Growing Opportunities and Financial Overview

Regulated Growth: Strategy 2021-2025 Plan 7-10% EPS CAGR range Market-Based Businesses Regulated Acquisitions ~1% 1.5-2.5% Regulated Investment CAPEX 5-7% AMERICAN WATER Executing Fundamentals Continued focus on acquisitions in the target range of - 5,000 to 50,000 customers - and larger acquisitions where appropriate Leverage water footprint to acquire wastewater systems Continued engagement on legislative/regulatory policy to benefit customers and advance solutions to water and wastewater challenges Continue to build robust pipeline of opportunities 21

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