Third Quarter

2021 Results Presentation

October 28, 2021

0

This presentation contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 ("Act").

The forward-looking statements are intended to qualify under provisions of the federal securities laws for "safe harbor" treatment established by the Act. Forward-looking statements are based on currently available information, expectations, estimates, assumptions and projections, and management's judgment about the Company, the water utility industry and general economic conditions. Such words as would, expects, intends, plans, believes, may, estimates, assumes, anticipates, projects, predicts, targets, forecasts or variations of such words or similar expressions are intended to identify forward- looking statements. The forward-looking statements are not guarantees of future performance. They are subject to uncertainty and changes in circumstances. Actual results may vary materially from what is contained in a forward-looking statement. Factors that may cause a result different than expected or anticipated include, but are not limited to: the impact of the ongoing COVID-19 pandemic and related public health measures; our ability to invest or apply the proceeds from the issuance of common stock in an accretive manner; governmental and regulatory commissions' decisions, including decisions on proper disposition of property; consequences of eminent domain actions relating to our water systems; changes in regulatory commissions' policies and procedures, including discontinuance of WRAM in the next GRC filing (which may impact operations commencing in 2023); the outcome and timeliness of regulatory commissions' actions concerning rate relief and other matters; increased risk of inverse condemnation losses as a result of climate conditions; inability to renew leases to operate water systems owned by others on beneficial terms; changes in California State Water Resources Control Board water quality standards; changes in environmental compliance and water quality requirements; electric power interruptions; housing and customer growth; the impact of opposition to rate increases; our ability to recover costs; availability of water supplies; issues with the implementation, maintenance or security of our information technology systems; civil disturbances or terrorist threats or acts; the adequacy of our efforts to mitigate physical and cyber security risks and threats; the ability of our enterprise risk management processes to identify or address risks adequately; labor relations matters as we negotiate with the unions; changes in customer water use patterns and the effects of conservation; our ability to complete, successfully integrate and achieve anticipated benefits form announced acquisitions; the impact of weather, climate, natural disasters, and actual or threatened public health emergencies, including disease outbreaks, on our operations, water quality, water availability, water sales and operating results and the adequacy of our emergency preparedness; restrictive covenants in or changes to the credit ratings on our current or future debt that could increase our financing costs or affect our ability to borrow, make payments on debt or pay dividends; and, other risks and unforeseen events. When considering forward-looking statements, you should keep in mind the cautionary statements included in this paragraph, as well as the annual 10- K, Quarterly 10-Q, and other reports filed from time-to-time with the Securities and Exchange Commission (SEC). The Company assumes no obligation to provide public updates of forward-looking statements.

RELATIONSINVESTOR 1

Today's Participants

Marty Kropelnicki

Paul Townsley

President & CEO

Vice President, Corporate Development

and Chief Regulatory Officer

Tom Smegal

Dave Healey

Vice President, CFO & Treasurer

Vice President, Controller

RELATIONSINVESTOR 2

Presentation Overview

  1. Our Operating Priorities
  1. Financial Results and EPS Bridges o Earnings Notes
    o Regulatory Update o Drought
    o Continuing COVID-19 Impacts o Business Development Update o Cap Ex and Rate Base Tables o In Summary

RELATIONSINVESTOR 3

Our Operating Priorities

Affordable,

Excellent Service

  1. Continuous improvement, efficient innovation

o Technology as enabler

o Centralized platform

  • process standardization

o Clear & effective communications

High-Quality

Water &

Wastewater

o Consistent sampling

  • rigorous monitoring

o Use of best available treatment & testing technologies

Employees as

Best Advocates

o Safe workplace & healthy lifestyles

  1. Professional development

o Effective, transparent communication

  1. Teamwork

Strong Brand &

Reputation

  1. Environmental stewardship
  1. Community involvement & leadership
  1. Water conservation leadership
  1. Communication & corporate governance

Enhanced

Stockholder

Value

  1. Infrastructure investment
  1. Growth by criteria & for long term (organic/M&A/ innovative partnerships)
  1. Risk management
  1. Progressive regulatory management
  1. Effective investor relations

RELATIONSINVESTOR 4

Attachments

  • Original document
  • Permalink

Disclaimer

California Water Service Group published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 08:18:03 UTC.