WORLD ECONOMIC REPORT FOR HORSERACING INDUSTRY EUROPE Brian Kavana= gh

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WORLD ECONOMIC REPO= RT FOR HORSERACING INDUSTRY

EUROPE

Brian Kavanagh

"23 Countries&= quot;

EUROPE � THE CRADLE= OF HORSE RACING

EUROPEAN REGION - 2= 005 STATISTICS

IRELAND - SOME BASIC FACTS

2004 CENSUS

HORSE RACING IRELAND MISSION STATEMENT

"�The Governme= nt considers racing..."

GOVERNMENT SUPPORT<= /a>

THREATS TO STATUS Q= UO

INDECON REPORT<= /b>

INDECON SPONSORS

INDECON METHODOLOGY=

"�This report provides independent..."

KEY FINDINGS OF REP= ORT

APPLICATION OF REPO= RT FINDINGS

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WORLD ECONOMIC REPO= RT FOR HORSERACING INDUSTRY

EUROPE

Brian Kavanagh

"23 Countries&= quot;

23 Countries=

3 IFHA Founding Mem= bers

European Racing Dev= elopment Conference

EUROPE � THE CRADLE= OF HORSE RACING

1671 � First record= ed meeting at Newmarket

1750 � Establishmen= t of Jockey Club (UK)

1752 � First Steepl= echase � Doneraile to Buttevant (County Cork)

1776 � First Classi= c Race � St Leger at Doncaster

1790 � Establishmen= t� of Irish Turf Club

1833 � Establishmen= t of Societe d�Encouragement

1836 � First Runnin= g of Prix du Jockey Club

1858 � First meetin= g at Baden Baden

1884 � First runnin= g of Derby Italiano

EUROPEAN REGION - 2= 005 STATISTICS

25% of world thorou= ghbred foal population

35% of betting on t= horoughbred racing

20% of thoroughbred= races worldwide

20% of total prize = money worldwide

IRELAND - SOME BASIC FACTS

2004 CENSUS

Total area - 70,282= sq km

Population � 4 mill= ion

Total employment � = 1.8 million

Gross Domestic Prod= uct � 181.6 billion US $

Member of EU since = 1973

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HORSE RACING IRELAND MISSION STATEMENT

�To develop and pr= omote Ireland as a world centre of excellence for horse racing and breeding�

"�The Governme= nt considers racing..."

�The Government co= nsiders racing to be strategically important because of the employment it creates= and sustains at all levels and� becau= se of the significant contribution it makes to rural development, farm and other incomes, the business and services sectors, tourism, the economy as a who= le and the international reputation of the State�

Joe Walsh, Minister= for Agriculture Food

& Rural Develop= ment

May 2001

GOVERNMENT SUPPORT<= /a>

�We are now enjoyi= ng a golden age of Irish racing.� Attendances continue to grow and the major festivals have become some of the biggest sporting and social occasions in the country, spread throughout the year = and benefiting every region of the country.� This regional spread is one of the most positive aspects of Irish racing which the Government regards as integral to Irish rural life�

An T�oiseach (Prime= Minister), Bertie Ahern

12^th Jun= e 2006

THREATS TO STATUS Q= UO

Pace of change in I= rish Society

Government support = cannot be taken for granted

Vulnerable to econo= mic downturn

Funding review ever= y four years

Need for accurate s= tatistical and economic data

INDECON REPORT<= /b>

In 2004 Indecon Ec= onomic Consultants were commissioned to provide an independent assessment of the economic contribution of the thoroughbred breeding and horseracing indust= ry in Ireland

INDECON SPONSORS

Horse Racing Irelan= d

Irish Thoroughbred = Breeders Association

Irish European Bree= ders Fund

INDECON METHODOLOGY=

Survey of stud farm= s, training establishments and racecourses (28% of stallions; 25% of broodmares; 67% = of racecourses)

Interviews with key= individuals / organisations within industry

Review of Irish and international research on sector

Quantification of e= conomic impact of racing and breeding sectors

"�This report provides independent..."

�This report provi= des independent verification that the Irish racing and breeding sectors are significant net contributors to the Irish exchequer.

They form a substa= ntial part of Irish economic life and generate significant employment, particularly = in rural areas.

