FORM 8-K - SEC.gov | HOME Laurel Oak Road Voorhees, NJ 08043 (Address of principal executive offices, including zip code) (856) 346-8200 (Registrant’s telephone number, including

0001193125-14-453386.txt : 201412240001193125-14-453386.hdr.sgml : 2014122420141224085601ACCESSION NUMBER:0001193125-14-453386CONFORMED SUBMISSION TYPE:8-KPUBLIC DOCUMENT COUNT:33CONFORMED PERIOD OF REPORT:20141215ITEM INFORMATION:Regulation FD DisclosureITEM INFORMATION:Financial Statements and ExhibitsFILED AS OF DATE:20141224DATE AS OF CHANGE:20141224

FILER:

COMPANY DATA:COMPANY CONFORMED NAME:American Water Works Company, Inc.CENTRAL INDEX KEY:0001410636STANDARD INDUSTRIAL CLASSIFICATION:WATER SUPPLY [4941]IRS NUMBER:510063696STATE OF INCORPORATION:DEFISCAL YEAR END:1231

FILING VALUES:FORM TYPE:8-KSEC ACT:1934 ActSEC FILE NUMBER:001-34028FILM NUMBER:141308876

BUSINESS ADDRESS:STREET 1:1025 LAUREL OAK ROADCITY:VOORHEESSTATE:NJZIP:08043BUSINESS PHONE:856-346-8200

MAIL ADDRESS:STREET 1:1025 LAUREL OAK ROADCITY:VOORHEESSTATE:NJZIP:08043

8-K1d842703d8k.htmFORM 8-K

FORM 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuantto Section13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):December15, 2014

American Water Works Company, Inc.

(Exact name of registrant as specified in its charter)

CommissionFile Number:001-34028

Delaware51-0063696

(State or other jurisdiction

of incorporation)

(IRS Employer

Identification No.)

1025 Laurel Oak Road

Voorhees, NJ 08043

(Address of principal executive offices, including zip code)

(856) 346-8200

(Registrants telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of thefollowing provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item7.01 Regulation FD Disclosure

On December15, 2014, American Water Works Company, Inc. (the Company) issued a press release including earnings guidance for 2015. The pressrelease is furnished herewith as Exhibit 99.1. Also on December15, 2014, the Company referenced in a conference call held pursuant to notice in a press release issued on December1, 2014, posted on its website and provided to investors aslide presentation used in connection with the conference call. The slide presentation is furnished herewith as Exhibit 99.2.

The information furnishedpursuant to Item7.01 of this Current Report, including the exhibits furnished herewith, shall not be deemed filed for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to theliabilities of that section, nor shall it be incorporated by reference into future filings by the Company under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, unless the Company expressly sets forthin such future filing that such information is to be considered filed or incorporated by reference therein.

Item9.01 Exhibits.

ExhibitNo.

Description

99.1Press release dated December15, 2014

99.2Slide presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf bythe undersigned hereunto duly authorized.

Date: December24, 2014

By:

/s/ Linda G. Sullivan

Linda G. Sullivan

Senior Vice President and Chief Financial Officer

2

EX-99.12d842703dex991.htmEX-99.1

EX-99.1

Exhibit 99.1

December 15, 2014

AmericanWater Announces 2015 Earnings Guidance

VOORHEES, N.J.(BUSINESS WIRE)American Water Works Company, Inc. (NYSE:AWK), the largest publiclytraded U.S. water and wastewater utility company, today announced its earnings guidance for 2015.

American Water estimates its 2015 earnings fromcontinuing operations will be in the range of $2.55 to $2.65 per share.

The 2015 guidance is based on the continued execution of our strategicgoals as we continue to achieve strong financial and operational performance year over year while delivering clean, safe, reliable and affordable water to our customers, said Susan Story, president and CEO of American Water.

With our customers at the heart of everything we do and an incredible team of employees who are dedicated to meeting those customers needs everyday, we have in place what we need to continue our success. We will continue to make investments to ensure reliable service, develop and leverage new technologies to increase efficiencies, maintain strong regulatory relationships and growstrategically, added Story. Based on our planning and what we have achieved in recent years, we remain confident in our ability to deliver on our long-term EPS growth goal of 7-10 percent, anchored from 2013 earnings.

