#12022 Results Media Call Thomas Gottstein David Mathers July 27, 2022 Chief Executive Officer Chief Financial Officer CREDIT SUISSE#2Disclaimer (1/2) Credit Suisse has not finalized its 2022 Financial Report and Credit Suisse's independent registered public accounting firm has not completed its review of the condensed consolidated financial statements (unaudited) for the period. Accordingly, the financial information contained in this document is subject to completion of quarter-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 to 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 2022 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 and in the "Cautionary statement regarding forward-looking information" in our 2022 Earnings Release published on July 27, 2022 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 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, 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 or any other forward-looking statements. For these reasons, we caution you not to place undue reliance upon any forward-looking statements. We may not achieve the benefits of our strategic initiatives We may not achieve all of the expected benefits of our strategic initiatives. 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), 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. 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. Statement regarding non-GAAP financial measures This document contains non-GAAP financial measures, including results excluding certain items included in our reported resultsas well as return on regulatory capital and return on tangible equity (which is 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 2022 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. Such estimates, ambitions, objectives and targets are calculated in a manner that is consistent with the accounting policies applied by us in preparing our financial statements. 2 CREDIT SUISSE#3Disclaimer (2/2) 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#42022 key messages 4 B 80 Financials Strategy Risk, Litigation and Regulatory remediation CHF (0.4) bn adjusted pre-tax loss driven by USD (0.9) bn adjusted pre-tax loss in the Investment Bank Strategic pivot Ongoing strategic review to further materially pivot to Wealth Management, Swiss Bank and Asset Management Transformation of our Investment Bank towards a less complex, capital-light, advisory-led and connected model Risk reduction 7% YoY reduction in Group credit portfolio, including 15% reduction in NIG portfolio and 18% reduction in EM portfolio; >70% reduction of Russia net credit exposure since end of 2021 CHF (1.2) bn reported pre-tax loss including CHF (0.4) bn of major litigation provisions, CHF (0.2) bn of Allfunds-related losses and CHF (0.1) bn of restructuring charges Comprehensive Group cost efficiency program targeting absolute cost base of CHF <15.5 bn¹ in the medium-term supported by broader cost efficiency and digital transformation plan Proactive approach to resolving legal cases; major litigation provisions of CHF (0.2) bn for SEC/CFTC communications recordkeeping matter and CHF (0.2) bn for previously disclosed legacy matters 13.5% CET1 ratio 4.3% CET1 leverage ratio; 6.1% Tier 1 leverage ratio Achieved USD >3 bn IB allocated capital reduction ambition Third-party capital Evaluating strategic options for our market leading Securitized Products business to attract third-party capital Regulatory remediation Continued progress on regulatory remediation supported by the Strategic Regulatory Remediation Committee set up to oversee delivery on our regulatory programs 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 