Regulated Acquisitions and Growth Outlook

Strong and Sustainable Growth Outlook for Future AMERICAN WATER $ Earnings Growth Dividend Growth Rate Base Growth Affirmed Target Targeting 7-9% long-term EPS CAGR Affirmed Target Targeting 7-9% long-term dividend CAGR* Affirmed Target Targeting 8-9% long-term rate base growth, incl. acquisitions Strong Balance Sheet Affirmed Targets Targeting <60% Debt to Capital Ratio Targeting 55-60% Dividend Payout Ratio Future dividends are subject to approval of the American Water Board of Directors. 15

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