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Investor Presentaiton

Number, thousand 15 10 ம Supply outlook uncertain Stronger supply in 2022 but 2023 supply could be impacted by costs/interest rates New Dwellings Completions* estimated to be less than 30,000** in 2023, below 2022 level Housing starts show supply chain issues and inflation has started to weigh on development 35 30 25 thousand 35 30 25 20 15 10 5 0 | 2016 2017 2018 2019 2020 2021 2022 2023 | 2015 2017 2019 2021 2023 2025 New Dwelling Completion All Connections Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Source: CSO Completions (new dwellings) Starts (advanced 12 months) Source: CSO, Department of Housing, Planning & Local Government Housing completions derived from electrical grid connection data for a property. Reconnections of old houses overstate the annual run rate of new building (all connections in graph). **CBI Forecast 65 59
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