Measured using adjusted operating expenses at constant 2021 FX rates CREDIT SUISSE#5Group 1H22 performance adversely impacted by challenging market conditions, especially affecting the IB, major litigation provisions and Allfunds 1H22 adjusted/reported pre-tax income analysis in CHF mn 5 Adjusted PTI Adjustments Swiss Bank Wealth Management Investment Bank (USD mn) Asset Management Corporate Center Group adjusted PTI Major litigation provisions Loss on Allfunds Other adjustments² Group reported PTI (1,601) (915) (1,087) (462) (521) (142) 82 149 326 787 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 restructuring expenses of CHF 80 mn, goodwill impairment of CHF 23 mn, revaluation losses related to our investment in SIX of CHF 19 mn, loss related to Archegos of CHF 13 mn, real estate gains of CHF 13 mn, expenses related to real estate disposals of CHF 6 mn and loss on business sales of CHF 1 mn 2 Includes real estate gains of CHF 177 mn, Archegos release of CHF 148 mn, restructuring expenses of CHF 126 mn, goodwill impairment of CHF 23 mn, revaluation losses related to our investment in SIX of CHF 14 mn, expenses related to real estate disposals of CHF 9 mn and loss on business sales of CHF 4 mn CREDIT SUISSE#6Significant markets impact on our Investment Bank and Wealth Management while Swiss Bank remained resilient Adjusted PTI 2022 commentary 6 WM in CHF mn IB in USD mn SB in CHF mn AM in CHF mn CC in CHF mn 2Q21 432 663 448 122 1Q22 o/w Russia (99) o/w AFG¹ (34) o/w SCFF fee waiver (27) o/w AFG¹ (21) 212 114 o/w Russia (101) (55) 385 51 2Q22 o/w Asset impairments (55)² o/w SCFF fee waiver (24) o/w LevFin MtM (245) (860) 402 31 (165) ■ ■ ▪ Net inflows in APAC and Americas offset by outflows in EMEA and Switzerland; 1H22 NNA of CHF 3.4 bn (including CHF 1.9 bn of Russia-related outflows) I Improving NII from higher rates offset by lower recurring fees and transaction-based revenues Continued investments in relationship managers, Group-wide technology, risk and compliance and in business growth including China resulting in 18% higher operating expenses ■ Capital Markets revenues impacted by substantially lower ECM, Leveraged Finance market activity and Leveraged Finance mark-to-market losses Higher Advisory revenues and strong Equity Derivatives and Macro trading Net revenues up 3% across all major revenue lines, offset by normalized provisions for credit losses and higher operating expenses from increased deferred compensation, investments and marketing expenses; RoRC+ at 12% PTI adversely impacted by a challenging market environment, partially offset by lower operating expenses reflecting the release of certain expense provisions related to the SCFF matter Net asset outflows across both traditional and alternative investments, partially offset by inflows from investments and partnerships Pre-tax losses decreased mostly due to lower operating expenses, notwithstanding volatile interest rate environment (296) (297) 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 MtM losses in APAC Financing 2 Includes CHF (38) mn write-off of certain IT-related assets and CHF (17) mn impairments relating to certain third-party assets CREDIT SUISSE#7IB Deep Dive: performance impacted by our franchise positioning Investment banking products Our competitive strength 7 Credit Suisse IB weighting IBCM Credit Equities Macro I ■ Top 5 Global LevFin¹ Top 6 Global ECM¹ #1 in US Securitizations² #1 in US RMBS³ Top 5 ranked 4 Structured Equity Derivatives #6 rank in Cash Equities5 Tailored solutions including eFX platform Capital market revenue pools in USD bn Credit spreads in bps⁹ Equity