Anglo Irish Bank

1
Anglo Irish Bank
Ireland Lower Risk Higher Growth
Davy Irish Equity Market Conference
London 20 May 2003
Willie McAteer Group Finance Director
2
Overview of performance
Excellent results in six-month period to March
2003
We are confident our strategy will continue to
deliver superior shareholder returns over each of
the next five years
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Selected Financial Highlights March 2003

• Pre-tax profit 154.5m
• Earnings per share 33.55c
• Dividend 4.87c
• Total assets 21,970m
• Tier 1 capital ratio 8.5

Lending by region
Profit by region
4
Total Loan Growth
19
Total loan growth of 2.6bn across all our core
markets strong performance
5
Loan Growth - Ireland
16
Underlying loan growth of 1.2bn
6
Loan Growth - UK
22
Underlying loan growth of 1.1bn
7
Loan Growth - Boston
33
Underlying loan growth of 247m
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Total Funding
16
Strong growth in Group funding
9
2003 Interim Results - Cost/income ratio
29.5
Efficient business model 70 of all
incremental income flows through to profit
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Shareholder Equity Growth
64
64 increase in ordinary shareholder equity in
past 18 months
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Focused Business Model
Anglo Irish Bank
Centralised Business Model
Wealth Management
Business Lending
Treasury
People
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The Anglo Ethos

• Simple, uncomplicated focus
• Bespoke product offering
• Service driven
• Proprietorial culture lending our own money
• Professional

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Not just another universal bank

• We dont provide
• Checking accounts
• Overdraft / working capital facilities
• Residential mortgages
• Personal lending
• Credit cards

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Lending Model
1. Cashflow
ASSET QUALITY
3. Recourse
2. Security
15
Non Lending Revenues

• Supplements lending income
• Diversifies our earnings base
• without utilizing capital
• Leverages our existing capabilities skills
• Ability to achieve sustainable income and growth

16
Future

• Continue to follow our proven strategy
• Lending operations - Ireland, UK, Boston
• Treasury Sales Ireland, UK, USA
• Wealth Management - Ireland, Isle of Man,
  Mainland Europe
• Retain centralised business model
• Asset quality - not sacrificed for volume growth
• Continued growth and diversification of funding
  base
• Acquisitions - only if in line with our strict
  criteria

Consistent strategy should deliver superior
shareholder returns of 15 per annum
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Future
Profit growth of 15 compound per annum will
deliver
18
Opportunity
m
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Further Information

• For additional information, please contact any of
  the individuals below.

Sean FitzPatrick Chief Executive Officer Direct
Tel [phone] E-mail seanfitzpatrick_at_anglo
irishbank.ie
Willie McAteer Chief Financial Officer Direct
Tel [phone] E-mail williammcateer_at_angloi
rishbank.ie
Tiarnan O Mahoney Chief Operating Officer Direct
Tel [phone] E-mail tiarnanomahoney_at_anglo
irishbank.ie
John Rowan Managing Director UK Direct Tel
4420 7710 7020 E-mailjohnrowan_at_angloirishbank.co
.uk
Matt Moran Associate Director, Group
Finance Direct Tel [phone] E-mail
mattmoran_at_angloirishbank.ie
Anglo Irish Bank, Stephen Court, 18/21 St.
Stephens Green, Dublin 2 www.angloirishbank.com