Credit Suisse Results Presentation Deck slide image

Credit Suisse Results Presentation Deck

Investment Bank Significant pre-tax loss amid extremely challenging market conditions Adjusted key financials Key metrics 21 in USD mn Fixed income sales & trading Equity sales & trading¹ Capital markets Advisory and other fees Other² Net revenues Provision for credit losses Total operating expenses Adjusted PTI Adjusted C/I ratio Adjusted RoRCt Reported PTI Reported RORC+ in USD bn Risk-weighted assets Leverage exposure 2Q22 622 342 38 190 (42) 1,150 57 1,953 (860) 170% (19)% (1,165) (26)% 86 349 1Q22 802 526 466 221 5 2,020 (2) 2,077 (55) 103% (1)% 134 3% 93 364 2Q21 916 509 1,000 139 (5) 2,559 (56) 1,952 663 76% 12% (22) 96 409 Δ 2021 (32)% (33)% (96)% 37% (55)% 0% n/m n/m (11)% (15)% Net revenues down 55% YoY Capital Markets revenues impacted by substantially lower ECM and Leveraged Finance market activity and include USD (245) mn of MtM losses in Leveraged Finance Reduced non-IG underwriting portfolio to USD 5.9 bn (down 20% vs. 1022) ▪ Higher Advisory revenues from significant deal closings Higher GTS revenues due to strong Equity Derivatives and Macro trading driven by higher volatility partially offset by lower Emerging Markets trading and financing activity Fixed Income results reflect lower Emerging Markets revenues, Securitized Products trading activity vs. a strong prior year as well as reduced GCP revenues as lower primary issuance led to lower trading volumes Reduced¹ Equities revenues reflecting the exit of Prime Services³ ■ Higher credit provisions of USD 57 mn reflecting an increase in both non-specific provisions, compared to a release in 2Q21, and higher specific provisions Operating expenses flat YoY as reduced revenue-related costs were offset by higher Group-wide technology, risk and compliance costs Pre-tax loss of USD (860) mn driven by significantly lower client activity and reduced risk appetite across businesses Delivery of allocated capital reductions Released USD 3.3 bn in allocated capital vs. end 2020, with USD 0.8 bn in reductions vs. 1Q22, achieving our year-end ambition of USD >3 bn ahead of schedule; RWA down 8% QoQ and Leverage Exposure down 4% QOQ 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 Archegos loss of USD 542 mn from Equity Sales & Trading revenues in 2021 2 Other revenues include treasury funding costs and changes in the carrying value of certain investments 3 With the exception of Index Access and APAC Delta One CREDIT SUISSE
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