market volatility⁹ Rates and FX volatility⁹ 37 37 1000 800 600 Market drivers ■ECM ■LevFin 37 100 80 60 30 '13 14 15 '16 '17 28 HY spreads DCM 33 32 45 Rates volatility 59 400 200 0 ¹13 ¹14 ¹15 ¹16 ¹17 ¹18 ¹19 ¹20 ¹21 ¹22 IG spreads (rhs) 8 '18 ¹19 ¹20 '21 '22' мимланимливильно 20 0 ¹13 ¹14 ¹15 ¹16 ¹17 ¹18 ¹19 ¹20 ¹21 ¹22 200 150 100 50 0 '13 14 15 16 17 18 19 20 21 22 -FX volatility (rhs) ECM -(80)%7 Lev Fin ~(70)%7 24 200 150 100 50 0 20 15 10 5 0 Market performance ■ ■ ■ Our 2022 performance Advisory fees +37% vs. Street (28)% Involved in 5 of the top 6 IBCM fee events 10 ECM down in line with Street LFCM MtM of USD (245) mn Lower Securitized Products vs. a strong prior year Robust SP Financing pipeline Best 2Q Equity Derivatives results in recent history¹1 Adjusted revenues impacted by Prime exit Strong Macro performance offset by lower EM trading 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 Dealogic 1H22 2 Thomson Reuters 2017-21 3 Thomson Reuters 1H22 4 Coalition Greenwich Competitor Analytics, FY21 5 Based on Third Party Competitive Analysis as of 1022 6 Including ECM, Leverage Finance, DCM revenue pools from Dealogic 7 Reflecting 2022 YoY performance of fee pool 8 Annualized figures based on YTD data as of 30th June 2022 9 Bloomberg 10 Dealogic (Global) as of 1H22 11 Since 2016 CREDIT SUISSE#8WM Deep Dive: performance impacted by challenging market conditions; net interest income geared to higher rates Our competitive strength Wealth Management & Private Banking Switzerland in CHF trn 8 Net loans Custody assets Assets under Management 0.2 0.2 0.8 Top 2 Global Wealth Manager¹ outside of US with strong brand and heritage WM and PB Switzerland CHF 1.2 trn CBV CHF 0.8 trn AuM -60% exposure to higher growth markets² ~55% of revenues from UHNW clients Yield curves³ Equity markets 4 rebased to 100 4% 3% 2% 1% (1)% US Investors with "Bearish" sentiment5 110 100 90 80 Jun-21 Market drivers ~200 bps 25% 1Y 2Y 3Y 5Y 7Y 1ΟΥ 2ΟΥ 3ΟΥ US Oct-21 -110 bps 45% EU Feb-22 26% USD (Jun-22) USD (Dec-21) CHF (Jun-22) CHF (Dec-21) CH 39% Jun-22 46% 2222 Our 2022 performance NII +4% YoY and +9% QoQ on higher rates Higher interest rates expected to add CHF ~0.8 bn to WM NII by 2024 vs. 2021 Recurring commissions and fees (14)% YoY and (3)% QoQ reflecting lower AuM Transaction-based revenues (11) % YoY and (17)% QoQ on risk averse client sentiment ~3,000 RMS (WM and PB Switzerland) with +70 new RMs in 1H22, notably in APAC, Switzerland and EMEA 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 McKinsey Wealth Pools, 2021; Market share based on markets (client domiciles, onshore / offshore) and client segments Credit Suisse is active in 2 Higher growth markets include APAC region and Emerging Markets; % based on CBV 3 Bloomberg, as of June 30, 2022 4 Bloomberg: S&P 500 index for US, Stoxx Europe 600 Index for EU and SMI for CH 5 Based on "American Association of Individual Investor" survey; 2022 results based on YTD figures as of July 2022 CREDIT SUISSE#9We have leading franchises 9 Wealth Management Top 2 Global Wealth Manager¹ outside of US with strong brand and heritage CHF 1.2 trn CBV CHF 0.8 trn AuM (WM and PB Switzerland) -60% exposure to higher growth markets²; ~55% of revenues from UHNW clients Selected awards 2022 Best Wealth Manager for Clients USD >250 mn in Switzerland³ Best for Family Office in Asia4 Best Wealth Manager in Middle East4 Investment Bank Leading franchises and strong connectivity with Wealth Management and Swiss Bank IBCM involved in 5 of the top 6 fee events5 #1 in US Securitizations over the past 5 years Best 2Q Equity Derivatives results in recent history? #6 rank in Cash Equities8 