Ubs Group Ag · SIX:UBSG
Ubs — Merger or Acquisition (May 2023)
11 slides from Ubs's merger presentation, May 17, 2023
Slide 1: UBS acquisition of Credit Suisse: Overview of pro forma financial information
UBS acquisition of Credit Suisse: Overview of pro forma financial information This presentation summarizes certain of the pro forma financial information included in the registration statement on Form F-4 filed by UBS Group AG in connection with the acquisition of Credit Suisse and should be read in
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: Basis for preparation of pro forma financial information
Basis for preparation of pro forma financial information The unaudited pro forma condensed combined financial information included in the registration statement (hereafter “pro forma financial information”) has been prepared in accordance with the requirements of Article 11 of SEC Regulation S-X Pro
Slide 4: Effects of the loss protection agreement not included in F-4
Effects of the loss protection agreement not included in F-4 The details will be set out in the Loss Protection Agreement between the Swiss Confederation and UBS and, as these details are not yet agreed, no effect has been On 19 March 2023 the Swiss Confederation authorized a loss protection agreeme
Slide 5: Preliminary combined pro forma shareholders' equity estimate as of 31.12.22
Preliminary combined pro forma shareholders’ equity estimate as of 31.12.22 Regulatory impacts related to the unaudited pro forma condensed combined financial information are subject to regulator review and approval Equity attributable to shareholders Refer to slide 5 Refer to slide 6 Refer to slide
Slide 6: US GAAP / IFRS conversion; Goodwill and intangibles
US GAAP / IFRS conversion; Goodwill and intangibles CET1 USD bn Adjustment Assets Liabilities Equity Comments impact Reversal of US GAAP derivative netting impacts 89.2 89.2 Trade date to settlement date accounting (10.5) (10.5) US GAAP / IFRS Derecognition of certain positions recognized under US G
Slide 7: Fair value adjustments on financial and non-financial assets and liabilities
Fair value adjustments on financial and non-financial assets and liabilities CET1 USD bn Adjustment Assets Liabilities Equity Comments impact Loans and advances to customers (5.9) Fair value adjustments Financial assets at fair value held for trading (3.0) on financial assets and Financial assets at
Slide 8: Litigation, regulatory and other similar matters; other
Litigation, regulatory and other similar matters; other CET1 USD bn Adjustment Assets Liabilities Equity Comments impact Litigation, regulatory IFRS 3 recognition of possible outflows 4.0 and similar matters Subtotal 4.0 (4.0) (4) Debt issued measured at amortized cost (0.2) o/w: Impact of UBS's own
Slide 9: Preliminary negative goodwill will support the combined group's capital position and underpin acquired RWAs
Preliminary negative goodwill will support the combined group’s capital position and underpin acquired RWAs Negative goodwill to be booked as a gain in the income statement upon closing; preliminary numbers subject to change USD bn 48.8 (3.5) − Consideration in shares based on UBS share price on 5 M
Slide 10: All balance sheet adjustments
All balance sheet adjustments USD bn Adjustment Assets Liabilities Equity CET1 impact Comments Write down of Credit Suisse AT1s (15.9) Credit Suisse events SPG sale to Apollo (4.2) (5.0) in 1Q23 Credit Suisse compensation cancellations (0.4) Subtotal (4.2) (21.3) 17.1 17 Reversal of US GAAP derivati
Slide 11: 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