American Water will host its 2015 earnings guidance call and audio webcast with investors, analysts and other interested parties on Monday, Dec. 15, 2014, at11 a.m. Eastern Time.

Interested parties may listen over the Internet by logging on to the Investor Relations page of the companys websiteat www.amwater.com.

Following the conference call, an audio archive of the call will be available through Dec. 23, 2014, by dialing 1-412-317-0088for U.S. and international callers. The access code for replay is 10056133. The online archive of the webcast will be available through Jan. 15, 2015, by accessing the Investor Relations page of the companys website located atwww.amwater.com.

About American Water

Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the companyemploys approximately 6,600 dedicated professionals who provide drinking water, wastewater and other related services to an estimated 14million people in more than 40 states and parts of Canada. More information can be found atwww.amwater.com.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements in this press release including, without limitation, American Waters estimate of 2015 earnings per share from continuous operations,continued investments, long term earnings per share growth, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are predictionsbased on American Waters current expectations and assumptions regarding future events. Actual results could differ materially because of factors such as the decisions of governmental and regulatory bodies, including decisions to raise or lowerrates; the timeliness of regulatory commissions actions concerning rates; changes in laws, governmental regulations and policies, including environmental, health and water quality, and public utility regulations and policies; the outcome oflitigation and government action related to the Freedom Industries chemical spill in West Virginia; weather conditions, patterns or events, including drought or abnormally high rainfall, strong winds and coastal, intercoastal flooding and coolerthan normal temperatures; changes in customer demand for, and patterns of use of, water, such as may result from conservation efforts; American Waters ability to appropriately maintain current infrastructure and manage the expansion of itsbusiness; its ability to obtain permits and other approvals for projects; changes in its capital requirements; its ability to control operating expenses and to achieve efficiencies in its operations; its ability to obtain adequate and cost-effectivesupplies of chemicals, electricity, fuel, water and other raw materials that are needed for its operations; its ability to successfully acquire and integrate water and wastewater systems that are complementary to its operations; its ability tosuccessfully expand its business, including concession arrangements and agreements for the provision of water services to facilitate hydraulic fracking in shale regions; cost overruns relating to improvements or the expansion of its operations;changes in general economic, business and financial market conditions; access to sufficient capital on satisfactory terms; fluctuations in interest rates; the effect of restrictive covenants or changes to credit ratings on its current or future debtthat

could increase its financing costs or affect its ability to borrow, make payments on debt or pay dividends;fluctuations in the value of benefit plan assets and liabilities that could increase financing costs and funding requirements; migration of customers into or out of its service territories; difficulty in obtaining insurance at acceptable rates andon acceptable terms and conditions; its ability to retain and attract qualified employees; labor actions including work stoppages and strikes; the incurrence of impairment charges; and civil disturbance, terrorist threats or acts, or publicapprehension about future disturbances or terrorist threats or acts.

For further information regarding risks and uncertainties associated with AmericanWaters business, please refer to American Waters annual and quarterly SEC filings. American Water does not undertake to update its forward-looking statements.

Click here to subscribe to Mobile Alerts for American Water.

American Water Works Company, Inc.

Edward Vallejo, 856-566-4005

Vice President, Investor Relations

[email protected]

or

Maureen Duffy, 856-309-4546

Vice President, Communications

[email protected]

Source:American Water Works Company, Inc.

