Fourth Quarter and Full Year 2016 Results Presentation
Wealth Management businesses
Net and gross margins
APAC PB Adj. net margin in bps
IWM PB Adj. net margin in bps
SUB PB Adj. net margin in bps
35
23
23
24
26
25
24
28
32
36
27
23
28
15
17
23
23
4Q15
3Q16
4Q16
2015
2016
Adj. gross margin in bps
4Q15 3Q16 4Q16
2015
2016
Adj. gross margin in bps
4Q15
3Q16 4Q16
2015
2016
Adj. gross margin¹ in bps
145
134 138
138
138
108 104 109
107
110
72
84
87
79
86
4Q15
3Q16 4Q16
2015
2016
4Q15 3Q16
4Q16
2015
2016
4Q15
3Q16
4Q16
2015
2016
372
1,178
1,374
797
789
864
3,213
3,317
881
814
838
3,443 3,338
Adj. net revenues¹ in CHF mn
271
346
Adj. pre-tax income in CHF mn
55
69
97
351
376
190
190
192
830
822
141
214
171
803
879
Average AuM in CHF bn
151
165
172
150
160
295
304
316
301
300
243
243
243
249
241
Note: Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in this presentation. For details on calculations see at the end of this presentation under 'Notes'
1 Adjusted to exclude Swisscard net revenues and operating expenses for 1Q and 2Q in 2015 in SUB PB
CREDIT SUISSE
February 14, 2017
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