Credit Suisse Results Presentation Deck
Transformation to CS First Boston: creating significant value for
Credit Suisse shareholders
An advisory led partnership model
▪ Global independent, capital markets and advisory led
business with distinctive capabilities and unique market
position
▪ Global model headquartered in the US with leadership
positions in Europe and Asia and selected Emerging
Markets presence
■
History of innovation and market leadership leveraging
intellectual capital and years of experience of core
teams from First Boston and DLJ
9
Entrepreneurial talent-centric partnership owned by
Credit Suisse, strategic investors, and senior leadership
with performance-based compensation model
Mutually valuable partnership between Credit Suisse
Wealth Management, Swiss Bank and Markets,
and CS First Boston
1023
M. Klein & Company acquisition
Business design and scope
Risk-weighted assets
In USD bn; illustrative
45-50
Credit Suisse
IBCM¹
21
Credit Suisse
IBCM¹
CS First Boston
3Q22
Leverage exposure
In USD bn; illustrative
~100
75
~20
CS First Boston
ambition
2023-2024
<50
CS First Boston CS First Boston
3Q22
ambition
USD >2.5 bn
CS First Boston revenues (illustrative²)
Readiness for IPO or spin-off by end-2024
(market dependent)
Progress to Date
Right-sized business model to reduce capital needs and
release low-returning capital.
✓ Business model to incorporate leading Private Fund
Group to maximize client franchise
Reduced headcount by ~20% in 4Q22
Defined founding partner equity plan to create "owner"
mindset across senior leadership and enabling high-
impact recruiting
✓ Announced acquisition of the investment banking
business of M. Klein & Company, a leading strategic
advisory boutique
2025 and beyond
CS First Boston operates as an independent
business while retaining strong relationship with
Credit Suisse
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 Based on 2018-21 average 2 Expectation under normalized market conditions
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