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Investor Presentaiton

y-o-y %, 4Q MA Investment is rebounding strongly Modified investment well up on pre-pandemic but likely bolstered by one-off factors Computer hardware investment, data centres and new dwelling construction driving modified investment Irish investment since pre-pandemic has strengthened comparatively in recent quarters ༠ཋ °ŞR¥ -10 -20 -30 -40 I I I I 2000 2005 2010 2015 2020 Investment Building & Construction Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Index, Q4 2019 = 100 125 115 105 95 85 75 Q4' Q1 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019 2020 2021 2022 Investment ex B&C -Ireland - United Kingdom United States - Germany France Source: CSO Source: CSO, BEA, DESTATIS, ONS, INSEE Note: Ireland metric is modified investment, which strips out multinational activity 18
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