Investor Presentaiton

2021 key financial and sustainability metrics Interest Coverage (x) 3.5 Financial covenants Interest cover ratios Interest cover ratios marginally reduced year on year as a result of working Gearing capital timings 100% Interest cover covenants 3.0 2.7 2.6 2.6 2.4 2.5 95% 90% 3.1 3.1 3.0 1.9 1.9 2.0 1.9 1.8 1.7 1.6 1.5 Gearing (%) 89% 85% 85% 85% .83% 80% 80% 79% 75% 72% 70% 1.5 1.6 1.6 1.6 68% 1.5 65% 68% 1.4 1.4 1.0 1.2 60% 0.5 FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 20/21 AWS Conformed Senior PMICR (1.1x) AWS Conformed Class A PMICR (1.3x) OAL Senior ICR (2.0x) Investor Presentation 30 *Net debt as defined under the Anglian Water Common Terms Agreement (CTA) 55% Year ended 31 March 2021 Gearing increase as a result of opening AMP midnight RCV adjustment (similar to prior AMP) Gearing covenants AMP6 86% 87.5% 82% 82% 72% 72% AMP7 50% FY 13/14 FY 14/15 FY 15/16 FY 17/18 FY 18/19 FY 19/20 FY 20/21 AWS Senior RAR (85%) AWS Class A RAR (75%) OAL Senior RAR (93%) love every drop anglianwater

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