SES Completes Acquisition of Intelsat, Creating Global Multi-Orbit Connectivity Powerhouse
With a world-class network including approximately 90 geostationary (GEO), nearly 30 medium earth orbit (MEO) satellites, strategic access to low earth orbit (LEO) satellites, and an extensive ground network, SES can now deliver connectivity solutions utilising complementary spectrum bands including C-, Ku-, Ka-, Military Ka-, X-band, and Ultra High Frequency. The expanded capabilities of the combined company will enable it to deliver premium-quality services and tailored solutions to its customers. The company's assets and networks, once fully integrated, will put SES in a strong competitive position to better serve the evolving needs of its customers including governments, aviation, maritime, and media across the globe.
'Today, we're not just merging two companies -- we're creating a stronger company, built for the future. I want to extend a warm welcome to all new employees, customers, and partners,' said Adel Al-Saleh, CEO of SES. 'In this new chapter, we are bringing together a powerful mix of talented people, network infrastructure, spectrum, innovation, and global relationships that will allow us to deliver next-generation connectivity and space-enabled services in smarter and quicker ways.'
The transaction establishes a more robust financial foundation for SES, with pro forma combined revenue of €3.7 billion projected to grow at a low- to mid-single digit CAGR (2024-2028E). The combined company pro forma Adjusted EBITDA of €1.8 billion is expected to grow at mid-single digit CAGR including synergies (2024-2028E), with plans to generate over €1 billion in Adjusted Free Cash Flow by 2027-2028 (pre IRIS 2). This stronger financial profile is supported by a combined contract backlog exceeding €8 billion, providing clear visibility into future revenue streams.
SES plans to maintain disciplined investment in future growth, with annual capital expenditures averaging €600–€650 million from 2025-2028E, excluding the IRIS 2 programme. This will enable the company to continuously strengthen its network and explore emerging growth markets including Internet of Things (IoT), direct-to-device communications, inter-satellite data relay, space situational awareness, and quantum key distribution. The company's profitable growth outlook, strong balance sheet metrics and expanded cash flows will support both continued innovation and increased shareholder returns, with the intent to raise the annual base dividend once targeted net leverage of below 3 times is achieved within 12-18 months after closing.
'Our focus is clear: to grow, to lead in high-potential markets, and to shape the future of our industry. This is a long-term play, and we are building with the future in mind -- growing year after year, expanding our capabilities, and creating lasting value for our customers and shareholders alike,' Al-Saleh said.
By integrating the two organisations, SES expects to deliver synergies with a total net present value of €2.4 billion, representing an annual run rate of approximately €370 million, with 70% of these efficiencies anticipated to be executed within three years after closing. These savings will primarily come from streamlined operations, optimised capacity costs, and procurement efficiencies, along with the strategic integration of satellite fleets and ground infrastructure.
SES remains headquartered in Luxembourg and is publicly listed on the Paris and Luxembourg stock exchanges (Ticker: SESG), while maintaining a significant presence in the United States with its North American main office in McLean, Virginia.
The new SES Senior Leadership Team can be found here.
Guggenheim Securities acted as lead financial advisor to SES. Morgan Stanley & Co. LLC acted as co-financial advisor. Deutsche Bank Securities Inc also acted as a financial advisor. Morgan Stanley and Deutsche Bank AG, Filiale Luxembourg provided committed financing for the transaction, which was subsequently syndicated. Both Guggenheim Securities and Morgan Stanley & Co LLC rendered a fairness opinion to SES's Board of Directors. Gibson, Dunn & Crutcher, Hogan Lovells, Arendt & Medernach, and Freshfields served as legal counsel to SES.
PJT Partners served as financial advisor to Intelsat and rendered a fairness opinion to the Intelsat S.A. Board of Directors. Skadden, Arps, Slate, Meagher & Flom, Wiley Rein, and Elvinger Hoss Prussen served as legal counsel to Intelsat.
More documentation of the transaction can be found in our newsroom.
