Quarterly reporting

• PBT USD 2.6bn, +92% YoY; adjusted¹ PBT USD 2.1bn, +41% YoY
• Best third quarter PBT in a decade
• Net profit USD 2.1bn, +99% YoY; return on CET1 capital² 21.9%; cost/income ratio 70.4%; diluted EPS USD 0.56
• CET1 capital ratio 13.5% and CET1 leverage ratio³ 3.8% after establishing a USD 1.5bn reserve for potential share repurchases beginning in 2021
• UBS’s Board of Directors proposes the second tranche of 2019 dividend of USD 0.365 per share to be paid in November 2020
• UBS makes sustainable investments its preferred solution for clients of its USD 2.8trn Global Wealth Management business

¹ Refer to the “Performance of our business divisions and Group Functions” table for a list of items called out due to their one-off nature within the context of the quarter, which have been excluded to show the “adjusted” results referred to in this document.
² Return on CET1 capital is calculated as annualized net profit attributable to shareholders divided by average common equity tier 1 capital.
³ Excluding the effects of the temporary exemption of central bank sight deposits for the going concern leverage ratio calculation granted by the Swiss Financial Market Supervisory Authority (FINMA) on 25 March 2020 in connection with COVID-19.

• 2Q20 PBT USD 1.6bn, (10%) YoY or +5% excluding CLE
• 2Q20 net profit (11%) YoY; return on CET1 capital¹ 13.2%; cost/income ratio 75.8%; diluted EPS USD 0.33
  
• 1H20 PBT USD 3.6bn, +9% YoY or +24% excluding CLE
  
• 1H20 net profit USD 2.8bn, +12% YoY; return on CET1 capital¹ 15.4%; cost/income ratio 74.0%; diluted EPS USD 0.76
  
• Strong capital position with CET1 capital ratio 13.3%; CET1 leverage ratio² 3.9%; tier 1 leverage ratio^2,3 5.5%, all excluding any temporary regulatory relief
  

¹ Return on CET1 capital is calculated as annualized net profit attributable to shareholders divided by average common equity tier 1 capital.
² Excluding the effects of the temporary exemption of central bank sight deposits for the going concern leverage ratio calculation granted by the Swiss Financial Market Supervisory Authority (FINMA) on 25 March 2020 in connection with COVID-19.
³ Going concern leverage ratio under Swiss SRB rules.

• PBT USD 2.0bn, +30% YoY and net profit +40% YoY; return on CET1 capital¹ 17.7%; cost/income ratio 72.3%; diluted EPS USD 0.43
• Strong capital position with CET1 capital ratio 12.8%; CET1 leverage ratio² 3.8%; tier 1 leverage ratio^2,3 5.4%, all excluding any regulatory relief
• In highly volatile and uncertain markets, UBS remained a reliable partner to its clients, extending credit well beyond government-sponsored programs
• UBS demonstrated strong front-to-back operational resilience, facilitating uninterrupted connectivity with a substantial increase in volumes and client interactions
• UBS is fully committed to playing its part in mitigating the effects of the COVID-19 crisis; supporting employees, clients and communities
  

¹ Return on CET1 capital is calculated as net profit attributable to shareholders divided by average common equity tier 1 capital.
² Excluding the effects of the temporary exemption of central bank sight deposits for going concern leverage ratio calculation granted by the Swiss Financial Market Supervisory Authority (FINMA) on 25 March 2020 in connection with COVID-19.
³ Going concern leverage ratio under Swiss SRB rules.