Investor Presentaiton

Well Positioned in a Rising Interest Rate Environment ($ in Millions) 20 20 Impact of high interest rate Term Debt¹ Maturity Schedule as of March 31, 2023 environment included in FY2023 and $160 Weighted Average of Maturity ~15.8 $100 $100 $150 long-term NFEPS guidance $140 $130 $130 $130 $125 $125 $125 $125 predominately fixed-rate debt Interest rate impact mitigated by $120 $120 $110 $100 $100 $100 $100 $100 $100 $75 Manageable debt repayment towers in any particular year Substantial liquidity at both NJNG and NJR $900M of credit facilities available through FY2027 - schedule with no significant maturity $80 $70 $60 $50 $40 in N New Jersey Resources 1) Term debt only(excludes short-term debt of $187.7 million, capital leases of $35 million and solar financing obligations of $185 million). Group by fiscal years. 2023 2024 2025 2026 $50 $50 $20 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 $55 $50 $50 $47 $41 $11 $10 $10 2041 2042 2043 NJNG NJR 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 2054 2055 2056 2057 2058 2059 2060 2061 2062 $50

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