About SES
At SES, we believe that space has the power to make a difference. That's why we design space solutions that help governments protect, businesses grow, and people stay connected—no matter where they are. With integrated multi-orbit satellites and our global terrestrial network, we deliver resilient, seamless connectivity and the highest quality video content to those shaping what's next. Following our Intelsat acquisition, we now offer more than 100 years of combined global industry leadership—backed by a track record of bringing innovation 'firsts' to market. As a trusted partner to customers and the global space ecosystem, SES is driving impact that goes far beyond coverage.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933. Generally, the word 'will' and similar expressions or their negative, may, but are not necessary to, identify forward-looking statements.
Such forward-looking statements, including those regarding the timing and consummation of the transaction described herein, involve risks and uncertainties. SES's and Intelsat's experience and results may differ materially from the experience and results anticipated in such statements. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions including, but not limited to, the following factors: the risk that the conditions to the closing of the transaction are not satisfied; litigation relating to the transaction; uncertainties as to the timing of the consummation of the transaction and the ability of each party to consummate the transaction; risks that the proposed transaction disrupts the current plans or operations of SES or Intelsat; the ability of SES and Intelsat to retain and hire key personnel; competitive responses to the proposed transaction; unexpected costs, charges or expenses resulting from the transaction; potential adverse reactions or changes to relationships with customers, suppliers, distributors and other business partners resulting from the announcement or completion of the transaction; the combined company's ability to achieve the synergies expected from the transaction, as well as delays, challenges and expenses associated with integrating the combined company's existing businesses; the impact of overall industry and general economic conditions, including inflation, interest rates and related monetary policy by governments in response to inflation; changes in tariffs, import and export control laws and regulations, as well as related guidance; geopolitical events, and regulatory, economic and other risks associated therewith; and continued uncertainty around the macroeconomy. Other factors that might cause such a difference include those discussed in the prospectus on Form F-4 filed in connection with the proposed transaction. The forward-looking statements included in this communication are made only as of the date hereof and, except as required by federal securities laws and rules and regulations of the SEC, SES and Intelsat undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Additional Information and Where to Find It
In connection with the proposed strategic business combination between SES and Intelsat, SES filed with the SEC a registration statement on Form F-4 (SEC File No. 333-286828) that included a prospectus of SES. The registration statement was declared effective by the SEC on May 14, 2025, and the prospectus was mailed or otherwise disseminated to the shareholders of SES and Intelsat. SES also has filed and plans to file other relevant documents with the SEC regarding the proposed transaction. INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders can obtain free copies of the prospectus and other documents filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC will be available free of charge on SES's website at www.ses.com or by contacting SES's Investor Relations Department by email at ir@ses.com. Copies of the documents filed with the SEC by Intelsat will be available free of charge on Intelsat's website at www.intelsat.com or by contacting Intelsat's Investor Relations Department by email at investor.relations@intelsat.com.
This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.
