Credit Suisse Investor Event Presentation Deck
Initiated CHF~2.5 bn cost reduction program
Group cost base ¹
in CHF bn
Excluding impact of SP and other divestments
~17.0
~16.5-17.0 ~(1.2) bn ~(2.5) bn
||
2022
guidance
at 4Q21
2022
guidance
at 2Q22
15.8
~14.5
2023 target 2025 target
Full Time Employees²
52k
9M22
~(17)%
~43k
2025
Actions already mandated represent
2/3rd of 2023 savings:
■
Clear visibility on 2023 cost reduction²
Investment Bank
Capital
Cost
2,700 FTE reduction or 5% of FTE base
already underway
▪ 50% reduction on consultancy spend
initiated in 2H22
▪ 30% reduction in contractor spend
initiated in 2H22
▪ On track for estimated CHF 200 mn
technology and operations exit cost
savings in 2022
36
1 Adjusted operating expenses at constant 2022 FX rates and on constant perimeter, before impact of Securitized Products transaction and other divestments 2 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
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