Investor Presentaiton

Successful First Quarter 2023 Results Earnings Per Share $0.91 $0.87 2022 ■Q1 2023 AMERICAN WATER Q1/YTD Highlights ✓ 2023 Q1 EPS of $0.91 driven by higher revenue on increased rate base Issued approximately $1.7 billion in common stock ✓ Invested well over $500 million of capital in infrastructure improvements in the quarter ✓ New rates effective in PA, IL, VA, and MO; IN case filed on 3/31/23; WV case filed on 5/1/23 ✓ Over $550M of acquisitions under agreement, including Towamencin, PA and Granite City, IL ✓ ESG leadership and transparency continues - 3rd annual ID&E Summary and ESG Data Summary published in April 20 20 Case No. 2022-00432 Bluegrass Water's Response to PSC 3-25 Exhibit PSC 3-25(b) - Part 1 of 2 Page 20 of 39

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