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The Foundation, a client-facing giving platform that supports clients' philanthropic goals through flexible, tax-advantaged giving solutions now provides access to an expanded portfolio of programs across the US in addition to the full portfolio of existing global programs. Clients can support a suite of national-scale programs, sourced and vetted by a team of dedicated philanthropy experts, that advance solutions across education, health, the environment, and emergency response and resilience. The UBS Optimus Foundation continues to expand its US portfolio and now has 15 nonprofit partners on the front lines of the country's most pressing challenges. UBS covers all the administrative costs of the Foundation, ensuring that 100% of each donation received supports the Foundation's programs and mission. UBS will also provide up to a 10% match on client and employee donations to incentivize giving and magnify its impact (subject to availability). Employer of choice among Swiss business students According to Universum's 2025 survey published in June, UBS is the employer of choice among business students in Switzerland. We were the top choice for one in four business students – and for the first time ever, we came first among female business students too. Selected financial information of the business divisions and Group Items Total revenues as reported 6,300 2,336 772 2,966 (82) (180) 12,112 of which: PPA effects and other integration items 1 153 274 152 1 17 596 of which: loss related to an investment in an associate (8) (23) (31) Total revenues (underlying) 6,156 2,085 772 2,815 (83) (198) 11,546 Credit loss expense / (release) 3 114 0 48 (2) 0 163 Operating expenses as reported 5,093 1,528 618 2,361 170 (13) 9,756 of which: integration-related expenses and PPA effects 2 383 240 63 121 252 (4) 1,055 Operating expenses (underlying) 4,710 1,288 555 2,241 (83) (10) 8,701 Operating profit / (loss) before tax as reported 1,204 695 153 557 (250) (167) 2,193 Operating profit / (loss) before tax (underlying) 1,443 684 216 526 1 (188) 2,683 For the quarter ended 31.3.25 USD m Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Non-core and Legacy Group Items Total Total revenues as reported 6,422 2,211 741 3,183 284 (284) 12,557 of which: PPA effects and other integration items 1 165 241 138 30 574 of which: gain related to an investment in an associate 4 11 14 of which: items related to the Swisscard transactions 3 64 64 Total revenues (underlying) 6,253 1,895 741 3,045 284 (314) 11,904 Credit loss expense / (release) 6 53 0 35 7 (1) 100 Operating expenses as reported 5,057 1,551 606 2,427 669 15 10,324 of which: integration-related expenses and PPA effects 2 355 192 73 112 191 3 927 of which: items related to the Swisscard transactions 4 180 180 Operating expenses (underlying) 4,702 1,179 533 2,314 477 12 9,218 Operating profit / (loss) before tax as reported 1,359 607 135 722 (391) (299) 2,132 Operating profit / (loss) before tax (underlying) 1,545 663 208 696 (200) (326) 2,586 For the quarter ended 30.6.24 USD m Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Non-core and Legacy Group Items Total Total revenues as reported 6,053 2,272 768 2,803 401 (392) 11,904 of which: PPA effects and other integration items 1 233 246 310 (8) 780 Total revenues (underlying) 5,820 2,026 768 2,493 401 (384) 11,124 Credit loss expense / (release) (1) 103 0 (6) (1) 0 95 Operating expenses as reported 5,183 1,396 638 2,332 807 (15) 10,340 of which: integration-related expenses and PPA effects 2 523 182 98 245 325 (2) 1,372 Operating expenses (underlying) 4,660 1,213 540 2,087 481 (13) 8,969 Operating profit / (loss) before tax as reported 871 773 130 477 (405) (377) 1,469 Operating profit / (loss) before tax (underlying) 1,161 710 228 412 (80) (371) 2,060 1 Includes accretion of PPA adjustments on financial instruments and other PPA effects, as well as temporary and incremental items directly related to the integration. 2 Includes temporary, incremental operating expenses directly related to the integration, as well as amortization of intangibles resulting from the acquisition of the Credit Suisse Group. 3 Represents the gain related to UBS's share of income recorded by Swisscard for the sale of the Credit Suisse card portfolios to UBS. 4 Represents the expense related to the payment to Swisscard for the sale of the Credit Suisse card portfolios to UBS. Expand Selected financial information of the business divisions and Group Items (continued) Year-to-date 30.6.25 Total revenues as reported 12,722 4,547 1,513 6,149 202 (465) 24,668 of which: PPA effects and other integration items 1 318 514 290 1 47 1,170 of which: gain / (loss) related to an investment in an associate (5) (12) (16) of which: items related to the Swisscard transactions 2 64 64 Total revenues (underlying) 12,408 3,980 1,513 5,860 201 (512) 23,450 Credit loss expense / (release) 9 167 0 83 6 (1) 263 Operating expenses as reported 10,150 3,078 1,224 4,788 838 2 20,080 of which: integration-related expenses and PPA effects 3 739 432 135 233 444 (1) 1,982 of which: items related to the Swisscard transactions 4 180 180 Operating expenses (underlying) 9,411 2,467 1,088 4,555 395 2 17,918 Operating profit / (loss) before tax as reported 2,563 1,302 289 1,279 (642) (465) 4,325 Operating profit / (loss) before tax (underlying) 2,988 1,347 424 1,222 (199) (513) 5,269 Year-to-date 30.6.24 USD m Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Non-core