#14Q22 and Full Year 2022 Results Analyst and Investor Call Ulrich Körner Dixit Joshi February 9, 2023 Chief Executive Officer Chief Financial Officer CREDIT SUISSE#2Disclaimer (1/2) Credit Suisse has not finalized restated historical information according to its new divisional structure and Credit Suisse's independent registered public accounting firm has not reviewed such information. Accordingly, the preliminary information contained in this presentation is subject to completion of ongoing procedures, which may result in changes to that information, and you should not place undue reliance on this preliminary information. Credit Suisse has not finalized its 2022 Annual Report and Credit Suisse's independent registered public accounting firm has not completed its audit of the consolidated financial statements for the period. Accordingly, the financial information contained in this document is subject to completion of year-end procedures, which may result in changes to that information. This material does not purport to contain all of the information that you may wish consider. This material is not to be relied upon as such or used in substitution for the exercise of independent judgment. Please also refer to our 4022 Earnings Release for additional information. Cautionary statement regarding forward-looking statements This document contains forward-looking statements that involve inherent risks and uncertainties, and we might not be able to achieve the predictions, forecasts, projections and other outcomes we describe or imply in forward-looking statements. A number of important factors could cause results to differ materially from the plans, targets, goals, expectations, estimates and intentions we express in these forward-looking statements, including those we identify in "Risk factors" in our Annual Report on Form 20-F for the fiscal year ended December 31, 2021, in "Credit Suisse - Risk factor" in our 3022 Financial Report published on November 2, 2022 and in the "Cautionary statement regarding forward-looking information" in our 4022 Earnings Release published on February 9, 2023 and submitted to the US Securities and Exchange Commission, and in other public filings and press releases. We do not intend to update these forward-looking statements. In particular, the terms “Estimate", "Illustrative", "Ambition", "Objective", "Outlook", "Goal", "Commitment" and "Aspiration" are not intended to be viewed as targets or projections, nor are they considered to be Key Performance Indicators. All such estimates, illustrations, ambitions, objectives, outlooks, goals, commitments and aspirations, as well as any other forward-looking statements described as targets or projections, are subject to a large number of inherent risks, assumptions and uncertainties, many of which are completely outside of our control. These risks, assumptions and uncertainties include, but are not limited to, general market conditions, market volatility, increased inflation, interest rate volatility and levels, global and regional economic conditions, challenges and uncertainties resulting from Russia's invasion of Ukraine, political uncertainty, changes in tax policies, scientific or technological developments, evolving sustainability strategies, changes in the nature or scope of our operations, including as a result of our recently announced strategy initiatives, changes in carbon markets, regulatory changes, changes in levels of client activity as a result of any of the foregoing and other factors. Accordingly, these statements, which speak only as of the date made, are not guarantees of future performance and should not be relied on for any purpose. We do not intend to update these estimates, illustrations, ambitions, objectives, outlooks, goals, commitments, aspirations targets, projections or any other forward-looking statements. For these reasons, we caution you not to place undue reliance upon any forward-looking statements. Unless otherwise noted, all such estimates, illustrations, expectations, ambitions, objectives, outlooks, goals, commitments and aspirations are for the full year indicated or as of the end of the year indicated, as applicable. We may not achieve the benefits of our strategic initiatives We may not achieve all of the expected benefits of our strategic initiatives, such as in relation to intended reshaping of the bank, cost reductions and strengthening and reallocating capital. Factors beyond our control, including but not limited to the market and economic conditions (including macroeconomic and other challenges and uncertainties, for example, resulting from Russia's invasion of Ukraine), customer reaction to our proposed initiatives, enhanced risks to our business during the contemplated transitions, changes in laws, rules or regulations and other challenges discussed in our public filings, could limit our ability to achieve some or all of the expected benefits of these initiatives. Our ability to implement our strategy objectives could also be impacted by timing risks, obtaining all required approvals and other factors. Estimates and assumptions In preparing this document, management has made estimates and assumptions that affect the numbers presented. Actual results may differ. Annualized numbers do not take into account variations in operating results, seasonality and other factors and may not be indicative of actual, full-year results. Figures throughout this document may also be subject to rounding adjustments. All opinions and views constitute good faith judgments as of the date of writing without regard to the date on which the reader may receive or access the information. This information is subject to change at any time without notice and we do not intend to update this information. 2 CREDIT SUISSE#3Disclaimer (2/2) Cautionary statements relating to interim financial information This document contains certain unaudited interim financial information for the first quarter of 2023. This information has been derived from management accounts, is preliminary in nature, does not reflect the complete results of the first quarter of 2023 and is subject to change, including as a result of any normal quarterly adjustments in relation to the financial statements for the first quarter of 2023. This information has not been subject to any review by our independent registered public accounting firm. There can be no assurance that the final results for these periods will not differ from these preliminary results, and any such differences could be material. Quarterly financial results for the first quarter of 2023 will be included in our 1023 Financial Report. These interim results of operations are not necessarily indicative of the results to be achieved for the remainder of the first quarter of 2023. Statement regarding non-GAAP financial measures This document contains non-GAAP financial measures, including results excluding certain items included in our reported results as well as return on regulatory capital and return on tangible equity and tangible book value per share (which are both based on tangible shareholders' equity). Further details and information needed to reconcile such non-GAAP financial measures to the most directly comparable measures under US GAAP can be found in the Appendix as well as in the 4022 Earnings Release, which is available on our website at www.credit-suisse.com. Our estimates, ambitions, objectives, aspirations and targets often include metrics that are non-GAAP financial measures and are unaudited. A reconciliation of the estimates, ambitions, objectives, aspirations and targets to the nearest GAAP measures is unavailable without unreasonable efforts. Results excluding certain items included in our reported results do not include items such as goodwill impairment, major litigation provisions, real estate gains, impacts from foreign exchange and other revenue and expense items included in our reported results, all of which are unavailable on a prospective basis. Return on tangible equity is based on tangible shareholders' equity, a non-GAAP financial measure also known as tangible book value, which is calculated by deducting goodwill and other intangible assets from total shareholders' equity as presented in our balance sheet, both of which are unavailable on a prospective basis. Such estimates, ambitions, objectives, aspirations and targets are calculated in a manner that is consistent