Ubs Group Ag · SIX:UBSG
Ubs — UBS AG (Amna, Amnd, Amtr, Amub, BDCX, BDCZ, Cefd, DJCB, Esus, Fedl, HDLB, Ifed, Iwdl, Iwfl, Iwml, Mlpb) — Merger or Acquisition (December 2023)
11 slides from Ubs's merger presentation, Dec 7, 2023
Slide 1: Unaudited Pro Forma Condensed Combined Balance Sheet as of 30 June 2023
3 Unaudited Pro Forma Condensed Combined Balance Sheet as of 30 June 2023
Slide 2: Unaudited Pro Forma Condensed Combined Balance Sheet as of 30 June 2023
4 Unaudited Pro Forma Condensed Combined Balance Sheet as of 30 June 2023 1 Reflects the U.S. GAAP balance sheet for Credit Suisse Parent Bank as of 30 June 2023, translated to US dollars at a rate of 1.12 (CHF/USD) and reflecting asset and liability presentation reclassification adjustments applied
Slide 3: Unaudited Pro Forma Condensed Combined Income Statement, six months ended 30 June 2023
5 Unaudited Pro Forma Condensed Combined Income Statement for the six-month period ended 30 June 2023 1 Reflects the U.S. GAAP income statement of Credit Suisse Parent Bank for the six-month period ended 30 June 2023, translated to US dollars at a rate of 1.10 (CHF/USD) and reflecting presentation r
Slide 4: Income Statement 2022 and Notes to Pro Forma Financial Information
6 Unaudited Pro Forma Condensed Combined Income Statement for the year ended 31 December 2022 1 Reflects the U.S. GAAP income statement of Credit Suisse Parent Bank for the year ended 31 December 2022, translated to US dollars at a rate of 1.05 (CHF/USD) and reflecting presentation reclassification
Slide 5: Balance Sheet
8 Credit Suisse AG consolidated balance sheet as of 30 June 2023
Slide 6: Balance Sheet
9 Credit Suisse AG consolidated balance sheet as of 30 June 2023
Slide 7: Income Statement for the six-month period ended June 2023
10 Credit Suisse AG consolidated income statement for the six-month period ended 30 June 2023 1 Commission expenses are presented for UBS as a contra-revenue item and are therefore a deduction from net fee and commission income. For the purpose of this table however they are presented as a positive
Slide 8: Income Statement 2022
11 Credit Suisse AG consolidated income statement for the year ended 31 December 2022 1 Commission expenses are presented for UBS as a contra-revenue item and are therefore a deduction from net fee and commission income. For the purpose of this table however they are presented as a positive number,
Slide 9: Reclassification to Derivative Financial Instruments and Fair Value Adjustments
13 reclassified to “Derivative financial instruments”. The carrying values of the reclassified assets and loan commitments were then remeasured at fair value. The fair value measurement adjustments arising from the reclassification were primarily (i) a fair value reduction in ”Financial assets at fa
Slide 10: Credit loss differences between U.S. GAAP and IFRS
14 h) For the purpose of the condensed combined pro forma financial information, differences between accounting for credit losses between U.S. GAAP and IFRS have been considered. An estimated additional allowance of 64m has been recorded against the carrying value of non-impaired Loans and advances
Slide 11: Income statements: pro forma adjustment to personnel expenses
15 Income statements l) The pro forma adjustment to personnel expenses is a net decrease of 308m for the year ended 31 December 2022 and a decrease of 418m for the six-month period ended 30 June 2023. These adjustments reflect the following: i. Aligning Credit Suisse Parent Bank’s annual variable in