Ubs Group Ag · SIX:UBSG

Ubs — Q2 2005 Earnings Presentation

28 slides from Ubs's earnings presentation, Aug 9, 2005

  1. Slide 1: Second Quarter Results 2005

    Second Quarter Results 2005 Zurich, 9th August 2005 P. Wuffli (CEO), C. Standish (CFO), M. Branson (CCoO)

  2. Slide 2: Caution regarding forward looking statements

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Caution regarding forward looking statements This communication contains statements that const

  3. Slide 3: Group results

    SECTION 1 Group results 36 UBS

  4. Slide 4: Highlights

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Highlights Record Wealth Management results 28.2% ROE1 70.7% cost / income ratio2 CHF 19.2 bn

  5. Slide 5: Attributable profit

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Attributable profit1 CHF m 3,000 2,500 2,428 2,427 2,123 2,111 2,037 2,056 2,000 1,859 1,758 1

  6. Slide 6: A more challenging market environment

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt A more challenging market environment Market trading volumes 2Q05 vs 1Q05 US Investor Optimism

  7. Slide 7: Shareholder returns

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Shareholder returns ROE1 Basic EPS2 % CHF 40 3.0 35 2.5 30 28.2 2.10 2.0 25 20 1.5 15 1.0 10 0

  8. Slide 8: Continued cost control

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Continued cost control Cost / income1 % % 90 90 2Q05 2Q04 80 80 71.4 70.7 70.7 70 70 60 60 50

  9. Slide 9: Net new money

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Net new money NNM UBS1 NNM wealth management businesses1 CHF bn CHF bn CHF 99.2 bn in LTM2 CHF

  10. Slide 10: Invested assets

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Invested assets Quarterly trend CHF bn 2,600 95 2,500 52 30 13 2,400 2,300 2,550 2,200 2,360 2

  11. Slide 11: Revenue trends

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Revenue trends Trading income from financial Non-trading income from businesses1 financial bus

  12. Slide 12: Trends in fee income

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Trends in fee income Investment fund fees Portfolio and other management and advisory fees CHF

  13. Slide 13: Cost trends

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Cost trends1 CHF m 8,000 1% decrease year-on-year 7,000 6,583 6,000 5,000 4,000 3,000 2,000 1,

  14. Slide 14: Actual credit loss

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Actual credit loss1 WM&BB Investment Bank CHF m CHF m 150 150 Recovery Recovery 100 100 50 50

  15. Slide 15: Risk weighted assets

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Risk weighted assets CHF bn % 310 14.0 301 300 13.5 290 13.0 280 12.5 12.2 270 12.0 260 11.5 2

  16. Slide 16: Business unit results

    SECTION 2 Business unit results

  17. Slide 17: New reporting structure in 3Q05

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt New reporting structure in 3Q05… Financial Businesses Industrial Holdings Global Wealth Global

  18. Slide 18: Record profitability

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Record profitability1 CHF m 1,000 963 900 800 700 600 500 400 300 200 100 0 Avg 01 Avg02 1Q03

  19. Slide 19: Continued strong, stable gross margin

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Continued strong, stable gross margin bps 120 101 100 31 27 28 33 25 26 26 27 29 30 26 26 80 6

  20. Slide 20: Net new money and invested assets

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Net new money and invested assets Net new money CHF bn NNM inflow of CHF 52 bn in LTM1 20 15 1

  21. Slide 21: Progress in European domestic business

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Progress in European domestic business NNM, Invested assets Revenues CHF bn CHF bn CHF mn 8 6.

  22. Slide 22: Business Banking profitability

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Business Banking profitability1 CHF m 600 564 500 400 300 200 100 0 Avg01 Avg02 1Q03 2Q03 3Q03

  23. Slide 23: Global Asset Management profitability

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Global Asset Management profitability1 CHF m 250 220 200 150 100 50 0 Avg01 Avg02 1Q03 2Q03 3Q

  24. Slide 24: Net new money

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Net new money Institutional Wholesale intermediary CHF bn bps CHF bn bps 15 40 15 40 35 35 10

  25. Slide 25: Investment Bank revenues

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Investment Bank revenues Investment Bank Equities CHF m CHF m 6,000 2,000 5,000 1,438 1,600 3,

  26. Slide 26: Fixed income, rates and currencies

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Fixed income, rates and currencies Quarterly revenue FIRC revenue 1H05 CHF m 3,000 18% PFCA &

  27. Slide 27: Wealth Management USA key figures

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Wealth Management USA key figures Profitability Net new money CHF m % CHF bn 400 95 10 90 8 30

  28. Slide 28: Second Quarter Results 2005

    [t125807] [printed: August 8, 2005] [saved: August 8, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\2q05\Presentation\Final\Second Quarter Results 2005_final_excluding speakernotes.ppt Second Quarter Results 2005 Zurich, 9th August 2005 P. Wuffli (CEO), C. Standish (CFO), M. Bra

UBS — Q2 2005 Earnings Presentation on 6ix