with the accounting policies applied by us in preparing our financial statements. Statement regarding capital, liquidity and leverage Credit Suisse is subject to the Basel framework, as implemented in Switzerland, as well as Swiss legislation and regulations for systemically important banks, which include capital, liquidity, leverage and large exposure requirements and rules for emergency plans designed to maintain systemically relevant functions in the event of threatened insolvency. Credit Suisse has adopted the Bank for International Settlements (BIS) leverage ratio framework, as issued by the Basel Committee on Banking Supervision (BCBS) and implemented in Switzerland by the Swiss Financial Market Supervisory Authority FINMA. Unless otherwise noted, leverage exposure is based on the BIS leverage ratio framework and consists of period-end balance sheet assets and prescribed regulatory adjustments. The tier 1 leverage ratio and CET1 leverage ratio are calculated as BIS tier 1 capital and CET1 capital, respectively, divided by period-end leverage exposure. Sources Certain material in this document has been prepared by Credit Suisse on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. Credit Suisse has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information. 3 CREDIT SUISSE#4Disciplined strategic execution with accelerated de-risking and deleveraging 4 4022 Financial Performance in line with guidance Strategy execution ahead of schedule Clear strategic priorities for 2023 2024 > Reported pre-tax loss of CHF 1.3 bn; adjusted pre-tax loss of CHF 1.0 bn > CET1 ratio of 14.1% and Tier 1 leverage ratio of 7.7%; successful execution of CHF ~4 bn of capital raises ➤ Board will propose a dividend of CHF 0.05 per share for 2022; subject to AGM approval ► Delivered accelerated deleveraging of Non-Core Unit and Securitized Products > Progressed sale of Securitized Products to Apollo¹ – on track to complete in 1H23 - ➤ Advancing carve out of CS First Boston with acquisition of the investment banking business of M. Klein & Company to strengthen advisory capabilities Initiated cost actions which represent ~80% of targeted CHF ~1.2 bn cost base reduction in 2023, with further initiatives underway Transform into new Credit Suisse centered around Wealth Management and Swiss Bank - complemented by strong Asset Management and Markets capabilities ➤ Progress towards carve out of an independent CS First Boston > Accelerate deleveraging and de-risking actions in Non-Core Unit > Simplify organization and exit non-core businesses to improve efficiency and reduce costs > Strengthen business momentum in 2023 and beyond Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Refers to the sale of significant part of the Securitized Products Group (SPG) and other related financing businesses to entities and funds managed by affiliates of Apollo Global Management CREDIT SUISSE#54Q22 net loss impacted by Investment Bank performance and lower client activity 4Q22 net results analysis in CHF mn 5 Adjusted pre-tax income/(loss) Adjustments Wealth Management Swiss Bank Asset Management Investment Bank (USD mn) Corporate Center Group adjusted pre-tax loss Real estate gains Allfunds Restructuring expenses Other adjustments¹ Group reported pre-tax loss Income tax expense Net loss attributable to non-controlling interests Net loss attributable to shareholders (1,259) (1,315) (1,393) (1,015) (352) (155) (15) (77) (62) (82) 4 104 259 191 Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Revaluation losses related to our investment in SIX of CHF 20 mn, major litigation provision of CHF 34 mn and Archegos expenses of CHF 8 mn CREDIT SUISSE#6Strategic transformation into new Credit Suisse is well underway Strengthening business momentum in 2023 and beyond 6 Delivering on strategic priorities Restructure the Investment Bank Strengthen and reallocate capital Accelerate cost transformation CREDIT SUISSE Capitalize on the core strengths of our Wealth Management franchise and reinvigorate growth; reinforce Swiss Bank's leading position as a universal bank Leverage our competitive and differentiated capabilities in Asset Management and Markets to complement the core Release capital from Capital Release Unit wind-down and carve out CS First Boston as an independent Capital Markets and Advisory business Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. CREDIT SUISSE#7Driving strategic change at pace Strategic priorities 7 Restructure the Investment Bank Strengthen and reallocate capital Accelerate cost transformation Progress update since 3Q22 ▪ Securitized Products: Achieved ~2/3rd of targeted asset reduction since 3Q22, or USD ~35 bn reduction out of USD ~55 bn in total ▪ Non-Core Unit: Reduced RWA and leverage exposure by USD ~5 bn and USD ~15 bn¹, respectively in 4Q22 through proactive deleveraging and de-risking against a quarterly run rate target of USD ~2 bn and USD ~8 bn ▪ CS First Boston: Completed acquisition of the investment banking business of M. Klein & Company to strengthen advisory capabilities ■ I Completed capital raises of CHF ~4.0 bn, enabling strong CET1 ratio of 14.1% vs. target of at least 13.0% through transformation period² Completed debt issuances of CHF ~10 bn since October 27th, 2022; reduced funding needs over time as a result of the strategic transformation Progressed Securitized Products transaction to deliver further CET1 capital accretion; on track to complete in 1H23 ▪ Initiated cost actions which represent ~80% of targeted CHF ~1.2 bn cost base reduction to be achieved in 2023 > Achieved reduction in number of employees of ~4% in 4Q22³ ➤ Reduced contractor headcount by ~30%; reduced consultant headcount by ~20% in 4Q22 ➤ Further operational transformation initiatives underway Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. Based on RWAs excluding Basel III reforms. Historical information presented according to the new divisional structure is a preliminary estimate based on management accounts and subject to change 1 Excluding the impact from reductions in HQLA allocations 2 From 2023 through 2025 3 FTE reduction includes notified reductions in workforce who were on the payroll as of end of 3022 and 4Q22 CREDIT SUISSE#8Substantial progress on deleveraging and de-risking Securitized Products and Non-Core Unit 8 Securitized Products assets in USD bn Sep 30th, 2022 Non-Core Unit RWAS Illustrative in USD bn ~5 ~74 4Q22 De-risking activity ~2 Target run rate per quarter ~(35) Asset reduction ¹ ~15 ~39 Non-Core Unit leverage exposure Illustrative in USD bn 4Q22 De-risking activity³ Feb YTD 2023 8~ Target run rate per quarter 2/3rd of targeted reduction in Securitized Products ▪ Achieved USD ~35 bn SPG asset reduction since 3Q22, or ~2/3rd of targeted reduction ▪ First closing of the Apollo deal completed: recognition of full pre-tax gain of USD ~0.8 bn representing CET1 ratio benefit of ~30 bps to be booked in 1Q23; full deal completion expected in 1H23² ▪ Transactions to reduce liquidity requirements, RWA, leverage exposure and other risk metrics ▪ Accelerated de-risking activity and run down resulted in RWA reduction of USD ~5 bn and leverage exposure reduction of USD ~15 bn in Non-Core Unit in 4Q22 Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. Historical information presented according to the new divisional structure is a preliminary estimate based on management accounts and subject to change 1 Driven by the first tranche of Apollo deal, together with recently completed sales of other portfolio assets to Apollo and other third parties and certain business reductions 2 Subject to regulatory approvals 3 Excluding the impact from reductions in HQLA allocations CREDIT SUISSE#9Transformation to CS First Boston: creating significant value for Credit Suisse shareholders An advisory led partnership model ▪ Global independent, capital markets and advisory led business with distinctive capabilities and unique market position ▪ Global model headquartered in the US with leadership positions in Europe and Asia and selected Emerging Markets presence ■ History of innovation and market leadership leveraging intellectual capital and years of experience of core teams from First Boston and DLJ 9 Entrepreneurial talent-centric partnership owned by Credit Suisse, strategic investors, and senior leadership with performance-based compensation model Mutually valuable partnership between Credit Suisse Wealth Management, Swiss