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Investor Presentaiton

Service exports have been very strong post-crisis; goods exports excluding contract manufacturing slower Cumulative post-crisis exports (4Q sum to end-2008 100, current prices) Ireland has tripled its share of global service exports in the last 15 years 210 3.0% 200 Large increase in exports 190 exaggerated by contract 2.5% 180 manufacturing* 170 2.0% 160 150 1.5% 140 130 1.0% 120 110 0.5% 100 Patent Cliff 90 0.0% 2009 2010 2011 2012 2013 2014 2015 2016 1980 1984 1988 1992 1996 2000 2004 2008 2012 Contract Manufacturing* Goods ex. CM Services Exports Irish Services Export (% of Global Share, RHS) Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Source: CSO, NTMA calculations, * Contract manufacturing proxy used see pg 30; WTO 24
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