News Provided by Acquire Media

EX-99.23d842703dex992.htmEX-99.2

EX-99.2

NYSE: AWK2015 Guidance CallDecember 15, 2014Exhibit 99.2

NYSE: AWKEd Vallejo Vice President of Investor Relations

NYSE:AWK www.amwater.com3December 2014Cautionary Statement Concerning Forward-Looking StatementsCertain statements in this presentation including, without limitation, AmericanWaters estimate of 2015 earnings per share from continuous operations,continued investments, long term earnings per share growth, are forward-looking statements withinthemeaningofthesafeharborprovisionsofthePrivateSecuritiesLitigationReformActof1995.Theseforward-lookingstatementsarepredictionsbasedonAmericanWaterscurrentexpectationsandassumptionsregardingfuture events.Actualresultscoulddiffermateriallybecauseoffactorssuchasthedecisionsofgovernmentalandregulatory bodies,includingdecisionstoraiseorlowerrates;thetimelinessofregulatorycommissionsactionsconcerningrates; changesinlaws,governmentalregulationsandpolicies,includingenvironmental,healthandwaterquality,andpublicutility regulationsandpolicies;theoutcomeoflitigationandgovernmentactionrelatedtotheFreedomIndustrieschemicalspillin WestVirginia;weatherconditions,patternsorevents,includingdroughtorabnormallyhighrainfall,strongwindsand coastal,intercoastalfloodingandcoolerthannormaltemperatures;changesincustomerdemandfor,andpatternsofuseof, water,suchasmayresultfromconservationefforts;AmericanWatersabilitytoappropriatelymaintaincurrentinfrastructure andmanagetheexpansionofitsbusiness;itsabilitytoobtainpermitsandotherapprovalsforprojects;changesinits capitalrequirements;itsabilitytocontroloperatingexpensesandtoachieveefficienciesinitsoperations;itsabilityto obtainadequateandcost-effectivesuppliesofchemicals,electricity,fuel,waterandotherrawmaterialsthatareneededfor itsoperations;itsabilitytosuccessfullyacquireandintegratewaterandwastewatersystemsthatarecomplementarytoits operations;itsabilitytosuccessfullyexpanditsbusiness,includingconcessionarrangementsandagreementsforthe provisionofwaterservicestofacilitatehydraulicfrackinginshaleregions;costoverrunsrelatingtoimprovementsorthe expansionofitsoperations;changesingeneraleconomic,businessandfinancialmarketconditions;accesstosufficient capitalonsatisfactoryterms;fluctuationsininterestrates;theeffectofrestrictivecovenantsorchangestocreditratingson itscurrentorfuturedebtthatcouldincreaseitsfinancingcostsoraffectitsabilitytoborrow,makepaymentsondebtorpay dividends;fluctuationsinthevalueofbenefitplanassetsandliabilitiesthatcouldincreasefinancingcostsandfunding requirements;migrationofcustomersintooroutofitsserviceterritories;difficultyinobtaininginsuranceatacceptablerates andonacceptabletermsandconditions;itsabilitytoretainandattractqualifiedemployees;laboractionsincludingwork stoppagesandstrikes;theincurrenceofimpairmentcharges;andcivildisturbance,terroristthreatsoracts,orpublic apprehensionaboutfuturedisturbancesorterroristthreatsoracts.ForfurtherinformationregardingrisksanduncertaintiesassociatedwithAmericanWatersbusiness,pleasereferto AmericanWatersannualandquarterlySECfilings.AmericanWaterdoesnotundertaketoupdateitsforward-looking statements.

NYSE: AWKwww.amwater.com4December 2014Todays Agenda and Speakers:Strategy Overview: Susan StoryRegulated Operations: Walter LynchMarket Based Operations: Sharon Cameron2015 Earnings Guidance: Linda Sullivan

NYSE: AWKStrategy OverviewSusan StoryPresident and Chief Executive Officer

NYSE: AWKwww.amwater.com6December 2014American Water: The Premier Water Services Provider in North AmericaThe largest publicly traded water and wastewater service provider in the United States~ $9.5 Billion Market CapitalizationOur Business lines:Regulated Businesso~90% of Total RevenuesoProvide water and wastewater services in 16 U.S. stateso3.2 million customer connections, 12 million people servedMarket Based Businesso~ 10 % of Total Revenues (Reg. like risk profile)oProvide services to 43 states and parts of Canadao2 million people served

NYSE: AWKwww.amwater.comDecember 20147Our Past: Strong performance over the past 5 years (20102014)2010-2014~15% EPS Growth*O&M Efficiency ratio comparison of 2010 vs LTM Sep 2014 **Source: Thomson Reuters, Time Period: 2009 2013 Dividend Paid CAGRPeer companies include: AWR, WTR, CWT, ATO, GAS, WGL, GXP, WR, OGE, AEE, POR, LNT,EDE, SCG, POM, HE, IDA, TE, CMS, UNS, PNM. **

NYSE: AWKwww.amwater.comDecember 2014Our Present: FY 2015 Guidance from continuing operations 8*Adjustednon-GAAPmeasureexcluding$0.14EPSimpactofdebttenderofferin2013**Adjusted 2014 guidance excludes Freedom Industries chemical spill EPSimpact of $0.04 in West Virginia

