UBS Group AG · SIX:UBSG
UBS — Shareholder Meeting (April 2025)
24 slides from UBS's shareholder meeting presentation, April 2025
Slide 1: UBS 2025 Annual General Meeting
UBS 2025 Annual General Meeting Investor presentation Colm Kelleher Chairman of the Board of Directors This document should be read in conjunction with the UBS Group AG Annual Report 2024, including the UBS Group AG Compensation Report 2024 and the UBS Group AG Sustainability Report 2024 ubs.com/agm
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 10 April 2025, we are looking forward to interactive discussions and feedback from investors on a range of proposed topics, including: 1. 2024 performance 2. Our strategy and the integration of Credit Suisse 3. Strong capital position 4. Capital
Slide 4: Strong execution in 2024, delivering ahead of plan
1 2024 performance Strong execution in 2024, delivering ahead of plan Underlying RoCET1 Cumulative gross cost saves Non-core and Legacy RWA CET1 capital ratio 8.7% 7.5bn 63bn ~14% 14.3% ~5.9bn Mid-single digit 41bn FY24 FY24 actual YE24 YE24 actual YE24 based YE24 actual Guidance YE24 actual guidanc
Slide 5: Rebuilding profitability and positioning for sustainable growth post-integration
Our strategy and the 2 integration of Credit Suisse Rebuilding profitability and positioning for sustainable growth post-integration Group underlying return on CET1 capital Illustrative Underlying cost / income 72%1 91% 80% <70% ratio ~18% 17% ~15% ~13% ~10% 9% 3% FY22, 2H23 FY24 FY25e FY26e 2026e F
Slide 6: Strong capital position at group and parent bank level
3 Strong capital position Strong capital position at group and parent bank level UBS Group AG consolidated UBS AG (parent bank) standalone 185.4bn 37.2% 4Q24 Gone concern: 97.7bn Gone concern: 19.6% 13.5% UBS AG standalone CET1 capital ratio, fully applied Total loss-absorbing capacity: 25.5% Going
Slide 7: Timeline of the Swiss too-big-to-fail revisions following the Credit Suisse crisis
3 Strong capital position Timeline of the Swiss too-big-to-fail revisions following the Credit Suisse crisis Sep 2023 Apr 2024 May 2025 – Sep 2025 ~H1 2026 Report of the Swiss Swiss Federal Swiss Federal Council to Swiss Federal Council to Expert Group on Council report on consult on changes to cons
Slide 8: Proposed dividend of USD 0.90 for the financial year 2024
Capital returns to 4 shareholders Proposed dividend of USD 0.90 for the financial year 2024 Ambition for total capital returns and share buybacks to exceed 2022 levels in 2026 Ordinary dividend per share (USD) Share buyback per share (USD)1 2024 capital returns − 0.90 dividend per share proposed3 fo
Slide 9: Returns to shareholders and performance award pool
Capital returns to 4 shareholders Returns to shareholders and performance award pool Shareholder returns (dividends and buybacks) Performance award pool USDbn 7.3 4.3 4.5 4.7 3.8 3.4 3.5 3.3 3.7 3.2 3.1 3.3 3.3 2.4 2.7 1.7 illustrative 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 8
Slide 10: Say-on-pay: GEB and BoD compensation
Compensation-related 5 AGM agenda items Say-on-pay: compensation-related agenda items – GEB and BoD compensation Binding vote on GEB variable Binding vote on GEB fixed Binding vote on BoD compensation compensation for 2024 compensation for 2026 from the 2025 AGM to the 2026 AGM CHFm CHFm CHFm +1% (3
Slide 11: Advisory vote on the UBS Sustainability Report
Advisory vote on the 6 Sustainability Report Say-on-non-financial-reporting: Advisory vote on the UBS Sustainability Report 2024 key achievements Our sustainability & impact approach ESG ratings ✓ The integration of CS governance bodies and policies is near completion. Aiming to integrate remainder
Slide 12: Elections to the Board of Directors
Other AGM items incl. 7 re-elections to the Board of Directors Elections to the Board of Directors Renata Jungo Brüngger Lila Tretikov The Board of Directors proposes that Renata Jungo Brüngger be elected as a member of The Board of Directors proposes that Lila Tretikov be elected as a member of the
Slide 13: Re-elections to the Board of Directors
Other AGM items incl. 7 re-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 – The Board of Directors proposes that Colm Kelleher, Lukas Gähwiler, Jeremy Anderson,
Slide 14: Other AGM items
Other AGM items incl. 7 re-elections to the Board of Directors Other AGM items Discharge of the members of the Board of Ordinary reduction of share capital by way of Approval of a new 2025 share repurchase Directors and the Group Executive Board for cancellation of shares repurchased under the progr
Slide 15: Appendix: Supporting materials
17 Appendix Supporting materials Appendix Supporting materials 14
Slide 16: Group CEOs 2024 performance assessment
Group CEOs 2024 performance assessment Financial performance Non-financial performance and Behaviors Weight Performance 2024 targets 2024 results Achievement1 Assessment 2024 commentary Weight Performance Achievement Assessment 2024 commentary measures measures 20% Reported USD 3.9bn USD 6.8bn 100%
Slide 17: Pay for performance
Pay for performance Profit before tax Return on CET1 capital Cost / income ratio USDbn 123% +4.5ppts (7.7ppts) 8.8 8.7% 87.2% 84.8% 79.5% 6.8 6.7% 4.0 4.2% 2023 2024 2024 reported 2023 2024 2024 reported 2023 2024 2024 reported underlying1 underlying1 underlying1 underlying1 underlying1 underlying1
Slide 18: GEB compensation framework
GEB compensation framework Illustrative example: GEB1 Key features − Notional additional tier 1 (AT1) instruments Deferred − Award vests in year 5 after grant year, subject to a write-down if a viability event occurs or the CET1 capital contingent ratio falls below 10% (i.e. a trigger event) capital
Slide 19: Performance achievement for the 2021 LTIP awarded in 2022
Performance achievement for the 2021 LTIP awarded in 2022 – The achievement level of this 2021 LTIP award (granted in 2022) applies to 13 current GEB members and 99 other plan participants – The LTIP is an important element that supports the alignment of the long-term focus of a broad group of senio
Slide 20: RoCET1 performance range increased for 2024 LTIP
RoCET1 performance range increased for 2024 LTIP to reflect integration progress Absolute performance metric, reported return on CET1 capital (RoCET1) remains unchanged, but RoCET1 (weight: 50%) 2024 LTIP performance range increased to 7.5%-14% from the previous 5%-10%. This adjustment 50% reflects
Slide 21: Our lending sector decarbonization targets
Our lending sector decarbonization targets Overview of lending sector decarbonization targets and progress Swiss residential real estate1 Swiss commercial real estate1 Fossil fuels3 − Our approach to target-setting is based on kg CO2e/m2 ERA2 kg CO2e/m2 ERA2 million metric t CO2e industry guidance a
Slide 22: UBS Annual General Meeting 2025
UBS Annual General Meeting 2025 Date, time and location – Thursday, 10 April 2025 at 10:30am CEST – Messe Luzern, Horwerstrasse 87, 6005 Lucerne Live webcast – The AGM will be held in the main languages English and German. Simultaneous interpretations into German, English and French will be availabl
Slide 23: Footnotes on Our lending sector decarbonization targets
Footnotes on Our lending sector decarbonization targets 1. Residential real estate includes owner-occupied properties and properties rented out on a non-commercial scale. Commercial real estate includes rented-out properties in multi-family homes, any other income-producing real estate, and own-use
Slide 24: Cautionary statement regarding Forward looking statements
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 rela