Business Context and Reporting Period
This Form 6-K is a report of foreign private issuers UBS Group AG and UBS AG, filed with the SEC on July 29, 2022. The filing provides consolidated capitalization data as of June 30, 2022, prepared in accordance with International Financial Reporting Standards (IFRS) in US dollars. It serves as a supplement to the annual report on Form 20-F for the year ended December 31, 2021, and the first and second quarter 2022 reports.
Key Financial Metrics
The filing focuses on the consolidated capitalization structure of UBS AG rather than operational performance metrics like revenue or profit.
| Capitalization Item (USD millions) | As of June 30, 2022 | As of March 31, 2022 |
|---|---|---|
| Short-term debt issued | 67,583 | 70,621 |
| Long-term debt issued | 127,590 | 133,382 |
| Total debt issued | 195,173 | 204,003 |
| Funding from UBS Group AG | 58,896 | 59,569 |
| Equity attributable to UBS AG shareholders | 54,746 | 57,962 |
| Equity attributable to non-controlling interests | 339 | 356 |
| Total capitalization | 250,258 | 262,322 |
Note: The filing text does not provide clear values for revenue, profit, cash flow, or operating margins. These metrics are referenced as being contained in the separate quarterly reports submitted on April 29, 2022, and July 29, 2022.
Material Changes Versus Prior Period
- Total Debt: Decreased by approximately $8.8 billion from $204.0 billion (March 31, 2022) to $195.2 billion (June 30, 2022).
- Short-term Debt: Declined by $3.0 billion to $67.6 billion.
- Long-term Debt: Declined by $5.8 billion to $127.6 billion.
- Shareholder Equity: Decreased by $3.2 billion to $54.7 billion.
- Total Capitalization: Reduced by $12.1 billion to $250.3 billion.
Guidance, Outlook, and Risks
This specific Form 6-K does not contain management commentary, forward-looking guidance, risk factors, or details on contingencies. It is a procedural filing incorporating capitalization data by reference into various registration statements (Forms F-3 and S-8) and prospectuses. Investors are directed to read this filing in conjunction with the full quarterly reports for operational outlook and risk disclosures.
Key Facts for Investor Verification
- Verify the full Q2 2022 earnings report (filed separately on July 29, 2022) for revenue, net income, and cash flow data not included in this summary.
- Confirm the drivers behind the $12.1 billion reduction in total capitalization between Q1 and Q2 2022.
- Review the referenced Form 20-F (filed March 7, 2022) for the full annual context of the debt and equity structure.
- Note that "Funding from UBS Group AG" represents a significant portion ($58.9 billion) of the total debt issued.