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Irish Continental Group plc

Irish Continental Group plc. 2008 Interim Results Presentation. ICG Profile. Capital Employed. 1. Irish Ferries Leading ferry company operating between UK/ Continent and Republic of Ireland 2. Ship Chartering Division 2 vessels on long-term charter 3. Container Division

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Irish Continental Group plc

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  1. Irish Continental Group plc 2008 Interim Results Presentation

  2. ICG Profile Capital Employed 1. Irish Ferries • Leading ferry company operating between UK/ Continent and Republic of Ireland 2. Ship Chartering Division • 2 vessels on long-term charter 3. Container Division • Container stevedoring terminals in Dublin & Belfast • Leading container operator between Ireland and the Continent 59% 26% 15%

  3. ICG – Group Results * Including €3.8m profit on sale of Normandy ** Before non-trading items and net expected return on defined benefit pension assets less liabilities *** Before non-trading items

  4. Redemption No redemptions during 2007 due to offers for Company Redemption of 100 cent paid in April 2008 Base going forward of 75 cent per share

  5. ICG Cash Flow * Excludes profit on sale of MV Normandy

  6. ICG Fuel Costs

  7. Ferries Division • Irish Ferries • 4100 sailings - UK • 300 sailings - France • Ship Chartering • 2 Ferries on charter to P&O firm to 2010 • P&O hold options to 2013

  8. Ferries Division * Includes €3.8m profit on sale of MV Normandy

  9. Irish Ferries Routes 16 Ships 13 Ports 17 Routes

  10. Irish Ferries - Fleet Ulysses Jonathan Swift Challenger Jonathan Swift

  11. Irish Ferries - Fleet Isle of Inishmore Ulysses & Jonathan Swift Challenger Oscar Wilde

  12. Passenger Market CAGR

  13. Cars Market CAGR

  14. Market Share - Cars 000’s Republic of Ireland – UK & France 50% 51% 47%

  15. Distribution

  16. RoRo Market CAGR

  17. Market Share – Ro Ro Republic of Ireland – UK & France 000’s 28% 29% 29%

  18. RoRo Capacity Central & Southern Corridors ( incl. Warrenpoint ) Increased capacity principally from Seatruck newbuilds Capacity expressed as 16.5 metre equivalent units

  19. Irish Ferries Revenues 2007

  20. Irish Ferries Costs 2007

  21. New Vessel Oscar Wilde • Ireland / France routes 2008 • Major quality upgrade – Cruise standard • Increased Freight capacity • €51 million investment including modifications

  22. Ship Chartering Pride of Bilbao Kronprins Harald Challenger Kaitaki

  23. Ship Chartering • Pride of Bilbao and Kaitaki on charter to 2010. P&O has options to renew to 2013

  24. Container Division

  25. Operations • Container Routes • Ireland / Continent - Door to Door plus Quay to Quay • UK / Continent - Quay to Quay container movement • Port Terminals • DFT Terminal in Dublin - €30m expansion, 2008 – 2009 • BCT Terminal in Belfast - 2007 first full year

  26. Container Routes

  27. Container Routes

  28. Container Terminals • Dublin Ferryport Terminal (DFT) • 150 year lease of 33 acres from 1972 • Direct access to new Port Tunnel • 480 metres of berths – 300m at 9.5m depth and 180m at 11m depth 1.5 Million Teu in 2007

  29. Container Terminals • Belfast Container Terminal (BCT) • 11.5 acre site • 150m quay wall at 7.5m depth

  30. Container Handling Irl. Market Share 21% in 2007 CAGR

  31. Outlook • Challenging trading environment • First Half 2007 – Once-off benefits from competitor disruption • Benefit from Oscar Wilde additional Freight capacity • Additional DFT capacity at Dublin Port • Higher Fuel Costs • Need for higher prices to pay for fuel • Frequency of fast ferry service under review • Speculation on the future of Dublin Port?

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