Essential Utilities, Inc. · NYSE:WTRG
Essential Utilities — Merger or Acquisition (October 2025)
10 slides from Essential Utilities's merger presentation, Oct 28, 2025
Slide 1: American Water and Essential Utilities Agree to Combine
American Water and Essential Utilities Agree to Combine Advancing our mission to provide safe, clean, reliable and affordable water and wastewater services October 27, 2025 FOR INTERNAL USE ONLY – CONFIDENTIAL AND PROPRIETARY – DRAFT
Slide 2: Forward Looking Statements
Disclosure Forward Looking Statements Cautionary Statement Regarding Forward-Looking Statements Certain statements included in this communication are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of
Slide 3: Diversified Regulated Portfolio Across 17 States
4 3 Note: Totals may not sum due to rounding. Peoples Natural Gas located in Pennsylvania and Kentucky. As of 12/31/2024. Other includes TN 1.0%, IA 0.9%, HI 0.2%, MD 0.1%. Other includes TN 0.8%, IA 0.8%, HI 0.2%, MD 0.1%. Diversified Regulated Portfolio Across 17 States Combined Regulated Water &
Slide 4: Delivers Expansive Benefits to Key Stakeholders
Delivers Expansive Benefits to Key Stakeholders Increased career growth opportunity for employees Strengthens position as a top employer of choice; Recognized on the Forbes America’s Best Employers for Company Culture 2025 list Attracting top talent through reputation and expanded opportunities Broa
Slide 5: Leadership of American Water and Essential Utilities
John Griffith President & Chief Executive Officer David Bowler Executive Vice President & Chief Financial Officer Cheryl Norton Executive Vice President & Chief Operating Officer Christopher Franklin Chairman & Chief Executive Officer Daniel Schuller Executive Vice President & Chief Financial Office
Slide 6: Compelling Long-Term Growth Outlook in Premier Asset Class
Compelling Long-Term Growth Outlook in Premier Asset Class 7% - 9% Long-Term EPS CAGR Target RATE BASE GROWTH 8% - 9% (includes acquisitions) REGULATED ACQUISITIONS 2% Customer Additions MILITARY SERVICES GROUP Maximize Service Quality 7% - 9% Long-Term EPS CAGR Target RATE BASE GROWTH 8% - 9% (incl
Slide 7: Combined Company Will Leverage the Capabilities and Talent of Both
Combined Company Will Leverage the Capabilities and Talent of Both American Water and Essential Company HQ will Remain in Camden, NJ Essential’s Bryn Mawr and Pittsburgh offices will each continue to maintain a strong operational presence long term Combined Company will be called American Water The
Slide 8: Diversified Regulated Portfolio Across States
Diversified Regulated Portfolio Across 17 States Water & wk Water & Ox) a | b per I wire Regulated Water & Wastewater Operations ©") Military Services Group Note: Peoples Natural Gas located in Pennsylvania and Kentucky. Zo ath =
Slide 9: Approvals and Timeline: Path to Close
Q4 2025 – Q1 2026 File Regulatory Applications Required approvals include Hart-Scott-Rodino and certain public utility commissions Q1 2026 Special Shareholder Meetings Required special AWK and WTRG shareholders meetings are held Approvals and Timeline Path to Close Q1 2027 Transaction Close Transact
Slide 10: American Water and Essential Utilities to Merge as a Leading Regulated U.S. Water and Wastewater Utility
American Water and Essential Utilities to Merge as a Leading Regulated U.S. Water and Wastewater Utility o> a. ; bo he yannouncemen f > Y ° ; ~ » Read we* ful mysource externa al microsite ee ee information
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