AWK Growth Outlook and Military Services Strategic Value

Strong Cap Ex Growth to Start 2022 AWK Growth Outlook 7-9% EPS CAGR Target (2022-2026 Plan) Military Services 0.2% Group Regulated Acquisitions 1.5-2.5% Capital Investments ($ in millions) AMERICAN WATER Q1 2021 Q1 2022 $430 Regulated $336 Investment CAPEX 5-7% Regulated System Investments 23

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