SJW Group Dividend Growth and Capital Expenditure Plan

SJW Group Key Investment Highlights Growth Capital and Customers • ⚫ Robust five-year capital investment plan of $1.3 billion in water/wastewater infrastructure, subject to regulatory approval • Texas operation more than tripled in size between 2006 and 2021 Recent acquisitions include Kendall West and Bandera East utilities in 4Q 2021 and Texas Country Water in 1Q 2022 Geographic and Regulatory Diversity Commitment to ESG Strong Dividend Track Record • . • • Diversity of operations in four-state regulatory and weather environments that help balance risk Regulatory lag is minimized by forward test year in CA and infrastructure replacement surcharge mechanisms in CT, ME and TX Going forward, intend to stagger rate filings for SJW's large utilities and target filings every 3-4 years Reducing carbon emissions - Science-based target to reduce Scope 1 and 2 carbon emissions 50% by 2030 Fostering environmental stewardship - 100% environmental compliance and 15% non-revenue water target Leading ISS ESG ratings - ISS Environmental (5), Social (3), and Governance (1) Supporting supplier responsibility -Adopted vendor code of conduct, recognized excellence in supplier diversity, and committed to diversity, equity and inclusion Industry-leading dividend growth, exceeding 10% over the past five years Paid a dividend for 78 consecutive years Increased the dividend 54 consecutive years 21

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