder meeting presentation, March 2022
Slide 1: UBS 2022 Annual General Meeting
UBS 2022 Annual General Meeting Investor Presentation Axel A. Weber Chairman of the Board of Directors This document should be read in conjunction with the UBS Group AG Annual Report 2021, including the UBS Group AG Compensation Report 2021 and the UBS Sustainability Report 2021 ubs.com/agm ubs.com/
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: Topics for discussion
Topics for discussion Ahead of the UBS Group AG AGM on 6 April 2022, we are looking forward to interactive discussions and feedback from investors on a range of proposed topics, including: 1. 2021 performance 2. Capital returns to shareholders 3. Compensation-related AGM agenda items 4. Elections an
Slide 4: 2021 performance
1 2021 performance 2021 performance 19.2% Cost/income ratio 17.5% RoCET1 17.4% 15.5% Exceeding our financial targets1 14.1% 73.3% 73.6% RoTE 12.8% 71.5% 17.5% Target return on CET1 capital 12-15% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Excluding provisions in relation to the French cross-border matt
Slide 5: Generated 7.7bn of CET1 capital in FY21
1 2021 performance Generated 7.7bn of CET1 capital in FY21 FY21 44bn of CET1 capital generation since 20111 TBVPS + cumulative cash dividend per share since 2011 11.6 Cumulative litigation2 7% CAGR 5.4bn Cumulative increase in CET1 capital Cumulative capital 5.3 cash dividends 25.6 returns to per sh
Slide 6: Proposed dividend of USD 0.50 and share buyback proposals
Capital returns to 2 shareholders Proposed dividend of USD 0.50 and share buyback proposals Ordinary dividend per share (USD) Special dividend per share (USD) Committed to progressive dividends; excess capital to be distributed via share buybacks, with up to 5bn in 2022 Share buyback per share1 2021
Slide 7: Returns to shareholders and performance award pool
Compensation-related 3 AGM agenda items Returns to shareholders and performance award pool Committed to progressive dividends; excess capital to be distributed via share buybacks, with up to 5bn in 2022 Shareholder returns1 Performance award pool USD 2.0bn capital reserve for share buybacks; provisi
Slide 8: Pay for performance
Compensation-related 3 AGM agenda items Pay for performance Group PBT Return on CET1 capital2 Cost / income ratio bn in % in % +25% excluding provision for +177bps excluding provision (172bps) excluding provision French cross-border matter for French cross-border matter for French cross-border matte
Slide 9: Say on Pay: compensation-related agenda items
Compensation-related 3 AGM agenda items Say on Pay: compensation-related agenda items Item Proposal Rationale Binding vote on The Board of Directors proposes an aggregate The proposed amount reflects a reduction of 1% on a per capita basis and a reduction of 6% GEB variable amount of variable compen
Slide 10: Group CEO's performance assessment
Compensation-related 3 AGM agenda items Group CEOs performance assessment Performance assessment for Ralph Hamers: 2021 2021 Weighted Weight Performance measures Achievement2 2021 commentary targets results assessment Profit before tax increased 16% to USD 9.5 billion, reflecting strong business 20%
Slide 11: Elections to the Board of Directors
Elections and re- 4 elections to the Board of Directors Elections to the Board of Directors Colm Kelleher1 Lukas Gähwiler Motion Motion The Board of Directors proposes that Colm Kelleher be elected as The Board of Directors proposes that Lukas Gähwiler be elected as a member of the Board of Director
Slide 12: Re-elections to the Board of Directors
Elections and re- 4 elections to the Board of Directors Re-elections to the Board of Directors Re-elections of the members of the Board of Directors Re-elections of the members of the Compensation Committee › Motion: The Board of Directors proposes that Jeremy Anderson, Claudia Böckstiegel, › Motion
Slide 13: Say on Climate
Corporate 5 responsibility and sustainability Say on Climate Advisory vote on the UBS Group AG climate roadmap › The Board of Directors proposes that the UBS Group AG climate roadmap be ratified in an advisory vote Addressing the emissions of our business activities − Reduce absolute financed emissi
Slide 14: Update on recent geopolitical developments
Update on recent geopolitical developments I. Our direct country risk exposure to Russia was USD 634m as of 31 December 2021 and includes: › Trade finance exposures in P&C › A single loan in the IB with a non-Russian entity with key facilities spread globally including Russia and the Commonwealth of
Slide 15: Appendix: Supporting materials
Appendix Supporting materials 14
Slide 16: Capital and leverage ratios
Capital and leverage ratios Total loss-absorbing capacity (TLAC) 105bn 34.7% 9.80% 11bn buffer 29bn TLAC: 8.78% buffer 44bn Gone concern 14.6% 4.14% loss-absorbing capacity TLAC: 25.1% Going concern capital 60bn 20.0% 5.66% 7bn 15bn AT1 5.0% 17bn 1.42% Going concern: 5.00% CET1 capital 45bn 15.0% 4.
Slide 17: Compensation framework for GEB members is unchanged
Compensation framework for GEB members is unchanged Illustrative example: Payout of performance award¹ Key features − Notional additional tier 1 (AT1) capital instruments; 30% of the performance award is granted under DCCP Deferred − Award vests in year 5 after grant year, subject to write-down if a
Slide 18: LTIP performance metrics remain largely unchanged
LTIP performance metrics remain largely unchanged Absolute performance metric: return on CET1 capital (RoCET1); thresholds updated to reflect strategic return ambitions and revised targets RoCET1 (weight: 50%) › Maximum level is set at 18% which reflects the upper-end of our RoCET1 target range Port
Slide 19: Motion to discharge BoD and GEB for financial year 2021
Motion to discharge BoD and GEB for financial year 2021 Motion › The Board of Directors proposes that discharge of the members of the Board of Directors and the Group Executive Board for the financial year 2021 be granted, excluding all issues related to the French cross-border matter Explanation ›
Slide 20: Sustainability strategy
Sustainability strategy Our commitment Our ambition Our climate strategy We want to be the financial To be a leader in Protecting our own assets provider of choice for clients sustainable finance Limiting risk appetite for carbon-related assets and across all client segments who wish to mobilize cap
Slide 21: Sustainability is core to our purpose and ecosystem
Sustainability is core to our purpose and ecosystem Planet People Partnerships Net-Zero commitment 650m Setting standards (scope 1, 2, 3) by 2050 funds raised for UBS Oncology Impact Founding member of: including interim targets Fund 2, the world’s largest dedicated impact investment fund in biotech
Slide 22: UBS Annual General Meeting 2022
UBS Annual General Meeting 2022 At the end of January 2022, when all pandemic measures were still in force, the Board of Directors of UBS Group AG decided to again hold the AGM without the physical participation of shareholders, so as to protect the health of our shareholders and employees. As such,
Slide 23: 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