Bank and Markets, and CS First Boston 1023 M. Klein & Company acquisition Business design and scope Risk-weighted assets In USD bn; illustrative 45-50 Credit Suisse IBCM¹ 21 Credit Suisse IBCM¹ CS First Boston 3Q22 Leverage exposure In USD bn; illustrative ~100 75 ~20 CS First Boston ambition 2023-2024 <50 CS First Boston CS First Boston 3Q22 ambition USD >2.5 bn CS First Boston revenues (illustrative²) Readiness for IPO or spin-off by end-2024 (market dependent) Progress to Date Right-sized business model to reduce capital needs and release low-returning capital. ✓ Business model to incorporate leading Private Fund Group to maximize client franchise Reduced headcount by ~20% in 4Q22 Defined founding partner equity plan to create "owner" mindset across senior leadership and enabling high- impact recruiting ✓ Announced acquisition of the investment banking business of M. Klein & Company, a leading strategic advisory boutique 2025 and beyond CS First Boston operates as an independent business while retaining strong relationship with Credit Suisse Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Based on 2018-21 average 2 Expectation under normalized market conditions CREDIT SUISSE#10CS First Boston's capabilities enhanced by the acquisition of the investment banking business of M. Klein & Company ■ ■ ■ ■ ■ 10 Strategic Rationale M. Klein & Company¹ is a leading boutique investment bank and has advised on USD 1.5 trn of transactions since its formation in 2010 Trusted, independent advisor and capital markets partner to companies, executives, boards and sovereigns, delivering focused value creation services across the strategy spectrum Advised on some of the largest and most complex transactions over the last decade across M&A, activism and capital markets Integrated leadership teams that have worked together for decades across both advisory and principal investing roles The transaction and relationship adds significant revenue opportunities for Credit Suisse, through M. Klein & Company's ability to leverage Credit Suisse's capital markets and financing capabilities for its preeminent clients, while accelerating the path to establish CS First Boston Financial Impact Purchase price of USD 175 mn, whereby the seller will receive equity in CS First Boston in the form of a convertible note² To create further alignment with Credit Suisse, the seller will also receive a warrant³; the convertible note will convert into, and the warrant entitles the seller to subscribe to, CS First Boston shares Transaction expected to be earnings accretive with single-digit price-to-earnings multiple paid; anticipated CET1 ratio impact will be less than 10 bps Illustrative Transactions4 Aramco IPO Advisory: USD 1.9 trn market value; USD 29 bn raised Dow DuPont Merger: USD 130 bn Barrick Gold Randgold Resources Merger: USD 18 bn Public Investment Blackstone Fund5 Group Investment Vehicle: USD 40 bn Glencore Xstrata Merger: USD 80 bn Unilever Kraft Heinz Hostile Bid Defense: USD 143 bn Note: Closing subject to regulatory approvals 1 The Klein Group (doing business as M. Klein & Company) is the entity being acquired by Credit Suisse. The Klein Group LLC is the registered broker-dealer business of M. Klein & Company LLC, a leading boutique investment bank 2 The principal amount of the convertible note is expected to be USD 100 mn, with the balance being paid in cash dependent on the tax consideration to be paid by the seller at closing 3 The purchase price of USD 175 mn, together with annual payments on the note and other consideration, have a net present value of approximately USD 210 mn 5 Public Investment Fund of Saudi Arabia 4 Illustrative Transactions of M. Klein & Company IHS T. Rowe Price Markit Merger: USD 13 bn Oak Hill Advisors Merger: USD 4 bn CREDIT SUISSE#11Significant progress on cost transformation already achieved in 4Q22 11 Group cost base targets in CHF bn ~17.0 Excluding impact of SP transaction and other divestments ~16.5-17.0 III H 2022 guidance at 4Q21 2022 guidance at 2Q22 Full-time employees in '000s including notified reductions in workforce¹ 16.2 FY22¹ 50 49 ~ (1.2) ↓ 15.8 2023 target ~ (2.5) ~14.5 2025 target 43 Decisive actions executed in 4Q22 ➤ Achieved reduction in number of employees of ~4% in 4Q22² ➤ Reduced contractor headcount by ~30% ➤ Reduced consultant headcount by ~20% ➤ Reshaped Investment Bank delivered a ~13% headcount reduction 2023 priorities Maintain strong expense discipline and deliver CHF ~1.2 bn cost base reduction, of which actions already initiated represent ~80% of 2023 target Step change reduction in third-party costs including professional services, legal services, and real estate footprint > Exit non-core businesses and continue descoping to improve efficiency and reduce costs > Simplify organizational design and structure to achieve headcount saves and reduced complexity ➤ Operational efficiency measures including improved front to back processes and corporate functions aligned to new Credit Suisse footprint Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Adjusted operating expenses FY22 2 FTE reduction includes notified reductions in workforce who were on the payroll as of end of 3022 and 4022 CREDIT SUISSE#12Our roadmap to create the new Credit Suisse 12 4022 Re-shape portfolio, strengthen capital, execute cost reduction ➤ Significant deleveraging of CRU > Strengthened CET1 ratio of 14.1% > Accelerated cost transformation 2023-24 Transform into new Credit Suisse and CS First Boston and improve cost efficiency ➤ Reinvigorate growth of core franchises centered around Wealth Management and Swiss Bank complemented by strong Asset Management and Markets capabilities ➤ Carve out an independent CS First Boston ► Deliver CHF ~1.2 bn cost base reduction by 2023 Restore trust with all stakeholders 2025 onwards Deliver sustainable returns and grow core business Deliver simple, more focused and stable new Credit Suisse ► Deliver CHF ~2.5 bn cost base reduction by 2025 Create sustainable value for shareholders Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. CREDIT SUISSE#13Detailed Financials CREDIT SUISSE#14Group Overview Rev. PCL/Costs Profitability Balance Sheet 14 Credit Suisse Group in CHF mn Net revenues Adjusted net revenues Provision for credit losses Adjusted provision for credit losses Operating expenses Adjusted operating expenses Pre-tax income/(loss) Adjusted pre-tax income/(loss) Income tax expense Net income/(loss) attributable to shareholders Return on tangible equity+ Cost/income ratio CET1 ratio Risk-weighted assets in CHF bn Leverage exposure in CHF bn Liquidity coverage ratio¹ 4Q22 3Q22 3,060 2,964 41 41 4,334 3,938 (1,315) (1,015) 82 14.1% 251 651 144% 4Q21 A 4021 21 21 3,804 4,582 (33)% 14,921 3,798 4,384 (32)% 15,164 (20) (15) 4,125 6,266 3,869 4,071 (342) (1,664) (92) 3,698 328 416 (1,393) (4,034) (2,085) (13.5) % (38.3)% (20.9)% 142% 108% 137% 203% 2022 n/m 12.6% 14.4% 274 268 (6)% 837 889 (27)% 192% 16 4,205 171 (102) 18,163 19,091 (31)% (3)% 16,242 16,047 2021 A 2021 n/m (3,258) (600) (1,249) 6,599 4,048 1,026 n/m (7,293) (1,650) (17.6)% (4.2)% 122% 84% 22,696 (34)% 22,544 (33)% 14.1% 251 651 14.4% 268 889 (5)% 1% n/m n/m n/m (6) % (27)% Reported pre-tax loss ▪of CHF 1,315 mn driven by losses in the Investment Bank and Wealth Management divisions ▪ included CHF 191 mn real estate gains, CHF 77 mn loss related to the disposal of the stake in Allfunds Group plc, CHF 352 mn restructuring expenses and CHF 34 mn major litigation provisions Adjusted net revenues ▪ down 32% YoY, driven by reduced client activity across our divisions ■ reflecting substantially lower Sales & Trading revenues impacted by our strategic actions, accelerated deleveraging as well as the industry-wide slowdown in capital markets and advisory in the Investment Bank ▪ lower recurring revenues in Wealth Management and Swiss Bank from net assets and deposit outflows Adjusted operating expenses ▪ stable YoY; actions already mandated in 4Q22 represent 80% of the CHF ~1.2 bn cost savings target for 2023 Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Calculated using a three-month average, which is calculated on a daily basis CREDIT SUISSE#15Assets under management impacted by idiosyncratic events in October 2022 Wealth Management AuM in CHF bn 15 635 3Q22 Swiss Bank AuM in CHF bn 527 3Q22 411 12 Market moves 3Q22 10 Asset Management AuM in CHF bn Market moves 10 Market moves (93) NNA (8) NNA (12) NNA (15) FX impact & other¹ (3) FX impact & other¹ (7) FX impact & other¹ 540 4Q22 526 4Q22 402 4Q22 Group AuM² of CHF 1,294 bn ▪ down ~8% vs. 3Q22, driven by net asset outflows and adverse FX impact, partly offset by positive market moves Group net asset outflows of CHF 111 bn ▪ 8% of 3Q22 AuM, with ~2/3rd of 4Q22 net asset outflows concentrated in October 2022 ■ Deposit outflows contributed to ~60% of Wealth Management and Swiss Bank net asset outflows Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Structural effects, including certain de-risking measures 2 Includes CHF (175) bn of assets managed across businesses CREDIT SUISSE#16Wealth Management 4022 pre-tax loss driven by lower revenues, mainly reflecting client asset outflows, and higher costs 4Q22 3Q22 4Q21 A 4Q21 2022 2021 Δ 2021 Revenues PCL/ Costs Profitability AuM Balance Sheet in CHF mn 16 Net interest income Recurring commissions and fees Transaction-based Adjusted net revenues Adjusted provision for credit losses Adjusted total operating expenses Adjusted pre-tax income Reported pre-tax income Adjusted RoRC+ Reported RoRC+ Adjusted cost/income ratio Adjusted net margin in bps Assets under management in CHF bn Net new assets in CHF bn Net loans in CHF bn Risk-weighted assets in CHF bn Leverage exposure in CHF bn 416 360 331 1,107 (11) 1,273 1,270 (155) (199) (6)% (7)% 115% (11) 540 (92.7) 615 382 357 1,355 78 55 179 7 78 21 3% 1% 94% 5 502 (17)% 432 (17)% 413 (20)% 1,345 (18)% 89 63 231 (7) 1,214 138 157 4% 5% 90% 7 635 743 (6.4) (2.9) 5% n/m n/m (18) (27)% 103 60 (24)% (9)% 233 (23)% 2,103 1,570 1,744 5,412 5,154 249 (631) 2% (5)% 95% 4 540 (95.7) 78 55 179 2,110 1,813 2,481 6,400 4,616 1,784 2,307 14% 18% 72% 24 743 10.5 103 60 233 (13)% (30) % (15)% 12% (86) % n/m (20) (27)% (24)% (9)% (23)% Adjusted net revenues down 18% vs. 4Q21 ▪ Net interest income down 17%, mainly reflecting lower deposit and loan volumes and higher funding costs, partly offset by higher deposit margins Recurring commissions and fees decline 17% reflecting lower average AuM ▪ Transaction-based revenues down 20% due to subdued client activity and mark-to-market losses in APAC Financing of CHF 31 mn¹ Adjusted operating expenses up 5% vs. 4Q21 mainly due to higher general and administrative expenses reflecting higher allocated corporate function costs; actions undertaken in 4Q22 to reduce costs into 2023 Adjusted pre-tax loss of CHF 155 mn Reported pre-tax loss of CHF 199 mn included a real estate sale gain of CHF 122 mn, a loss related to the equity investments in Allfunds Group and SIX Group of CHF 77 mn and 10 mn, respectively, and restructuring expenses of CHF 73 mn Net assets outflows of CHF 92.7 bn ~2/3rd of 4Q22 net asset outflows in October, with ~60% of NNA outflows in the quarter driven by deposit outflows RMS Number of relationship managers 1,790 1,880 1,890 (5)% 1,790 1,890 (5)% Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 4Q22 mark-to-market losses of CHF 31 mn (net of CHF (17) mn of hedges); 4021 included mark-to-market losses of CHF (0) mn (including CHF 9 mn of hedges) CREDIT SUISSE#17Swiss Bank Resilient 4Q22 negatively impacted by normalizing provisions and compensation expenses A 4Q21 2022 2021 A 2021 Revenues PCL/ Costs Profitability AuM Balance Sheet RMS 17 in CHF mn Net interest income Recurring commissions and fees Transaction-based Adjusted net revenues¹ Adjusted provision for credit losses Adjusted total operating expenses Adjusted pre-tax income Reported pre-tax income Adjusted RoRC+ Reported RORC+ Adjusted cost/income ratio Adjusted net margin in bps Assets under management in CHF bn Net new assets in CHF bn Net loans in CHF bn Risk-weighted assets in CHF bn Leverage exposure in CHF bn 4Q22 523 300 113 931 28 644 259 289 8% 9% 69% 20 526 (8.3) 158 69 220 3Q22 4Q21 525 323 121 956 21 552 383 383 12% 12% 58% 28 527 (1.5) 161 71 240 587 (11)% 2,219 2,345 332 (10)% 1,293 1,302 508 561 3,956 4,138 138 (18)% 1,039 (10)% (4) 605 6% 438 (41)% 607 (52)% 13% 18% 58% 30 (10) 598 (12)% 1.0 (2)% 161 69 248 (11)% 90 2,437 1,429 1,545 11% 12% 62% 26 526 (5.4) 158 69 220 2,379 30 1,755 (19)% 1,918 (19)% 13% 14% 57% 598 5.9 161 69 248 (5)% (1)% (9)% (4)% 2% 1,630 (4) (12)% (2)% (11)% Adjusted net revenues down 10% vs. 4021 Net interest income down 11%; higher deposit income offset by decreased income from loans and lower SNB threshold benefits from the SNB increase of interest rates; 4Q22 net interest income stable sequentially ■ ■ ■ Recurring commissions and fees decline 10% reflecting lower average AuM Transaction-based revenues down 18% driven by equity investments²; excluding those, transaction-based revenues down 8% due to lower client activity Adjusted operating expenses up 6% vs. 4021 driven by increased compensation expenses mainly reflecting higher deferral of compensation in 4Q21; 2022 full-year compensation expenses stable compared to 2021 Adjusted pre-tax income down 41% vs. 4Q21 reflecting lower net revenues, higher operating expenses and normalizing provision for credit losses at 7 bps of our net loans ■ Assets under management down 12% YoY ▪ Lower assets under management mainly driven by declining markets NNA of CHF (8.3) bn driven by outflows in private clients 1,670 1,660 1,630 2% 1,670 2% Number of relationship managers Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Includes other revenues of CHF (5) mn in 4Q22, CHF (13) mn in 3Q22, CHF (18) mn in 4021, CREDIT SUISSE CHF (64) mn in 2022 and CHF (70) mn in 2021 2 Gain/(loss) on equity investments of CHF (8) mn in 4Q22 and CHF 6 mn in 4Q21#18Asset Management Pre-tax income and NNA negatively affected by the challenging macro environment Revenues PCL/ Costs Profitability AuM Balance sheet 18 in CHF mn Management fees Perf., transaction & placement rev. Investment and partnership income¹ Adjusted net revenues Adjusted provision for credit losses Adjusted total operating expenses Adjusted pre-tax income Reported pre-tax income Adjusted RoRC+ Reported RoRC+ Adjusted cost/income ratio Assets under management in CHF bn Net new assets in CHF bn Risk-weighted assets in CHF bn Leverage exposure in CHF bn 4Q22 231 30 25 286 1 300 (15) (27) (7)% (13)% 105% 402 (11.7) 2 3Q22 4Q21 A 4Q21 2022 2021 A 2021 250 33 53 346 (1) 243 104 90 49% 43% 70% 411 (4.2) 3 286 (19)% 1,011 94 (68)% 114 19 32% 177 399 (28)% 1,302 (2) 308 93 93 45% 45% 77% 477 4.7 8 (3)% n/m n/m (16) % (1)% 3 (9)% 2 1,129 171 146 20% 17% 87% 402 (22.6) 8 340 (66)% 144 23% 1,621 (20)% 1,137 (11)% Adjusted net revenues down 28% vs. 4Q21 due to lower performance, transactions & placement revenues, reflecting substantially reduced placement fees and investment related losses, and lower management fees, primarily driven by a 16% decline in AuM 1,142 479 362 52% 39% 70% 477 14.6 8 3 (1)% (64)% (60)% (16)% (1)% (9)% Adjusted operating expenses down 3% vs. 4Q21 primarily driven by lower expenses related to the supply chain finance funds matter and reduced commission expenses partly offset by higher compensation and benefits Pre-tax loss of CHF 15 mn mainly reflecting declining net revenue levels AuM down 16% YoY or CHF 74 bn, of which CHF 50 bn is due to market and FX effects Net asset outflows of CHF 11.7 bn across traditional investments, in particular multi-asset, index solutions and fixed income, alternative investments, in particular credit, and investments and partnerships Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Excludes real estate gains of CHF 2 mn in 2022, impairment on York Capital Management of CHF 10 mn in 2022 and CHF 113 mn in 2021 CREDIT SUISSE#19Investment Bank Pre-tax loss driven by impact of strategic actions and continued challenging market conditions Revenues PCL/ Costs Profitability Balance sheet in USD mn Fixed income sales & trading Equity sales & trading Capital markets Advisory and other fees Other¹ Adjusted net revenues Adjusted provision for credit losses Adjusted total operating expenses Adjusted pre-tax income/(loss) Reported pre-tax income/(loss) Adjusted RORC+ Reported RoRC+ Adjusted cost/income ratio Risk-weighted assets in USD bn Leverage exposure in USD bn 4Q22 81 15 200 175 (6) 465 24 80 3Q22 229 558 248 99 232 (1) 1,136 (6) 1,782 1,700 2,007 (1,259) (640) (184) (1,524) (691) (2,174) (33)% (15)% (4)% (40)% (16)% (45)% 110% 366% 157% 84 4Q21 A 4Q21 324 504 (84)% 403 (96)% 585 (66)% (47)% (3) n/m 1,820 (74)% 331 (15)% n/m n/m 92 (13)% 380 (40)% 2022 2,063 1,150 803 818 (63) 4,771 73 