Ubs Group Ag · SIX:UBSG
Ubs — Shareholder Meeting (April 2026)
30 slides from Ubs's shareholder meeting presentation, April 2026
Slide 1: UBS 2026 Annual General Meeting
UBS 2026 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 2025, including the UBS Group AG Compensation Report 2025 and the UBS Group AG Sustainability Report 2025 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 15 April 2026, we are looking forward to interactive discussions and feedback from investors on a range of proposed topics, including: 1. 2025 performance 2. Integration of Credit Suisse 3. Our strategy 4. Strong capital position 5. Capital retu
Slide 4: FY25 net profit of 7.8bn, up 53% YoY with strong momentum in core businesses
1 2025 performance FY25 net profit of 7.8bn, up 53% YoY with strong momentum in core businesses Underlying, bn Revenues Operating expenses Profit before tax Underlying FY25 (7%) excl. litigation, variable and FA compensation, and FX PBT 11.7bn +4% 47.8 (2%) 45.8 Core: +8% 36.4 35.6 RoCET1 13.7%1 Cor
Slide 5: Executing final stages of integration to capture synergies
Integration of 2 Credit Suisse Executing final stages of integration to capture synergies Illustrative key milestone timeline (examples) 1H26 2H26 Client account Finalize remaining Swiss-booked migrations client migrations 85% 100% migrated Application decommissioning 73% 100% % decommissioned NCL a
Slide 6: Committed to our global, diversified model weighted towards asset gathering
3 Our strategy Committed to our global, diversified model weighted towards asset gathering Outstanding client Business mix, Regional mix, franchises with Revenues1 Revenues2 differentiated capabilities APAC IB Disciplined risk and cost 16% Americas management 24% 36% ~60% EMEA 17% 48bn Balance sheet
Slide 7: GWM – Unrivaled diversification and scale with interconnected global franchises
3 Our strategy GWM – Unrivaled diversification and scale with interconnected global franchises GWM FY25 underlying PBT APAC EMEA Switzerland Americas 6.3bn, +30% YoY #1 #1 #1 #1 in LatAm, GWM FY25 underlying RoAE leading in US 18.5%, +4ppts YoY FY25 underlying 1.5bn 1.5bn 1.5bn 1.6bn PBT +30% YoY +1
Slide 8: GWM Americas – Enhance the platform to drive higher sustainable profitability
3 Our strategy GWM Americas – Enhance the platform to drive higher sustainable profitability Key levers PBT margin Build on leading position with UHNW and Prior guidance1 Family Offices Actuals / updated guidance ~18% ~16% Streamline and strategically align client coverage to ~15% drive growth 12.7%
Slide 9: Ambition to restore and surpass pre-acquisition levels of profitability
3 Our strategy Ambition to restore and surpass pre-acquisition levels of profitability Underlying return on CET1 capital Ambition Reported, based on current capital framework 11.5% excl. litigation and ~14% CET1 ratio and applying a 17% normalized tax rate3 ~18% ~15% 14% ~13% 9% 3% FY22, 2H23 FY24 F
Slide 10: Maintaining our strong capital position
Strong capital 4 position Maintaining our strong capital position UBS Group AG consolidated 187.3bn 38.0% Gone concern: 96.1bn Gone concern: 19.5% ~14% Group CET1 capital ratio guidance enabling capacity to self-fund growth and deliver attractive capital returns Maintained strong capital position at
Slide 11: Switzerland a clear international outlier on the trajectory of bank regulation
Alvarez & Marsal highlight Switzerland as a clear international outlier 4 Strong capital position on the trajectory of bank regulation Alvarez and Marsal’s published impact on CET1 requirement from regulatory initiatives Developments across jurisdictions2 worked on by global bank regulators as of Oc
Slide 12: Proposed capital measures would create by far the strictest regime among peers
Strong capital 4 position Proposed capital measures would create by far the strictest regime among peers Foreign participations Highest requirements RWA calculation / implementation of Deferred tax assets Basel III final due to temporary differences International minimum standards Leverage ratio req
Slide 13: UBS already has the highest de-facto capital requirements
Despite its low-risk business model, UBS already has the highest de-facto 4 Strong capital position capital requirements; proposed measures would make it a pronounced outlier UBS minimum CET1 ratio requirements1 Peers minimum CET1 ratio requirements4 4Q25 ~20% ~18.5% CAO proposals at Group ~15.5% ~4
Slide 14: Capital generative business model supports our capital return policy
Capital returns to 5 shareholders Capital generative business model supports our capital return policy Capital returns1 Dividends bn 7.3 − USD 1.10 ordinary dividend per share, +22% YoY, to be proposed for FY25 6.4 − Accruing for mid-teens percent increase in dividend per share in 2026 3.0 − Committ
