Credit Suisse Results Presentation Deck
Significant progress on our CHF ~2.5 bn cost transformation
26
Group cost base
in CHF bn
Excluding impact of SP transaction and other divestments
~17.0
~16.5-17.0
2022
2022
guidance
guidance
at 4Q21 at 2022
in CHF bn
16.2
FY22²
~ (1.2) ~ (2.5)
↓
15.8
2023
Target
Restructuring expenses
4Q22
2023
0.4
1.6
~14.5
2025
Target
2024
1.0
Full time employees¹
in '000s
52
9M22
50
49
incl. notified
reductions in
workforce4
FY22
~(17)%
↓
43
2025
Target ³
Group cost update
▪ 2022 adjusted operating expenses of CHF 16.2 bn
below the previous guidance of ~16.5-17.0 bn
▪ Actions already initiated in 4Q22 are expected to
represent 80% of targeted CHF ~1.2 bn cost base
reduction to be achieved in 2023
▪ Full time employee reduction of ~4% in 4Q224
▪ Estimated restructuring expenses for 2023 of
CHF 1.6 bn and 2024 of CHF 1.0 bn unchanged¹
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 Estimates and assumptions are based on currently available information and beliefs, expectations
and opinions of management and include all known facts and decisions as of today. Actual results may differ 2 Adjusted operating expenses for FY22 3 On a constant perimeter basis
4 FTE reduction includes notified reductions in workforce who were on the payroll as of end of 3022 and 4Q22
CREDIT SUISSEView entire presentation