and Legacy Group Items Total Total revenues as reported 12,196 4,695 1,543 5,554 1,402 (747) 24,642 of which: PPA effects and other integration items 1 467 502 603 (12) 1,559 Total revenues (underlying) 11,729 4,193 1,543 4,951 1,402 (735) 23,083 Credit loss expense / (release) (4) 146 0 26 35 (2) 201 Operating expenses as reported 10,228 2,800 1,303 4,496 1,818 (48) 20,597 of which: integration-related expenses and PPA effects 3 928 342 169 387 568 (1) 2,392 Operating expenses (underlying) 9,300 2,458 1,134 4,109 1,250 (47) 18,205 Operating profit / (loss) before tax as reported 1,972 1,748 241 1,032 (451) (698) 3,844 Operating profit / (loss) before tax (underlying) 2,433 1,588 410 816 117 (687) 4,677 1 Includes accretion of PPA adjustments on financial instruments and other PPA effects, as well as temporary and incremental items directly related to the integration. 2 Represents the gain related to UBS's share of income recorded by Swisscard for the sale of the Credit Suisse card portfolios to UBS. 3 Includes temporary, incremental operating expenses directly related to the integration, as well as amortization of intangibles resulting from the acquisition of the Credit Suisse Group. 4 Represents the expense related to the payment to Swisscard for the sale of the Credit Suisse card portfolios to UBS. Expand Our key figures As of or for the quarter ended As of or year-to-date USD m, except where indicated 30.6.25 31.3.25 31.12.24 30.6.24 30.6.25 30.6.24 Group results Total revenues 12,112 12,557 11,635 11,904 24,668 24,642 Credit loss expense / (release) 163 100 229 95 263 201 Operating expenses 9,756 10,324 10,359 10,340 20,080 20,597 Operating profit / (loss) before tax 2,193 2,132 1,047 1,469 4,325 3,844 Net profit / (loss) attributable to shareholders 2,395 1,692 770 1,136 4,087 2,890 Diluted earnings per share (USD) 1 0.72 0.51 0.23 0.34 1.23 0.86 Profitability and growth 2,3 Return on equity (%) 10.9 7.9 3.6 5.4 9.4 6.8 Return on tangible equity (%) 11.8 8.5 3.9 5.9 10.2 7.5 Underlying return on tangible equity (%) 4 13.4 10.0 6.6 8.4 11.7 9.2 Return on common equity tier 1 capital (%) 13.5 9.6 4.2 5.9 11.6 7.5 Underlying return on common equity tier 1 capital (%) 4 15.3 11.3 7.2 8.4 13.3 9.2 Revenues over leverage ratio denominator, gross (%) 3.0 3.3 3.0 3.0 3.1 3.1 Cost / income ratio (%) 80.5 82.2 89.0 86.9 81.4 83.6 Underlying cost / income ratio (%) 4 75.4 77.4 81.9 80.6 76.4 78.9 Effective tax rate (%) (9.5) 20.2 25.6 20.0 5.1 23.6 Net profit growth (%) 110.9 (3.6) n.m. (95.8) 41.4 (89.8) Resources 2 Total assets 1,669,991 1,543,363 1,565,028 1,560,976 1,669,991 1,560,976 Equity attributable to shareholders 89,277 87,185 85,079 83,683 89,277 83,683 Common equity tier 1 capital 5 72,709 69,152 71,367 76,104 72,709 76,104 Risk-weighted assets 5 504,500 483,276 498,538 511,376 504,500 511,376 Common equity tier 1 capital ratio (%) 5 14.4 14.3 14.3 14.9 14.4 14.9 Going concern capital ratio (%) 5 18.2 18.2 17.6 18.0 18.2 18.0 Total loss-absorbing capacity ratio (%) 5 37.9 38.7 37.2 38.7 37.9 38.7 Leverage ratio denominator 5 1,658,089 1,561,583 1,519,477 1,564,201 1,658,089 1,564,201 Common equity tier 1 leverage ratio (%) 5 4.4 4.4 4.7 4.9 4.4 4.9 Liquidity coverage ratio (%) 6 182.3 181.0 188.4 212.0 182.3 212.0 Net stable funding ratio (%) 122.4 124.2 125.5 128.0 122.4 128.0 Other Invested assets (USD bn) 3,7 6,618 6,153 6,087 5,873 6,618 5,873 Personnel (full-time equivalents) 105,132 106,789 108,648 109,991 105,132 109,991 Market capitalization 1,8 113,036 105,173 105,719 101,903 113,036 101,903 Total book value per share (USD) 1 28.17 27.35 26.80 26.13 28.17 26.13 Tangible book value per share (USD) 1 25.95 25.18 24.63 23.85 25.95 23.85 Credit-impaired lending assets as a percentage of total lending assets, gross (%) 3 0.9 1.0 1.0 0.9 0.9 0.9 Cost of credit risk (bps) 3 10 7 15 6 8 6 1 Refer to the 'Share information and earnings per share' section of the UBS Group second quarter 2025 report, available under 'Quarterly reporting' at for more information. 2 Refer to the 'Targets, capital guidance and ambitions' section of the UBS Group Annual Report 2024, available under 'Annual reporting' at and to the 'Recent development' section of the UBS Group second quarter 2025 report, available under 'Quarterly reporting' at for more information about our performance targets. 3 Refer to 'Alternative performance measures' in the appendix to the UBS Group second quarter 2025 report, available under 'Quarterly reporting' at for the relevant definition(s) and calculation method(s). 4 Refer to the 'Group performance' section of the UBS Group second quarter 2025 report, available under 'Quarterly reporting' at for more information about underlying results. 5 Based on the Swiss systemically relevant bank framework. Refer to the 'Capital management' section of the UBS Group second quarter 2025 report, available under 'Quarterly reporting' at for more information. 