UBS Emerging Markets Equity Opportunity Fund Class P2 · NASDAQ:EMPTX
UBS Emerging Markets Equity Opportunity Fund Class P2 — UBS Group — Shareholder Meeting (March 2023)
21 slides from UBS Emerging Markets Equity Opportunity Fund Class P2's shareholder meeting presentation, March 2023
Slide 1: UBS 2023 Annual General Meeting
UBS 2023 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 2022, including the UBS Group AG Compensation Report 2022 and the UBS Sustainability Report 2022 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 5 April 2023, we are looking forward to interactive discussions and feedback from investors on a range of proposed topics, including: 1. 2022 performance 2. Capital returns to shareholders 3. Compensation-related AGM agenda items 4. Other AGM it
Slide 4: Delivered on our RoCET1 and cost/income targets for the full year
1 2022 performance Delivered on our RoCET1 and cost/income targets for the full year RoCET1 Target: 15-18% Key figures Targets / 4Q22 FY22 guidance Group PBT 1,937m 9,604m 17.4% 17.5% 17.0% Net profit 1,653m 7,630m 12.4% Diluted EPS 0.50 2.25 RoCET1 14.7% 17.0% 15-18% Cost / income 75.8% 72.1% 70-73
Slide 5: Generated 7.5bn of CET1 capital in FY22
1 2022 performance Generated 7.5bn of CET1 capital in FY22 28bn in capital generated, 2019-20221 10% CAGR in TBVPS + cumulative cash FY22 dividend per share over the last four years 28bn 10% CAGR Cumulative 95% 2.3 total payout ratio3 cash dividends per share 9bn Cumulative share buybacks 1.7bn 7bn
Slide 6: Proposed dividend of USD 0.55 and share buyback proposals
Capital returns to 2 shareholders Proposed dividend of USD 0.55 and share buyback proposals Committed to progressive dividends; excess capital to be distributed via Ordinary dividend per share (USD) share buybacks, with >5bn in 2023 Special dividend per share (USD) Share buyback per share (USD)1 202
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; Shareholder returns1 excess capital to be distributed via Performance award pool share buybacks, with >5bn in 2023 USDbn 7.3 4.3 3.6 3.3 3.4 3.7 3.5 3.2 illustrative 2.9 3.2
Slide 8: Pay for performance
Compensation-related 3 AGM agenda items Pay for performance Group PBT Return on CET1 capital1 Cost / income ratio bn in % in % +1% (0.5ppts) (1.5ppts) 9.5 9.6 17.5 17.0 73.6 72.1 2021 2022 2021 2022 2021 2022 Group performance award pool GEB performance award pool Per capita GEB performance award po
Slide 9: Say-on-pay: compensation-related agenda items
Compensation-related 3 AGM agenda items Say-on-pay: compensation-related agenda items Binding vote on GEB variable compensation Binding vote on GEB fixed compensation Binding vote on BOD compensation CHFm USDm CHFm CHFm (5%) in CHF and (10%) in USD adjusted for the direct impact of the 2021 loss eve
Slide 10: Group CEOs performance assessment
Compensation-related 3 AGM agenda items Group CEOs performance assessment Refer to page 217 of the 2022 Annual Report for the full details of the Group CEOs performance assessment 2022 Weighted Weight Performance measures 2022 results Achievement2 2022 commentary targets assessment – PBT increased t
Slide 11: Performance achievement for the 2019 LTIP awarded in 2020
Compensation-related 3 AGM agenda items Performance achievement for the 2019 LTIP awarded in 2020 – The three-year performance period of the 2019 LTIP concluded at the end of 2022, achieving 98% of the maximum opportunity (of up to 100%) – We believe alignment of our senior leadership with our share
Slide 12: Re-elections to the Board of Directors
4 Other AGM items 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 all of the members of the Board of Directors, – Motion: The Board of Directors propo
Slide 13: Other AGM items
4 Other AGM items Other AGM items The Board of Directors proposes amendments to the Articles of Association. The amendments are largely driven by the revised Swiss Code of Obligations and include, but are not limited to: Amendments to the ⁻ The reduction of the share capital threshold to convene Ext
Slide 14: Say-on-non-financial-reporting: Advisory vote on the UBS Sustainability Report
Corporate responsibility 5 and sustainability Say-on-non-financial-reporting: Advisory vote on the UBS Sustainability Report Selected 2022 achievements Addressing the emissions of our business activities Progress against 2030 decarbonization targets to date (2021 vs. 2020 levels)1 Planet 13% reducti
Slide 15: Appendix: Supporting materials
17 Appendix Supporting materials Appendix Supporting materials 14
Slide 16: Capital and leverage ratios
Capital and leverage ratios Total loss-absorbing capacity (TLAC) 105bn 33.0% 10.24% 15bn buffer 25bn buffer Gone concern TLAC: 8.75% 47bn 14.7% 4.57% loss-absorbing TLAC: 25.0% capacity Going concern 58bn 18.2% 5.67% 7bn capital 13bn AT1 4.0% 12bn 1.25% CET1 45bn 14.2% 4.42% Going concern: 5.00% cap
Slide 17: Compensation framework for GEB members
Compensation framework for GEB members No changes to the GEB compensation framework in 2022 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 capita
Slide 18: LTIP now applied to GEB members only; performance metrics unchanged
LTIP now applied to GEB members only; performance metrics unchanged Absolute performance metric: return on CET1 capital (RoCET1); reflects our strategic return ambitions and considers our financial targets, as well RoCET1 (weight: 50%) as our cost of capital as outlined below Portion vesting – RoCET
Slide 19: Motion to discharge BoD and GEB for financial year 2022
Motion to discharge BoD and GEB for financial year 2022 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 2022 be granted, excluding all issues related to the French cross-border matter Explanation –
Slide 20: UBS Annual General Meeting 2023
UBS Annual General Meeting 2023 Date, time and location – Wednesday, 5 April 2023 at 10:00am CET – St. Jakobshalle, Basel Live webcast – The AGM will be held in English and German. Simultaneous interpretations into German, English and French will be available at the meeting. The AGM will be broadcas
Slide 21: 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