Investor Presentaiton

Capital Plan¹,2 ($ in Millions) 1Q 2Q YTD FY2023A FY2023A FY2023A FY2022A FY2023E FY2024E New Jersey Natural Gas New Customer $13 $18 $31 $54 $54 - $58 $56 - $60 Near Real Time Return? Yes Maintenance & Integrity $27 $28 $55 $104 $109 - $113 $161 - $176 Cost of Removal / Other $9 $10 $19 $42 $36 - $40 $36 $40 Facilities $9 $12 $21 $7 $31 - $34 $2 - $4 IT $14 $14 $28 $42 $65 - $69 $46 $50 IIP $9 $9 $18 $32 $32 - $36 $26 - $30 Yes RNG & P2G $1 $25 - $28 $25 - $28 SAVEGREEN $11 $13 $24 $53 - $48 $52 $91 $104 $195 $335 $400 - $430 $48 $52 $400 - $440 Yes Clean Energy Ventures Sunlight Advantage $2 $3 $5 $13 $9 - $13 $10 - $14 Commercial Solar $42 $16 $58 $132 $91 $187 $130 $266 $44 $19 $63 $145 $100 - $200 $140 - $280 Storage and Transportation Adelphia Gateway $12 $3 $15 $124 $12 - $16 $2 - $6 Leaf River $1 $3 $4 $18 $8 - $12 $0 $2 $13 $6 $19 $142 $20 $28 - $2 - $8 Total $148 $129 $277 $622 $520 - $658 $542 - $728 N New Jersey Resources 1) 2) Total change in PP&E (cash spent, capex accrued and AFUDC). For GAAP purposes, SAVEGREEN investments are included as part of cash flows from operations The sum of actual amounts may not equal due to rounding 18

View entire presentation