How American Water Grows Earnings

AMERICAN WATER Highly Fragmented Natural Gas Utilities American Water footprint • Ideal fit for industry consolidation opportunities Target 3K-30K customer connections per acquisition Wastewater focus (AWK customer connections mix 94% water & 6% wastewater) " 3 Water Industry Creates Opportunity Water Utilities Electric Utilities Gas Utilities Source: EPA F.L.I.G.H.T. Greenhouse Gas Emissions from Large Facilities Ghgdata.epa.gov/ghgp/main.do# Highly fragmented industry Electric Utilities Source: Form EIA-861 detailed data files www.eia.gov/electricity/data/eia8 Industry opportunity Water 16% Investor owned 84% Public & other Wastewater 2% Investor owned 98% Public & other Water Utilities Source: EPA SDWIS Federal Reports Search www3.epa.gov/enviro/facts/sdwis 16

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