Credit Suisse Results Presentation Deck slide image

Credit Suisse Results Presentation Deck

Results excluding certain items included in our reported results are non-GAAP financial measures. Following the reorganization implemented at the beginning of 2022, we have amended the presentation of our adjusted results. Management believes that such results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation of our adjusted results to the most directly comparable US GAAP measures. Reconciliation of adjustment items (2/3) Investment Bank in USD mn Net revenues Real estate (gains)/losses Archegos Adjusted net revenues Provision for credit losses Archegos Adjusted provision for credit losses Total operating expenses Goodwill impairment Restructuring expenses Major litigation provisions Expenses related to real estate disposals Archegos Adjusted total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes 33 2Q22 1,150 1,150 57 57 2,258 (24) (63) (200) (4) (14) 1,953 (1,165) (860) 1Q22 2,096 (57) (19) 2,020 (169) 167 (2) 2,131 (39) (3) (12) 2,077 134 (55) 2Q21 2,017 542 2,559 21 (77) (56) 2,018 (32) (34) 1,952 Investment Bank in CHF mn Net revenues Real estate (gains)/losses Archegos Adjusted net revenues Provision for credit losses Archegos Adjusted provision for credit losses Total operating expenses Goodwill impairment Restructuring expenses Major litigation provisions Expenses related to real estate disposals Archegos Adjusted total operating expenses (22) Income/(loss) before taxes 663 Adjusted income/(loss) before taxes 3Q21 2Q22 1Q22 4Q21 1,109 1,938 1,666 2,514 (53) (17) 1,868 (156) 155 (1) 1,970 1,109 55 55 2,170 (23) (60) (191) (5) (13) 1,878 (1,116) (824) (23) 1,666 2,491 (7) (168) 5 188 (2) 3,661 1,841 (1,623) (25) (149) (8) (11) (19) 1,920 1,837 1,862 (36) 20 (3) 24 841 124 (1,988) (51) (169) 609 Swiss Bank in CHF mn Net revenues Real estate (gains)/losses (Gain)/loss on equity investment in SIX Group AG Adjusted net revenues Provision for credit losses Total operating expenses Restructuring expenses Expenses related to real estate disposals Adjusted total operating expenses Income/(loss) before taxes Adjusted income/(loss) before taxes 2Q22 1,050 (13) 10 1,047 18 630 (3) 627 402 402 1Q22 1,109 (84) (3) 1,022 23 615 (1) 614 471 385 4Q21 1,209 (205) 35 1,039 (4) 606 605 607 438 3Q21 1,053 (4) 1,049 3 596 596 454 450 CREDIT SUISSE 2Q21 1,023 (4) 1,019 (21) 599 (3) (4) 592 445 448
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