Advisory fees +37% YoY in 2Q22 Swiss Bank Leading universal bank in Switzerland CHF 0.8 trn CBV 10 #1 Institutional Banking⁹ Top 2 Corporate Banking ¹0 #1 Investment Banking¹1 >150k¹2 CSX clients Asset Management Multi-specialist Asset Manager of choice for institutional, Wealth Management and 3rd party wholesale clients CHF 0.4 trn AuM Leading US and European CLO manager ¹3 13 ➤ Leading Real Estate manager in Switzerland ¹4 ➤ Leading Index Fund provider in Switzerland and top 3 in Europe¹5 ➤ Partner to one of the largest and most successful AM JV, ICBCCS, in China¹6 Leading APAC franchise -20% of Group revenues 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 McKinsey Wealth Pools, 2021; Market share based on markets (client domiciles, onshore / offshore) and client segments Credit Suisse is active in 2 Higher growth markets include APAC region and Emerging Markets; % based on CBV 3 Euromoney 4 Asiamoney 5 Dealogic (Global) as of 1H22 6 Thomson Reuters 2017-21 7 Since 2016 Party Competitive Analysis as of 1Q22 9 BCG 2021 10 BCG and McKinsey 2021 11 Dealogic as of June 1, 2022 12 Includes transfer of existing Bonviva clients to the CSX solutions 13 Based on principal liabilities 14 Based on CS analysis of Datastream disclosures as of March 31, 2022 15 Based on Morningstar as of May 31, 2022 16 Based on AuM according to IPE Top 500 Asset 8 Based on Third as of June 30, 2022 from CreditFlux Managers 2022 CREDIT SUISSE#10Over the last 7 years, we have strengthened our balance sheet and capital ratios CET1 ratio CET1 leverage ratio Tier 1 leverage ratio High Quality Liquid Assets¹ in CHF bn IB leverage exposure in USD bn WM, SB and AM vs. IB allocated capital 10 2015 11.4% 3.3% 4.5% 175 536² 0.5x2 2020 12.9% 3.8%³ 5.5%³ 204 440 1.4x 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 Consists of cash and eligible securities as prescribed by FINMA and reflects a post-cancellation view. Weighted value calculated after the application of haircuts for high-quality liquid assets or inflow and outflow rates 2 IB includes GM, IBCM, APAC Markets and SRU ex WM-related LE before restatement 3 Leverage Exposure without the temporary exclusion of central bank reserves of CHF 110,677 mn permitted by FINMA in 2020 2022 13.5% 4.3% 6.1% ~235 349 1.6x CREDIT SUISSE#11Digital Transformation expected to drive fundamental change across the Group and lead to sustainable cost savings Our Ambition 11 Digital transformation to position the bank for long-term growth and support cost efficiency program Our Approach ■ ■ Group-wide digital vision presented by Joanne Hannaford on June 28th, 2022 Investor Deep Dive Robust, scalable and automated processes with a strong control focus ▪ Enterprise services that drive client value and reduce duplicative applications over time ▪ Digital, cloud-based business platforms enabling front-to-back capabilities and differentiated products ▪ Enterprise-scale, foundational technology capabilities to drive productivity ■ Streamlined delivery via agile working practices The Benefits Digital transformation to support fundamental change and Group cost efficiency program ▪ Benefits beyond cost-savings include: ■ Superior client experience ■ Revenue growth ▪ Lower operational risk ▪ Improved employee experience ■ 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 Measured using adjusted operating expenses at constant 2021 FX rates CREDIT SUISSE#12We remain focused on realizing our potential by accelerating our transformation 12 Ongoing strategic review to further materially pivot to Wealth Management, Swiss Bank and Asset Management Transformation of our Investment Bank towards a less