!"#$%#&'()%)"*)+"$",'-"./,'-/012/'3$$#45)67'-%#87$$#%'94"##:'#8'0125177%512';15<7%$56='#8'>?7:@"''A46#*7%'B,'BCDE'

3F'0G0H>IF>'J3K0H'G3F3>0G0FK'-3H3.I>G'

L:5M)67';147%6)51657$'

"66@NOO&&&/6"7$6)%/4#MO''

"66@NOO17&$/1)65#1):@#$6/4#MO'"66@NOO$45714=6"#?2"6$/*:#2$@#6/4)O'

"66@NOO&&&/7P)M517%/4#M'

K"7'(#%2#6671'J"567'0:7@")16'

Treatment

$72,000,000,000

Collection & Distribution

Q):?7'#8'J)67%'R'J)$67&)67%'I18%)$6%?46?%7'51'A16)%5#'

J09-,'BCCS'

Capital renewal & deferred maintenance

Growth

$34,000,000,000

H7T?5%7U'I1<7$6M716'*='BCBC'

J09-,'BCCS'

Anticipated Deficit

$18 Billion

Anticipated Investment

$16 Billion

$34,000,000,000

H7T?5%7U'I1<7$6M716'*='BCBC'

J09-,'BCCS'

I1V:6%)65#1')1U'W7)+$'G5%X),'BCCY'

K"7'H"76#%54'<$/'H7):56='•!K"7'H"76#%54N'•! 'J7'177U'M#%7'4)@56):'51<7$6M716'•! (?::'4#$6'%74#<7%='•! W7)+O51V:6%)65#1'M)1)27M716'•! K5M7:='%7@)5%$')1U'M)51671)147'Z'

•!K"7'H7):56=N'•!A?%'4?%%716'@)%)U52M'#8'&)67%'M)1)27M716'5$'?1$?$6)51)*:7'•! 04#1#M54)::='

•! 01<5%#1M716)::='

•! 9#45)::='''

97:8'['95M5:)%56=''•! A?%')@@%#)4"7$'6#'518%)$6%?46?%7'U7<7:#@M716'5$')$6#15$"512:='$5M5:)%'

K"7'0M7%2512'-)%)U52M'

•!A?%'&)67%'$=$67M'5$')'U=1)M54'4#M@:7P'$=$67M''D/! L#M@:7P'5M@:57$N'•! L#M@%5$7U'#8'4#M@#1716'@)%6$'•! -)%6$'5167%)46'•! K"7'*7")<5#?%'#8'6"7'$=$67M'5$'U5\7%716'6")6'6"7'6#6):'$?M'#8'6"7'*7")<5#?%'#8'6"7'51U5<5U?):'@)%6$'''

'

B/! .=1)M54'5M@:57$'•! 9=$67M'5$'$71$565<7'6#'51565):'4#1U565#1$'•! K"7':#12]67%M'*7")<5#?%O#?64#M7$'#8'6"7'$=$67M')%7'U5^4?:6'6#'@%7U546'

;17P@7467U'9=$67M'_7")<5#?%'

H?%):];%*)1'G52%)65#1'

G#%7'4#1$6%?465#1'51'45657$'

W#$$'#8'@7%M7)*:7'$?%8)47$'

W#$$'#8'*5#U5<7%$56='

IM@)46'#1'@?*:54'"7):6"'

`3867%'94"7%57%'76/'):,'BCDCa'

_5#U

5<7%$56=')1U

'b7):6"

'

H7:)65#

1$"5@'*76&

771'"?M)1'J

FQ'U5$7)$7'5145U7147''

)1U'1#

1]@)$$7%517'$@7457$'%54"17$$'51'`)a'BCC

B')1U''

`*a'BCC

E/'`3

867%'0X71&

)'76'):/,'BCDBa'

'

K"7'I167%4#117467U'9=$67M'

•!97<7%'&7)6"7%'@)667%1$'•! .%#?2"6$'•! IM@)46'#1'518%)$6%?46?%7''

•! 9=14"%#15X7U'K#5:76'(:?$"512'`c5M*)*&7a''

!"#$%&'!()%

*(+,-#./#0#1(2.

!"#33(1'45&6)%

-

+

!"(07'0%"'8#.922#12($%:%77'53;"($(:+'#'1#"

<"%776"%'25'"%861%/5:+"%72(5:

=5#8/5:72"612(5:

98%>6#1.'53'<6?&(1!"#:705"2#2(5:

=%$%:6%'53'<6?&(1!"#:705"2#2(5:

+

+

+

+

-

+

-

<6?&(1'!"#:705"2=(8%"7,(0

-

+

!"#$%&"'()*+,-"'%.""/%

0$#/-12%324#15"*%.""/%

6+785,%9*#'(5)%.""/%

'

'

+

!

