Growing Opportunities and Financial Overview

Strong Pipeline of Opportunities 園 Acquisition Activity Since 2015 Kol Growing Opportunity for Customer Connections Over Five-Year Outlook 106 acquisitions adding over 211,000 customer connections 62 water acquisitions adding a total of 52,000 connections 44 wastewater acquisitions adding a total of 159,000 connections =800,000 =1,230,000 Prior Outlook Current Outlook Agreement Process Regulatory Approval to Close AMERICAN WATER ≈1,230,000 Customer Connections in Pipeline • Opportunity A - 78,000 • Opportunity B-50,000 • • Opportunity C-33,000 Opportunity D-29,300 • Opportunity E-23,500 Close & Customers Served at Existing Rates Rate Case Process to Fully Reflect Acquisitions & Inclusion into Rate Base 20

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