Growing Opportunities and Financial Overview

Our Compelling Story 2021-2025 Plan 7-10% EPS CAGR range Market-Based Businesses ~1% Regulated Acquisitions 1.5-2.5% Regulated Investment CAPEX 5-7% AMERICAN WATER Top tier long-term EPS growth at CAGR of 7-10% Regulated growth driven by capital investment of approximately $10.4 billion over the next five years and expected $22 to $25 billion over the next ten years Regulated Businesses comprise 89% of 2025 EPS, supported with cash flow from complementary Market- Based Businesses Dividend growth leader at high end of 7-10% growth range* Top utility sector performer in total shareholder return Inclusive and Diverse high performing culture *Future dividends are subject to approval of the American Water Board of Directors 42

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