UBS Group AG · SIX:UBSG
UBS — Morgan Stanley European Financials Conference 2018
11 slides from UBS's conference presentation, Mar 22, 2018
Slide 1: Morgan Stanley European Financials Conference 2018
Morgan Stanley European Financials Conference 2018 Sergio P. Ermotti Group Chief Executive Officer March 22, 2018
Slide 2: Cautionary statement regarding forward-looking statements
Cautionary statement regarding forward-looking statements This presentations 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 strat
Slide 3: Delivered positive operating leverage in 2017
Delivered positive operating leverage in 2017 Net profit up 22% excluding net DTA write-down 3% higher 375 operating income 747 56 3,918 (463)1 3,204 2% lower operating expenses 1,053 (2,865) Net profit Operating Operating Litigation Tax Net profit Net impact from Net profit 2016 income expenses and
Slide 4: Attractive capital returns policy
Attractive capital returns policy Initiating 3-year buy-back program of up to CHF 2bn, targeting up to CHF 550m in 2018 Ordinary dividend Share 0.152 Special dividend buy-back 0.25 Share buy-back 0.25 Capital considerations 2018-2020 ~4bn in CET1 capital build Example Operating at ~13% CET1 capi
Slide 5: Global Wealth Management – strong performance
Global Wealth Management – strong performance +12% Profit before tax 4.1 Profit growth driven by US, APAC and UHNW 3.6 bn 2.1 +12% 2.3 Invested assets 33% mandates1, up 160bps YoY Total and UHNW, 1.1 0.9 end of period, trn +5% Recurring revenues 12.2 12.8 Recurring revenues increased on higher inves
Slide 6: Global Wealth Management – geographic footprint
Global Wealth Management – geographic footprint UBS is the only bank with leading positions across all regions Global1 Asia Pacific2 United States3 Western Europe4 Switzerland4 Emerging markets4,5 1 Scorpio Partnership Global Private Banking Benchmark 2017, by invested assets; 2 Asian Private Banker
Slide 7: Global Wealth Management – 2017 regional performance
Global Wealth Management – 2017 regional performance Americas1 EMEA Asia Pacific Switzerland 6,990 advisors 1,748 advisors 1,037 advisors 728 advisors PBT contribution 33% 29% 21% 17% FY172, total: 4,079m 84 85 77 70 67 57 56 57 Cost/Income-ratio 84 83 67 61 64 83 66 64 67 54 55 54 % Net new money (
Slide 8: Improving efficiency 2018-2020
Improving efficiency 2018-2020 Positioned for growth and operating leverage; balancing cost and capital efficiency Cost/income ratios vs. 2018-2020 targets Cost/income ratio Target (range) Global Wealth 74 Management Group Target: 65-75% Personal & 56 Corporate 78 Banking Target: 50-60% 72 Asset Man
Slide 9: USD-based reporting
USD-based reporting Potential to reduce FX-induced volatility of earnings and capital ratios 7.9 Earnings contribution 2.3 Profits significantly geared FY18 PBT per 29.1.18 towards USD consensus1, CHFbn (0.7) (1.8) CHF USD EUR Other LRD RWA Other Other EUR 9% CHF CHF 20% 7% Balance sheet 28% 22% Ope
Slide 10: Sergio P. Ermotti, Group Chief Executive Officer
Sergio P. Ermotti Group Chief Executive Officer March 22, 2018
Slide 11: 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 on pages 60-61 of the Annual Report 2017 which is available in the section "Annual reporting" at www.ubs.com/investors., to the extent applicable, on
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