2019 Investor Day

AMERICAN WATER Growth Triangle anchored on multi decades of investment needs 2020-2024 Plan 7-10%* EPS CAGR range 2020 - 2029 Capital Plan $20 - $22 Market Based Businesses 1-2% $2 - $3 2020 - 2024 2019-2023 Regulated 1-2% Acquisitions Capital Plan $8.0 - $8.6 Capital Plan $8.8 - $9.4 $0.1 $0.6 - $1.2 $0.6 - $1.2 $18 - $19 Regulated Investment CAPEX 5-7% $8.2 $7.3 Industry leading growth with regulated risk profile supported by capital light Market-Based Businesses *Anchored off of 2018 Adjusted EPS (a non-GAAP measure) 88

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