7,512 (2,814) (3,246) (16)% (19)% 157% 80 229 2021 3,861 1,959 3,923 1,106 505 11,354 (109) 7,948 3,515 (3,672) 17% (18)% 70% 92 A 2021 (47)% (41)% (80)% (26)% n/m (58)% (5)% n/m n/m (13)% 380 (40)% Adjusted net revenues down 74% compared vs. 4Q21 Capital Market and Advisory revenues down 59% vs. 4Q21 in line with reduced Street-wide fees down 59% across products I - Sales & Trading revenues down 89% vs. 4Q21 driven by lower client activity, sale of Securitized Products and impact of accelerating our restructuring Fixed Income revenues declined 84% as we significantly de- risked our Global Credit Products business partially offset by continued strength in Macro Equities revenues declined 96% driven by the impact of strategic actions, reduced client activity and less favorable market conditions on Equity Derivatives performance as well as the exit of Prime Services on Cash Equities Adjusted operating expenses down 15% vs. 4Q21 due to reduced compensation and benefits Adjusted 4Q22 pre-tax loss of USD 1,259 mn primarily driven by significantly lower client activity exacerbated by the impact of our strategic actions; reported pre-tax loss of USD 1,524 mn includes restructuring expenses of USD 214 mn and major litigation expenses of USD 43 mn Significantly reduced capital usage Risk-weighted assets down 13%; leverage exposure down 40% driven by lower HQLA and business reductions Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important 19 presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Other revenues include treasury funding costs and changes in the carrying value of certain investments CREDIT SUISSE#20CET1 ratio of 14.1% CET1 ratio development in bps 12.6% 20 3Q22 34.4 Risk-weighted assets in CHF bn 274 147 bps 3Q22 Capital raises ¹ 1 (15) Business impact (53) bps Net loss 80 bps 2 Business RWA CET1 capital in CHF bn Model and parameter updates (24) bps Other movements ² (10) FX impact ³ 14.1% 4Q22 35.3 251 4Q22 CET1 ratio up ~150 bps to 14.1% ▪ CET1 ratio improved by 147 bps from the capital raises of CHF -4.0 bn Negatively impacted by (53) bps from our net loss of CHF 1.4 bn, offset by RWA reductions of 80 bps ▪ Other movements of (24) bps include FX impacts of (9) bps and model and parameter updates of (8) bps RWA down CHF 23 bn QoQ ▪ Decline mainly related to deleveraging in the Investment Bank of CHF -5 bn, Wealth Management and Swiss Bank of CHF ~9 bn Parent CET1 ratio up ~250 bps to 12.2% ▪ Parent CET1 ratio improved by ~140 bps from the capital raises of CHF ~4.0 bn, ~70 bps from RWA reductions and ~50 bps from FX movements Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Bps impact calculated based on the net proceeds FX rates and FX hedging costs, impact from internal and external model and parameter updates, other CET1 regulatory adjustments, quarterly dividend accrual, pension and share-based compensation 3 FX impact from Sep 22 to Dec 22 FX rates 2 Includes FX impact from Sep 22 to Dec 22 CREDIT SUISSE#21Tier 1 leverage ratio of 7.7% Tier 1 leverage ratio development in bps 6.0% 21 3Q22 50.1 Leverage exposure in CHF bn 837 47 bps 3Q22 Capital raises¹ (118) (17) bps Net loss HQLA 102 bps HQLA Tier 1 capital in CHF bn (54) Business impact 59 bps Business impact (14) (21) bps Other movements ² 2 3 FX impact ³ 7.7% 651 4Q22 4Q22 50.0 Tier 1 leverage ratio up to 7.7% ▪ Tier 1 leverage ratio improved by 47 bps from the capital raises of CHF ~4.0 bn ■ HQLA impact from deposit outflows and business deleveraging increased the Tier 1 leverage ratio by 102 bps and 59 bps respectively, offset by (17) bps impact from our net loss of CHF 1.4 bn Leverage exposure down CHF 186 bn ▪ Driven by HQLA impact from deposit outflows and business reductions notably in the Investment Bank Deleveraging focused on Securitized Products and Non-Core Unit ■ Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Bps impact calculated based on the net proceeds 2 Includes FX impact from Sep 22 to Dec 22 CREDIT SUISSE FX rates and FX hedging costs, other CET1 and AT1 regulatory adjustments, quarterly dividend accrual, pension and share-based compensation 3 FX impact from Sep 22 to Dec 22 FX rates#22Successful start to NCU's de-risking process 22 Risk-weighted asset progression Illustrative in USD bn Operational Risk 35 6 3Q22 132 ~25 6 3Q22 2023 Leverage exposure progression Illustrative in USD bn ~92 ~20 6 2023 2024 ~71 2024 ~17 6 2025 Target ~61 2025 Target 4022 Highlights De-risking activity, run down and market moves resulted in estimated: ▪ RWA reduction of USD ~5 bn Leverage exposure reduction of USD ~ 15 bn¹ Liquidity generation of USD ~10 bn 2023 Capital Release Unit established on January 1, 2023 ▪ Accelerated de-risking program underway to release capital and liquidity whilst targeting cost reductions Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. Historical information presented according to the new divisional structure is a preliminary estimate based CREDIT SUISSE on management accounts and subject to change 1 Excluding the impact from reductions in HQLA allocations#23Decisive actions have rebuilt liquidity coverage ratio from lower levels in the quarter 23 Liquidity coverage ratio¹ average in % 192 3Q22 Lower spot rates Earlier part of 4Q22 144 4Q22 Average LCR at 144% at the end of 4Q22 ▪ Improved from lower levels in the quarter following the idiosyncratic events of October 2022 Supported by deleveraging, CHF ~4 bn capital raises, capital market and other funding of CHF ~7 bn², client outreach program and other liquidity generating measures ▪ LCR compares favorably to our peer group ■ Strategic transformation ▪ Further substantial liquidity release is expected from the strategic transformation through 2023 as announced in October 2022, including from the Non-Core Unit and Securitized Products Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Calculated using a three-month average, which is calculated on a daily basis 2 Reflects long-term and short-term funding during 4022 CREDIT SUISSE#24Deleveraging to significantly reduce funding needs Long-term debt capital markets issuance and redemption¹ volumes in CHF bn 24 Liquidity instruments² TLAC-eligible instruments³ 20 11 2021 25 Issuance Redemption Issuance Redemption Net issuance: CHF 9 bn 17 2022 CHF 8 bn Covered bonds Senior bonds (OpCo) Senior bonds (HoldCo) Capital instruments (AT1) up to ~17 ~2 ~9 o/w 4 bn issued ~2 up to ~4 Full-year issuance plan4 2023 22 8 CHF ~(5) bn 9 4 Liquidity instruments TLAC-eligible instruments Full-year Redemption Key messages Group's overall funding needs expected to reduce over time as a result of strategic transformation in line with balance sheet reduction ■ Combined HoldCo and AT1 issuance of up to CHF ~6 bn vs. CHF 13 bn of redemption in 2023 Significant reduction of HoldCo needs Already completed nearly half of 2023 OpCo issuance plan5 and ~25% of overall funding plan in January - 1 Issuance excludes contingent capital awards. Maturities and expected redemptions as of respective year-end FX rates. Figures for 2022 redemptions are based on December 31, 2021 FX rates, while 2023 onwards redemptions are based on September 30, 2022 FX rates. Redemptions reflect instruments maturing on their next call date for illustrative purposes only. Credit Suisse makes no representation on its intention to call the instruments 2 Includes covered bonds and OpCo instruments; excludes Pfandbrief 3 Includes HoldCo instruments as well as AT1 high-trigger capital instruments, grandfathered tier 1 and tier 2 capital instruments, and legacy capital instruments 4 Estimated full year issuance plan reflects projected business growth, development of the balance sheet, future funding needs and maturity profiles as well as the effects of changing market and regulatory conditions. For indicative purposes and subject to change 5 Need partly driven by new TBTF Liquidity rules to come into effect Jan 1, 2024 CREDIT SUISSE#25CHF ~0.9 bn additional group revenues by 2025 from higher forward rate expectations 25 Sensitivity of Group revenues to interest rates¹ Revenue impact from realization of forward rates2 pre-funding cost CHF USD 2023 vs. 2022 5% 4% 3% CHF -0.2 bn 2% 1% CHF yield curve has shifted higher since end-3Q22 EUR 1Y ~(5) bps CHF ~0.6 bn ~60 bps 2024 vs. 2022 ~5 bps CHF -0.9 bn ~40 bps 2025 vs. 2022 USD (Dec-22) USD (Sep-22) CHF (Dec-22) CHF (Sep-22) Key messages ▪ Cumulative group revenues sensitivity of CHF -0.9 bn by 2025 vs. 2022 