Transformation to CS First Boston

CHF ~0.9 bn additional group revenues by 2025 from higher forward rate expectations Sensitivity of Group revenues to interest rates¹ Revenue impact from realization of forward rates² pre-funding cost CHF USD EUR CHF ~0.9 bn CHF ~0.6 bn CHF ~0.2 bn 2023 vs. 2022 2024 vs. 2022 2025 vs. 2022 CHF yield curve has shifted higher since end-3Q22 5% ~5 bps USD (Dec-22) 4% USD (Sep-22) ~(5) bps 3% 2% ~40 bps ~60 bps 1% CHF (Dec-22) CHF (Sep-22) 1Y 2Y 3Y 5Y 7Y 10Y 20Y 30Y Key messages ■ Cumulative group revenues sensitivity of CHF ~0.9 bn by 2025 vs. 2022 benefitting from forward rate expectations ■ This incorporates impact of deposit outflows in 4Q22; ~85% of group deposit outflows in the quarter concentrated in October and November ■ We expect higher funding costs³ in 2023 vs. 2022 of CHF -0.5 bn Funding costs expected to reduce from 2025 25 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 static balance sheet as of end-December 2 From realization of CHF, USD and EUR forward rates; as of December 31, 2022 3 Includes Treasury-related cost of capital instruments, long-term funding and HQLA; at average 2022 USD/CHF FX rate of 0.9541 CREDIT SUISSE

View entire presentation