(%#M'L#M@:7P'6#'L#M@:7P'3U)@65<7'9=$67M$'

!"#$%&"'()*+',#-.+./'0121'

L")%)467%5$654$'R'.=1)M54$'#8'L39'

H/'b)+5M5,'BCDE'

.5$6%5*?67U'L#16%#:'O'G)1)27M716'

•!9=$67M$'%7:=512'#1'U5$6%5*?67U'4#16%#:'•! 3%7'M#%7'4#$6]7\7465<7'`%74)::'4#$6'#8'4#::7465#1OU5$6%5*?65#1'$=$67M'51'AFa'•! 3%7'M#%7'7^45716'`4)1'?65:5X7'717%2=')1U'%7$#?%47$'M#%7'4#M@:767:=a'•! 3%7'M#%7')U)@65<7'•! 3%7':7$$'@%#17'6#'4)6)$6%#@"54'8)5:?%7$'•! 3%7'M#%7'U7M#4%)654'•! _?5:U'4)@)456=')6'M?4"'&5U7%'$4):7'`$#45):O674"154):O74#1#M54a'

•!G)1)27M716'5$'8)%'M#%7'7\7465<7')6'6"7'U5$6%546':7<7:'

Residential… Municipal…

Institutional/ Commercial/Industrial….

.5$6%5*?67U'9=$67M$'['H)51&)67%'b)%<7$6512'

J)67%'H74=4:512')1U'H)51&)67%'b)%<7$6512'

.5$6%5*?67U'9=$67M$'['H)51&)67%'b)%<7$6512%•!!"#$%"#$&'"("$%"&)"$*"+,$,-+&•!..&+/&0,1%2($&•!3"4"+&.5/&6"(&(2%2$7"$&8$*&-12&•!'"9:5/&6"(&*2%2$7"$&8$*&1;"#&(2;2812&

.5$6%5*?67U'9=$67M$'['J)67%]017%2=](##U'

•! >%7=&)67%'6%7)67U'*='U74#%)65<7'&76:)1U'@:)16$'

•! H7?$7U'8#%'6#5:76'd?$"512')1U'5%%52)65#1'

•! K"7'2%771"#?$7'5$'@)%65)::='?$7U'8#%'2%#&512'<7276)*:7$'5%%52)67U'&56"'%)51&)67%'

•! >%771"#?$7'5$'@)$$5<7:='"7)67U'6"%#?2"#?6'6"7'&5167%'

•! J)$67'"7)6'8%#M'bHQ'•! b7)6'8%#M'2%7=&)67%'•! b7)6'2717%)67U'8%#M'6"7'4#M@#$6'

*7U$'*717)6"'6"7'2%771"#?$7'd##%'•! -)$$5<7'$#:)%'"7)6512')1U'$6#%)27'

A6"7%'I$$?7$'6#'L#1$5U7%'

•!b?M)1'&)$67'4)1'*7'$)87:='M517U'6#'@%#U?47N'•! 017%2='`M76")17'8%#M'*5#U527$67%$,'*5#:#254):'"=U%#271,'"7)6'%74#<7%=a'•!F?6%5716$'8#%'8##U'@%#U?465#1'`K-,'KF,'!,'764/a'•! ;%517'$7@)%)65#1')1U'4#1<7%$5#1'6#'$6%?<567'•! L#M@#$67U'*5#$#:5U$'8%#M'U527$67%$'

•! (%7$"&)67%'

()45:56)6512'3U)@6)65#1'

•!K"7%7'5$'1#'e$5:<7%'*?::76f,'1#'e#17'$5X7'V6$')::f')@@%#)4"'

34#

5.%6'*(

'7*54%.*89

'

ECg'

:*99.;5&'!5%&)8#%.<&9'(*)'!"#$%#%.*89'

H787%7147$'D/! J)67%'96%)672='0P@7%6'-)17:'`J90-a/'BCCS/'J)67%652"6N'K"7'4)$7'8#%'4")127'51'

A16)%5#h$'&)67%')1U'&)$67&)67%'$746#%/'H7@#%6'#8'6"7'J)67%'96%)672='0P@7%6'-)17:,'@%7@)%7U'8#%'6"7'G515$6%='#8'-?*:54'I18%)$6%?46?%7'H717&):/'i?771h$'-%5167%'8#%'A16)%5#/'I9_F]C]YYjk]YjBl]j/'

B/! 9/'G5%X)'`BCCYa/'.)127%'3"7)UN'K"7'L#M512'L#::)@$7'#8'L)1)U)h$'G?1545@):'I18%)$6%?46?%7/'-%7@)%7U'8#%'(LG/'"66@NOO&&&/84M/4)O.#4?M716$O%7@#%6$O.)127%m3"7)UmK"7m4#M512m4#::)@$7m#8mL)1)U)$mM?1545@):m518%)$6%?46?%7m0F/@U8/''

E/! b)+5M5,'3/'`BCDCa/'K"7'17&'&#%:U'#8'7M7%2716')%4"56746?%7')1U'4#M@:7P')U)@65<7'$=$67M$''H76%57<7U'3@%5:'j6",'BCDE,'8%#M'"66@NOO*:#2$/M$U1/4#MO*OX71O)%4"5<7OBCDCOClODCO6"7]17&]&#%:U]#8]7M7%2716])%4"56746?%7])1U]4#M@:7P])U)@65<7]$=$67M$/)$@P'

k/! b)+5M5,'H/'BCDE/'(#$67%512'I11#<)65#1'6"%#?2"'L#M@:7P'3U)@65<7'9=$67M$'K"7#%=N'3'4)$7'$6?U='#8')1'7125177%512'#%2)15X)65#1/'G394/'K"7$5$/'94"##:'#8'0125177%512,';15<7%$56='#8'>?7:@"/'

''