benefitting from forward rate expectations ▪ This incorporates impact of deposit outflows in 4Q22; ~85% of group deposit outflows in the quarter concentrated in October and November ▪ We expect higher funding costs³ in 2023 vs. 2022 of CHF -0.5 bn Funding costs expected to reduce from 2025 2Y 3Y 5Y 7Y 1ΟΥ 20Y 30Y Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Based on static balance sheet as of end-December forward rates; as of December 31, 2022 3 Includes Treasury-related cost of capital instruments, long-term funding and HQLA; at average 2022 USD/CHF FX rate of 0.9541 2 From realization of CHF, USD and EUR CREDIT SUISSE#26Significant progress on our CHF ~2.5 bn cost transformation 26 Group cost base in CHF bn Excluding impact of SP transaction and other divestments ~17.0 ~16.5-17.0 2022 2022 guidance guidance at 4Q21 at 2022 in CHF bn 16.2 FY22² ~ (1.2) ~ (2.5) ↓ 15.8 2023 Target Restructuring expenses 4Q22 2023 0.4 1.6 ~14.5 2025 Target 2024 1.0 Full time employees¹ in '000s 52 9M22 50 49 incl. notified reductions in workforce4 FY22 ~(17)% ↓ 43 2025 Target ³ Group cost update ▪ 2022 adjusted operating expenses of CHF 16.2 bn below the previous guidance of ~16.5-17.0 bn ▪ Actions already initiated in 4Q22 are expected to represent 80% of targeted CHF ~1.2 bn cost base reduction to be achieved in 2023 ▪ Full time employee reduction of ~4% in 4Q224 ▪ Estimated restructuring expenses for 2023 of CHF 1.6 bn and 2024 of CHF 1.0 bn unchanged¹ Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Estimates and assumptions are based on currently available information and beliefs, expectations and opinions of management and include all known facts and decisions as of today. Actual results may differ 2 Adjusted operating expenses for FY22 3 On a constant perimeter basis 4 FTE reduction includes notified reductions in workforce who were on the payroll as of end of 3022 and 4Q22 CREDIT SUISSE#27Group financial targets reaffirmed 27 Cost base¹ in CHF bn 15.8 in 2023 ~14.5 in 2025 CET1 ratio² >13.5% in 2025 At least 13% through transformation³ Return on tangible equity# 2025 Core: >8% Group: ~6% Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Our cost base target is measured using adjusted operating expenses at constant 2022 FX rates and on constant perimeter, before impact of Securitized Products transaction and other divestments 2 Pre-Basel III reforms 3 From 2023 to 2025 CREDIT SUISSE#28Appendix CREDIT SUISSE#29Corporate Center Revenues PCL/ ability Costs Profit- Balance Sheet 29 Corporate Center in CHF mn Treasury results Asset Resolution Unit Other¹ Adjusted net revenues Provision for credit losses Adjusted total operating expenses Adjusted pre-tax income/(loss) Reported pre-tax income/(loss) Total assets in CHF bn Risk-weighted assets in CHF bn o/w OpRisk in CHF bn Leverage exposure in CHF bn 4Q22 3Q22 212 (5) (21) 186 82 104 80 34 44 32 37 (7) (1) 43 35 76 4Q21 41 48 34 45 (130) 17 48 (65) 107 (41) (172) (170) (533) 55 46 26 58 2022 (204) 55 106 (43) (1) 357 (1,202) 2021 34 44 32 37 (174) (93) 274 7 (399) (636) (1,714) (8) 651 55 46 26 58 Rev. PCL/ Costs Prof. Balance Sheet ARU within Corporate Center in CHF mn 4Q22 Net revenues Provision for credit losses Total operating expenses Pre-tax income/(loss) Risk-weighted assets in USD bn Leverage exposure in USD bn (5) 1 25 (31) LO 5 13 3Q22 4Q21 (1) (1) 28 (28) 6 14 Note: Results excluding certain items in our reported results are non-GAAP financial measures. See later in this Appendix for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Other revenues primarily include required elimination adjustments associated with trading in own shares, treasury commissions charged to divisions, the cost of certain hedging transactions executed in connection with the Group's RWA and valuation hedging impacts from long-dated legacy deferred compensation and retirement programs mainly relating to former employees 17 27 (10) 8 18 2022 55 (1) 112 (56) 13 2021 (93) 1 CREDIT SUISSE 136 (230) 8 18#30We have a strong capital and liquidity position 4Q22 CET1 ratio - Peers¹ 15.3% 7.7% 14.4% 14.2% 14.1% Credit Suisse Credit Suisse 4Q22 Tier 1 leverage ratio - Peers³ 13.6% 13.5% 13.4% 13.4% 13.2% !!! 5.9% 5.8% 5.8% 5.7% 5.6% 5.5% 5.4% 5.0% * 12.3% 12.1% 11.2% 4.6% 4.4% 4.4% 4Q22 Liquidity coverage ratio - Peers² 164% 156% 145% 144% 142% 136% Credit Suisse 133% 129% 124% 123% 118% * Source: Company filings as of 4022 As of 3Q22 Note: Peers include Bank of America, Barclays, BNP, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Société Générale and UBS 30 1 US peers reflect lower of standardized or advanced CET1 ratio 2 Bank of America, Citigroup, Credit Suisse, Goldman Sachs, JP Morgan, Morgan Stanley and UBS are based on 3-month average daily balance, the rest are based on average of trailing 12 month-end observations 3 Supplementary Leverage Ratio for US peers 112% CREDIT SUISSE#31Capital exceeding regulatory requirements Total loss-absorbing capacity as of end-4Q22, in CHF bn 31 Gone concern capital Going concern capital AT1 99.1 49.1 14.7 Swiss 35.3 CET1 Credit Suisse Pillar 2 add-on² Other going capital³ Capital ratio 25.1% 10.5%** 4.3% 9.3% Swiss capital requirements 39.5% 19.6% 5.8% 14.1% Credit Suisse 2025 target5 >13.5% pre-B3R Throughout strategic transformation at least 13.0% Pillar 2 add-on² Leverage ratio 8.8% 3.8%A 1.5% 3.3% Swiss leverage requirements 1 Effective from September 30, 2022, Pillar 1 CET1 requirements for capital and leverage ratios have been reduced by 0.36% and 0.125%, respectively, following FINMA's reassessment of surcharges based on leverage exposure. Also reflects the decrease in surcharge due to lower market share, effective 2022 2 Includes the FINMA Pillar 2 capital add-on of CHF 1.85 bn (USD 2.0 bn) relating to the supply chain finance funds matter, which equates to an additional Swiss CET1 capital ratio and Swiss CET1 leverage ratio requirement of 74 bps and 28 bps, respectively 3 Includes the effects of the Swiss sectorial countercyclical capital buffer (effective from September 30, 2022) and extended countercyclical buffer, totaling 32 bps 4 Includes rebates for resolvability in gone concern capital of 311 bps and in gone concern leverage ratio of 100 bps 5 BIS CET1 capital ratio 2025 aspiration 15.2% 7.6% 2.2% 5.4% Credit Suisse CREDIT SUISSE#32Our loan book is highly collateralized with a majority in Switzerland Group gross loans - 4Q22 Corporate & institutional¹ CHF 115 bn or 43% Governments and public institutions 32 Financial institutions Commercial and industrial loans Real estate 23% 10% 9% 38% 1% CHF 266 bn 2% 14% Switzerland share of Group gross loans - 4Q22 40% CHF 266 bn 62% Consumer² CHF 151 bn or 57% Mortgages Loans collateralized by securities Consumer finance Reported at fair value → 3% Collateralization³ → 89% Switzerland Others Provision for credit losses ratio vs. peers4 Provision for credit losses / average net loans, in bps ■Credit Suisse 7 70 2010-2017 avg. 9 Swiss Bank & Wealth Management PCL ratio each average 8 bps 2018-2021 Peers 34 2018 11 43 2019 37 103 2020 144 bps incl. CHF 4.3 bn 1 Classified by counterparty type 2 Classified by product type 3 Percentage of collateralized loans in relation to gross loans 4 Source: Bloomberg (all numbers in CHF), Company filings as of 9M22. Peers include Bank of America, Barclays, BNP, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Société Générale, Standard Chartered and UBS 5 Credit Suisse PCL ratio excludes Archegos provision Archegos provision (3) (12) 20215 6 32 9M225 CREDIT SUISSE#33Oil & Gas / Leveraged Finance exposure 33 Oil & Gas exposure¹ in USD bn 4.4 1.9 Non-IG 2.5 IG 4Q21 4.5 1.8 Non-IG 2.7 IG 1Q22 4.2 1.9 Non-IG 2.3 IG 2Q22 3.9 1.8 Non-IG 2.1 IG 3Q22 3.7 1.7 Non-IG 1.9 IG 4Q22 1 Oil & Gas net lending exposure in Corporate Bank 2 Represents non-Investment Grade underwriting exposure Leveraged Finance exposure² in USD bn 6.7 4Q21 7.4 1Q22 5.9 2Q22 3.6 3Q22 3.4 4Q22 CREDIT SUISSE#34TBVPS impacted by rights issue and net loss in the quarter 34 Tangible book value per share (TBVPS)+ in CHF 15.22 3Q22 (0.54) Net income attr. to shareholders (3.98) Rights issue (0.66) FX 0.44 1 Own credit ¹ 0.12 2 Other ² 10.60 4Q22 Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations 1 Reflects movements in interest rates curves and tax expenses 2 Includes shareplan settlements, CREDIT SUISSE cash flow hedges, pension and other tangible book value movements#35Wealth Management 35 Adjusted net revenues in CHF mn 1,345 4Q21 138 1,506 4Q21 1,444 Adjusted pre-tax income in CHF mn 212 1,355 1Q22 2Q22 3Q22 4Q22 114 1,107 78 (155) 1Q22 2Q22 3Q22 4Q22 Adjusted cost/income ratio 90% 4Q21 84% 4% 93% 1Q22 2Q22 3Q22 7% 94% Adjusted return on regulatory capital+ 4% 115% 3% 4Q22 (6)% 4Q21 1Q22 2Q22 3Q22 4Q22 Assets under Management in CHF bn 743 707 7 662 4Q21 1Q22 2Q22 3Q22 4Q22 Adjusted net margin in bps 12 635 7 5 4Q21 1Q22 2Q22 3Q22 540 Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations (11) 4Q22 CREDIT SUISSE#36Swiss Bank 36 Adjusted net revenues in CHF mn 1,039 1,022 1,047 956 438 4Q21 1Q22 2Q22 3Q22 4Q22 Adjusted pre-tax income in CHF mn 931 Adjusted cost/income ratio 259 58% 60% 60% 13% 58% 69% 4Q21 1Q22 2Q22 3Q22 4Q22 Adjusted return on regulatory capital+ Assets under Management in CHF bn 8% 598 583 545 4Q21 1Q22 2Q22 3Q22 Adjusted net margin in bps 30 527 12% 12% 402 12% 28 28 385 383 26 ..... ..... ..... 