6 The disclosed ratios represent quarterly averages for the quarters presented and are calculated based on an average of 61 data points in the second quarter of 2025, 62 data points in the first quarter of 2025, 64 data points in the fourth quarter of 2024 and 61 data points in the second quarter of 2024. Refer to the 'Liquidity and funding management' section of the UBS Group second quarter 2025 report, available under 'Quarterly reporting' at for more information. 7 Consists of invested assets for Global Wealth Management, Asset Management (including invested assets from associates) and Personal & Corporate Banking. Refer to 'Note 31 Invested assets and net new money' in the 'Consolidated financial statements' section of the UBS Group Annual Report 2024, available under 'Annual reporting' at for more information. 8 The calculation of market capitalization reflects total shares issued multiplied by the share price at the end of the period. Expand Information about results materials and the earnings call UBS's second quarter 2025 report, news release and slide presentation are available from 06:45 CEST on Wednesday, 30 July 2025, at UBS will hold a presentation of its second quarter 2025 results on Wednesday, 30 July 2025. The results will be presented by Sergio P. Ermotti (Group Chief Executive Officer), Todd Tuckner (Group Chief Financial Officer) and Sarah Mackey (Head of Investor Relations). Time 09:00 CEST 08:00 BST 03:00 US EDT Audio webcast The presentation for analysts can be followed live on with a simultaneous slide show. Webcast playback An audio playback of the results presentation will be made available at later in the day. Cautionary statement regarding forward-looking statements This news release contains statements that constitute 'forward-looking statements', including but not limited to management's outlook for UBS's financial performance, statements relating to the anticipated effect of transactions and strategic initiatives on UBS's business and future development and goals or intentions to achieve climate, sustainability and other social objectives. While these forward-looking statements represent UBS's judgments, expectations and objectives concerning the matters described, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from UBS's expectations. In particular, the global economy may suffer significant adverse effects from increasing political tensions between world powers, changes to international trade policies, including those related to tariffs and trade barriers, and ongoing conflicts in the Middle East, as well as the continuing Russia–Ukraine war. UBS's acquisition of the Credit Suisse Group has materially changed its outlook and strategic direction and introduced new operational challenges. The integration of the Credit Suisse entities into the UBS structure is expected to continue through 2026 and presents significant operational and execution risk, including the risks that UBS may be unable to achieve the cost reductions and business benefits contemplated by the transaction, that it may incur higher costs to execute the integration of Credit Suisse and that the acquired business may have greater risks or liabilities than expected. Following the failure of Credit Suisse, Switzerland is considering significant changes to its capital, resolution and regulatory regime, which, if adopted, would significantly increase our capital requirements or impose other costs on UBS. These factors create greater uncertainty about forward-looking statements. Other factors that may affect UBS's performance and ability to achieve its plans, outlook and other objectives also include, but are not limited to: (i) the degree to which UBS is successful in the execution of its strategic plans, including its cost reduction and efficiency initiatives and its ability to manage its levels of risk-weighted assets (RWA) and leverage ratio denominator (LRD), liquidity coverage ratio and other financial resources, including changes in RWA assets and liabilities arising from higher market volatility and the size of the combined Group; (ii) the degree to which UBS is successful in implementing changes to its businesses to meet changing market, regulatory and other conditions; (iii) inflation and interest rate volatility in major markets; (iv) developments in the macroeconomic climate and in the markets in which UBS operates or to which it is exposed, including movements in securities prices or liquidity, credit spreads, currency exchange rates, residential and commercial real estate markets, general economic conditions, and changes to national trade policies on the financial position or creditworthiness of UBS's clients and counterparties, as well as on client sentiment and