2022 Interim Results - Debt Investor Presentation

Continued strategic progress in the UK Retail UK Net interest income Bank of Ireland 2022 Interim Results - Debt Investor Presentation Strong operating performance in H1 2022 H1 2021 H1 2022 £268m £292m Other income (incl JV) (£6m) £10m Costs (£121m) (£125m) • Operating profit £141m £177m • pre-impairment Impairment (£2m) (£10m) Underlying profit /(loss) £139m £167m Cost income ratio Loan book 45% £23.6bn Deposits £16.9bn NIM 1.95% 43% £20.2bn £13.8bn 2.29% . Sustained improvement in profit and efficiency 60% 56% £141m £177m • 9% increase in net interest income reflects higher net interest margin (+34bps y/y), supported by lower funding costs and strong momentum from 2021 lending activity £4m y/y increase in costs reflects digital and service investment UK macro outlook has softened in 2022, but modest impact on asset quality at end H1 22. Impairment loss of £10 million reflects portfolio activity and the current economic environment Lending balances lower (£20.2bn Jun 22 vs £21.9bn Dec 21), in line with strategy, and commercial focus on value over volume Deposit book lower (£13.8bn Jun 22 vs £15.8bn Dec 21), supporting margin improvement Strategic actions delivering sustainable returns • £111m £97m 45% 43% . H119 H1 20 H121 H1 22 Cost Income ratio • Growth in Bespoke¹ mortgage lending, with higher margins and typically lower LTV vs standard mortgages - Bespoke 53% of new lending in H1 22 (vs 3% in H1 19 and 21% in H1 21) Bespoke margin dynamics outperforming standard in H1 22 Deleveraging expected to continue in H2 22; pace to reflect ongoing pricing discipline Competitive market conditions and macro environment reinforce our UK strategy focused on a smaller, more profitable balance sheet ■Operating profit pre-impairment (incl. JV) 1 Bespoke is a personalised and flexible underwriting service for good quality more complex cases Bank of Ireland 7

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