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Investor Presentaiton

NJR: Review of Fiscal 2023 Q2 and YTD NFE Changes ($ in Millions) I $130.2 Fiscal 2023 Q2 Fiscal 2023 YTD $26.2 $222.6 $112.3 $(2.1) $(2.9) $(2.2) $196.0 $1.5 $0.4 $1.1 $(8.8) $(2.5) $(1.9) 2Q 2022 NJNG CEV S&T ES HS & Other 2Q 2023 Fiscal 2022 NJNG CEV S&T ES HS & Other Fiscal 2023 Revenue Fiscal 2Q22-Consolidated NFE ($ in millions) NJNG Utility Gross Margin¹ O&M Depreciation & Amortization (D&A) Interest expense, AFUDC, Income Tax Clean Energy Ventures Revenue D&A and Interest Expense Other Storage & Transportation D&A and Interest Expense AFUDC & Other $ 130.2 Fiscal 2022 YTD - Consolidated NFE ($ in millions) $ $ (2.1) NJNG $ $ 1.3 Utility Gross Margin¹ $ $ (5.5) O&M $ (2.0) Depreciation & Amortization (D&A) $ 4.1 Interest expense, AFUDC, Income Tax $ $ (2.9) Clean Energy Ventures $ $ 2.6 Revenue $ $ (3.1) $ (2.4) D&A and Interest Expense Other (2.2) Storage & Transportation $ 7.5 Revenue $ (7.7) D&A and Interest Expense $ (2.0) AFUDC & Other SSSSSSSSSSSSSSA 196.0 1.5 22.5 $ (18.7) $ (4.0) 1.7 0.4 5.2 $ (3.9) $ (0.9) $ 1.1 $ 22.2 $ (16.1) $ (5.0) Energy Services $ (8.8) Energy Services $ 26.2 Financial Margin¹ Interest Expense, Income Tax and Other Home Services and Other $ (4.9) Financial Margin¹ $ 39.2 $ (3.9) Interest Expense, Income Tax and Other $ (13.0) $ (1.9) Home Services and Other $ (2.5) Fiscal 2Q23 - Consolidated NFE ($ in millions)² $ 112.3 Fiscal 2023 YTD - Consolidated NFE ($ in millions)² $ 222.6 N New Jersey 1) A reconciliation of these non-GAAP measures can be found in the Appendix 9 Resources 2) The sum of 2Q23 and YTD 2023 actual amounts may not equal to total due to rounding
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