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Investor Presentaiton

Our Stable and Predictable Capital Plan Supports Rate Base Growth 2020-2024 Capital Plan $ in billions Rate Base Acceleration* $8.8- $9.4 $0.6-$1.2 Regulated Acquisitions $12.5 AMERICAN WATER $8.2 Regulated System Investments $13.7 7-8% Rate base CAGR 2018 2019 2020 2021 2022 2023 2024 *An approximation of rate base, which includes Net Utility Plant not yet included in rate base pending rate case filings/outcomes **Anchored off of 2018 rate base ** 12
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