AWK Growth Outlook and Military Services Strategic Value

Good Momentum in 2022 as Acquisitions Under Agreement now 77,300 Customers Closed As of March 31, 2022 1,800 Customer Connections 4 Acquisitions in 2 States Under Agreement As of March 31, 2022 77,300 Customer Connections 32 Acquisitions in 7 States Ο AMERICAN WATER City of York, PA Wastewater Largest acquisition in Pennsylvania American Water History Executed under Act 12 of 2016 fair market value legislation $235 million purchase price By June 2022 Expected Close Egg Harbor City, NJ Water & Wastewater 9 oooo 4000 45,000 equivalent customer connections 7 5 3 MO MO IL 3 IL 1 PA NJ ΙΑ CA 3 m m m VA 2 Agreement Process 2H 2022 Expected Close First sale being executed through New Jersey's Water Infrastructure Protection Act (WIPA) $21.8 million purchase price 3,000 customer connections Regulatory Approval to Close Close & Customers Served at Existing Rates Rate Case Process to Fully Reflect Acquisitions & Inclusion into Rate Base 26

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