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JULY 2015 INVESTOR PRESENTATION – Credit Suisse

Credit Suisse · Jul 23, 2015 · 47 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 1
    Investor Presentation Investor Relations July 2015
  2. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 2
    Credit Suisse in a nutshell
  3. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 3
    Facts & figures Credit Suisse Group Solid financial performance and A balanced business portfolio4 strong asset gathering momentum1 Net revenues Strategic results2 in CHF bn (in/end of) 1Q15 2014 2013 2012 50% Private Banking &…
  4. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 4
    Credit Suisses focus Continue to execute on Private Banking & Investment Banking our strategy to be well Wealth Management 1 Grow high-returning franchise Focus on high-returning franchises with positioned for the Protecting net…
  5. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 5
    Staying focused and executing on our strategy Private Banking & Wealth Management A portfolio of attractive businesses PB&WM strategic Growing revenues through growth in lending/mandates Driving lending growth in UHNWI client segment…
  6. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 6
    Diversified business portfolio delivering strong and consistent returns Investment Banking Return on regulatory capital2 strategic Optimizing delivery and product set across Investment Banking to support growth in PB&WM 17% Quarterly…
  7. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 7
    Transforming a leading integrated bank towards higher returns and growth
  8. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 8
    Results against Key Performance Indicators Credit Suisse Group Strategic Reported KPIs 2012 2013 2014 1Q15 2012 2013 2014 1Q15 Return on equity 15% n.a. 13% 12% 12% 4% 6% 4% 10% Group Cost/income ratio 75% 72% 72% 72% 91% 85% 87%…
  9. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 9
    Healthy returns contributing in redeploying capital to fund Private Banking & Wealth Management growth Healthy returns demonstrate effectiveness Increase capital allocation to of the business model Private Banking & Wealth Management…
  10. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 10
    Reallocation of resources to capture growth in emerging markets Wealth Management Clients Assets under management mix Presence Present in 26 emerging countries and focus Strong focus on UHNWI segment Mature 65% 64% markets 63% 61%…
  11. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 11
    Consistent expansion of UHNWI segment with successful lending growth Wealth Management Clients AuM distribution by segment Net new lending to UHNWI in CHF bn 5.6 100% Asia North America 14% Pacific 27% Switzerland 16% 2014 52%…
  12. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 12
    Consistent returns driven by continued momentum in market-leading Strategic businesses Investment Banking Strategic Strategic businesses (market share position vs. return on regulatory capital) High % of 1Q15 Optimize risk and capital…
  13. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 13
    Further progress in delivering expense reduction in 1Q15 Credit Suisse Group Cost reduction program in CHF bn Continued reductions expected in 2015 albeit with Infrastructure increased risk, compliance and regulatory costs Private…
  14. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 14
    Further progress on strengthening capital and leverage
  15. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 15
    Look-through CET1 ratio of 10% notwithstanding risk-weighted assets increase from regulatory and related methodology changes and employee share purchases Credit Suisse Group Look-through Basel 3 capital ratios Current Look-through…
  16. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 16
    Estimated BCBS leverage exposure progression to end-2015 Investment Banking Leverage exposure in USD bn Strategic Non-strategic 851 794 756 (11%-14%) 697 (38) (15) (23) 600 - 620 (11) (10) (15-20) (22-27) (15-20) (22-27) 771…
  17. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 17
    Shift resources to focus on growth in high returning businesses
  18. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 18
    Accelerated move to more balanced business mix and further operating efficiency to drive returns improvement Leverage exposure Private Banking & Wealth Management Group Basel 3 RWA Capital end period in CHF bn Return on regulatory…
  19. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 19
    Significant progress in risk-weighted asset and leverage reduction; run-off profile expected to significantly reduce pre-tax income drag over time Non-strategic units Expected reductions in non-strategic units in CHF bn Non-strategic…
  20. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 20
    Supplementary information
  21. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 21
    Supplemental slides Slide Credit Suisse Core results overview 23 Look-through leverage ratios 24 Swiss capital and leverage ratio phase-in requirements (glide path) 25 Group expense reduction 26 Currency mix & Group capital metrics…
  22. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 22
    Results overview Credit Suisse Core Results in CHF mn 1Q15 4Q14 1Q14 Net revenues 6,590 6,000 6,530 Pre-tax income 1,822 1,449 1,944 Strategic Cost / income ratio 72% 75% 70% Return on equity1 12% 11% 14% Net new assets2 in CHF…
  23. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 23
    Achieved 2019 Swiss Total Capital Leverage ratio requirement Credit Suisse Group Leverage calculation Look-through 3Q14 4Q14 4Q14 1Q15 1Q15 Look-through Swiss Total Capital in CHF bn Lev. ratio1 capital Lev. ratio1 capital Lev.…
  24. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 24
    Swiss capital and leverage ratio phase-in requirements for Credit Suisse during transition (glide path) Swiss capital and leverage ratio phase-in requirements for Credit Suisse for 2015 Low-trigger capital instruments1 High-trigger…
  25. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 25
    Achieved CHF 3.6 bn annualized expense savings through 1Q15 since expense measures announced in mid-2011 Credit Suisse Group Group expense reduction achieved in CHF bn Savings of CHF 3.6 bn 20.5 20.4 16.9 annualized…
  26. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 26
