UBS (Irl) ETF plc - UBS MSCI EMU Universal UCITS ETF Accum-HCHF- CHF · SIX:EUESGC
UBS (Irl) ETF plc - UBS MSCI EMU Universal UCITS ETF Accum-HCHF- CHF — UBS Group — Q1 2025 Earnings Presentation
30 slides from UBS (Irl) ETF plc - UBS MSCI EMU Universal UCITS ETF Accum-HCHF- CHF's earnings presentation, Apr 30, 2025
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: April 30, 2025 UBS Group AG (Registrant's Name) Bahnhofstrasse 45, 8001 Zurich, Switze
Slide 2: Form 6-K presentation materials note
This Form 6-K consists of the presentation materials related to the first quarter 2025 financial results of UBS, which appear immediately following this page.
Slide 3: UBS First quarter 2025 Financial results
UBS First quarter 2025 Financial results 30 April 2025
Slide 4: Important information
Important information Forward-looking statements: This presentation contains statements that constitute “fonward-looking statements”, induding but not limited to management's outlook for UBS's financial performance, statements relating to the anticipated effect of transactions and strategic initiati
Slide 5: Agenda
Agenda Key messages Sergio P. Ermotti, Group CEO UBS Financial performance Todd Tuckner, Group CFO Q&A
Slide 6: Key messages
Key messages Strong 1Q25 financial performance demonstrates the power of our global, diversified model in a complex environment; net profit 1.7bn, underlying profit before tax 2.6bn, underlying RoCET1 11.3% Franchise strength demonstrated by robust client momentum; 6.2trn [A with GWM NNA 32bn and AM
Slide 7: Financial performance
Financial performance Todd Tuckner, Group CFO UBS
Slide 8: 1Q25 profitability driven by positive operating leverage in core business divisions
1Q25 profitability driven by positive operating leverage in core business divisions Underlying, bn Revenues Operating expenses Profit before tax Underlying Q25 [0% — PBT 2.6bn 12.0 11.9 yg Core: 9 cy 16% RoCET1 11.3% p%) oo 71.4% 2.6 2.6 t Core: ~ 415% Reported Net profit 1.7bn BES) OLS) 1Q24 1Q25 1
Slide 9: 1Q25 demonstrates the strength of our global diversified business model
1Q25 demonstrates the strength of our global diversified business model Profits |~0.6bn expected Underlying lin 2Q25! 652 (1%) 292 273 2,617 gs 2,586 215) (397) (10) ofw tax: (430m) ] 2,132 (1,106) ~1.1bn expected 1,692 n 2925 (441) 1924 GWM PRC AM 1B NCL Group items 1925 Non- Non- 1925 Tax 1925 PET
Slide 10: Achieved 65% of gross cost save ambition, on track to ~13bn by year-end 2026
Achieved 65% of gross cost save ambition, on track to ~13bn by year-end 2026 Cumulative annualized exit rate Underlying Cumulative integration- gross cost reductions operating expenses related expenses? USD bn/ % of expected cumulative total USD bn USD bn/ % of expected cumulative total (~10%) / (~4
Slide 11: Our balance sheet for all seasons is a key pillar of our strategy
Our balance sheet for all seasons is a key pillar of our strategy 1925 Total assets 1,543 ow: Cash and balances at central banks 231 ow: Lending assets! 615 ow: Fair value assets? 445 Total liabilities 1,456 aw: Fair value and long-term debt 295 Q/w: Short-term borrowings 58 ow: Customer deposits 74
Slide 12: Maintaining a strong capital position with CET1 capital ratio at 14.3%
10 Maintaining a strong capital position with CET1 capital ratio at 14.3% CET1 capital ratio CETI capital, bn M4 17 (0.8) (0.5) (2.5) os (0.9) 69.2 03% - RWA 483.3bn, (15.3bn) Qo 143% (0.2%) = -—- = 14.3% ( ) QoQ (011%) (0.2%) — Implementation of final Basel Ill standards resulted in (8.6bn) impact
Slide 13: Global Wealth Management
Global Wealth Management Underlying us 1925 4Q24 Total revenues 6,253 5,942 Net interest income 1,549 1,657 Recurring net fee income 3,279 3,262 Transaction-based income 1,421 1,034 Other income 4 (1) Credit loss expense / (release) 6 (14) Operating expenses 4,702 4808 Profit before tax 1,545 1,147
Slide 14: Personal & Corporate Banking (CHF)
12 Personal & Corporate Banking (CHF) Underlying Total revenues Net interest income Recurring net fee income Transaction-based income Other income Credit loss expense / (release) Operating expenses Profit before tax Profit before tax (reported) Cost / income ratio Deposits, bn Loans, bn RWA, bn UBS
Slide 15: Asset Management
Asset Management Underlying Total revenues Net management fees Performance fees Net gain from disposals Credit loss expense / (release) Operating expenses Profit before tax Profit before tax (reported) Cost / income ratio Invested assets, bn Net new money, bn UBS 1925 4Q24 1924 182 111 Qe (3%) 41% (
Slide 16: Investment Bank
14 Investment Bank Underlying Total revenues Global Banking Advisory Capital Markets Global Markets Execution Services Derivatives & Solutions Financing Credit loss expense / (release) Operating expenses Profit before tax Profit before tax (reported) Cost / income ratio RWA, bn Return on attributed
Slide 17: Non-core and Legacy
Non-core and Legacy Underlying Total revenues Credit loss expense / (release) Operating expenses Profit before tax Profit before tax (reported) RWA, bn LRD, bn UBS 1925 417 34 35 541 (606) (923) 4 54 1924 1,001 36 769 197 (46) 58 120 QoQ YoY (72%) (12%) (38%) (18%) (41%) (35%) (71%) Underlying 1Q25
Slide 18: NCL run-down continuing at pace
16 NCL run-down continuing at pace Reducing complexity Underlying operating expenses excl. litigation bn 74% books closed since June 2023 Target: >95% by YE26 1925 annualized: 1.9bn A8% IT apps decommissioned since June 2023 Target: 100% by YE26 FY22 1Q25 FY25 2026 combined LTM2 ambition _exit-rate
Slide 19: Appendix
Appendix
Slide 20: Reiterating our financial targets and long-term ambitions
18 Reiterating our financial targets and long-term ambitions Financial targets ~15% Underlying RoCET1 2026 exit rate </0% Underlying cost/ income ratio 2026 exit rate UBS Capital guidance ~14% CET1 capital ratio >4.0% CET1 leverage ratio Long-term ambitions ~18% RoCET1, reported by 2028 >5trn GWM in
Slide 21: UBS Group results
UBS Group results er 1Q25 4Q24 3024 2024 1Q24 Total revenues 12,557 11,635 12,334 11,904 12,739 Credit loss expense / (release) 100 229 121 95 106 Operating expenses 10,324 10,359 10,283 10,340 10,257 Operating profit / (loss) before tax 2,132 1,047 1,929 1,469 2,376 Tax expense / (benefit) 430 268
Slide 22: 1Q25 overview of financial performance by business division
20 1Q25 overview of financial performance by business division Total revenues as reported Total revenues (underlying) Credit loss expense / (release) Operating expenses as reported Operating expenses (underlying Operating profit / (loss) before tax as reported Operating profit / (loss) before tax (u
Slide 23: Maintaining a strong capital position
Maintaining a strong capital position 187.2bn 38.7% Gone concern: 99.3bn Gone concern: 20.6% = © ra Going concern: 87.8bn Going concern: 18.2% 2 = - g oh CET1 ow CETI & g Se = 69.2bn 14.3% BE al 5 g vs. guidance: o 2s ~14% Se fe = 2S Bi = oee 1925 1Q25 Requirements RWA 483bn SE UBS refer tothe “capi
Slide 24: RWA and LRD QoQ walk
RWA and LRD QoQ walk Risk weighted assets ms (3%) 1 498.5 0.0 5.9 483.3 (9.3) (0.8) (2.3) (86) + al: market risk +6.Sbn; credit and counterparty credit risk (€.1bn); operational risk @.0bn) 4Q24 Credit and Non-counterparty- Market risk! Operational risk? Final Basel Il Currency effects 1Q25 counterp
Slide 25: 1Q25 Global Wealth Management results by region
1Q25 Global Wealth Management results by region Americas APAC EMEA Switzerland 1925, 1Q24 YoY 1925 1Q24 YoY 1Q25 1924 YoY 1925 1Q24 YoY Underlying revenues, m 3,003 2,727 10% 1,034 948 9% 1177 1,198 (2%) 1,031 1,033 Net interest income, m 513 488 5% 311 325 (4% 372 421 (12%) 345 391 Recurring net fe
Slide 26: PPA pull to par overview and revenue recognition
PPA pull to par overview and revenue recognition Accretion of PPA adjustments on financial instruments Recognized Estimated amortization profile* Expected future P&L Opening balance Remaining balance USD bn eyes ee) 2023-1925 tobe reegnized? tenes at 1c8 25 2Q-4Q25 2026 2027+ cw ~3.0 (1.5) AS ~16 (-
Slide 27: FY22 combined cost baseline
FY22 combined cost baseline FY22 USD bn Operating expenses UBS sub-group (IFRS)' 24.9 Credit Suisse sub-group (US GAAP)? 19.1 UBS sub-group exclusions* (0.3) Credit Suisse sub-group exclusions?> (2.0) Commission expense reclassification?* (1.1) FY22 combined cost baseline 40.6 of which: ~34.5bn in C
Slide 28: Revenue and expense currency mix
26 Revenue and expense currency mix Total revenues! % 6 2) J é 15 WW 10 em 40 43 GWM AM Group Mi usp Mi cr Ml cpp SE UBS 1 22:00 0n ectimated currency splits used for planring purposes Operating expenses! % GWM P&C AM 1B NCL Group Other
Slide 29: Cautionary statement regarding Forward looking statements
Cautionary statement regarding Forward looking statements Cautionary Statement Regerding Forward looking Statements | This presentation contains statements that consitute “forward-looking statements”, including but nct limited to management's outlock for UBS‘: financial performance, statements felet
Slide 30: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned, thereunto duly authorized. UBS Group AG By: /s/ David Kelly _ Name: David Kelly Title: Managing Director By: /s/ Ella Copetti-