American Water Works pany(AWK) - 2015 Q4 - Earnings Call Presentation

Financial Performance - The company reported strong full-year results with operating revenues increasing from $3.011 billion in 2014 to $3.159 billion in 2015[17] - Adjusted diluted earnings per share (EPS) from continuing operations grew from $2.43 in 2014 to $2.64 in 2015[18] - The company is on track to achieve its EPS growth target of 7-10% from 2016 to 2020, anchored from FY 2014[20,23] - Cash flow from operations increased from $298 million to $386 million for the fourth quarter and from $1.097 billion to $1.179 billion year-to-date from 2014 to 2015[48] - Adjusted Return on Equity increased from 8.86% to 9.43% from 2014 to 2015[48] Investments and Acquisitions - The company made a record capital expenditure (Capex) investment of $1.4 billion in 2015, with $1.2 billion in regulated operations[15] - The company closed 14 acquisitions in 2015, adding approximately 24,000 customers[21,83] - The company has 12 pending acquisitions with approximately 9,000 potential customers[21,83] Operational Efficiency and Regulatory Updates - The company is on track to obtain a 34% O&M efficiency target by 2020[31] - The company's Illinois American Water rate case filing requests $40 million in revenues, driven by over $342 million investment from 2013-2017[30] - The company's Kentucky American Water rate case filing requests $13.5 million in revenues, driven by $79 million of investment since 2012[30] Business Segment Contribution - Regulated Businesses contributed $0.54 EPS in the fourth quarter of 2015, a $0.01 increase from 2014, and $2.63 for the full year, an increase of $0.18 from 2014[38] - Market-based Businesses contributed $0.06 EPS in the fourth quarter of 2014 and 2015, and $0.24 for the full year 2015, an increase of $0.02 from 2014[38]