How American Water Grows Earnings

AMERICAN WATER "G": Governance Board & Committee Structure Diverse Demonstrated & Representative Expertise Ensuring independence: board is led by an independent, non- executive chair Safety, Environmental, Technology, Operations (SETO) Board Committee • Engaging board Achieving gender parity: highest proportion of female board members among S&P 500 companies in 2017 50% female board members as of May 2019 3 of 8 directors <4 years on board as of March 2019 Utility experience and expertise Internationally recognized cyber security expert • Financial expertise sufficiently: board met 13 times in 2018 Board engages directly with front-line employees: Off-site board meetings twice a year, external stakeholder receptions, dinners and meetings with "high potential" leaders periodically • Engaging investors: robust program for management and board engagement Retired CEO experience Operational and manufacturing experience and expertise Global experience 26

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