Fourth Quarter and Full Year 2016 Results Presentation
Results overview
Execution
Profitable growth
Legacy
Capital
Detailed Financials
Credit Suisse Group results
4Q16
3Q16
4Q15
2016
2015
Net revenues
5,181
5,396
4,210
20,323
23,797
Provision for credit losses
75
55
133
252
324
Total operating expenses
7,009
5,119
10,518
22,037
25,895
Pre-tax income/(loss)
(1,903)
222
(6,441)
(1,966)
(2,422)
Fair value (gains)/losses on own debt
697
(298)
Real estate gains
(78)
(346)
(72)
(424)
(95)
(Gains)/losses on business sales
2
(34)
58
(34)
Goodwill impairment
(3,797)
(3,797)
Restructuring expenses
(49)
(145)
(355)
(540)
(355)
Major litigation expenses
(2,101)
(306)
(564)
(2,407)
(820)
Adjusted
Net revenues
Provision for credit losses
5,105
5,050
4,801
19,957
23,370
75
55
133
252
324
Total operating expenses
4,859
4,668
5,802
19,090
20,923
Pre-tax income
171
327
(1,134)
615
2,123
Net income/(loss) attributable to shareholders
(2,347)
41
(5,828)
(2,438)
(2,944)
Diluted Earnings/(loss) per share in CHF
Return on Tangible Equity¹
(1.12)
n/m
0.02
0.4%
(3.28)
n/m
(1.19)
(1.73)
n/m
n/m
Note: All values shown are in CHF mn unless otherwise specified. Adjusted results are non-GAAP financial measures. A reconciliation to reported results is included in the Appendix
1 Based on tangible shareholders' equity attributable to shareholders, a non-GAAP financial measure, which is calculated by deducting goodwill and other intangible assets from total shareholders' equity attributable to
shareholders as presented in our balance sheet. Management believes that the return on tangible shareholders' equity attributable to shareholders is meaningful as it allows consistent measurement of the performance of
businesses without regard to whether the businesses were acquired
CREDIT SUISSE
February 14, 2017
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