    Currency mix & Group capital metrics 1Q15 Currency mix Sensitivity analysis on Core results2 Applying a +/-10% movement on the average FX rates Credit Suisse Core results Contribution for 1Q15, the sensitivities are: CHF mn 1Q15 CHF…
  27. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 27
    Currency mix & Group capital metrics Sensitivity analysis on Core results3 2014 Applying a +/-10% movement on the average FX rates for 2014, the sensitivities are: Currency mix USD/CHF impact on FY14 pre-tax income by Credit Suisse…
  28. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 28
    Wealth Management Clients at the center of firm-wide collaboration, generating significant revenues in IB & AM Private Banking & Investment Wealth Management Banking Asset Management Key areas of collaboration, Key areas of…
  29. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 29
    Collaboration revenues Credit Suisse Group Collaboration revenues Core results in CHF bn / as % of net revenues Collaboration revenues target range 18% 18% of 18% to 20% of net revenues 16% 15% 15% Stable Collaboration Revenues…
  30. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 30
    Private Banking & Wealth Management A diversified loan book portfolio Gross loans in CHF bn, as of end 1Q15 Other5 Internal ratings Credit Suisse (8 or 99 or 42% Mortgages of funded gross exposure 3%) as of end 2014 Gross loans in…
  31. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 31
    Shareholders equity and look-through CET1 capital breakdown Credit Suisse Group Reconciliation of shareholders equity to look- 1Q15 Shareholders equity breakdown in CHF bn through CET1 capital in CHF mn 1Q15 43.4 43.4 Shareholders…
  32. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 32
    Reconciliation of return on equity, return on tangible equity and return on regulatory capital Credit Suisse Group 1 Calculated using income after tax, assumes tax rate of 30% and capital allocated on average of 10% of average RWA and…
  33. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 33
    Proposed evolution to Credit Suisse legal entity structure Indicative proposed entity structure (simplified view)1 Credit Suisse Group AG Holding Company Funding Entity3 Credit Suisse AG Operating Bank with branches2 Global…
  34. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 34
    Credit Suisse specific background Swiss resolution framework Post-resolution Resolution (by FINMA) Swiss Insolvency Framework Further BIO-FINMA includes bail-in as restructurings Restructuring Liquidation possible resolution tool…
  35. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 35
    Credit rating peer comparison Bank Holding Companies Moodys rating scale Aa3 A1 A2 A3 Baa1 Baa2 Baa3 Ba1 Fitch and S&P rating scale AA- A+ A A- BBB+ BBB BBB- BB+ HSBC F M S JPMorgan Chase F S* M Goldman Sachs F M S* Morgan Stanley F…
  36. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 36
    Credit rating peer comparison Bank Operating Companies Moodys rating scale Aa2 Aa3 A1 A2 A3 Baa1 Baa2 Fitch and S&P rating scale AA AA- A+ A A- BBB+ BBB HSBC M (P-1) S (A-1+) F (F1+) JPMorgan Chase M (P-1) F (F1+) S (A-1)…
  37. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 37
    Solid results in with a strong performance from Wealth Management Clients Private Banking & Wealth Management in CHF mn 1Q15 4Q14 1Q14 Strategic results Net revenues 2,970 3,206 3,031 Pre-tax income of CHF 938 mn as proactive actions…
  38. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 38
    Successfully implementing strategic measures Private Banking & Wealth Management Delivering on cost saving goals Expanding lending to UHNWI segment Increasing mandates penetration Total operating expenses PB&WM in CHF bn1 Cumulative net…
  39. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 39
    10% increase in pre-tax income Wealth Management Clients in CHF mn 1Q15 4Q14 1Q14 Strong start to the year with pre-tax income of CHF 636 mn Net interest income 741 695 706 Up 10% from strong 1Q14 Recurring commissions & fees 700 765 730…
  40. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 40
    Improved gross and net margin from 4Q14 Wealth Management Clients Net margin on AuM in basis points Net margin higher compared to both 1Q14 and 4Q14 29 30 27 Reflecting improved revenues and lower expenses Compared to 4Q14 the net…
  41. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 41
    Net new assets of CHF 7.0 bn Wealth Management Clients 1Q15 net new assets in CHF bn Annualized net new % assets growth rate Asia Pacific continues to be a key growth contributor at a 13% annualized growth rate 5% (3%) Outflows…
  42. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 42
    Credit Suisse with one of the strongest net new asset inflows Wealth Management Clients 228 226 Total net new assets 73 in USD bn 48 48 44 35 26 9 7 n.a. (2008 to 1Q15) 4 2,047 886 917 803 356 440 Assets under 292 381 318…
  43. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 43
    Continued growth in international businesses as Western European cross-border outflows remain within expectations Wealth Management Clients Net new assets1 in CHF bn 2009 2010 2011 2012 2013 2014 International More than 85% of total…
  44. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 44
    Higher returns and profitability reflect consistent Strategic results and significant reduction in leverage exposure Investment Banking in CHF mn 1Q15 4Q14 1Q14 Compared to 1Q14 Net revenues 3,626 2,748 3,540 Higher total return on…
  45. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 45
    Basel 3 risk-weighted assets movement Investment Banking Basel 3 risk-weighted assets in USD bn, end 1Q15 Fixed Income Equities Corporate Bank RWA RWA RWA Corporate 22 Bank Cash Equities Macro1 18 and Market 9 Making IBD…
  46. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 46
    1Q15 Non-strategic run-off profile Non-strategic units Illustrative reduction of Non-strategic pre-tax income drag CHF mn 1Q15 Movements in credit Realignment costs & Corporate Center Legacy funding costs Remaining Non-Strategic…
  47. JULY 2015 INVESTOR PRESENTATION – Credit Suisse – slide 47
    Credit Suisse Investor Relations credit-suisse.com/csgn investor.relationscredit-suisse.com +41 44 333 71 49 Credit Suisse Investor Relations Team Awarded 1st place in Extel survey: Investor Relations for banks in 2010, 2012 and…

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