Ubs Group Ag · SIX:UBSG

Ubs — Q3 2005 Earnings Presentation

32 slides from Ubs's earnings presentation, Nov 1, 2005

  1. Slide 1: Third Quarter Results 2005

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Third Quarter Results 2005 Zurich, 1st November 2005 C. Standish (CFO), M. Branson (CCoO) 0

  2. Slide 2: Caution regarding forward looking statements

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Caution regarding forward looking statements This communication contains statements that constitute “forward-looking state

  3. Slide 3: Group results

    SECTION 1 Group results 36 UBS

  4. Slide 4: Highlights

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Highlights CHF 2.6bn attributable profit1 29.0% ROE2 68.5% cost / income ratio (down 4.2pp YoY)1 CHF 51.2bn net new money2

  5. Slide 5: An unusually favorable summer

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt An unusually favorable summer Equity market performance in third quarter Global investment banking fee pool1 % USD bn 10 7

  6. Slide 6: Net profit, quarterly

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Net profit, quarterly1 CHF m Year-on-year 50% growth 3,000 2,642 2,500 2,428 2,427 2,123 2,111 2,037 2,056 2,000 1,859 1,7

  7. Slide 7: Year-on-year total operating income development

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Year-on-year total operating income development1 CHF m 11,000 60 25 241 10,500 423 795 10,000 9,500 180 167 -34 9,000 444

  8. Slide 8: Shareholder returns

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Shareholder returns ROE1 Basic EPS2 Year-on-year 55% growth % CHF 40 3 2.75 35 2.5 30 29 2 25 20 1.5 15 1 10 0.5 5 0 0 3Q0

  9. Slide 9: Continued cost control

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Continued cost control Cost / income1 % % 90 100 95 85 3Q05 90 80 3Q04 85 75 80 70 68.5 75 72.7 70 68.5 65 65 60 60 55 55

  10. Slide 10: Net new money

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Net new money NNM UBS1 NNM wealth management businesses1 LTM2 CHF 133bn LTM2 CHF 88bn CHF bn CHF bn 55 51.2 35 50 31.1 45

  11. Slide 11: Invested assets

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Invested assets Quarterly trend CHF bn 2,700 81 15 2,600 51 1 2,500 2,666 2,400 Quarter-on-quarter 6% growth 2,518 2,300 2

  12. Slide 12: Net new money and invested asset growth

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Net new money and invested asset growth LTM NNM generation1 CHF bn 133 140 120 100 80 60 36 40 27 22 22 20 20 3 3 0 0 UBS

  13. Slide 13: Trading versus non-trading income

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Trading versus non-trading income1 Trading income2 Non-trading income3 Year-on-year 20% growth CHF m CHF m 8,000 8,000 7,4

  14. Slide 14: Trends in fee income

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Trends in fee income Investment fund fees Portfolio and other management and advisory fees CHF m CHF m 1,500 1,414 1,409 1

  15. Slide 15: Cost trends

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Cost trends1 CHF m Year-on-year 20% growth 8,000 7,309 7,000 1,989 6,000 5,000 4,000 5,320 3,000 2,000 1,000 0 1Q03 2Q03 3

  16. Slide 16: Actual credit loss expense

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Actual credit loss expense1 Global WM & BB Investment Bank CHF m CHF m 120 120 100 100 Recovery Recovery 80 80 60 60 40 40

  17. Slide 17: Risk-weighted assets

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Risk-weighted assets CHF bn % 320 317 14.0 310 13.5 300 13.0 290 12.5 280 270 12.0 260 11.5 250 11.3 11.0 240 10.5 230 10.

  18. Slide 18: Investments in China

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Investments in China Bank of China ~ CHF 645m investment (27-Sep) Strategic co-operation covering the development of inves

  19. Slide 19: Divestments in Switzerland

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Divestments in Switzerland Private Banks & GAM ~CHF 5.6bn disposal (05-Sep) Sale of 3 Private Banks and GAM to Julius Baer

  20. Slide 20: Business unit results

    SECTION 2 Business unit results

  21. Slide 21: Record profitability & invested asset growth

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Record profitability1 & invested asset growth Year-on-year 35% growth1 CHF m CHF bn 1,200 1,166 1,000 1,100 950 1,000 944

  22. Slide 22: Continued strong, stable gross margin

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Continued strong, stable gross margin bps 120 103 100 29 80 60 40 74 20 0 2Q03 3Q03 4Q03 1Q04 2Q04 1Q05 3Q05 Avg02 1Q03 3Q

  23. Slide 23: Net new money

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Net new money Net new money CHF bn YTD CHF 55bn 25 21.2 20 15 10 5 0 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 Avg

  24. Slide 24: Progress in European domestic business

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Progress in European domestic business Profitability NNM, invested assets CHF m CHF bn CHF bn 250 209 8 109 120 200 7 100

  25. Slide 25: Wealth Management APAC

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Wealth Management APAC Invested assets Client advisors CHF bn FTE Year-on-year 37% growth Year-on-year 36% growth 120 600

  26. Slide 26: Wealth Management USA key figures

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Wealth Management USA key figures Profitability1 Net new money CHF m % CHF bn 9.9 350 95.8 100 10 300 95 8 250 90 200 6 85

  27. Slide 27: Business Banking profitability

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Business Banking profitability1 CHF m Year-on-year 9% growth 600 553 500 400 300 200 100 0 Avg01 Avg02 1Q03 2Q03 3Q03 4Q03

  28. Slide 28: Record Global Asset Management profitability

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Record Global Asset Management profitability1 CHF m CHF bn 350 Year-on-year 125% growth1 800 308 300 700 712 600 250 500 2

  29. Slide 29: Net new money source

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Net new money source Institutional Wholesale Intermediary CHF bn CHF bn 7 7 6.8 6 Total NNM: CHF 9.2bn 6 Total NNM: CHF 10

  30. Slide 30: Investment Bank income

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Investment Bank income Investment Bank Equities CHF m CHF m 6,000 2,500 4,680 1,980 5,000 2,000 4,000 1,500 3,000 1,000 2,

  31. Slide 31: Fixed income, rates and currencies

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Fixed income, rates and currencies FIRC revenue 9M05 FIRC revenue 9M05 year-on- year Municipal Securities Total FIRC reven

  32. Slide 32: Third Quarter Results 2005

    [t228372] [printed: October 31, 2005] [saved: October 31, 2005] Q:\GROUP-COMMS\Investor Relations\4 Corporate Reporting\2005\3q05\Presentation\Final\3Q05_Final_without notes.ppt Third Quarter Results 2005 Zurich, 1st November 2005 C. Standish (CFO), M. Branson (CCoO) 31

UBS — Q3 2005 Earnings Presentation on 6ix