Credit Suisse Results Presentation Deck
Notes
General notes
Throughout this presentation rounding differences may occur
Unless otherwise stated, all financial numbers presented and discussed are adjusted. Results excluding certain items included in our reported results are non-GAAP financial measures. All percentage changes and comparative descriptions refer to YoY measurements
unless otherwise specified
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 October 27, 2022. Actual results may differ
Unless otherwise noted, all CET1 capital, CET1 ratio, CET1 leverage ratio, Tier 1 leverage ratio, risk-weighted assets and leverage exposure figures shown in these presentations are as of the end of the respective period
Gross and net margins are shown in basis points; gross margin = net revenues annualized / average AuM; net margin = pre-tax income annualized / average AuM. Adjusted net margin excluding certain items included in our reported results is calculated using results
excluding such items, applying the same methodology
Parent means Credit Suisse AG on a standalone basis. All CET1 capital and CET1 ratio figures shown in these presentations for Parent are Swiss capital metrics
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Specific notes
+ Regulatory capital is calculated as the average of 13.5% of RWA and 4.25% of leverage exposure and return on regulatory capital, a non-GAAP financial measure, is calculated using income/(loss) after tax and assumes a tax rate of 25% from 2020 onward. For the
Investment Bank, return on regulatory capital is based on US dollar denominated numbers. Return on regulatory capital excluding certain items included in our reported results is calculated using results excluding such items, applying the same methodology. Adjusted return
on regulatory capital excluding certain items included in our reported results is calculated using results excluding such items, applying the same methodology.
+ Return on tangible equity, a non-GAAP financial measure, is calculated as annualized net income attributable to shareholders divided by average tangible shareholders' equity. Tangible shareholders' equity, a non-GAAP financial measure, is calculated by deducting
goodwill and other intangible assets from total shareholders' equity as presented in our balance sheet.
For end-3Q21, tangible shareholders' equity excluded goodwill of CHF 4,615 mn and other intangible assets of CHF 234 mn from total shareholders' equity of CHF 44,498 mn as presented in our balance sheet.
For end-2Q22, tangible shareholders' equity excluded goodwill of CHF 2,974 mn and other intangible assets of CHF 340 mn from total shareholders' equity of CHF 45,842 mn as presented in our balance sheet.
For end-3Q22, tangible shareholders' equity excluded goodwill of CHF 3,018 mn and other intangible assets of CHF 424 mn from total shareholders' equity of CHF 43,267 mn as presented in our balance sheet.
Abbreviations
APAC = Asia Pacific; ARU = Asset Resolution Unit; AuM = Assets under Management; BIS Bank of International Settlements; bps = basis points; CET1 = Common Equity Tier 1;
CSSEL Credit Suisse Securities (Europe) Limited; DTA = deferred tax assets; ECM = Equity Capital Markets;
EUR = Euro; FINMA = Swiss Financial Market Supervisory Authority;
GAAP Generally Accepted Accounting Principles; GBP British Pound; GTS Global Trading Solutions; HQLA = High-quality Liquid Assets; IB = Investment Bank;
LTM Last twelve months; NII Net interest income; NNA = Net New Assets; OpRisk Operational risk; PCL = provision for credit losses; PTI = Pre-tax income;
RMBS Residential Mortgage-backed Securities; RoRC = Return on Regulatory Capital; RWA = Risk-weighted assets; SCFF = Supply Chain Finance Funds; SNB
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CHF Swiss Franc;
FX = Foreign Exchange;
IBOR Interbank offered rate; IG Investment Grade; IT = Information Technology;
QoQ = Quarter on Quarter; rev. = revenues; RM = Relationship Manager;
Swiss National Bank; USD = United States Dollar; vs. = versus; YOY Year on year
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