complex, capital-light, advisory-led and a more connected model Evaluating strategic options for our market leading Securitized Products business to attract third-party capital Comprehensive plan to reduce Group-wide absolute cost base to CHF <15.5 bn¹ in the medium term 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 Measured using adjusted operating expenses at constant 2021 FX rates CREDIT SUISSE#13Appendix CREDIT SUISSE#14Net and gross margins 14 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 23 82 Wealth Management 2Q21 3Q21 4Q21 20 432 754 83 7 1,547 1,567 1,345 384 71 759 2Q21 3Q21 4Q21 1Q22 2Q22 138 12 755 1Q22 2022 83 1,506 7 212 724 83 1,444 114 694 31 2Q21 70 Swiss Bank 448 30 579 2Q21 3Q21 3Q21 4Q21 1,019 1,049 30 71 70 70 450 592 4Q21 1,039 438 26 28 593 1Q22 2022 1Q22 1,022 385 588 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. 74 2Q22 1,047 402 569 CREDIT SUISSE#15Corporate Center Adjusted key financials Key metrics 15 Corporate Center in CHF mn Treasury results Asset Resolution unit Other¹ Net revenues Provision for credit losses Total operating expenses Adjusted PTI Reported PTI in CHF bn Total assets Risk-weighted assets Leverage exposure 2Q22 (155) 22 42 (91) 74 (165) (393) 44 50 48 1Q22 (254) 39 42 (173) (1) 125 (297) (719) 56 49 58 2Q21 (116) (43) 65 (94) 202 (296) (506) 52 48 57 A 2Q21 n/m n/m (35)% n/m (63)% n/m n/m (15)% 6% (16) % Key financials Key metrics ARU within Corporate Center in CHF mn Net revenues Provision for credit losses Total operating expenses PTI in USD bn Risk-weighted assets Leverage exposure 2Q22 22 29 (7) 6 15 1Q22 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 RWAs and valuation hedging impacts from long-dated legacy deferred compensation and retirement programs mainly relating to former employees 39 (1) 30 10 7 16 2Q21 (43) 36 (79) 8 19 A 2Q21 n/m (19)% n/m (25)% (18)% CREDIT SUISSE#16Leveraged Finance exposure reduced to USD 5.9 bn at end 2Q22 Mark-to-market losses of USD (245) mn in Leveraged Finance underwriting within the Investment Bank from less favorable market conditions NIG underwriting exposure of USD 5.9 bn down 20% vs. 1Q22 as we focus on de-risking the commitment book 16 1 Represents non-Investment Grade underwriting exposure Leveraged Finance exposure¹ in USD bn 10.2 1Q21 6.2 2Q21 (42)% 7.4 1Q22 5.9 2Q22 CREDIT SUISSE#17Oil & Gas / Russia-related exposures 17 Oil & Gas exposure¹ in USD bn 5.3 2.1 Non-IG 3.2 IG 2Q21 5.0 2.0 Non-IG 3.0 IG 3Q21 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 Russia credit exposure² in CHF mn Risk exposure o/w Sovereigns o/w Financial institutions o/w Corporates o/w Individuals 1 Oil & Gas net lending exposure in Corporate Bank 2 Exposure is net of specific allowances, specific provisions for credit losses and valuation adjustments As at March 31, 2022 Gross 1,041 35 229 429 348 Net² 373 35 177 82 79 As at June 30, 2022 Gross 664 65 43 261 295 Net² 244 65 43 70 66 CREDIT SUISSE#18We have a strong capital and liquidity position 18 2Q22 CET1 ratio - Peers¹ 15.2% 6.1% 14.2% 14.2% 14.1% 13.6% 13.5% 2Q22 Tier 1 leverage ratio - Peers² Credit Suisse 5.8% Credit Suisse !!! 