4Q21 1Q22 2Q22 3Q22 4Q22 4Q21 1Q22 2Q22 3Q22 4Q22 4Q21 1Q22 2Q22 3Q22 526 Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations 4Q22 20 4Q22 CREDIT SUISSE#37Asset Management 37 Adjusted net revenues in CHF mn 399 359 93 311 4Q21 1Q22 2Q22 3Q22 4Q22 Adjusted pre-tax income in CHF mn 51 4Q21 1Q22 346 31 286 104 (15) 2Q22 3Q22 4Q22 Adjusted cost/income ratio 77% 86% 45% 89% 4Q21 1Q22 2Q22 3Q22 4Q22 25% 70% Adjusted return on regulatory capital+ 15% 105% 49% (7)% 4Q21 1Q22 2Q22 3Q22 4Q22 Assets under Management in CHF bn 477 4Q21 462 5 427 Net new assets in CHF bn (1) 1Q22 2Q22 3Q22 4Q22 411 (6) (4) 4Q21 1Q22 2Q22 3Q22 402 Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations (12) 4Q22 CREDIT SUISSE#38Investment Bank 38 Adjusted Fixed Income sales & trading in USD mn 526 802 622 558 342 ili. tlu. 248 4Q21 1Q22 2Q22 3Q22 4Q22 2Q22 3Q22 4Q22 504 Adjusted Capital markets in USD mn 585 466 38 99 81 200 Adjusted Equity sales & trading¹ in USD mn 4Q21 1Q22 2Q22 3Q22 4Q22 403 4Q21 1Q22 Adjusted Advisory and other fees in USD mn 331 221 190 4Q21 1Q22 2Q22 232 15 175 3Q22 4Q22 Adjusted pre-tax income in USD mn (184) (55) I (860) (4)% (1,259) 4Q21 1Q22 2Q22 3Q22 4Q22 Adjusted return on regulatory capital+ (1)% (640) (19)% 4Q21 1Q22 2Q22 (15)% 3Q22 Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations 1 Excludes 19 mn Archegos impact in 1022 (33)% 4Q22 CREDIT SUISSE#39Net and gross margins 39 Adjusted net margin in bps Adjusted gross margin in bps Adjusted net revenues in CHF mn Adjusted pre-tax income in CHF mn Average AuM in CHF bn 7 71 4Q21 4Q21 1Q22 2Q22 Wealth Management 138 12 755 83 7 5 212 83 724 1Q22 2Q22 3Q22 3Q22 1,345 1,506 1,444 1,355 1,107 114 82 694 78 (11) 4Q22 657 76 4Q22 (155) 583 30 4Q21 70 4Q21 438 26 593 Swiss Bank 70 1Q22 2Q22 1,039 1,022 1Q22 385 28 588 74 2Q22 1,047 402 569 Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations 28 3Q22 4Q22 70 956 20 3Q22 4Q22 383 546 70 931 259 531 CREDIT SUISSE#40Currency mix & Group capital metrics 40 Group Wealth Management Investment Bank Swiss Bank Asset Management Adjusted Credit Suisse Group results Net revenues Total expenses¹ Net revenues Total expenses1¹ Net revenues Total expenses¹ Net revenues Total expenses¹ Net revenues Total expenses¹ 4Q22 LTM in CHF mn 15,164 16,413 5,412 5,163 4,537 7,236 3,956 2,527 1,302 1,131 CHF 36% 32% 14% 35% 8% 8% 92% 92% 49% 39% USD 35% 34% 50% 20% 50% 53% 1% 3% 38% 40% Contribution EUR GBP 13% 5% 17% 7% 16% 5% 5% 2% 9% 6% 4% 10% 4% 7% 8% 15% 1% 1% 1% 10% Other 12% 19% 15% 31% 18% 19% 1% 2% 3% 5% Sensitivity analysis on Group results² Applying a +/- 10% movement on the average FX rates for 4Q22 LTM, the sensitivities are: ▪ USD/CHF impact on 4Q22 LTM pre-tax income by CHF (16) / 16 mn CHE ▪ EUR/CHF impact on 4Q22 LTM pre-tax income by CHF +110/(110) mn Currency mix capital metric³ 11% 35% 21% 12% 6% 7% 7% 21% 7% 65% 66% 43% USD Basel III Risk-weighted assets CET1 capital 4 Swiss leverage exposure 1 Total expenses include provisions for credit losses 2 Sensitivity analysis based on adjusted numbers and on weighted average exchange rates of USD/CHF of 0.95 and EUR/CHF of 1.00 for 4022 3 Data based on Dec 2022 month-end currency mix 4 Reflects actual capital positions in consolidated Group legal entities (net assets) including net asset hedges less applicable Basel III regulatory adjustments (e.g., goodwill) LTM results USD CHF EUR Other A 10% strengthening / weakening of the USD (vs. CHF) would have a (1.5) bps / 1.7 bps impact on the BIS CET1 ratio CREDIT SUISSE#41Results excluding certain items included in our reported results are non-GAAP financial measures. Following the reorganization implemented at the beginning of 2022, we have amended the presentation of our adjusted results. Management believes that such results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation of our adjusted results to the most directly comparable US GAAP measures. Reconciliation of adjustment items (1/2) 2021 4Q22 Wealth Management in CHF mn Net revenues Real estate (gains)/losses (Gains)/losses on business sales Group in CHF mn Net revenues Real estate (gains)/losses (Gains)/losses on business sales Valuation adjustment related to major litigation (Gain)/loss on equity investment in Allfunds Group (Gain)/loss on equity investment in SIX Group AG Gain on equity investment in Pfandbriefbank Impairment on York Capital Management Archegos Adjusted net revenues Provision for credit losses Archegos Adjusted provision for credit losses Total operating expenses Goodwill impairment Restructuring expenses Major litigation provisions Expenses related to real estate disposals Expenses related to equity investment in Allfunds Group Archegos Adjusted total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes 41 3,060 (191) 75 20 2,964 41 41 4,334 (352) (34) (2) (8) 3,938 (1,315) (1,015) 3Q22 3,804 (10) (6) 10 3,798 21 21 4,125 (55) (178) (15) (8) 2Q22 3,645 (13) 1 168 19 3,820 64 64 4,754 (23) (80) (434) (6) (13) 4,198 3,869 (342) (1,173) (92) (442) 1Q22 4,412 (164) 3 353 (5) (17) 4,582 (110) 155 45 4,950 (46) (653) (3) (11) 4Q21 4,582 (224) (13) (31) 70 (14) 2022 4,237 4,071 (428) (1,664) 300 328 14,921 (368) 4 586 34 (6) 10 4,384 (20) 5 (17) 15,164 16 155 (15) 171 6,266 18,163 (1,623) (23) (1,623) (33) (533) (103) (514) (1,299) (1,221) (11) (24) (56) (2) (20) (40) (21) 22,696 16,242 (3,258) (1,249) (232) 29 69 (622) 70 113 470 22,544 4,205 (4,307) (102) 16,047 Restructuring expenses Major litigation provisions Expenses related to real estate disposals 19,091 Expenses related to equity investment in Allfunds Group Adjusted total operating expenses (600) Major litigation recovery Gain related to InvestLab transfer 6,599 (Gain)/loss on equity investment in Allfunds Group (Gain)/loss on equity investment in SIX Group AG Adjusted net revenues Provision for credit losse s Total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes Swiss Bank in CHF mn Net revenues Real estate (gains)/losses (Gain)/loss on equity investment in SIX Group AG Gain on equity investment in Pfandbriefbank Adjusted net revenues Provision for credit losse s Total operating expenses Restructuring expenses Expenses related to real estate disposals Adjusted total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes 4Q22 1,144 (122) 75 10 1,107 (11) 1,354 (73) (6) (2) 1,273 (199) (155) 4Q22 972 (51) 10 931 28 655 (11) 644 289 259 3Q22 1,365 (10) 1,355 7 1,337 (11) (54) (2) 1,270 21 78 3Q22 962 (6) 956 21 558 (6) 552 383 383 2Q22 1,266 168 9 1,444 (11) 1,373 (15) (16) (1) 1,341 (96) 114 2Q22 1,050 (13) 10 1,047 18 630 (3) 627 402 402 1Q22 1,177 (25) 3 353 (2) 1,506 24 1,510 (10) (230) 1,270 (357) 212 1Q22 1,109 (84) (3) 1,022 23 615 (1) 614 471 385 4Q21 1,377 (19) (17) (31) 35 1,345 (7) 1,227 (7) (3) (3) 1,214 157 138 4Q21 1,209 (205) 35 1,039 (4) 606 (1) 605 607 438 2022 4,952 (147) 4 586 17 5,412 9 5,574 (109) (306) (3) (2) 5,154 (631) 249 2022 4,093 (148) 17 (6) 3,956 90 2,458 (21) 2,437 1,545 1,429 CREDIT SUISSE 2021 7,031 (19) 24 (49) (622) 35 6,400 0 4,724 (19) (62) (7) (20) 4,616 2,307 1,784 2021 4,316 (213) 35 4,138 4 2,394 (11) (4) 2,379 1,918 1,755#42Results excluding certain items included in our reported results are non-GAAP financial measures. Following the reorganization implemented at the beginning of 2022, we have amended the presentation of our adjusted results. Management believes that such results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation of our adjusted results to the most directly comparable