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 (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
32
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
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