5.7% 5.6% 5.6% 5.5% 12.9% 12.8% 12.4% 12.2% 5.4% 5.3% 5.0% 4.6% 11.7% 4.3% 10.5% 3.8% 2Q22 Liquidity coverage ratio - Peers 191% Credit Suisse 32% 161% 159% 2Q22 HQLA as % of total assets - Peers Credit Suisse 137% 135% 134% 132% 130% 126% 23% 23% 23% Source: Company filings as of 1022 except for Credit Suisse, UBS and US banks Note: Peers include Bank of America, Barclays, BNP, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Société Générale and UBS lower of standardized or advanced CET1 ratio 2 Supplementary Leverage Ratio for US peers 22% 19% 19% *As of 1Q22 18% 1 US peers reflect 116% 116% 110% 17% 17% 16% 16% CREDIT SUISSE#19Exceeding both Going and Gone concern requirements Total loss-absorbing capacity as of end of 2022 in CHF bn. 19 Going concern capital Gone concern capital AT1 Swiss CET1 96.9 44.2 15.7 37.0 Credit Suisse Capital ratio³ 27.9%² 2 13.9%² 4.3% 9.6% Swiss capital requirements¹ 35.2% 16.1% 5.7% 13.5% Credit Suisse → 2024 aspiration >14%5 pre-Basel 3 reform Near-term aspiration 13-14% Leverage ratio 9.8%² 4.9% 1.5% 3.4% 2 Swiss leverage requirements¹ 11.2% 5.1% 1.8% 4.3% Credit Suisse 1 Does not include the FINMA Pillar 2 capital add-on of CHF 1.9 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 70 bps and 22 bps, respectively. Does not include the effects of the countercyclical buffers and any rebates for resolvability and for certain tier 2 low-trigger instruments recognized in gone concern capital. Reflects the decrease in surcharge due to lower market share, effective 2022 2 As of the end of 2022, the rebates for resolvability and for certain tier 2 low-trigger instruments for the capital ratios were 2.937% and 0.438%, respectively. The rebates for resolvability and for certain tier 2 low-trigger instruments for leverage ratios were 1.031% and 0.140%, respectively. Net of these rebates, the gone concern ratio for capital and leverage were 10.565% and 3.704%, respectively. 3 Based on end 2022 Swiss risk-weighted assets of CHF 275 bn 4 Based on end 2022 leverage exposure of CHF 863 bn 5 BIS CET1 capital ratio and BIS CET1 leverage ratio 2024 aspirations → 2024 aspiration ~4.5%5 CREDIT SUISSE#20Currency mix & Group capital metrics 20 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 expenses1¹ Net revenues Total expenses¹ Net revenues Total expenses¹ 2Q22 LTM in CHF mn 18,290 16,742 5,862 5,014 7,134 7,569 4,157 2,482 1,474 1,168 CHF 31% 31% 15% 32% 5% 6% 91% 91% 49% 43% USD 43% 34% 49% 21% 64% 53% 2% 2% 38% 37% Contribution EUR GBP 11% 6% 16% 10% 11% 5% 5% 2% 9% 7% 4% 10% 4% 7% 6% 15% 1% 1% 1% 8% Other 11% 19% 16% 30% 14% 21% 2% 4% 3% 5% Sensitivity analysis on Group results² Applying a +/- 10% movement on the average FX rates for 2Q22 LTM, the sensitivities are: ▪ USD/CHF impact on 2Q22 LTM pre-tax income by CHF +220 / (220) mn ▪ EUR/CHF impact on 1Q22 LTM pre-tax income by CHF +104/(104) mn Currency mix capital metric³ CHF 12% 33% 18% 12% 7% 616% 7% 16% 72% 68% 42% 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 0.92 and EUR/CHF of 1.04 for 2022 3 Data based on June 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 +4.1 bps / (4.7) bps impact on the BIS CET1 ratio CREDIT SUISSE#21Results 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 (1/3) Group in CHF mn Net revenues Real estate (gains)/losses (Gains)/losses on business sales Major litigation recovery Valuation adjustment related to major litigation (Gain)/loss on equity investment in Allfunds Group (Gain)/loss on equity investment in SIX Group AG 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 21 2Q22 1Q22 4Q21 3Q21 2Q21 3,645 4,412 4,582 5,437 5,103 (13) (164) (224) (4) (4) 1 3 (13) 42 168 19 3,820 64 64 4,754 (23) (80) (434) (6) 353 (31) (46) (653) 70 69 (49) (130) (317) 113 (17) (23) 493 4,582 4,384 5,504 5,226 (110) (20) (144) (25) 155 45 5 (15) 6,266 (1,623) 188 (70) 44 4,573 (95) 4,950 4,315 (33) (514) (3) (11) (45) (495) (208) (3) (4) (1) (19) (11) (14) 24 (13) (31) 4,198 4,237 4,071 4,098 4,008 (1,173) (428) (1,664) 1,008 813 (442) 300 328 1,362 1,313 Group operating expenses in CHF mn Total reported operating expenses Goodwill impairment Restructuring expenses Major litigation provisions Expenses