Company: AWK
Filing Date: 2025-10-27
Form Type: 425
Source: 0001193125-25-250649
Chunk: 191

Company: American Water Works Company, Inc.
Filing Date: 2025-10-27
Form: 425
Chunk 191
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 Officer 3

Agenda Transaction Overview Strategic Rationale Combined Business Profile Growth Outlook Credit Profile Regulatory Approvals & Timeline Key Takeaways 4

Uniting the Two Leading U.S. Water and Wastewater Utilities Tax-Free, All-Stock Merger John Griffith, President & Chief Executive Officer Deal Leadership Structure David Bowler, Executive Vice President & Chief 1 $40B Market Cap Financial Officer 1 Cheryl Norton, Executive Vice President & Chief $63B Enterprise Value Operating Officer Fixed Exchange Ratio: 0.305 Daniel Schuller, Executive Vice President & Chief AWK shares for each WTRG Strategy Officer share Colleen Arnold, President, Regulated Operations Michael Huwar, President of Peoples Natural Gas AWK Shareholders: 69% Karl Kurz, Independent Board Chair Ownership Board Composition Christopher Franklin, Executive Vice Chair & Executive WTRG Shareholders: 31% Sponsor of Integration Task Force Maintaining AWK existing Proportional board composition Dividend dividend policy (10 AWK Directors, 5 WTRG Directors) EPS: 7% - 9% Targeting close by the end of Q1 2027 Growth Timing Target American Water DPS: 7% - 9% Name & Headquarters Headquartered in Camden, NJ Essential’s Bryn Mawr and Pittsburgh offices will each continue to maintain a strong operational presence long term Upon closing of the transaction, American Water plans Strategic Alternatives to conduct a review of strategic alternatives for its non- Review water and non-wastewater businesses 1. Represents combined equity market capitalization as of 10/24/2025. 5

Shared Mission of Safely Delivering Reliable AMERICAN WATER SERVING CUSTOMERS ACROSS and Affordable Utility Services 14 RE GULATED STATES 2 U.S. CONNECTIONS 3.5M 1.9M IA PA NJ OH IL IN MD WV CA MO VA KY 1 3 NC 2024A RATE BASE TN $22.1B $11.5B GA TX HI WATER & WAS TEWATER 790 227 TREATMENT PLANTS ESSENTIAL E M P L O Y EES 6,700 3,300 SERVING CUSTOMERS ACROSS 9 REGULATED STATES YEARS OF SERVING 139 139 AMERICAN FAMILIES American Water Essential (Gas) Essential (Water & Wastewater) TRANSMISSION & 4 54,500 mi. 29,500 mi. D I S TR IBU