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Investor Presentaiton

Inflationary pressure broadening Re-opening and energy evident in inflation index Biggest pick-up in inflation concentrated in energy and Covid- hit sectors CPI inflation by COICOP divisions Inflation is broadening: 50% of products in CPI basket are seeing >5% annual inflation All Items Food & Non-Alcohol Alcohol & Tobacco Clothes & Footwear Housing & Utilities Furnishings, & HH Equip Health Transport Communication Recreation & Culture Education Restaurants & Hotels Misc Goods & Services y-o-y % -10 -5 0 5 10 15 20 100 90 25 25 80 70 60 do % 50 40 30 20 10 01 2015 2016 2017 2018 2019 2020 2021 2022 <0% 0-2% 12-3% 3-5% >=5% ▲ 1 year ago • 3 year average August 2022 Source: CSO Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Note: RHS shows distribution of annual inflation rates across all CPI items (unweighted). Source: CSO 16
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