US GAAP measures. Reconciliation of adjustment items (2/2) 4Q22 2021 Asset Management in CHF mn Investment Bank in USD mn Net revenues 286 Real estate (gains)/losses (Gains)/losses on business sales Gain related to InvestLab transfer Impairment on York Capital Management Adjusted net revenues Provision for credit losses Total operating expenses Restructuring expenses Expenses related to real estate disposals Expenses related to business sales. Adjusted total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes. Investment Bank in CHF mn Net revenues Real estate (gains)/losses Archegos Adjusted net revenues Provision for credit losses Archegos Adjusted provision for credit losses Total operating expenses Goodwill impairment Restructuring expenses Major litigation provisions Expenses related to real estate disposals Archegos Adjusted total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes 42 286 1 312 (12) 300 (27) (15) 4Q22 454 454 23 23 1,889 (201) (41) (8) 1,639 (1,458) (1,208) 3Q22 336 10 346 (1) 247 (3) (1) 243 90 104 3Q22 1,106 1,106 (6) (6) 1,778 (30) (12) (8) 2Q22 311 311 2 279 (1) 278 30 31 2Q22 1,109 1,109 55 55 2,170 (23) (60) (191) (5) (13) 1,728 1,878 (666) (1,116) (616) (824) 1Q22 361 (2) 359 308 308 53 51 1Q22 1,938 (53) (17) 1,868 (156) 155 (1) 1,970 (36) (3) (11) 1,920 124 (51) 4Q21 399 399 (2) 308 308 93 93 4Q21 1,666 1,666 (7) 5 (2) 3,661 (1,623) (25) (149) (8) (19) 1,837 (1,988) 2022 1,294 (2) 10 1,302 2 1,146 (16) (1) 1,129 146 171 2022 4,607 (53) (17) 4,537 (84) 155 71 7,807 (23) (327) (232) (20) (40) 1,508 (169) (2,699) 113 1,621 1,146 (3) (1) 1,142 362 479 2021 9,908 470 10,378 4,209 (4,307) (98) 9,172 (1,623) (71) (149) (44) (26) 7,259 7,165 (3,116) (3,473) 3,217 Net revenues Real estate (gains)/losses Archegos Adjusted net revenues Provision for credit losses Archegos Adjusted provision for credit losses Total operating expenses Goodwill impairment Restructuring expenses Major litigation provisions Expenses related to real estate disposals Archegos Adjusted total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes Corporate Center in CHF mn Net revenues Real estate (gains)/losses (Gains)/losses on business sales Valuation adjustment related to major litigation Adjusted net revenues Provision for credit losse s Total operating expenses Restructuring expenses Major litigation provisions Archegos Adjusted total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes 4Q22 465 465 24 24 1,965 (214) (43) (8) 1,700 (1,524) (1,259) 4Q22 204 (18) 186 124 (55) 13 82 80 104 3Q22 1,136 1,136 (6) (6) 1,833 (30) 57 2,258 (24) (63) (200) (4) (14) 1,953 (691) (1,165) (13) (8) 1,782 (640) (860) 3Q22 35 35 205 (5) (124) 2Q22 1,150 76 (170) (41) 1,150 57 2Q22 (91) (91) 302 (1) (227) 74 (393) (165) 1Q22 2,096 (57) (19) 2,020 (169) 167 (2) 2,131 (39) (3) (12) 2,077 134 (55) 1Q22 (173) (173) (1) 547 1 (423) 125 (719) (297) 4Q21 1,820 1,820 (8) 5 (3) 4,002 (1,775) (27) (163) (9) (21) 2,007 (2,174) 4Q21 (69) (94) 167 73 8,187 (24) (346) (243) (20) (42) 7,512 (3,246) (184) (2,814) 4 2022 (65) 4,847 (57) (19) 4,771 464 2022 (25) (18) 5 69 7 (8) 1,655 1 (1,010) 5 651 (533) (1,202) (1,714) (172) (399) (636) (362) 5 107 357 (43) (1) 1,178 (60) (761) 2021 10,836 518 11,354 4,468 (4,577) (109) 10,040 (1,775) (78) (163) (47) (29) 7,948 (3,672) 3,515 CREDIT SUISSE 2021 (67)#43Notes General notes Throughout this presentation rounding differences may occur Unless otherwise stated, all financial numbers presented and discussed are adjusted. Results excluding certain items included in our reported results are non-GAAP financial measures. All percentage changes and comparative descriptions refer to YoY measurements unless otherwise specified Estimates and assumptions are based on currently available information and beliefs, expectations and opinions of management and include all known facts and decisions as of February 9, 2023. Actual results may differ Our cost base target is measured using adjusted operating expenses at constant 2022 FX rates and on constant perimeter, before impact of Securitized Products transaction and other divestments Unless otherwise noted, all CET1 capital, CET1 ratio, CET1 leverage ratio, Tier 1 leverage ratio, risk-weighted assets and leverage exposure figures shown in these presentations are as of the end of the respective period Gross and net margins are shown in basis points; gross margin = net revenues annualized / average AuM; net margin = pre-tax income annualized / average AuM. Adjusted net margin excluding certain items included in our reported results is calculated using results excluding such items, applying the same methodology Parent mea s Credit Suisse AG on a standalone basis. All CET1 capital and CET1 ratio figures shown in these presentations for Parent are Swiss capital metrics ■ ■ ■ ■ Specific notes + Regulatory capital is calculated as the average of 13.5% of RWA and 4.25% of leverage exposure and return on regulatory capital, a non-GAAP financial measure, is calculated using income/(loss) after tax and assumes a tax rate of 25% from 2020 onward. For the Investment Bank, return on regulatory capital is based on US dollar denominated numbers. Return on regulatory capital excluding certain items included in our reported results is calculated using results excluding such items, applying the same methodology. Adjusted return on regulatory capital excluding certain items included in our reported results is calculated using results excluding such items, applying the same methodology. + Return on tangible equity, a non-GAAP financial measure, is calculated as annualized net income attributable to shareholders divided by average tangible shareholders' equity. Tangible shareholders' equity, a non-GAAP financial measure, is calculated by deducting goodwill and other intangible assets from total shareholders' equity as presented in our balance sheet. Tangible book value, a non-GAAP financial measure, is equal to tangible shareholders' equity. Tangible book value per share is a non-GAAP financial measure, which is calculated by dividing tangible shareholders' equity by total number of shares outstanding. For end-4Q21, tangible shareholders' equity excluded goodwill of CHF 2,917 mn and other intangible assets of CHF 276 mn from total shareholders' equity of CHF 43,954 mn as presented in our balance sheet. For end-3Q22, tangible shareholders' equity excluded goodwill of CHF 3,018 mn and other intangible assets of CHF 424 mn from total shareholders' equity of CHF 43,267 mn as presented in our balance sheet For end-4Q22, tangible shareholders' equity excluded goodwill of CHF 2,903 mn and other intangible assets of CHF 458 mn from total shareholders' equity of CHF 45,129 mn as presented in our balance sheet. Shares outstanding were 2,569.7 mn at end-4Q21 and 3,941.3 mn at end-4Q22. Abbreviations APAC = Asia Pacific; CHF Swiss Franc; CET1 = Common Equity Tier 1; assets; ECM = Equity Capital Markets; ARU = Asset Resolution Unit; AT1 = Additional Tier 1; AuM = Assets under management; BIS Bank of International Settlements; bps = basis points; B3R = Basel 3 Requirements; CS First Boston = Credit Suisse First Boston; CSSEL = Credit Suisse Securities (Europe) Limited; CRU = Capital Release Unit ; DLJ= Donaldson Lufkin & Jenrette; DTA = deferred tax EUR = Euro; FINMA = Swiss Financial Market Supervisory Authority; FX = Foreign Exchange; GAAP = Generally Accepted Accounting Principles; GBP British Pound; GTS Global Trading Solutions; HQLA = High-quality Liquid Assets; IT = Information Technology; IPO = Initial Public Offering; LCR Liquidity Coverage Ratio; LLC Limited Liability Company; PCL = provision for credit losses; PTI = Pre-tax income; QoQ Quarter on Quarter; SCFF = Supply Chain Finance Funds SIX Swiss Exchange; TLAC = Total Loss Absorbing Capacity; IB Investment Bank; IBCM = Investment Banking & Capital Markets; IBOR Interbank offered rate; IG Investment Grade; LTM Last twelve months; M&A = Merger & Acquisition; NCU Non-Core Unit; NII Net interest income; NNA = Net New Assets; OpRisk = Operational risk; Rev. revenues; RM = Relationship Manager; RMBS = Residential Mortgage-backed Securities; RoRC = Return on Regulatory Capital; RWA = Risk-weighted assets; SNB Swiss National Bank; SP Securitized Products; SPG = Securitized Products Group; TBTF = Too Big To Fail; TBVPS = Tangible Book Value Per Share; USD United States Dollar; Vs. versus; YOY Year on year 43 CREDIT SUISSE#44CREDIT SUISSE