ANGLO IRISH BANK

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ANGLO IRISH BANK
Keefe, Bruyette Woods European Banks Conference
Declan Quilligan Chief Executive UK London
19 September 2006
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Anglo Irish Bank
Interim Results Six Months Ended 31st March
2006
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2006 Interim Income Statement - Overview
m H1
2006
2005

• Pre-tax profit 375 277
• EPS cent 41.9 32.2

Record profits and EPS
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2006 Interim Balance Sheet - Overview
bn
Mar 2006
Sept 2005
Total assets 60.1 49.2 Lending 41.2
34.1 Funding 51.0 41.8 Shareholders funds
2.4 1.8
Strong growth across balance sheet
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Total Loan Growth
21
bn
7.1bn
Mar-06
Sep-05
Excellent growth of 7.1bn, stable margins
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Asset Quality
Total loans 41bn Non performing
loans 239m Total provisions 242m
Excellent asset quality strong NPL coverage
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Total Funding
22
bn
9.2bn
Sep-05
Mar-06
Significant increase in funding resources
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3 year Shareholders Equity Growth
195
m
Mar-03
Mar-06
Capital base has trebled since March 2003
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Summary of Key Ratios
Pre-tax profit 35 EPS
30 Total Lending 21 Total
Funding 22 Cost/income ratio 29 Return on
Equity 29
A good six months
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Work in Progress
bn
Mar 06
Sept 05
7.1
6.0
51
35
Ireland 3.2
Ireland 3.6
UK 2.5
UK 2.3
53
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USA 1.0
USA 0.5
14
8
Expanding franchise continuing strong growth
in WIP
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Anglo Irish Bank
Trading Statement 5 September 2006
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Trading Statement 5 September 2006

• Four key messages
• EPS upgrade ahead of consensusby above 3
  cent
• Buoyant lending activity all businesses
  enjoying strong year
• Asset quality robust
• WIP remains strong

Confident momentum will continue into 2007
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Future
Can the Anglo story continue?
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Constraints?

• Market potential
• Scalability of Anglo model
• People

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Market Positioning

• Not a universal bank specialist, niche bank
• Second banking relationship
• Bespoke, non-commoditised approach
• Easy for customers to do business with

Retaining clear, focused offering to customers
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Strict geographical focus
Three core markets
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Homogenous Markets

• Same language
• Similar legal systems
• Similar business cultures

Pro-business environments
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Geographic focus - opportunity
Big opportunity in each market over medium
long term
Opportunity is compelling
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Ireland

• 25 year history
• Deep franchise
• Relationship / repeat business
• Strong economic backdrop

Strong prospects in growing market
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UK

• 20 year history
• Strong franchise
• Market share vs. market size
• Active clients / repeat business
• London regional strategy

Compelling opportunity
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UK London Regional Opportunity
Birmingham (2001)
Market is 15 times larger than Ireland
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USA

• Building strong foundation
• Boston 1998 New York 2005
• Business model proven accepted
• Similarity in markets

Significant medium and long term potential
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Constraints ?

• Market Potential ?
• Scalability of Anglo Model
• People

Unique centralised structure
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Centralised Model
Consistent application of Credit Policy
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Centralised Model - Structural Advantages

• Every loan approved centrally no surprises
• Lenders attend Credit Committee weekly
• Reputation for consistency

Customers want certainty
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Constraints?

• Market Potential ?
• Scalability of Anglo Model ?
• People

Number and Quality
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Service Culture

• Our People .. our USP
• Highly people dependent
• Strong ability to retain attract talent
• Culture of ownership

Shareholder staff interests firmly aligned
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Summary

• Big organic opportunity
• Big focus on core markets
• Highly scalable model
• Asset quality never sacrificed for volume
• Ability to retain attract new talent

Generating superior shareholder value
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EXPERIENCE THE DIFFERENCE
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Further Information

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

Willie McAteer Finance Director Direct Tel 353
1 616 2310 E-mail williammcateer_at_angloirishbank.i
e
David Drumm Group Chief Executive Direct Tel
353 1 616 2001 E-mail daviddrumm_at_angloirishbank.
ie
Declan Quilligan Chief Executive UK Direct Tel
44 207 710 7020 E-maildeclanquilligan_at_angloirish
bank.co.uk
Tom Browne Managing Director - Ireland Wealth
Mgt Direct Tel [phone] E-mail
tombrowne_at_angloirishbank.ie
Matt Moran Chief Financial Officer Direct Tel
353 1 616 2559 E-mail mattmoran_at_angloirishbank.i
e
Anglo Irish Bank, Stephen Court, 18/21 St.
Stephens Green, Dublin 2 www.angloirishbank.com
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Broker Coverage