Investor Presentaiton

NJR's Path To Decarbonization Growing Core Businesses While Investing in the Clean Energy Future Achieved 50% reduction in NJ operational emissions since 2006 60% emissions reduction from NJ operations from 2006 levels by 2030 Net-Zero NJ Operations 2050 . . NJNG Leverage and Improve Strong Infrastructure Committed to reducing methane emissions from distribution system Lowest leaks per mile in NJ • 99% of system plastic or protected steel First Green Hydrogen project to inject 100% of output for end use customers Pursuing other RNG and clean H2 decarbonized fuel opportunities • CEV Execute on Broad Opportunity Set for Solar Projects . Expanding solar footprint both within New Jersey and Northeast Enhancing development capabilities through insourcing, building internal expertise and greenfield efforts Leveraging our scale and operating experience to manage assts efficiently N New Jersey Resources • 705 S&T Leverage Existing Storage and Transportation Assets Continue to improve existing infrastructure to safely and reliably deliver clean and efficient natural gas 19

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