Credit Suisse Results Presentation Deck
Results 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)View entire presentation