It provides facts = where we have had opinion, analysis where we have had speculation and clarity wher= e we have had misunderstanding.�

Denis Brosnan

Chairman, Horse Rac= ing Ireland

July 2004

KEY FINDINGS OF REP= ORT

The industry is a s= ignificant net contributor to the exchequer

The industry employ= s a minimum of 16,500 people (almost 1% of work force)

Bloodstock breeding= is the fastest growing element of a generally declining agricultural sector

Ireland is the thir= d largest producer of thoroughbreds in the world

Bloodstock breeding= makes a gross economic contribution of �330 million per annum

Tax paid by bloodst= ock breeders of approximately �40 million

Racemeetings genera= te consumer expenditure of over �110 million per annum

Racing accounts for= more than 70,000 tourist visits to the country annually

Racing festivals are significant contributors to their local economy (Galway �60 million - Punchestown �43 million)

Off course and on c= ourse betting grew by 135% between 1999 and 2004

APPLICATION OF REPO= RT FINDINGS

Public affairs

Direct communicatio= n to politicians / media

Annual Fact Book

Set agenda for deba= te about the industry

Advertising / PR ca= mpaign

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WORLD ECONOMIC REPORT FOR

HORSERACING INDUSTRY

Brian Kavanagh

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= EUROPEAN MEMBERS OF IFHA

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� 23 Countries

� 3 IFHA Founding Members

� European Racing

Development Conference

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EUROPE � THE CRADLE OF HORSE RACING

<= /td> = <= /td> <= /td> <= /td>

� 1671 � First recorded meeting at Newmarket

� 1750 � Establishment of Jockey Club (UK)

� 1752 � First Steeplechase � Doneraile to Buttevant (County Cork)

� 1776 � First Classic Race � St Leger at Doncaster

� 1790 � Establishment� of Irish Turf = Club

� 1833 � Establishment of Societe d�Encouragement

� 1836 � First Running of Prix du Jockey Club

� 1858 � First meeting at Baden Baden

� 1884 � First running of Derby Italiano

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EUROPEAN REGION - 2005 STATISTICS

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IRELAND - SOME BASIC FACTS

2004 CENSUS

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� Total area - 70,282 sq km

� Population � 4 million

� Total employment � 1.8 million

� Gross Domestic Product � 181.6 billion US $

� Member of EU since 1973

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quoted-printable Content-Type: text/html; charset="windows-1252" WORLD ECONOMIC REPORT FOR HORSERACING INDUSTRY EUROPE Brian Kavana= gh

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file:///C:/32489148/Kavanagh_files/v3_slide0018.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="windows-1252" WORLD ECONOMIC REPORT FOR HORSERACING INDUSTRY EUROPE Brian Kavana= gh

GOVERNMENT SUPPORT

<= /td> = = <= /td> <= /td>

�� The Government considers racing to= be strategically important

because of the employment it creates and sustains at all levels and

because of the significant contribution it makes to rural

development, farm and other incomes, the business and services

sectors, tourism, the economy as a whole and the international

reputation of the State�

Joe Walsh, Minister for Agriculture Food<= br>

& Rural Development

May 2001

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GOVERNMENT SUPPORT

<= /td> <= /td> <= /td> = <= /td>

�� �We are now enjoying a golden a= ge of Irish racing.� Attendances<= /b>

continue to grow and the major festivals have become some of

the biggest sporting and social occasions in the country, spread

throughout the year and benefiting every region of the country.

This regional spread is one of the most positive aspects of Irish

racing which the Government regards as integral to Irish rural<= br>

<= i>life�

An T�oiseach (Prime Minister), Bertie Ahern

12^th June 2006

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THREATS TO STATUS QUO

<= /td> = <= /td> <= /td> =

� Pace of change in Irish Society

� Government support cannot be taken for granted

� Vulnerable to economic downturn

� Funding review every four years

� Need for accurate statistical and economic data

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INDECON REPORT

<= /td> = <= /td> <= /td> <= /td>

�� In 2004 Indecon Economic Consultant= s

were commissioned to provide an

independent assessment of the economic

contribution of the thoroughbred breeding

and horseracing industry in Ireland

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INDECON SPONSORS

<= /td> = <= /td>

� Horse Racing Ireland

� Irish Thoroughbred Breeders Association

� Irish European Breeders Fund

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INDECON METHODOLOGY

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file:///C:/32489148/Kavanagh_files/v3_slide0014.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="windows-1252" WORLD ECONOMIC REPORT FOR HORSERACING INDUSTRY EUROPE Brian Kavana= gh

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KEY FINDINGS OF REPORT

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APPLICATION OF REPORT FINDINGS

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� Public affairs

� Direct communication to politicians / media

� Annual Fact Book

� Set agenda for debate about the industry

� Advertising / PR campaign

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WORLD ECONOMIC REPORT FOR HORSERACING INDUSTRY
<= br> E= UROPE
<= br> B= rian Kavanagh

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