Credit Suisse Results Presentation Deck
Asset Management
Pre-tax income and NNA negatively affected by the challenging macro environment
Revenues
PCL/
Costs
Profitability
AuM
Balance
sheet
18
in CHF mn
Management fees
Perf., transaction & placement rev.
Investment and partnership income¹
Adjusted net revenues
Adjusted provision for credit
losses
Adjusted total operating expenses
Adjusted pre-tax income
Reported pre-tax income
Adjusted RoRC+
Reported RoRC+
Adjusted cost/income ratio
Assets under management in CHF bn
Net new assets in CHF bn
Risk-weighted assets in CHF bn
Leverage exposure in CHF bn
4Q22
231
30
25
286
1
300
(15)
(27)
(7)%
(13)%
105%
402
(11.7)
2
3Q22 4Q21 A 4Q21 2022 2021 A 2021
250
33
53
346
(1)
243
104
90
49%
43%
70%
411
(4.2)
3
286 (19)% 1,011
94 (68)%
114
19 32%
177
399 (28)% 1,302
(2)
308
93
93
45%
45%
77%
477
4.7
8
(3)%
n/m
n/m
(16) %
(1)%
3 (9)%
2
1,129
171
146
20%
17%
87%
402
(22.6)
8
340 (66)%
144 23%
1,621 (20)%
1,137 (11)% Adjusted net revenues down 28% vs. 4Q21
due to lower performance, transactions & placement revenues, reflecting
substantially reduced placement fees and investment related losses, and
lower management fees, primarily driven by a 16% decline in AuM
1,142
479
362
52%
39%
70%
477
14.6
8
3
(1)%
(64)%
(60)%
(16)%
(1)%
(9)%
Adjusted operating expenses down 3% vs.
4Q21
primarily driven by lower expenses related to the supply chain finance funds
matter and reduced commission expenses partly offset by higher
compensation and benefits
Pre-tax loss of CHF 15 mn
mainly reflecting declining net revenue levels
AuM down 16% YoY
or CHF 74 bn, of which CHF 50 bn is due to market and FX effects
Net asset outflows of CHF 11.7 bn
across traditional investments, in particular multi-asset, index solutions and
fixed income, alternative investments, in particular credit, and investments and
partnerships
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 Excludes real estate gains of CHF 2 mn in 2022, impairment on York Capital Management of
CHF 10 mn in 2022 and CHF 113 mn in 2021
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