Credit Suisse Results Presentation Deck
Driving strategic change at pace
Strategic priorities
7
Restructure the
Investment Bank
Strengthen and
reallocate capital
Accelerate cost
transformation
Progress update since 3Q22
▪ Securitized Products: Achieved ~2/3rd of targeted asset reduction since 3Q22, or USD ~35 bn reduction out of
USD ~55 bn in total
▪ Non-Core Unit: Reduced RWA and leverage exposure by USD ~5 bn and USD ~15 bn¹, respectively in 4Q22 through
proactive deleveraging and de-risking against a quarterly run rate target of USD ~2 bn and USD ~8 bn
▪ CS First Boston: Completed acquisition of the investment banking business of M. Klein & Company to strengthen advisory
capabilities
■
I
Completed capital raises of CHF ~4.0 bn, enabling strong CET1 ratio of 14.1% vs. target of at least 13.0% through
transformation period²
Completed debt issuances of CHF ~10 bn since October 27th, 2022; reduced funding needs over time as a result of the
strategic transformation
Progressed Securitized Products transaction to deliver further CET1 capital accretion; on track to complete in 1H23
▪ Initiated cost actions which represent ~80% of targeted CHF ~1.2 bn cost base reduction to be achieved in 2023
> Achieved reduction in number of employees of ~4% in 4Q22³
➤ Reduced contractor headcount by ~30%; reduced consultant headcount by ~20% in 4Q22
➤ Further operational transformation initiatives underway
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. Based on RWAs excluding Basel III reforms. Historical information presented according to the new
divisional structure is a preliminary estimate based on management accounts and subject to change 1 Excluding the impact from reductions in HQLA allocations 2 From 2023 through 2025
3 FTE reduction includes notified reductions in workforce who were on the payroll as of end of 3022 and 4Q22
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