Ubs Group Ag · SIX:UBSG
Ubs — UBS AG (Amna, Amnd, Amtr, Amub, BDCX, BDCZ, Cefd, DJCB, Esus, Fedl, HDLB, Ifed, Iwdl, Iwfl, Iwml, Mlpb) — Morgan Stanley Financials Conference 2012
21 slides from Ubs's conference presentation, Mar 29, 2012
Slide 1: Form 6-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Date: March 29, 2012 Commission File Number: 1-15060 UBS AG (Registrant’s Name) Bahnhofstrasse 45, Zurich, Swi
Slide 2: Morgan Stanley Financials Conference
Morgan Stanley Financials Conference Tom Naratil Group Chief Financial Officer March 29, 2012
Slide 3: Cautionary statement regarding forward-looking statements
Cautionary statement regarding forward-looking statements This presentation contains statements that constitute “forward-looking statements”, including statements relating to UBS’s financial performance and statements relating to the anticipated effect of strategic initiatives on UBS’s business and
Slide 4: Key messages
Key messages Our strategy is centered on our pre-eminent wealth management businesses and our universal bank in Switzerland. It builds on the strengths of all of our businesses, supported by our industry-leading capital position We continue to grow our wealth management businesses and see strength i
Slide 5: Our wealth management businesses are unrivaled
Our wealth management businesses are unrivaled World leading HNW and UHNW wealth manager, unrivaled in scope, reach and client mix with a strong footprint in all major financial centers Invested assets 31.12.11 CHF 1,459 billion UBS WM Americas UBS Wealth Management 651 709 750 Pre-tax profit¹ (WM+W
Slide 6: Our clients turn to us for advice to address their concerns
Our clients turn to us for advice to address their concerns Our clients’ positioning is a reflection of market uncertainties Americas Europe European debt crisis Oil prices Macro concerns on growth/GDP European debt crisis Taxation policy Large cash holdings Switzerland Large cash holdings European
Slide 7: Why clients value UBS Investment Bank
Why clients value UBS Investment Bank What clients need from our Investment Bank Sovereigns, institutional and corporate clients Wealth management clients • Dedicated Investment Bank coverage for UHNW Geographic • Strength and presence in each region and and onshore presence in wealth management foo
Slide 8: Our strategy builds on the strengths of all of our businesses
Our strategy builds on the strengths of all of our businesses We are centered on our pre-eminent wealth management businesses and our Swiss universal bank, building on the strengths of all of our businesses 1 Based on public sources of BoA, MSSB, WFC 5 Euromoney FX Poll (2005 – 2011) 2 InvestHedge M
Slide 9: Wealth Management
Wealth Management We have a strong presence in APAC and in the highest growth markets….. • FY11 inflows of CHF 23.5 billion (3.1% NNM growth) 3-5 Net new • Our focus is attracting quality invested assets; our strong 3.1 money liquidity position means we do not need to compete (10.4) (1.5) growth agg
Slide 10: Wealth Management Americas
Wealth Management Americas Strong profit performance for FY11 and … • Net inflows of CHF 12.1 billion after outflows of CHF 6.1 billion in FY10 2-4% Net new 1.8 • Industry-leading net new money growth rates; NNM including money (1.8) (0.9) dividends and interest were CHF 30.4 billion growth in FY11
Slide 11: Retail and Corporate
Retail and Corporate Leading retail and corporate business in Switzerland… Net new • Volume growth in client deposits of 6% in 2011 business • Seizing growth opportunities in advisory and execution services 4.0% 3.5% 1-4% volume • Targeting growth in mature markets by capitalizing on our universal N
Slide 12: Global Asset Management
Global Asset Management Well-diversified across business lines, regions and distribution channels … • Third party inflows of CHF 12.2 billion excluding money market for FY11 3-5% • Grow third-party wholesale by building on our strengths in APAC and Net new Switzerland 0.3 0.8 money • Expand our lead
Slide 13: Investment Bank
Investment Bank Our efforts are focused on prudent risk reduction Basel 3 • Targeting CHF 190 billion RWAs by 31.12.12; good progress in Risk-weighted market risk RWA reduction in 4Q11 ~220 ~212 assets • Optimize capital allocation while actively reducing risk <150 reduction NA (Basel 3) • Substanti
Slide 14: We remain vigilant on costs
We remain vigilant on costs We are managing scarce resources by driving tactical and strategic efficiency initiatives … Tactical actions Optimization Process industrialization • CHF 2 billion cost elimination • Embed cost discipline in the • Continuously increasing program announced in July culture
Slide 15: Our capital, liquidity and funding positions are strong
Our capital, liquidity and funding positions are strong Capital strength is the foundation for our success • Industry-leading Basel 2.5 tier 1 capital ratio: 15.9%, core tier 1 ratio 14.1% Capital • 48% increase in tangible book value per share (TBVPS) to CHF 11.68 since 31.12.09 3 1 position throug
Slide 16: Risk-weighted assets—Basel 3
Risk-weighted assets—Basel 3¹ We have reduced RWAs swiftly and we are ahead of our plan We will continue our disciplined approach to RWA reduction 1 Our pro-forma Basel 3 RWA are based on estimatesand will be refined as we progress with our implementation of new models and associated systems 2 30.9.
Slide 17: We are targeting a common equity tier 1 ratio of 13%
We are targeting a common equity tier 1 ratio of 13% We intend to issue loss-absorbing capital on a global basis 18.7% 19% 14.2% 14.0% 10.1% 10.8% 9.7% 6.2% 6.7%
Slide 18: We are confident about our future
We are confident about our future Our business Our actions Upside potential Unrivalled wealth management Continue to strengthen our • 27% of WM clients AuM in cash franchise leading capital position and earning very low margins - Well positioned in largest and sound liquidity and funding • USD 28 bi
Slide 19: Key messages
Key messages Our strategy is centered on our pre-eminent wealth management businesses and our universal bank in Switzerland. It builds on the strengths of all of our businesses, supported by our industry-leading capital position We continue to grow our wealth management businesses and see strength i
Slide 20: Form 6-K incorporated by reference into registration statements
This Form 6-K is hereby incorporated by reference into (1) each of the registration statements of UBS AG on Form F-3 (Registration Number 333-178960) and Form S-8 (Registration Numbers 333-49210; 333-49212; 333-127183; 333-127184; 333-162798; 333-162799; 333-162800; 333-178539; 333-178540; 333-17854
Slide 21: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. UBS AG By: /s/ Louis Eber Name: Louis Eber Title: Group Managing Director By: /s/ Sarah M. Starkweather