California Water Service Group · NYSE:CWT
California Water Service — Shareholder Meeting (April 2026)
14 slides from California Water Service's shareholder meeting presentation, Apr 17, 2026
Slide 1: California Water Service Group 2026 Annual Meeting, Stockholder Outreach
California Water Service Group 2026 Annual Meeting, Stockholder Outreach
Slide 2: 2025 Results and Key Achievements
2 Our 2025 financial results were in line with our expectations, given substantial inflationary pressure impacts since July 2022 (when our current California rate case application was filed), adverse weather impacts on demand during the fourth quarter, and the fact that 2025 was the third year of ou
Slide 3: Long-Term Stockholder Value by Investing in Infrastructure and Growing our Rate Base
Long - Term Stockholder Value by Investing in Infrastructure and Growing our Rate Base We aim to provide long - term stockholder value by investing in infrastructure and growing our rate base. As a reminder, we are authorized by our regulators to earn a reasonable return on infrastructure investment
Slide 4: Relative Total Shareholder Return Performance
Relative Total Shareholder Return Performance Although Group’s short - term TSR currently lags the water utility peer group, our long - term TSR outperforms the median of regulated water utilities. Short - term stock movements in the water utility space often reflect temporary factors such as timing
Slide 5: Highly Qualified Nominees with Diverse Perspectives, Experiences and Backgrounds
Highly Qualified Nominees with Diverse Perspectives, Experiences and Backgrounds 5 GREGORY E. ALIFF Former Vice Chairman and Senior Partner of U.S. Energy & Resources, Deloitte LLP SHELLY M. ESQUE Former Vice President and Global Director of Corporate Affairs, Intel Corporation MARTIN A. KROPELNICKI
Slide 6: Independent Directors with Optimal Mix of Skills and Experience
Independent Directors with Optimal Mix of Skills and Experience INDEPENDENCE 10 of 11 director nominees are independent 6
Slide 7: Board Committees
Board Committees 7 Organization and Compensation Nominating/ Corporate Governance Finance and Capital Investment Enterprise Risk Management, Safety, and Security Audit Gregory E. Aliff Shelly M. Esque Jeffrey Kightlinger Martin A. Kropelnicki Thomas M. Krummel, M.D. Yvonne A. Maldonado, M.D. Scott L
Slide 8: Changes Made in Response to Stockholder Feedback
In response to feedback, we made the following changes*: At - Risk - Pay (ARP) 2026 performance period metrics: • Increased metric weighting on financial measures to 60% from 40% • Reduced the number of metrics and sub - metrics to 7 from 11, which aligns with the 2026 Proxy peer group’s practices •
Slide 9: Performance-Driven Executive Compensation
Performance - Driven Executive Compensation 9 The Organization and Compensation Committee meets three times per year. Providing strong oversight, the Committee reviews, evaluates and approves all executive compensation program pay elements and performance metrics, including all performance compensat
Slide 10: At-Risk-Pay Compensation
At - Risk - Pay Compensation ARP Compensation is designed to align short - term incentives with long - term strategic objectives that serve both stockholders and customers . Target levels are set at a sufficiently rigorous level such that achievement is a good indicator that the Company’s trajectory
Slide 11: Long-Term Performance & Time-Based Equity Compensation
Long - Term Performance & Time - Based Equity Compensation 11 The long - term performance metrics are a central component of our performance - based equity program, designed so that executive compensation is directly tied to the sustained success of Group. These metrics help align compensation with
Slide 12: CEO Compensation Philosophy and Rationale
CEO Compensation Philosophy and Rationale The Organization & Compensation Committee’s executive compensation decisions are guided by a strong pay - for - performance philosophy, designed to align CEO compensation outcomes with Company performance, long - term strategy execution, and stockholder valu
Slide 13: Our Board Recommends Voting FOR Proposals 1, 2 and 3
Our Board Recommends Voting: 13 “ FOR ” the election of 11 directors PROPOSAL 1 “ FOR ” the advisory vote on executive compensation PROPOSAL 2 “ FOR ” the ratification of independent registered public accounting firm PROPOSAL 3
Slide 14: Forward-Looking Statements & Other Important Information
Forward – Looking Statements & Other Important Information This presentation and the materials referred to herein contain forward - looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (the PSLRA). 14 The forward - looking statements are intended
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