Investor Presentaiton

Consumption-led recovery underway Strong recovery in spending data in Q2 (+14.5%) maintained in Q3 (+0.5%) Recovery in spending began in Q2 (y-o-y growth) but Q3 disappointed a bit vs. consensus in terms of growth 20% 15% 10% 5% 0% -5% -10% -15% -20% 2006 2008 2010 2012 2014 2016 2018 2020 Spending continued into Q4: now seven straight months of card spending in excess of 2019 levels 60% 40% 20% 0% -20% -40% וי Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 Investment Other Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Consumption ...... MFDD ■Spending on debit and credit cards (y-o-y change) I Spending on debit and credit cards (versus 2019 average) Source: CSO, CBI * MFDD is a domestic demand series, it accounts for multinational activity and known technically as modified final domestic demand (excludes inventories) ** CBI spending data is nominal data and not seasonality adjusted May-21 Jul-21 Sep-21 Nov-21 12

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