levels of activity; (v) changes in the availability of capital and funding, including any adverse changes in UBS's credit spreads and credit ratings of UBS, as well as availability and cost of funding to meet requirements for debt eligible for total loss-absorbing capacity (TLAC); (vi) changes in central bank policies or the implementation of financial legislation and regulation in Switzerland, the US, the UK, the EU and other financial centers that have imposed, or resulted in, or may do so in the future, more stringent or entity-specific capital, TLAC, leverage ratio, net stable funding ratio, liquidity and funding requirements, heightened operational resilience requirements, incremental tax requirements, additional levies, limitations on permitted activities, constraints on remuneration, constraints on transfers of capital and liquidity and sharing of operational costs across the Group or other measures, and the effect these will or would have on UBS's business activities; (vii) UBS's ability to successfully implement resolvability and related regulatory requirements and the potential need to make further changes to the legal structure or booking model of UBS in response to legal and regulatory requirements including heightened requirements and expectations due to its acquisition of the Credit Suisse Group; (viii) UBS's ability to maintain and improve its systems and controls for complying with sanctions in a timely manner and for the detection and prevention of money laundering to meet evolving regulatory requirements and expectations, in particular in the current geopolitical turmoil; (ix) the uncertainty arising from domestic stresses in certain major economies; (x) changes in UBS's competitive position, including whether differences in regulatory capital and other requirements among the major financial centers adversely affect UBS's ability to compete in certain lines of business; (xi) changes in the standards of conduct applicable to its businesses that may result from new regulations or new enforcement of existing standards, including measures to impose new and enhanced duties when interacting with customers and in the execution and handling of customer transactions; (xii) the liability to which UBS may be exposed, or possible constraints or sanctions that regulatory authorities might impose on UBS, due to litigation, contractual claims and regulatory investigations, including the potential for disqualification from certain businesses, potentially large fines or monetary penalties, or the loss of licenses or privileges as a result of regulatory or other governmental sanctions, as well as the effect that litigation, regulatory and similar matters have on the operational risk component of its RWA; (xiii) UBS's ability to retain and attract the employees necessary to generate revenues and to manage, support and control its businesses, which may be affected by competitive factors; (xiv) changes in accounting or tax standards or policies, and determinations or interpretations affecting the recognition of gain or loss, the valuation of goodwill, the recognition of deferred tax assets and other matters; (xv) UBS's ability to implement new technologies and business methods, including digital services, artificial intelligence and other technologies, and ability to successfully compete with both existing and new financial service providers, some of which may not be regulated to the same extent; (xvi) limitations on the effectiveness of UBS's internal processes for risk management, risk control, measurement and modeling, and of financial models generally; (xvii) the occurrence of operational failures, such as fraud, misconduct, unauthorized trading, financial crime, cyberattacks, data leakage and systems failures, the risk of which is increased with persistently high levels of cyberattack threats; (xviii) restrictions on the ability of UBS Group AG, UBS AG and regulated subsidiaries of UBS AG to make payments or distributions, including due to restrictions on the ability of its subsidiaries to make loans or distributions, directly or indirectly, or, in the case of financial difficulties, due to the exercise by FINMA or the regulators of UBS's operations in other countries of their broad statutory powers in relation to protective measures, restructuring and liquidation proceedings; (xix) the degree to which changes in regulation, capital or legal structure, financial results or other factors may affect UBS's ability to maintain its stated capital return objective; (xx) uncertainty over the scope of actions that may be required by UBS, governments and others for UBS to achieve goals relating to climate, environmental and social matters, as well as the evolving nature of underlying science and industry and the increasing divergence among regulatory regimes; (xxi) the ability of