Credit Suisse Results Presentation Deck slide image

Credit Suisse Results Presentation Deck

Group Overview Reported Adjusted 14 Credit Suisse Group in CHF mn Net revenues Provision for credit losses Total operating expenses Pre-tax income Effective tax rate Net income/(loss) attributable to shareholders Return on tangible equity Cost/income ratio Net revenues Provision for credit losses Total operating expenses Pre-tax income 2022 3,645 64 4,754 (1,173) (36)% (1,593) (15.0)% 130% 3,820 64 4,198 (442) 1Q22 4,412 (110) 4,950 (428) 35% (273) (2.6)% 112% 4,582 45 4,237 300 2Q21 5,103 (25) 4,315 813 70% 253 2.6% 85% 5,226 (95) 4,008 1,313 Δ 1022 (17)% (4)% n/m n/m (17)% (1) % n/m A 2Q21 (29)% 10% n/m n/m (27)% 5% n/m Reported net revenues included USD (245) mn of Leveraged Finance MtM losses and CHF (168) mn of Allfunds-related losses Adjusted net revenues declined by 27%, driven by significantly lower capital markets issuance, Leveraged Finance MtM losses, reduced client activity and recurring revenues amid challenging market conditions, partially offset by stronger M&A advisory revenues and higher net interest income in Wealth Management and Swiss Bank from improved interest rates Reported expenses included CHF (434) mn of major litigation provisions Adjusted operating expenses up 5% YoY driven by increased investments in Wealth Management, technology, risk and compliance; down 1% QoQ with lower variable compensation expenses 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. CREDIT SUISSE
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