Investor Presentaiton

NJR: Total Expected Shareholder Return Delivering Value to Shareholders Through Growth and Income NJR is a Premier Energy Infrastructure Company The Clean Energy Future Starts at NJR Solid Long Term Growth Outlook Growing Dividend Net Zero by 2050 goal for New Jersey operations Expect 7% -9% NFEPS Growth Annualized dividend yield of 3.0%1 Dividend growth in line with long- term NFEPS growth expectations TOTAL EXPECTED SHAREHOLDER RETURN: ~10 - 12% Resources 1) Based on dividend per share of $1.56 and closing share price of $51.32 on May 2, 2023 N New Jersey 21 24

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