UBS to access capital markets; (xxii) the ability of UBS to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, conflict, pandemic, security breach, cyberattack, power loss, telecommunications failure or other natural or man-made event; and (xxiii) the effect that these or other factors or unanticipated events, including media reports and speculations, may have on its reputation and the additional consequences that this may have on its business and performance. The sequence in which the factors above are presented is not indicative of their likelihood of occurrence or the potential magnitude of their consequences. UBS's business and financial performance could be affected by other factors identified in its past and future filings and reports, including those filed with the US Securities and Exchange Commission (the SEC). More detailed information about those factors is set forth in documents furnished by UBS and filings made by UBS with the SEC, including the UBS Group AG and UBS AG Annual Reports on Form 20-F for the year ended 31 December 2024. UBS is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise. Rounding Numbers presented throughout this news release may not add up precisely to the totals provided in the tables and text. Percentages and percent changes disclosed in text and tables are calculated on the basis of unrounded figures. Absolute changes between reporting periods disclosed in the text, which can be derived from numbers presented in related tables, are calculated on a rounded basis. Tables Within tables, blank fields generally indicate non-applicability or that presentation of any content would not be meaningful, or that information is not available as of the relevant date or for the relevant period. Zero values generally indicate that the respective figure is zero on an actual or rounded basis. Values that are zero on a rounded basis can be either negative or positive on an actual basis. Websites In this news release, any website addresses are provided solely for information and are not intended to be active links. UBS is not incorporating the contents of any such websites into this news release.
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Faraday Future to Present at the J.P. Morgan Auto Investor Conference in New York on August 12, 2025
Speaker Jerry Wang, Global President of Faraday Future, to deliver main stage presentation and investor Q&A. LOS ANGELES, July 30, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or "Company"), a California-based global shared intelligent electric mobility ecosystem company, announced today that its Global President, Jerry Wang, will participate in the upcoming J.P. Morgan Auto Conference, taking place Tuesday, August 12 through Wednesday, August 13, 2025, in New York City. Jerry Wang is scheduled to present on Tuesday, August 12, 2025, at 4:50 PM ET, and will provide an update on the Company's strategic roadmap, including progress across its AI-driven mobility initiatives, key product developments such as the recently launched FX Super One, and priorities for the remainder of 2025. The presentation will be followed by a Q&A session with investors. A live webcast of the presentation will be available; access details will be shared on the Company's investor relations website closer to the event. A replay of the webcast will also be posted to the website following the conclusion of the conference. Participation in the J.P. Morgan Auto Conference reflects Faraday Future's ongoing engagement with the investment community and underscores its commitment to transparency, innovation, and long-term value creation. "We look forward to participating in the J.P. Morgan Auto Conference and introducing the FF and FX brands to a highly engaged audience of investors and industry leaders," said Jerry Wang, Global President of Faraday Future. "This conference provides an important platform to deepen our investor dialogue, reinforce our 'Stockholders First' philosophy, and showcase the innovation and execution behind our recent milestones. As we continue building momentum, we remain focused on delivering sustainable growth, creating long-term value for our stockholders, and advancing the strategic priorities that lie ahead." ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF 91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit FORWARD LOOKING STATEMENTS This press release includes "forward looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "plans," "desire," "believes," "seeks," "may," "will," "should," and "future," variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding production capacity expansion, the FX brand, the Super One MPV, future FX models, future FX reservations, expansion into new states and markets, and production and sales goals, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
