Second Quarter/YTD 2023 Results

Strong Cap Ex Growth in 1H 2023, as Planned Drives Improved Water Quality, Reliability, and Earnings Growth AWK EPS Growth Triangle 7-9% EPS CAGR Target Business Mix 100% Regulated and Regulated-Like Earnings Regulated Acquisitions Regulated Investment CAPEX Military Services 0.2% Group AMERICAN WATER Capital Investment $2.9B $0.4B Regulated Acquisitions 1.5-2.5% $1.25B $240M $1.20B $33M $2.5B 5-7% $1.0B $1.15B Regulated System Investments 1H 2022 1H 2023 2023E 27

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