California Updates & ESG Initiatives

Infrastructure Investment Drives Rate Base Growth SJW Group CapEx in Millions SJW Group $350 CAGR 14.9% 2018-2023 $300 $250 $200 $150 $136 $134 $199 $239 $219 $272 $332 Targeting $1.6 billion infrastructure investment over the next five years in water, wastewater, and PFAS remediation $100 2018 2019 2020 2021 2022 2023 2024 Budgeted In 2024, approximately $219 million is allocated to projects that are in forward- looking jurisdictions or eligible for infrastructure recovery mechanisms SJW Group 7

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