JPM Energy, Power & Renewables Conference June 23, 2022 Forward-Looking Statements 2 Safe Harbor This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Some of these forward-looking statements can be identified by the use of forward-looking words such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "estimates," "projects," "strategy," or "anticipates," or the negative of th ...

Financial Data and Key Metrics Changes - First quarter revenue was $124.3 million, an 8% increase over the first quarter of 2021 [17] - Net income for the quarter was $3.7 million or $0.12 diluted earnings per share, a 43% increase from $2.6 million or $0.09 diluted earnings per share in the same period last year [17] - The net change in diluted earnings per share was primarily due to cumulative rate increases of $0.06 per share, new customers contributing $0.03 per share, and increased customer usage adding $0.02 per share [17][18] Business Line Data and Key Metrics Changes - In California, residential customer usage increased due to lower-than-normal precipitation and warm temperatures, while business usage decreased by 5% compared to the first quarter of 2021 [15] - The company recorded a nonrecurring gain on the sale of nonutility property of $0.07 per share, which was partially offset by increased production costs and other expenses [18] Market Data and Key Metrics Changes - The effective consolidated tax rates for the quarters ended March 31, 2022, and 2021 were approximately 22% and a negative 52% respectively, with the higher effective tax rate in 2022 primarily due to discrete tax expense items [22] Company Strategy and Development Direction - The company is focused on delivering high-quality regional water service platforms and has laid groundwork for 2022 financial and ESG goals [8][45] - A $223 million capital spending plan for 2022 has been authorized, with nearly half allocated to pipeline replacement projects [28] - The company aims to reduce Scope 1 and 2 greenhouse gas emissions by 50% by 2030 using a 2019 baseline [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the prospects for SJWTX, the Texas Water and Wastewater utility, which has tripled its customer base over the past 15 years [40] - The company announced 2022 guidance of $2.30 to $2.40 per diluted share, assuming CPUC approval of the general rate case settlement [42] Other Important Information - The company has established an ESG Council to strengthen governance around ESG commitments [11] - A new $60 million drinking water treatment facility in Maine is set to replace a 138-year-old treatment plant [36] Q&A Session Summary Question: Guidance assumptions regarding cost of capital and ROE - Management confirmed that the debt reset is contemplated in the guidance and that ROE assumptions are under ongoing discussions [50] Question: Impact of gain on sale and OII settlement on guidance - Management stated that all one-time items incurred to date are included in the guidance, including the OII [52] Question: Tax rate assumed in guidance - The forecasted tax rate is approximately 16% [64] Question: EPS estimate excluding one-time items - Management indicated that the one-time items netted to a $0.03 delta, with a recurring basis at $0.09 compared to the prior year [66] Question: Impact of pending GRC settlement on revenue - Management estimated that the pending GRC settlement could add approximately $4 million in revenue [79]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8966 SJW GROUP (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-8966 SJW GROUP (Exact name of registrant as specified in its charter) Delaware 77-0066628 (State or other jurisdiction of incorporation or orga ...

Financial Data and Key Metrics Changes - In 2021, the company reported earnings of $2.03 per share, a decrease from $2.14 per share in 2020 [27] - Revenue for 2021 was $573.7 million, an increase of $9.2 million compared to the previous year [27] - Fourth quarter revenue was $139.7 million, a $4 million increase over the fourth quarter of 2020 [21] Business Line Data and Key Metrics Changes - The company invested more than $230 million in water and wastewater systems in 2021 [8] - The Texas operation grew its customer base by 20% through acquisitions and organic growth [8] - Water production expenses increased by $3.3 million in 2021, primarily due to higher average per unit water production costs [29] Market Data and Key Metrics Changes - The company experienced a decrease in customer usage, particularly in California, due to drought conditions [20] - Cumulative rate increases contributed $0.86 per share to diluted earnings in 2021 [27] - The effective income tax rate for the fourth quarter was 15%, compared to a negative 7% in the same quarter of 2020 [25] Company Strategy and Development Direction - The company plans to invest $223 million in infrastructure improvements in 2022, with a total of over $1.3 billion planned over the next five years [35] - The focus remains on acquiring water and wastewater utilities and maintaining constructive relationships with stakeholders [7] - The company aims to reduce greenhouse gas emissions by 50% by 2030, aligning with the Paris Agreement [12] Management's Comments on Operating Environment and Future Outlook - Management noted extreme weather conditions affecting operations, including droughts and storms [13] - The company is optimistic about the prospects for its Texas operations, which have seen significant growth [43] - Management expressed confidence in the regulatory processes and anticipated positive outcomes from ongoing rate cases [66] Other Important Information - The company has been recognized for its ESG efforts, tying for the lead in social scores among U.S. water utility peers [10] - A 5.9% increase in the dividend to $1.44 per share was authorized for 2022, continuing a 54-year trend of annual dividend increases [46] - The company has established financial assistance programs for customers in need, including a $10 million fund from the California Water and Wastewater Arrearage Payment Program [17] Q&A Session Summary Question: Clarification on water production volumes - The 1.3 billion gallons mentioned is exclusive of the 350 million gallons produced year-to-date [51] Question: Guidance on cost of capital and future earnings - Management indicated that the proposal, if approved, would result in a modest increase of $1.50 per month per customer [52] Question: Water production quotas in relation to GRC - The settlement agreement reduces the amount of company-produced surface water, which is expected to align with current water production expectations [58] Question: Future M&A activity - The company remains focused on Texas for acquisitions but is open to opportunities in other states that are accretive to shareholders [76]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8966 SJW GROUP (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R ...

SJW Group (NYSE:SJW) Q3 2021 Earnings Conference Call October 29, 2021 1:00 PM ET Company Participants James Lynch - Chief Financial Officer Eric Thornburg - Chairman of the Board, President & Chief Executive Officer Conference Call Participants Angie Storozynski - Seaport Global Jonathan Reeder - Wells Fargo Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the ...

SJW Group (NYSE:SJW) Q2 2021 Earnings Conference Call July 30, 2021 1:00 PM ET Company Participants James Lynch - Chief Financial Officer Eric Thornburg - Chairman of the Board, President & Chief Executive Officer Conference Call Participants Jonathan Reeder - Wells Fargo Richard Sunderland - JPMorgan Operator Good day, and thank you for standing by. Welcome to the SJW Group Q2 2021 Financial Results Conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, ...

SJW GROUP (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8966 (State or other jurisdiction of incorporation or organization) (I.R.S. E ...

SJW Group (NYSE:SJW) Q1 2021 Earnings Conference Call April 29, 2021 11:00 AM ET Company Participants James Lynch - Chief Financial Officer Eric Thornburg - Chairman of the Board, President and Chief Executive Officer Andy Gere - President and Chief Operating Officer Conference Call Participants Richard Sunderland - JPMorgan Angie Storozynski - Seaport Global Hasan Doza - Water Asset Management Jonathan Reeder - Wells Fargo Operator Good day, and thank you for standing by. Welcome to the SJW Group Q1 2021 ...