Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697805632075.pdf (Ireland)
NAMA Briefing to the Committee of Public Accounts 30th September 2021 (w National Asset ,7 Management Agency NAMA.ie R0805 PAC33 NAMA Key Financial Highlights NAMA’s continued strong performance has enabled the Board to increase the projected lifetime surplus to €4.25 billion Profit  NAMA reported a profit after tax of €192m for 2020  2019 profit €265m Cash Generation  €920m cash generated during 2020 from disposal of assets and other non-disposal income  €46.6 billion cumulative cash generated from inception to date NAMA Dividend to Exchequer  Total projected lifetime contribution to Exchequer €4.65 billion (€4.25bn surplus + €400m tax paid)  €2 billion transferred to Exchequer in 2020  A further €1 billion will be transferred in 2021 ( .
National Asset ''T Management Agency 1 R0805 PAC33 NAMA Income Statement NAMA continues to generate strong profits from its activities Net gains on debtor loans measured at FVTPL Net gains on investment properties Interest, fee and other income Net profit on disposal and refinancing of loans Net profit on disposal of property assets Other expenses (interest expense, FX and derivative financial instruments) Administration expenses Profit for the year before tax Tax charge Profit ( .
National Asset ,7 Management Agency Q1 2021 €m FY 2020 €m 30 - 3.7 0.3 - - (12) 22 (2) 20 149 5 9 87 34 (10) (63) 211 (19) 192 2 R0805 PAC33 NAMA Financial Position NAMA has fully repaid 100% of its debt and equity obligations Assets Cash, cash equivalents and liquid assets Debtor loans measured at fair value through profit or loss Other assets (equity & property investments, trading properties) Total assets Liabilities Other liabilities (tax and other liabilities) Total liabilities Equity and reserves Retained earnings Total equity and reserves Equity, reserves and liabilities 31 Mar 2021 €m 31 Dec 2020 €m 1,168 798 476 2,442 38 38 2,404 2,404 2,442 1,296 850 477 2,623 39 39 2,584 2,584 2,623 3 R0805 PAC33 Deleveraging Progress Acquired portfolio is 97% deleveraged from €31.8bn acquisition value Rest of World & NRE 3% Rest of ROI 1% Urban Centres 6% Non Real Estate 2% Retail 4% Office 11% Dublin - North County 31% €850m value of debtor loans at end-2020 GEOGRAPHIC DIVERSITY Residential 15% SECTORAL DIVERSITY Development 37% Commuter Belt 12% Dublin - South County 18% 90% of portfolio is in Dublin & Commuter Belt Dublin - City 29% Land 31% 4 R0805 PAC33 Residential Delivery Progress Facilitating the delivery of new residential units from our loan portfolio Unit delivery progress from Jan 2014 to Aug 2021 20,550 new residential units have been facilitated by NAMA since 2014 12,950 units have been delivered through NAMA funding 7,600 units have been delivered on sites formerly secured to NAMA ( .
National Asset ,7 Management Agency St. Joseph’s, Clonsilla, Dublin 15 Castleheights, Carrigaline, Cork R0805 PAC33 Residential Delivery Pipeline Maximising the number of sites that are ready for development 2021-2025 Total 21,900 units 1,300 units are under construction (700 units) or have funding approved (600 units) 1,100 units have planning permission granted and funding is under consideration 3,500 units have planning permission granted and will be sold or refinanced by debtors 1,100 units with planning applications lodged and under consideration by planning authorities 3,200 units with planning applications being prepared 11,700 units have longer term potential subject to viability, planning, various infrastructural requirements and zoning – unlikely to be built until post 2025 Miller’s Glen, Swords, Co Dublin ( .
National Asset ,7 Management Agency 6 R0805 PAC33 Dublin Docklands SDZ 86% of NAMA’s original interests are completed or sold 38% sites sold with planning permission 1.57m sq.

ft. commercial space and 1,427 residential units 42% construction completed and sold 1.74m sq.

ft. commercial space and 458 residential units 6% construction complete a North Dock: 270k sq.
ft. commercial space b Dublin Landings Residential: 30 units contracted to DCC for social housing 14% under construction (expected completion 2021/2022) c The Benson Building: 72 residential units d Bolands Quay: 285k sq.

ft. commercial space and 46 residential units e Exo: 215k sq.

ft. commercial space f 10-12 Hanover Quay: 87k sq.

ft. commercial space planned site sale g Block 19: Disposal with Waterways Ireland (56k sq.
ft. commercial space and 150 residential units) 7 R0805 PAC33 Poolbeg West SDZ NAMA retains a 20% shareholding in this key development  NAMA owned a 37.2 acre site in the SDZ with capacity for: • 3,800 residential units (25% social and affordable – c.950 units), • 1m sq.

ft. of commercial space • School site, community and social amenities  NAMA undertook a comprehensive international open market campaign offering an 80% shareholding in the development site.
 In June 2021, a consortium of Ronan Group Real Estate, Oaktree Capital Management, and Lioncor Developments acquired the 80% shareholding for €200m.

 A planning application for 600 residential units was lodged in July 2021.

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National Asset ''T Management Agency 8 R0805 PAC33 Social Housing 2,629 homes for social housing have been delivered by NAMA 7,108 ldent1f1ed by NAMA Vacant and available residential units owned by NAMA debtors 4,479 No Longer Under Cons1derat1on 2,629 Delivered 0 Demand to be Determined Deemed unsuitable or not required by local authorities at the time Direct sale or lease to local authorities or approved housing bodies Demand was determined by local authorities at the time of offer by NAMA No longer available as sold or let by NAMA debtor/receiver to repay debt Sale to NAMA's social housing vehicle, NARPS All identified properties have now been considered .. ,1·.
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0 ; "'ai ', ,m , Lough na Glack - 38 properties remediated by NAMA and purchased by NARPS for social housing 2,024 Sold or Let 2,455 Deemed Unsuitable or No Demand 25 National Asset Management Agency 9 R0805 PAC33 Looking Forward Focussed on successfully completing our mandate Strategic Objectives Maximise value from NAMA’s remaining loan portfolio NAMA Dividend to Exchequer - €4.65bn €500m will be transferred to the Exchequer in H2 2021, bringing total cash transfers to €3billion by end-2021 Wind-down NAMA will present its Strategic Plan for 2022 – 2025 to the Minister for Finance later this year Fund and facilitate the delivery of 20,000+ residential units 0 €400m tax paid since 2016 ~ Remaining €1.25 billion will be transferred post 2021 (including NARPS) Complete commercial and residential development in the Dublin Docklands SDZ and Poolbeg West SDZ ( .
National Asset ,7 Management Agency NAMA’s social housing vehicle, NARPS, will transfer to another State entity (as part of surplus) 10 R0805 PAC33 ( .

National Asset ,7 Management Agency NAMA.ie 11 R0805 PAC33