related to real estate disposals Archegos Total adjusted operating expenses FX impact Total adjusted operating expenses at FXC¹ 1 At constant 2021 FX rates 2Q22 4,754 (23) (80) (434) (6 (3) (11) (13) 4,198 4,237 31 (10) 4,247 4,167 1Q22 4,950 (46) (653) Wealth Management in CHF mn Net revenues Real estate (gains)/losses (Gains)/losses on business sales Major litigation recovery (Gain)/loss on equity investment in Allfunds Group (Gain)/loss on equity investment in SIX Group AG Adjusted net revenues Provision for credit losses Total operating expenses Restructuring expenses Major litigation provisions Expenses related to real estate disposals Expenses related to equity investment in Allfunds Group Adjusted total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes 2Q22 1Q22 4Q21 3Q21 2Q21 1,266 1,177 1,377 1,656 1,913 (25) (19) 3 (17) 168 353 9 (2) 1,444 1,506 24 (11) 1,373 1,510 (15) (10) (16) (230) (1) 41 (3) (3) (49) (130) (317) (31) 35 1,345 1,567 1,547 18 (7) (24) 1,227 1,236 1,167 (9) (70) (1) 1,341 1,270 1,214 1,165 157 (96) (357) 138 402 384 114 212 (19) 1,139 770 432 CREDIT SUISSE#22Results 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 (2/3) Investment Bank in USD 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 22 2Q22 1,150 1,150 57 57 2,258 (24) (63) (200) (4) (14) 1,953 (1,165) (860) 1Q22 2,096 (57) (19) 2,020 (169) 167 (2) 2,131 (39) (3) (12) 2,077 134 (55) 2Q21 2,017 542 2,559 21 (77) (56) 2,018 (32) (34) 1,952 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 (22) Income/(loss) before taxes 663 Adjusted income/(loss) before taxes 3Q21 2Q22 1Q22 4Q21 1,109 1,938 1,666 2,514 (53) (17) 1,868 (156) 155 (1) 1,970 1,109 55 55 2,170 (23) (60) (191) (5) (13) 1,878 (1,116) (824) (23) 1,666 2,491 (7) (168) 5 188 (2) 3,661 1,841 (1,623) (25) (149) (8) (11) (19) 1,920 1,837 1,862 (36) 20 (3) 24 841 124 (1,988) (51) (169) 609 Swiss Bank in CHF mn Net revenues Real estate (gains)/losses (Gain)/loss on equity investment in SIX Group AG Adjusted net revenues Provision for credit losses Total operating expenses Restructuring expenses Expenses related to real estate disposals Adjusted total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes 2Q22 1,050 (13) 10 1,047 18 630 (3) 627 402 402 1Q22 1,109 (84) (3) 1,022 23 615 (1) 614 471 385 4Q21 1,209 (205) 35 1,039 (4) 606 605 607 438 3Q21 1,053 (4) 1,049 3 596 596 454 450 CREDIT SUISSE 2Q21 1,023 (4) 1,019 (21) 599 (3) (4) 592 445 448#23Results 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 (3/3) 23 Asset Management in CHF mn Net revenues Real estate (gains)/losses Impairment on York Capital Management Adjusted net revenues Provision for credit losses Total operating expenses Restructuring expenses Adjusted total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes. 2Q22 311 311 2 279 (1) 278 30 31 1Q22 361 359 308 308 53 51 4Q21 399 399 (2) 308 308 93 93 3Q21 292 113 405 1 273 273 18 131 2Q21 417 417 1 296 (2) 294 120 122 Corporate Center in CHF mn Net revenues Adjusted net revenues Provision for credit losses Total operating expenses Restructuring expenses Major litigation provisions Adjusted total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes 2Q22 (91) (91) 302 (1) (227) 74 (393) (165) 1Q22 (173) (173) (1) 547 1 (423) 125 (719) (297) 2Q21 (94) (94) 412 (2) (208) 202 (506) (296) CREDIT SUISSE#24Notes General notes Throughout this presentation and the 2Q22 Results 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 ■ ■ ■ ■ ■ I I ■ 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 July 27, 2022. Actual results may differ Our absolute cost base ambition is measured using adjusted operating expenses at constant 