Investor Presentaiton

Covid-19 impacted supply for 2020 and 2021 2022 may see rebound in supply Housing Completions* close to 25,000 in 2020; 20,000+ in new dwelling completions in 2021 Covid hampering supply for 2020-21 but recent housing starts show supply is responding 30000 25000 20000 15000 10000 5000 0 2015 2016 2017 2018 2019 2020 2021f 2022f I New dwelling completion Unfinished Reconnection Non-Domestic 35000 30000 25000 20000 15000 10000 5000 0 2017 2018 2019 2020 2021 2022 Starts (advanced 12 months) All connections Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Source: DoHPCLG, CSO, NTMA Calculations Completions (new dwellings) * Housing completions derived from electrical grid connection data for a property. Reconnections of old houses or connections from "ghost estates" overstate the annual run rate of new building. **2021 completions forecasted down 10-15% on 2020 based on market estimates, 2022 CBI Forecast 72 12

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