Investor Presentaiton

Strong export performance Supported by trading partner growth, competiveness gains and a weaker euro Highly open economy - exports at record high and > 100% of GDP Exports 2014: 12.1% 2015f: 12.0% 2016f: 6.5% Leading destination for exporting multinationals 20 15 10- 5 0 -5- -10- -15- -20- Ireland Greece Competitiveness Spain EA UK Bank of Ireland Group Investment gaining ground Underpinned by strengthening domestic and external demand, high level of sentiment and FDI inflows FDI investments up 10% year-on-year in H1 2015 Investment 2014: 14.3% Construction picking up from a low base as the property market recovers 2015f: 14.2% 2016f: 8.5% 701 60 50 House completions up 14.4% year-on-year in Jan-Sept 2015 40 2013 Germany Graph shows change in unit labour costs 2009-2017. Source: EU Commission PMIS 2014 Services Euro area - Services Ireland Manufacturing Euro area Manufacturing Ireland Graph shows PMI indices. Source: Markit 2015 16

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