2021 FX rates 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 and, for periods prior to 2019, on a "look-through" basis 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 Mandates reflect advisory and discretionary mandate volumes Mandate penetration reflects advisory and discretionary mandate volumes as a percentage of AuM, excluding those from the external asset manager business Parent means Credit Suisse AG on a standalone basis. All CET1 capital and CET1 ratio figures shown in these presentations for Parent are Swiss capital metrics Client Business Volume includes assets under management, custody assets and net loans Custody assets includes assets under custody and commercial assets 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. For end-2Q21, tangible shareholders' equity excluded goodwill of CHF 4,588 mn and other intangible assets of CHF 245 mn from total shareholders' equity of CHF 43,580 mn as presented in our balance sheet. For end-1Q22, tangible shareholders' equity excluded goodwill of CHF 2,931 mn and other intangible assets of CHF 307 mn from total shareholders' equity of CHF 44,442 mn as presented in our balance sheet. For end-2Q22, tangible shareholders' equity excluded goodwill of CHF 2,974 mn and other intangible assets of CHF 340 mn from total shareholders' equity of CHF 45,842 mn as presented in our balance sheet. Our ambition to release USD >3 bn of capital from the Investment Bank over 2021-2022 and our ambition to invest CHF ~3 bn of capital in Wealth Management over 2021-2024 is based on an average of 13.5% risk-weighted assets and 4.25% leverage exposure. Abbreviations AFG = APAC Financing Group; AM = Asset Management; APAC = Asia Pacific; ARU = Asset Resolution Unit; AuM = Assets under Management; BCG = Boston Consulting Group; BIS = Bank of International Settlements; bps = basis points; CBV Client Business Volume; CC = Corporate Center; CET1 = Common Equity Tier 1; CFTC = Commodity Futures Trading Commission; CHF Swiss Franc; CLO Collateralized Loan Obligations; CSSEL = Credit Suisse Securities (Europe) Limited; CTOO = Chief Technology and Operations Officer; C/I= cost income ratio; DCM = Debt Capital Markets; ECM = Equity Capital Markets; EM = Emerging Markets; EMEA = Europe, Middle East and Africa; EUR = Euro; FINMA Swiss Financial Market Supervisory Authority; FX = Foreign Exchange; GAAP = Generally Accepted Accounting Principles; GCP Global Credit Products; GM Global Markets; GTS Global Trading Solutions; HY = High Yield; HQLA = High-quality Liquid Assets; IB Investment Bank; IBCM = Investment Banking Capital Markets; IG Investment Grade; ICBCCS = Industrial and Commercial Bank of China Credit Suisse; IT = Information Technology; JV Joint Venture; LE = Leverage exposure; LFCM = Leveraged Finance Capital Markets; LevFin = Leveraged Finance; LTM = Last twelve months; M&A = Mergers & Acquisitions; MtM = Mark-to-market; NIG Non-investment Grade; NII Net interest income; NNA = Net New Assets; PTI = Pre-tax income; QoQ = Quarter on Quarter; rev. = revenues; rhs = right hand side; RM = Relationship Manager; RMBS = Residential Mortgage-backed Securities; RoRC Return on Swiss Bank; SCFF = Supply Chain Finance Funds; SEC = Securities and Exchange Commission; SME = Small and Medium Enterprises; SMI = Swiss Market Index; SNB Swiss National Bank; PB = Private Banking Regulatory Capital; SP = Securitized Products; PCL = provision for credit losses; RWA = Risk-weighted assets; SB SRU = Strategic Resolution Unit; UHNW = Ultra High Net Worth; USD = United States Dollar; vs. versus; WM = Wealth Management; YoY Year on year; YTD = Year-to-Date 24 CREDIT SUISSE#25CREDIT SUISSE