{ "docId": "019de073-1d90-732b-a9cd-c663b7f34e07", "docSlug": "2a2eb5dc9fef24e616bd89095ee65e75", "documentTitle": "Credit Suisse | Results Presentation Deck | 36 slides", "authorId": "credit-suisse", "authorName": "Credit Suisse", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-07-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 4, "pageCount": 36, "prevPage": 3, "nextPage": 5, "slideType": "key_messages", "function": "summarize", "density": "overcrowded", "nDataPoints": 12, "notes": "The slide uses a 3x3 grid layout to categorize key performance and strategic updates.", "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de073-1d90-732b-a9cd-c663b7f34e07/4", "deckHref": "/decks/019de073-1d90-732b-a9cd-c663b7f34e07", "deckJsonHref": "/decks/019de073-1d90-732b-a9cd-c663b7f34e07.json", "deckAnchorHref": "/decks/019de073-1d90-732b-a9cd-c663b7f34e07#slide-4", "components": [ { "bbox": { "h": 0.05, "w": 0.7, "x": 0.05, "y": 0.92 }, "kind": "disclaimer", "text": "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 Measured using adjusted operating expenses at constant 2021 FX rates", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "693579ad-3035-47ff-97cf-8e49a5cf0c71", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.7, "w": 0.2, "x": 0.02, "y": 0.15 }, "kind": "list", "text": "Financials, Strategy, Risk, Litigation and Regulatory remediation", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "cd255c55-6d4b-4250-8284-8f0aa3a5996a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.2, "x": 0.72, "y": 0.4 }, "kind": "paragraph", "text": "Third-party capital: Evaluating strategic options for our market leading Securitized Products business to attract third-party capital", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4656e315-53ae-4aea-97e1-edc943bc84d0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.2, "x": 0.72, "y": 0.15 }, "kind": "paragraph", "text": "13.5% CET1 ratio; 4.3% CET1 leverage ratio; 6.1% Tier 1 leverage ratio. Achieved USD >3 bn IB allocated capital reduction ambition", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4d887009-bf67-4e40-98dd-048ee01c990d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.2, "x": 0.5, "y": 0.15 }, "kind": "paragraph", "text": "CHF (1.2) bn reported pre-tax loss including CHF (0.4) bn of major litigation provisions, CHF (0.2) bn of Allfunds-related losses and CHF (0.1) bn of restructuring charges", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5e55e2fb-ffb0-42d7-a9cd-26c519e64ddd", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.2, "x": 0.28, "y": 0.4 }, "kind": "paragraph", "text": "Strategic pivot: Ongoing strategic review to further materially pivot to Wealth Management, Swiss Bank and Asset Management. Transformation of our Investment Bank towards a less complex, capital-light, advisory-led and connected model", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6e89876d-9d9b-4c84-84d6-9008c99009be", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.2, "x": 0.28, "y": 0.15 }, "kind": "paragraph", "text": "CHF (0.4) bn adjusted pre-tax loss driven by USD (0.9) bn adjusted pre-tax loss in the Investment Bank", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "74ded89d-5028-420b-b58f-57efa9da49ad", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.2, "x": 0.5, "y": 0.4 }, "kind": "paragraph", "text": "Comprehensive Group cost efficiency program: targeting absolute cost base of CHF <15.5 bn in the medium-term supported by broader cost efficiency and digital transformation plan", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bba7c670-bc34-4dd2-a292-18748060cc93", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.2, "x": 0.28, "y": 0.65 }, "kind": "paragraph", "text": "Risk reduction: 7% YoY reduction in Group credit portfolio, including 15% reduction in NIG portfolio and 18% reduction in EM portfolio; >70% reduction in Russia net credit exposure since end of 2021", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "db24c10b-5e20-4ab2-aabd-c6702c2f048d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.2, "x": 0.72, "y": 0.65 }, "kind": "paragraph", "text": "Regulatory remediation: Continued progress on regulatory remediation supported by the Strategic Regulatory Remediation Committee set up to oversee delivery on our regulatory programs", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e360f236-9998-4fd0-9d7e-97766e1ff118", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.2, "x": 0.5, "y": 0.65 }, "kind": "paragraph", "text": "Proactive approach to resolving legal cases; major litigation provisions of CHF (0.2) bn for SEC/CFTC communications recordkeeping matter and CHF (0.2) bn for previously disclosed legacy matters", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f07ae294-850f-4987-b3d9-60b389f3befb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.3, "x": 0.02, "y": 0.02 }, "kind": "title", "text": "2Q22 key messages", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "995d76b2-7dcc-4e0b-ae85-5abfeaf71b5d", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Executive summary", "slug": "executive-summary", "agent": null, "layer": "slide", "matchId": "d502d758-ee6a-46b9-9578-b6b2f68ceb6a", "evidence": "paragraph/paragraph: Strategic pivot: Ongoing strategic review to further materially pivot to Wealth Management, Swiss Bank and Asset Management.", "confidence": 0.7 }, { "name": "List presentation", "slug": "list-presentation", "agent": null, "layer": "slide", "matchId": "bf4508e7-a476-46e6-92ef-9e758a7b86c6", "evidence": "list/bullet: Financials, Strategy, Risk, Litigation and Regulatory remediation", "confidence": 0.7 } ], "frameworks": [], "arcBeats": [ { "to": 6, "from": 4, "beatId": "2c43a71e-c3f3-4cc6-a367-5325a2bde6cb", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Attention", "beatSlug": "monroes-sequence-attention", "evidence": "Highlighting 2Q22 key messages and performance overview", "position": 0, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }