Credit Suisse

Tl;dr: 3 examples of presentations prepared by Credit Suisse for their clients in real transactions. Learn how investment bankers do their job by seeing real examples of the PowerPoints they create.

Credit Suisse Investment Banking Presentation Examples

Here are 3 presentations to check out.

Hit the button that looks like a box to open it up full screen for your viewing pleasure!

Newstar Financial, Inc.

About

NewStar Financial, Inc. is a specialized financial services firm headquartered in Boston, Massachusetts, established in 2004. The company focuses on providing customized debt financing solutions to middle-market companies through various lending and credit management services. Its primary business activities include direct lending, managing middle-market loans, and offering a range of investment management products.

NewStar’s business model emphasizes credit-oriented strategies, which include senior secured loans, asset-based lending, and senior secured cash flow lending. The firm has been involved in numerous acquisitions and divestitures over the years, notably selling its $2.4 billion middle-market loan and credit investment portfolio to GSO Capital Partners as part of its strategic transition from a balance-sheet-driven commercial finance company to an investment manager of third-party assets.

In 2017, NewStar was acquired by First Eagle Investment Management, an independent investment management firm. This acquisition aimed to enhance First Eagle’s investment lineup by incorporating NewStar’s established middle-market direct lending platform. Post-acquisition, NewStar continues to service its investment portfolio, leveraging its expertise to offer continued support to its clients.

Deck

Wuxi Pharmatech

About

WuXi PharmaTech, now known as WuXi AppTec, is a global pharmaceutical, biotechnology, and medical device R&D services company. Founded in 2000 and headquartered in Shanghai, China, the company provides an extensive range of services aimed at expediting the drug discovery and development process. Its services span the entire R&D spectrum, from laboratory and manufacturing services to clinical trial management and regulatory support.

WuXi AppTec operates with a robust business model that includes both open-access R&D platforms and comprehensive manufacturing capabilities. These platforms enable pharmaceutical and biotech companies to accelerate their R&D processes while reducing costs. The company’s key service areas include small molecule drug discovery, development, and manufacturing, as well as cell and gene therapy production.

In recent years, WuXi AppTec has continued to expand its global footprint and capabilities. It has major operations in both China and the United States, and it serves clients worldwide. The company has also been active in mergers and acquisitions, including the purchase of AppTec Laboratory Services in 2008, which enhanced its biologics testing capabilities.

Despite facing challenges such as U.S. legislation targeting Chinese biotech companies, WuXi AppTec remains optimistic about its growth prospects. In 2023, the company reported revenues of approximately $5.6 billion, with significant contributions from its U.S. operations. For 2024, WuXi AppTec projects continued revenue growth, driven by ongoing expansion projects and increased demand for its comprehensive R&D services.

WuXi AppTec’s strategic vision is to become the most comprehensive capability and technology platform in the healthcare industry, enabling its partners to bring innovative treatments to market faster and more cost-effectively

Deck

Cumulus Media Inc

About

Cumulus Media Inc. is a leading audio-first media and marketing services company headquartered in Atlanta, Georgia. The company engages with over a quarter billion people every month through a diverse array of content and platforms. Cumulus Media operates 401 owned-and-operated radio stations across 85 markets in the United States, offering high-quality local programming. Additionally, it delivers nationally syndicated sports, news, talk, and entertainment programming through partnerships with iconic brands such as the NFL, NCAA, CNN, and the Academy of Country Music Awards.

Cumulus Media also operates Westwood One, the largest audio network in America, which connects with listeners through more than 9,800 affiliated stations. The company’s rapidly growing podcast network features original, thought-provoking content that appeals to a wide audience.

In terms of financial performance, Cumulus Media reported a total revenue of $200 million for the first quarter of 2024, reflecting a slight decline of 2.7% from the previous year. Despite the challenging advertising environment, the company saw a 25% increase in digital marketing services revenue and a 7% rise in total digital revenue. Cumulus Media has successfully refinanced its capital structure, securing five-year maturities and reducing its principal debt by approximately $33 million.

For advertisers, Cumulus Media offers unique advantages, including personal connections, local impact, and national reach across various platforms, including digital, mobile, social, and voice-activated platforms. The company is known for providing guaranteed results to qualified local and network advertisers, a testament to its commitment to delivering effective marketing solutions.

