Thursday, 20th May 2015 Presentation to Barry O’Dowd Manager Emerging Business & New Forms of Investment Thursday, 20th May 2015

IDA Ireland - Structure & Role Government Department of Enterprise, Jobs & Innovation IDA Board Overseas Offices Sector Divisions Regional Offices Irish Government Agency with a mandate to secure Foreign Direct Investment into Ireland. An autonomous body with its own Board of 12 appointed members plus IDA CEO. Targeting long-term, sustainable investments from leading corporate investors.

IDA Ireland offices Beiging Austin

IDA’s New Strategy 2015-2019

Docklands - Technology Occupiers Foreign Direct Investment in Ireland Docklands - Technology Occupiers .

IDA Focus across Industry Segments Leading MNCs 2nd Tier High Growth Companies

Current Impact of FDI €8.5 billion €22.4 billion €124.5 1,195 IDA Portfolio Companies: 632 from the US €22.4 billion €1.4 billion Business Expenditure on R&D 174,500 €124 billion

FDI led export sector plays an important role High value exporting sector was key to supporting economy through restructuring. Current account essentially measures whether the country is paying its way in the world, i.e. exports larger than imports.

Economic Growth Irish growth forecast at 4.7% for 2014 - the fastest rate in Europe Unemployment, has now fallen for almost three years down to 10% from peak of 15.1% Labour market has added over 95,000 jobs since end 2012 Job growth is feeding through to tax, with income tax up 9% in 2014. Bond yields are at record lows (7-year issuance at 0.93% on January 5th) All major agencies, Moody’s, S&P and Fitch, upgraded their rating of Irish long-term debt during 2014. Source: CSO, NTMA

IDA Ireland Business Focus Information & Communication Technologies Global Business Services High Value Manufacturing Research, Development & Innovation Life Sciences & Food Engineering, Industrial & Clean Industries Content Industry, Consumer & Business Services International Financial Services

ICT Sector: Activities

Financial Services Sector Overview 80+ leading Global Banks 8 of the top 10 Global Fund Administrators 41% of World’s Hedge Funds serviced from Ireland No.1 location in Europe for Cross Border Life Insurance 9 of the Top 20 Global Financial Technology Companies 50% of world’s commercial aircraft owned / managed from Ireland Activities in Ireland International Headquarters Global Transaction Services Operations Centres Corporate Treasury Customer Support International Payments Asset Management Fund Administration Services Aircraft Leasing Innovation Labs Compliance & Risk Software Engineering

Ireland: A Home to Emerging Companies 13

Ireland’s FDI Value Proposition

Corporation Tax: Rate, Regime, Reputation Continued commitment to maintaining the 12.5% rate Reputation: Amending company residence rules to end to the ‘Double Irish’. Regime: Enhancement to Intellectual Property offering Enhancement to R&D offering Enhancements to income tax offering, including SARP Increased resources for Revenue’s ‘competent authority’ function so that they can assist multinational taxpayers in transfer pricing disputes with other jurisdictions

Property Solutions – Key Part of Value Proposition

Thank you