Ubs Group Ag · SIX:UBSG
Ubs — Shareholder Meeting (2015)
24 slides from Ubs's shareholder meeting presentation, 2015
Slide 1: UBS 2015 Annual General Meeting
UBS 2015 Annual General Meeting Axel A. Weber Chairman of the Board of Directors Spring 2015
Slide 2: Table of contents
Table of contents Section 1 Key messages 3 Section 2 2015 AGM Agenda 8 Section 3 CEO and Group Executive Board compensation 11 Appendix A Supporting materials 14 1
Slide 3: 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 and statements relating to the anticipated effect of transactions and strate
Slide 4: Key messages
Section 1 Key messages ok UBS
Slide 5: Key Messages
Key Messages UBS is asking its shareholders to support its 2015 AGM agenda, including the inaugural vote on GEB and BoD compensation As usual, UBS is also requesting that shareholders provide an advisory vote on its compensation report We believe shareholders should support management: • We have bui
Slide 6: Completed our strategic transformation
Completed our strategic transformation Achieved strategic targets announced in 2011/2012 Reduced Achieved our Transformed our risk-weighted assets capital targets Investment Bank Basel III RWA (fully applied), CHF billion Basel III CET1 ratio (fully applied) Investment Bank pre-tax RoAE1 +670 bps (4
Slide 7: Delivering attractive returns to our shareholders
Delivering attractive returns to our shareholders Proposed ordinary dividend and accrued one-time supplementary capital return in 2014 Total capital return per share CHF per share 0.25 proposed one-time supplementary • 31.12.14 Basel III fully applied CET1 capital return 0.50 following squeeze- rati
Slide 8: 2014 compensation highlights
2014 compensation highlights Performance award pool takes into account the firm's strong performance, but also recognizes the effects of charges for provisions for litigation, regulatory and similar matters 2014 performance award pool was reduced significantly, mainly in the Investment Bank, fro
Slide 9: 2015 AGM Agenda
Section 2 2015 AGM Agenda ok UBS
Slide 10: 2015 AGM agenda items
2015 AGM agenda items Say-on-pay agenda items The BoD proposes that the shareholders approve the Compensation Report 2014. This provides us with Advisory vote on valuable feedback on our compensation practice in relation to the Compensation Framework 2014, Compensation Report governance and policy.
Slide 11: Changes to our compensation framework
Changes to our compensation framework Our framework has remained broadly unchanged in 2014 Changes to Deferred Contingent Capital Plan (DCCP) DCCP was introduced in 2012 as a key component of UBS's compensation framework to better align the interests of shareholders, bondholders and employees and
Slide 12: CEO and Group Executive Board compensation
Section 3 CEO and Group Executive Board compensation
Slide 13: Group Executive Board compensation framework
Group Executive Board compensation framework Total GEB performance award pool down 7% to CHF 58.4 million Under framework Performance award cap - CEO 5x base salary Performance award cap – other GEB 7x base salary Performance award cap – full GEB 2.5% of the Group's adjusted PBT Determination of ind
Slide 14: Performance Awards for GEB Members
Performance Awards for GEB Members GEB performance awards are at the discretion of the Board of Directors Pay for performance Safeguards Human Resources and Compensation Committee Our compensation framework contains a number of (HRCC) reviews the performance of the CEO/GEB features designed to e
Slide 15: Supporting materials
Appendix A Supporting materials
Slide 16: Our compensation framework
Our compensation framework UBS has one of the most stringent performance award frameworks, relative to its peers and this framework has remained broadly unchanged in 2014 We have built a robust compensation model fostering accountability for achieving medium- and long-term goals and premised on
Slide 17: Variable compensation expenses
Variable compensation expenses IFRS expense down 20% since 2011 IFRS expense down 6% YoY IFRS expense 3.5 IFRS expense IFRS expense 3.0 IFRS expense 3.0 2.8 1.7 0.7 0.6 1.3 2.3 2.2 CHF billion 1.8 1.7 2011 2012 2013 2014 Awards expensed for Amortization of awards performance year from prior years1 E
Slide 18: Deferred compensation
Deferred compensation Expected amortization Annual of awards from prior years1 awards Amortized granted 0.7 0.8 ~0.7 Unrecognized Forfeited Unrecognized Awards to be Awards to be amortized 0.1 amortized¹ ² Including awards 1.6 to be granted in 1Q15 1.6 ~0.5 for the performance CHF billion year 2014
Slide 19: 2014 Compensation framework for GEB members
2014 Compensation framework for GEB members Of the annual performance award, up to 20% is paid in the form of immediate cash, and 80% is paid as a longer-term performance award, with 50% paid in deferred equity and the remaining 30% in deferred notional bonds. Illustrative example: 2014 Payout of pe
Slide 20: Scorecard for Group CEO
Scorecard for Group CEO Financial factors1 2014 Weighting Assessment relative to plan results Target Group Group RoE 7.0% 20% (65%) Adjusted Group profit before tax2 CHF 5 billion 25% Basel III CET1 capital ratio (fully applied) 13.4%3 20% Qualitative factors Weighting Assessment Target Capital mana
Slide 21: FY14 – strong net profit growth
FY14 – strong net profit growth Net profit attributable to UBS Group AG shareholders up 9% to CHF 3.5 billion Wealth Wealth Retail & Global Asset Investment Management Management Corporate Management Bank Americas Profit before tax +4% Achieved more than Profit before tax +4% Turnaround in N
Slide 22: UBS is diversified by business and geography
UBS is diversified by business and geography Regional revenue growth across UBS's businesses in 2014 Europe, Middle East, and Africa Operating income, CHF billion 6.6 6.8 1.1 Americas Operating income, CHF billion 0.1 Asia Pacific Operating income, CHF billion Switzerland 2013 2014 10.2 0.9 10.7 Ope
Slide 23: Adjusted results
Adjusted results Adjusting items Business division / Corporate Center 4Q13 3Q14 4Q14 FY13 FY14 CHF million Operating income as reported (Group) 6,307 6,876 6,746 27,732 28,027 Of which: Own credit on financial liabilities designated at fair value Corporate Center - Core Functions (94) 61 70 (283) 29
Slide 24: Important information related to this presentation
Important information related to this presentation Use of adjusted numbers Unless otherwise indicated, “adjusted” figures exclude the adjustment items listed on the previous slide, to the extent applicable, on a Group and business division level. Adjusted results are a non-GAAP financial measure as