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SJW Group Dividend Growth and Capital Expenditure Plan

SJW Group Infrastructure Investment Drives Rate Base Growth $240 $190 CAGR 12.8% SJW Group CapEx in millions $141 $136 $134 $140 $129 $90 $199 $239 $223 · • SJW Group Targeting $1.3 billion infrastructure investment over the next five years in water and wastewater systems In 2022, approximately $150 million allocated to projects that are in forward-looking jurisdictions or eligible for infrastructure recovery mechanisms $40 2016 2017 2018 2019 2020 2021 2022 Budgeted

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