Slide 15: Returns to shareholders and performance award pool
Capital returns to 5 shareholders Returns to shareholders and performance award pool Shareholder returns (dividends and buybacks) Performance award pool USDbn 7.3 6.4 5.1 4.3 4.5 4.7 3.9 3.4 3.5 3.3 3.7 3.2 3.1 3.3 3.3 2.4 2.7 1.7 2017 2018 2019 2020 2021 2022 2023 2024 2025 14
Slide 16: Say-on-pay: compensation-related agenda items – GEB and BoD compensation
Compensation-related 6 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 2025 compensation for 2027 from the 2026 AGM to the 2027 AGM CHFm CHFm CHFm +4% (6
Slide 17: Say-on-non-financial-reporting: Advisory vote on the UBS Sustainability Report
Advisory vote on the 7 Sustainability Report Say-on-non-financial-reporting: Advisory vote on the UBS Sustainability Report Our sustainability & impact approach 2025 key achievements ✓ On track to substantially complete the sustainability integration of Credit Decarbonization Suisse by YE26 Protect
Slide 18: Elections to the Board of Directors
Other AGM items incl. 8 elections and re-elections to the Board of Directors Elections to the Board of Directors Markus Ronner Agustín Carstens Luca Maestri The Board of Directors proposes The Board of Directors proposes The Board of Directors proposes that Markus Ronner be elected as a that Agustín
Slide 19: Re-elections to the Board of Directors
Other AGM items incl. 8 elections and 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, Jeremy Anderson, P
Slide 20: Other AGM items
Other AGM items incl. 8 elections and re-elections to the Board of Directors Other AGM items Discharge of the members of the Board of Directors and the Group Executive Board for the 2025 financial year – The Board of Directors proposes that discharge be granted to the members of the Board of Directo
Slide 21: Appendix: Supporting materials
17 Appendix Supporting materials Appendix Supporting materials 20
Slide 22: Group CEO’s 2025 performance assessment
Group CEO’s 2025 performance assessment Financial performance Non-financial performance and Behaviors Weight Performance 2025 targets 2025 results Achievement1 Assessment 2025 commentary Weight Performance Achievement Assess- 2025 performance outcomes and key measures measures measures ment 20% Repo
Slide 23: Pay for performance
Pay for performance Profit before tax Return on CET1 capital Cost / income ratio USDbn 33% +5.0ppts (5.1ppts) 11.7 13.7% 79.5% 81.1% 74.4% 8.8 8.9 10.8% 8.7% 2024 2025 2025 reported 2024 2025 2025 reported 2024 2025 2025 reported underlying1 underlying1 underlying1 underlying1 underlying1 underlying
Slide 24: GEB compensation framework
GEB compensation framework 2025 variable compensation framework for GEB members (illustrative example): Other GEB CEO Key features members Deferred − Notional additional tier 1 (AT1) instruments contingent − Award vests in year 5 after grant year, subject to a write-down if a viability DCCP up to ev
Slide 25: Performance achievement of the 2022 LTIP awarded in 2023
Performance achievement of the 2022 LTIP awarded in 2023 – The LTIP is an important element that supports alignment of compensation with the execution of our strategy, financial performance and long-term growth – Given the acquisition and integration of Credit Suisse significantly impacted the finan
Slide 26: RoCET1 performance range increased for 2025 LTIP
RoCET1 performance range increased for 2025 LTIP Performance metric, reported return on CET1 capital (RoCET1) remains unchanged, however 2025 RoCET1 (weight: 50%) LTIP performance range increased to 8%-16% from previous 7.5%-14%. This adjustment reflects 100% the progress on the integration and to a
Slide 27: Our lending sector decarbonization targets
Our lending sector decarbonization targets Overview of lending sector decarbonization targets and progress Progress against targets Swiss residential real estate1 Swiss commercial real estate1 Fossil fuels3 Swiss residential real estate (intensity): (15%) vs. kg CO2e/m2 ERA2 kg CO2e/m2 ERA2 million
Slide 28: UBS Annual General Meeting 2026
UBS Annual General Meeting 2026 Date, time and location – Wednesday, 15 April 2026, 10:30 a.m. CEST – St. Jakobshalle, St. Jakobs-Strasse 390, 4052 Basel Live webcast – The AGM will be held in the main languages English and German. Simultaneous interpretations into German, English and French will be
Slide 29: Footnotes to slides 16 and 26
Footnotes to slides 16 and 26 Slide 16: Say-on-non-financial-reporting: Advisory vote on the UBS Sustainability Report Slide 26: Our lending sector decarbonization targets 1. Our climate transition plan does not cover all our business activities. We may add ambitions for 1. For real estate, our targ
Slide 30: 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