Dividend Growth and Regulatory Update
Acquisition Growth and Opportunities
2010-2020 Customer Growth
25+ acquisitions by SJW Group and subsidiaries
Very Small, Small and Medium Sized
Community Water Systems
In CA, CT, ME and TX
•
65% customer growth, ~154K new customers
•
•
•
Transformational growth with CTWS acquisition in 2019
2021 Acquisitions
SJWTX completed acquisitions of Kendall West, Bandera East and Clear Water
Estates
Completed acquisitions represent over 1,800 service connections
Clear Water Estates first fair market value acquisition in Texas by any utility
Connection growth in Texas nearly quadrupled between 2006 and 2021 to over
24,000 water and wastewater connections
Opportunities
More than 8,400 community water systems in CA, CT, ME and TX
14,020
Very Small Systems
Population Served
Very Small = 25-300
Small 301-3,300
Medium
=
3,301 - 10,000
1,023 Medium
Systems
2,879 Small
Systems
•
More than 16,000 publicly owned wastewater systems nationwide
SJW Group
Sources: Company filings, EPA Drinking Water Dashboard, Cybersecurity and Infrastructure Security Agency,
"Water and Wastewater Systems Sector"
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