Investor Presentaiton

BOI Overview Income Statement Bank of Ireland 2018 Results Announcement 33 33 FY 2014 FY 2015 FY 2016³ FY 20174 FY 2018 (€m) (€m) (€m) (€m) (€m) Total income 2,974 3,272 3,126 3,049 2,805 - Net interest income 2,358 2,454 2,298 2,248 2,146 - Other income (net) before additional gains 448 591 677 727 650 - Additional gains 168 227 151 74 9 Operating expenses (1,601) (1,746) (1,741) (1,796) (1,739) Transformation Investment charge¹ (41) (104) (113) Levies and Regulatory charges (72) (75) (109) (99) (101) Operating profit pre-impairment 1,301 1,451 1,235 1,050 852 Net impairment (losses) / gains (472) (296) (178) (15) 42 Share of associates / JVS 92 46 41 43 41 Underlying profit before tax 921 1,201 1,098 1,078 935 Non core items (1) 31 (63) (226) (100) Profit before tax 920 1,232 1,035 852 835 Net interest margin Cost/income ratio² Dividend per share 2.11% 2.19% 2.20% 2.29% 2.20% 54% 53% 57% 62% 66% 11.50 16.0c 1 Transformation Investment charge was previously disclosed as 'Core Banking Platform Investment charge', it has been updated to include the broader scope of Transformation covering Culture, Systems and Business Model 2 Cost/income ratio is calculated as operating expenses (excluding levies and regulatory charges) divided by total income 3 Comparative figures for 2016 have been restated to reflect the impact of the reclassification of the charges relating to the Central Bank of Ireland's Tracker Mortgage Examination Review as non-core and the impact of the voluntary change in the Group's accounting policy for Life assurance operations 4 Comparative figures have been restated to reflect the impact of the reclassification of €7 million of costs from the Transformation Investment charge (formerly the Core Banking Platform Investment charge) to Operating expenses (before Transformation Investment and levies and regulatory charges) for 2017 Bank of Ireland

View entire presentation