California Water Service Group (CWT) Investor presentation summary

Company overview and centennial milestone

• Celebrating 100 years, serving over 2 million people across five states with a legacy of operational ingenuity and regulatory integrity.

• Largest regulated water utility in the western U.S., with 500,000+ connections in California and significant presence in Hawaii, New Mexico, Washington, and Texas.

• Extensive infrastructure includes 8,033 miles of water main, 1,119 wells, 689 storage tanks, and 17 wastewater treatment plants.

Strategic growth and acquisitions

• Entered agreements to acquire Nexus Water Group's Nevada and Oregon operations, adding ~36,000 connections and expanding into two new states.

• Agreed to purchase remaining interests in BVRT Utility Holdings, becoming sole owner of seven Texas utilities, with significant customer growth potential.

• Strategic acquisitions drive geographic diversification, rate base growth, and provide scalable platforms for future expansion.

Financial performance and capital allocation

• 2025 revenue reached $1.0B with $128M net income; three-year revenue and net income growth supported by regulated model.

• Maintains strong liquidity with $600M credit facilities, $51.8M unrestricted cash, and 323rd consecutive quarterly dividend.

• Announced 2026 annual dividend of $1.34 per share, marking the 59th consecutive increase and an 8.1% rise over 2025.