ANGLO IRISH BANK

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ANGLO IRISH BANK
Continuing Growth Story

• UBS Financials Conference
• New York May 11, 2005

David Drumm Group Chief Executive
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Anglo Irish Bank

• Who are we?
• Focus on core business model
• History of growth
• Interim results H1 2005 released May 4
• Future strategy

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Focused niche player

• Ireland, UK, US
• Term, secured lending
• Service sector

Business Lending

• Ireland, UK, US
• Funding
• Corporate Treasury Sales

Treasury

• Austria, Ireland, Switzerland UK
• Private Banking
• Wealth creation/preservation

Wealth Management
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Not a Universal Bank

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

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Profit drivers
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Core business Lending

• Secured term lending to businesses in Ireland, UK
  and N.E. USA
• Service / professional sectors
• Owner drivers
• Certainty of execution

Responsiveness, flexibility certainty
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Lending Model
2. Cashflow
1. People
ASSET QUALITY
4. Recourse
3. Security
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Centralised model

• Weekly credit committee in Dublin
• Key benefits Credit control Empowerment of
  lenders

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Lending - Ireland
Centralised model
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Lending - UK
Centralised model
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Lending - USA
Centralised model
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Centralised model

• Weekly credit committee in Dublin
• Key benefits Credit control Empowerment of
  lenders

Direct access to decision makers
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How do we win business?

• Market positioning
• We deliver
• Responsiveness
• Flexibility
• Certainty of Execution
• Repeat business

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History of profitable growth
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Lending
(bn)
37 CAGR
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Total assets
(bn)
34 CAGR
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Cost / income ratio
28
Powerful business model shareholder value
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Profits
(m)
39 CAGR
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EPS
(cent)
34 CAGR
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Interim results Six months ended 31 March 2005
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Overview of Performance
Excellent results for 6 months to 31 March 2005
Market leading growth in H1 2005
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Interim Profit Loss Account Overview
m H1
2005
2004
Reported pre-tax profit 308.4 228.6
EPS - c
66.70 51.42 EPS - c (post share split)
33.35 25.71
Record profits and EPS
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2005 Balance Sheet - Overview
Total assets 39.9 34.2 Loans 28.7
24.4 Funding 34.5 29.0
Restated at Mar - 05 currency exchange rates
Strong balance sheet
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Total loan growth
18
bn
Mar-05
Sep-04
Restated at Mar 05 currency exchange rates
Excellent growth, stable margins
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Loan growth - Ireland
19
bn
Mar-05
Sep-04
Underlying loan growth of 2.6bn
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Loan growth - UK
15
11.3
9.9
Underlying loan growth of 1.4bn
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Loan growth - USA
26
m

Mar-05
Sep-04
Restated at Mar - 05 currency exchange rates
Underlying loan growth of 326m
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Asset quality
As at 31st March 2005
Excellent asset quality
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Non business lending revenues
Wealth management 44 38 Treasury Sales 30
19 74 57
Strong growth in all areas
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The Future
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Work in progress
m
Restated at Mar - 05 currency exchange rates
Expanding franchise continuing strong growth
in W.I.P
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Strategy / Outlook
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Key markets growth potential

• Ireland 30 yrs
• UK 20 yrs
• USA 7 yrs

Significant opportunity over time
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Focus

• Focus is everythingto us
• Focus - Market position
• Focus - Asset quality
• Focus - People
• Focus - Delivery

Concentrate where we can add real value
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Continuing growth story