Good H1 23 figures

• Operating income rose by 9% for H1 23 driven by higher interest rates • IFRS net profit attributable to shareholders increased by 18% to CHF532m for H1 23 • Net new money inflows were CHF7.1bn in H1 23 • AuM increased by 4% to CHF441bn at the end of June 2023 compared to year-end 2022

Good 2022 figures, financial targets achieved

• Reported net profit attributable to shareholders decreased by 12% to CHF950m for 2022 compared to 2021 • Net new money inflows were CHF9bn in 2022 compared to CHF20bn in 2021 • The dividend proposal is unchanged at CHF2.60 per share for FY2022

Solid H1 22 figures somewhat below expectations

• IFRS net profit attributable to shareholders decreased by 26% to CHF450m for H1 22 • CHF55m charge for an old legacy litigation matter as announced at the end of June • Net new money outflows were CHF1.1bn in H1 22 • AuM declined by 11% to CHF428bn compared to year-end 2021

Strategy targets update for 2023 to 2025

• Adjusted cost/income ratio of below 64% by 2025 (current target 67% or lower) • Adjusted pre-tax margin of 28 to 31 basis points by 2025 (current target 25-28 basis points) • All capital meaningfully exceeding a BIS CET1 of 14% at the year-end will be distributed via share buy-backs in the subsequent year

Record profit, higher dividend and a share buy-back programme

• Net profit attributable to shareholders increased by 55% to CHF1.1bn for 2021 • Net new money inflows CHF20bn (+4.5%) in 2021 compared to CHF15.1bn (+3.5%) in 2020 • The dividend proposal rose from CHF1.75 for FY2020 to CHF2.60 for FY2021 • Baer announced a new share buy-back programme of up to CHF400m

Strong H1 21 figures, new record highs

• IFRS net profit attributable to shareholders increased by 23% to CHF606m for H1 21 • Net new money inflows were CHF10bn (+4.6% annualised) in H1 21 • AuM rose by 12% to CHF486bn compared to year-end 2020

Good FY2020 figures, higher dividend and share buy-back programme

Net profit increased by 50% for 2020 Net new money inflows were CHF15.1bn (+3.5%) in 2020 compared to CHF10.6bn (+2.8%) in 2019 The dividend proposal rose to CHF1.75 for FY2020. Baer announced a new share buy-back programme of up to CHF450m.

Again a profit warning due to goodwill impairment on Kairos

• Nine months 2020 statement released as always without income statement figures • AuM rose by 3% to CHF413bn at the end of September compared to the end of June 2020 • Goodwill impairment of around CHF190m on Kairos investment in 2020

Disappointing FY2019 figures, targets partly downgraded

• Net profit decreased by 37% for 2019 • Operating expenses were up by 14% due to one-offs • AuM rose by 12% in 2019, but net new money inflows were up only 2.8% • Shift announced from an asset gathering strategy to a sustainable profit growth strategy

Court decision burdens 2019 earnings

• Julius Baer has to set up a provision of CHF153m after a court decision in December • Very old claim connected with the reunification of Germany • Final decision by the Swiss supreme court expected but reimbursement by UBS

Profit warning sweetened by a share buy-back programme

• Ten months 2019 statement as always without income statement figures • AuM rose by 10% to CHF422bn at the end of October 2019 compared to the end of 2018 • Launch of a share buy-back programme of up to CHF400m • Goodwill impairment of around CHF100m on Kairos investment in 2019

Mixed H1 figures

• Mixed figures for H1 19 • H1 19 net profit is below our FY2019 forecast • AuM rose by 8% compared to year-end 2018. But net new money inflows were up only 3.2% (annualised) in H1 19

Disappointing FY2018 figures, targets partly downgraded

Reported net profit attributable to shareholders increased by 4% to CHF735m for 2018 compared to 2017. Net interest and dividend income declined by 7% to CHF919m in 2018. Net commission and fee income was down by 1% to CHF1.9bn for 2018. Trading income rose by 75% to CHF530m in the same period. Operating income rose by 4% to CHF3.37bn for 2018 compared to 2017. Personnel expenses were up by 4% to CHF1.62bn for 2018 compared to 2017. General expenses rose by 6% to CHF688m in 2018. Operating expen

Good H1 figures

The reported net profit attributable to shareholders rose by 26% to CHF444m for H1 18 compared to H1 17. Interest and dividend income declined by 2% to CHF554m in H1 18. Net commission and fee income increased by 10% to CHF1.02bn for H1 18 compared to H1 17. Trading income was up by 129% to CHF206m in the same period. Operating income increased by 12% to CHF1.79bn for H1 18 compared to H1 17. Personnel expenses were up by 11% to CHF847m for H1 18. General expenses rose by 3% to CHF320m in H1 18

Good FY2017 figures, outstanding market performance

Reported net profit attributable to shareholders increased by 14% to CHF705m for 2017 compared to 2016. Net interest and dividend income rose by 13% to CHF988m in 2017. Net commission and fee income was up by 23% to CHF1.93bn for 2017. Trading income declined by 9% to CHF304m in the same period. Operating income rose by 14% to CHF3.25bn for 2017 compared to 2016. Personnel expenses were up by 16.5% to CHF1.56bn for 2017 compared to 2016. General expenses rose by 4% to CHF650m in 2017. Operating

Redde

Proposed share-for-share merger with Northgate

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