Deck

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About Barclays Investment Bank

About Credit Suisse (Investment Banking M&A – Pre-March 2023 Merger)

• Historical Context: Prior to its acquisition by UBS, Credit Suisse was a long-established global investment bank with a significant M&A advisory franchise, historically considered part of the bulge bracket. It operated a full-service model, providing M&A advice alongside underwriting and financing capabilities across major global markets.
  • The bank had strong European roots, particularly in Switzerland, combined with a substantial US presence and operations in Asia Pacific. Key sector strengths traditionally included Financial Institutions (FIG), Financial Sponsors (leveraging its strong historical position in leveraged finance), Technology, Healthcare, and Industrials.
  • However, in the period leading up to the merger (particularly 2021-2022), the Investment Bank faced significant headwinds from reputational damage (e.g., Archegos, Greensill), mounting losses, strategic uncertainty, and significant talent attrition, which impacted its overall standing and M&A momentum.

Rankings (Reflecting Performance in 2021/2022 – Pre-Merger)

Credit Suisse’s M&A rankings showed resilience but also reflected the growing challenges the bank faced.

• Global: In the years preceding the merger (e.g., FY 2021, FY 2022), Credit Suisse typically ranked as a Top 10 global M&A advisor, often placing in the 6th to 9th range globally by announced deal value, according to major league table providers. Its position could fluctuate depending on the period and methodology.
• USA: Maintained a solid Top 10 position in the competitive US market during this period.
• Europe: Remained a strong player, frequently ranking within the Top 5 to Top 10 in Europe, leveraging its Swiss base and sponsor relationships.
• Note: Rankings in late 2022 and very early 2023 likely reflected increased pressure due to the bank’s widely publicized difficulties and talent departures.

Key Changes (Leading up to the March 2023 Merger)

The period before the merger was defined by significant turmoil and attempts at radical transformation:

• Major Strategic Overhaul (Late 2022): Credit Suisse announced a fundamental restructuring aimed at drastically reshaping its Investment Bank.
  • A key element was the plan to carve out much of the advisory and capital markets business into a revived CS First Boston (CSFB) brand, intended to operate as a more independent, advisory-focused boutique model, potentially with external capital.
  • This overhaul aimed to significantly reduce risk-weighted assets and refocus on less capital-intensive businesses.
• Leadership Changes: The restructuring involved significant leadership changes within the Investment Bank and at the Group level (Ulrich Körner became Group CEO in mid-2022). Michael Klein was designated to lead the planned CS First Boston entity.
• Significant Talent Drain: The most critical ‘change’ impacting the M&A division was the substantial and accelerating departure of senior M&A bankers throughout 2022 and early 2023. Uncertainty surrounding the bank’s future, restructuring plans, and bonus payouts led to a significant outflow of talent to competitors.
• De-Risking and Capital Reduction: A core strategic imperative was reducing the Investment Bank’s capital consumption and risk profile, potentially impacting its ability to commit large amounts of capital alongside advisory mandates compared to healthier peers.
• Focus Shift: The planned CSFB strategy signaled a move towards a more purely advisory-led model, attempting to separate it somewhat from the troubled parent bank.

Outcome

These restructuring efforts and the planned CS First Boston spin-off were ultimately overtaken by the crisis of confidence in March 2023, leading to the emergency, government-orchestrated acquisition by UBS. Following the merger, the independent Credit Suisse M&A franchise ceased to exist, with parts being integrated into UBS and significant portions wound down.

FT Rankings

Observations on Credit Suisse presentations

By virtue of being a newer player, their colours are more modern, as is their design to some extent.

About the Investment Banking Decks here

Investment banking presentations are rarely if ever, made public. When I was junior in M&A, it would have been so helpful to have access to see how banking decks were made and how other banks made them.

The issue is that they are never made available, so I set out to help you.

What you will find here

You will find 2-4 real M&A decks from one bank. They are in a fancy form of PDF you can open and go through (best on your computer). If you want to see more, there are options to purchase more access (which funds a little team of analysts to make updates).

If you want to see more, this is part of a collection of 67 free M&A presentations from the top 20 banks (based on ranking and also the quality of presentation for you to learn from).

Why the heck should you care?

Investment banks attracted the best and the brightest.

• Slide structure/design: Learn how complicated concepts are structured and designed in PowerPoint
• Analysis approach: See exactly how complex financial methods are presented
• Strategy and communication: M&A deals are not (normally, other than many Duff and Phelps decks) cookie-cutter. There’s a host of topics that need to be dealt with
• Morbid interest: I used to do this for a living, but it’s still interesting to see how PPT are made… but then maybe it’s just me and so FML 😉

Who this will help

• You want to work in banking: There are a lot of applicants. Knowing the job helps you answer questions
• You work in banking: Even if you’re an MD, you need to know how the best are structuring their thoughts/analysis
• You write presentations: You can’t buy learnings like this. You can learn from the slides
• You have a curious mind: Good for you

Want more IBD decks?

There are resources for you to purchase if they are helpful to you.

• I recommend “Premium” for anyone serious about learning slide structures.
• Get the “Pro” version if you are serious about learning about M&A decks (VP to MD).