Financial Performance and Growth - The company targets a long-term EPS Compound Annual Growth Rate (CAGR) at the high end of 7-10%[81] - The company anticipates regulated growth driven by approximately $10.4 billion in capital investment over the next five years and an expected $22 to $25 billion over the next ten years[29, 81] - The company's regulated businesses are expected to comprise 89% of the 2025 EPS, supported by cash flow from Market-Based Businesses (MBBs)[81] - The company's 2021-2025 plan projects a 7-10% EPS CAGR range[29, 81] Capital Investments and Expenditures - The company plans to increase regulated investment by $1.3 billion over the next 5 years[16] - The company's capital plan includes $10.3 - $10.5 billion in system investments from 2021 to 2025[18] - The company's capital expenditures are allocated as follows: 67% for system expansion, 8% for water quality, 8% for operational efficiency, technology & innovation, 7% for infrastructure renewal, and 6% for resiliency[18] Operational Efficiency - The company targets a 30.4% O&M Efficiency Ratio by 2025[27] - From 2010 to 2020, the company's Adjusted O&M Expenses increased by only 1.0% CAGR[27] Acquisitions and Customer Base - The company has added approximately 322,000 customer connections since 2010[27] - The company has a pipeline of approximately 1,230,000 customer connections for potential acquisitions[35]

Financial Data and Key Metrics Changes - In Q4 2020, earnings per share (EPS) increased to $0.80 from $0.54 in Q4 2019, a rise of $0.26 per share [64] - For the full year 2020, EPS was $3.91 compared to $3.43 in 2019, an increase of $0.48 per share [65] - The regulated business contributed an increase of $0.33 per share, while the market-based business improved by $0.24 per share compared to 2019 [66] Business Line Data and Key Metrics Changes - The regulated business accounted for over 89% of projected EPS by 2025, with significant assets including over 53,000 miles of pipes and 609 water treatment plants [15] - Market-based businesses, including homeowner services and military services, contributed positively to earnings, with homeowner services reaching approximately 1.5 million customers [31] Market Data and Key Metrics Changes - The company added approximately 38,000 customer connections through acquisitions in 10 states in 2020 [13] - The five-year growth expectation from regulated acquisitions has increased, reflecting a significant need for investment in water and wastewater infrastructure across the U.S. [17] Company Strategy and Development Direction - The company is focused on building reliable water and wastewater infrastructure, enhancing customer experience, and maintaining a values-led approach [10] - A capital plan of $10.4 billion over the next five years has been established, with a focus on infrastructure renewal and regulated acquisitions [20][22] - The company aims for a long-term EPS compound annual growth rate (CAGR) of 7% to 10% over the next five years [19] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of clean, safe, reliable water services, especially during the COVID-19 pandemic [12] - The company is well-positioned for long-term success, with a strong focus on safety and operational excellence [9][11] Other Important Information - The company has been recognized as one of the Top 10 World's Most Sustainable Corporations [13] - A new Chief Operating Officer has been appointed, emphasizing the company's commitment to leadership and safety [14] Q&A Session Summary Question: What is the company's outlook for EPS growth? - The company expects EPS guidance for 2021 to be between $4.18 and $4.28, reflecting a year-over-year growth rate of over 10% [69] Question: How does the company plan to finance its capital investments? - The company plans to rely on operating cash flows, raising $3.6 billion in long-term debt and about $700 million in equity over the next five years [72] Question: What are the key areas of focus for the company's growth strategy? - The growth strategy includes a focus on regulated acquisitions, infrastructure investment, and engagement with regulatory policies to benefit customers [48][40]

American Water Works Company, Inc. (NYSE:AWK) Q3 2020 Earnings Conference Call November 5, 2020 9:00 AM ET Company Participants Ed Vallejo - VP of IR Walter Lynch - President and CEO Susan Hardwick - CFO Conference Call Participants Ryan Greenwald - Bank of America Insoo Kim - Goldman Sachs Angie Storozynski - Seaport Global Jonathan Reeder - Wells Fargo Operator Good morning and welcome to American Water’s Third Quarter 2020 Earnings Conference Call. As a reminder, this call is being recorded and also bein ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-34028 Delaware 51-0063696 (State or other jurisdiction of incorporation or organization) (I ...

American Water Works Company, Inc. (NYSE:AWK) Q2 2020 Earnings Conference Call August 6, 2020 9:00 AM ET Company Participants Ed Vallejo - VP of IR Walter Lynch - President and CEO Susan Hardwick - CFO Conference Call Participants Angie Storozynski - Seaport Global Insoo Kim - Goldman Sachs Jonathan Reeder - Wells Fargo Operator Good morning and welcome to American Water’s Second Quarter 2020 Earnings Conference Call. As a reminder, this call is being recorded and is also being webcast with an accompanying ...