Dividend Growth and Regulatory Update

2022 CapEx Opportunities in 2022 and Beyond Budgeted 2022 CapEx CA $115.1M TX $24.5M CT $223M $61.4M ME Saco River Drinking Water Treatment Facility November 2021 Annual replacement of approximately 1% of pipeline across all four states of operation, with approximately $75 million invested annually Significant "generational investment” with new facility in Biddeford, Maine, replacing 1884 plant; $100 million in Advanced Metering Infrastructure (AMI) implementation between 2022 and 2025, pending CPUC approval SJW Group $21.8M Timely Recovery Through Regulatory Mechanisms -67% ~51% Forward-Looking Test Year ~16% Infrastructure Recovery Mechanism -33% Traditional Recovery -33% 11

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