American Water Works pany(AWK) - 2014 Q4 - Earnings Call Presentation

Financial Performance - Operating revenues increased from $2.88 billion in 2013 to $3.01 billion in 2014[15] - Adjusted diluted earnings per share from continuing operations increased by 10%, from $2.21 in 2013 to $2.43 in 2014[40] - The company is reaffirming its 2015 EPS guidance of $2.55-$2.65[22] - The company's long-term EPS growth goal is 7-10% from 2015-2019, anchored from FY 2013[23, 24] - Adjusted Return on Equity increased from 832% to 886% from 2013 to 2014[51, 89] Investments and Acquisitions - The company invested $1 billion in infrastructure in 2014, $100 million over the original estimate[18] - The company closed acquisitions of 13 systems in 2014, adding 4,500 water & wastewater customers[18] - 11 announced pending acquisitions are expected to add 21,500 water & wastewater customers[18] Regulatory Updates - New Jersey Rate Case filing requests a $662 million increase, or 996%[29] - Indiana American rate case order effective January 29, 2015, includes $51 million revenues (26% increase) driven by over $220 million investment in assets[30] Operational Efficiency - The company is targeting an O&M Efficiency Ratio of 34% by 2020[32]