NYSE: AWKwww.amwater.comDecember 20149*Anchored from FY 2013Our Future : Our commitment over the next 5 years

NYSE: AWKII. Regulated OperationsWalter Lynch President and Chief Operating Officer Regulated Operations

NYSE: AWKwww.amwater.com11December 2014American Waters Regulated PresenceEvery day we operate and manage:

47,000miles of distribution and collection mains

80surface water treatment plants

500groundwater treatment plants

1,000groundwater wells

100wastewater treatment facilities

87dams* Data as of year end 2013We manage more than 370 individual water systems across the country*16 regulated states

NYSE: AWKwww.amwater.com12December 2014Infrastructure InvestmentRegulated Business: Focus AreasEfficiency & Water Energy NexusGrowthConstructive Regulatory Frameworks

NYSE: AWKwww.amwater.com13December 2014Regulatory Capital Investment of $5.2 billion over next five yearsNote (1) Regulatory Mechanisms include DSIC, SIC and Future Test YearsInvestments covered by Regulatory Mechanisms 2015 2019 Average Capital Expenditures by Purpose

NYSE: AWKwww.amwater.comDecember 2014Cost containment and timely return on our investments will drive added Capital Expenditures14Note:O&M Efficiency Ratio -Non GAAP Measure See appendix for reconciliationIncremental Revenue Requirement*-Increases Attributable to Opex vs. Capex-Note:*Approximationinstateswherewereceivedblackboxaward**Forgeneralratecaseseffectivein2014,theincrementalrevenue requirement was reduced by 25% due to lower Operating expenditures.O&M Efficiency RatioStretch Target of 34% by 2020**

NYSE: AWKIII. Market-Based OperationsSharon Cameron President, American Water Enterprises

NYSE: AWKwww.amwater.com16December 2014Lines of Business

Homeowner Services (HOS)

Contract Operations

Military Services Group (MSG)

Municipal/Industrial (CSG)Regulated Like

Capitalizes on AW strengths

Strong/consistent margins

Controllable risk

Growing marketsMarket based businesses generate complementary opportunities for growthNote:MBBsegmentalsoincludestwonon-regulatedcontractsforNJconcessionswhicharenotincludedinthispresentation *2011and2012figuresincludeTerratec

NYSE: AWKwww.amwater.com17December 2014Homeowner Services

Protect homeowners from unexpected high repair costs

Manage approximately 700k customers and 1.4m contracts

Municipal partnerships

New York City

Nashville, TN

Burlington, IA

Orlando, FL

Current warranties:

Water Line

Sewer Line

In Home Plumbing

In Home Electric

HVAC (Test)Under-penetrated Market Opportunity as large Municipal Players are Increasingly Open to Partnerships

NYSE: AWKwww.amwater.comDecember 201418Military Services: Overall Growth Strategy

NYSE: AWKIV. 2015 Earnings Guidance: SummaryLinda SullivanSenior Vice President and Chief Financial Officer

NYSE: AWKwww.amwater.com20December 2014Note: *Adjusted 2014 guidance excludes $0.04 EPS impact of Freedom industries chemicalspill in West Virginia **Regulated investment category includes $0.02projected EPS impact due to Freedom industries chemical spill in West VirginiaEarnings guidance for 2015 is $2.55 -$2.65 per share(Diluted EPS from continuing operations)

NYSE: AWKwww.amwater.com21December 20142015 growth largely driven by regulated investment

Capital investment of $1. 2 billion in 2015; regulated investment $1.1 billion

Continued growth strategy in 2014; closing of recently announced acquisitions expected mid-2015

Steady and significant growth continues in Market Based

Shale opportunities developing

NYSE: AWKwww.amwater.com22December 2014FY 2015 Initial Guidance: $2.55 -$2.65Cents per Share variation2015 Guidance and Major Variables

Guidance range includes a certain amount of variability, with weather representing the largest variable

Guidance range expected to cover normal weather variability; weather extremes outside of the band are not included

Weather impacts will be quantified and disclosed for transparency

Guidance range includes $5 million for potential legal costs related to the WV event

NYSE: AWKwww.amwater.com23December 2014Drivers:

Market demand

Environmental Regulations

Investment Risk ProfileDrivers:

Timing of Acquisitions

Legislation

Regulatory TreatmentDrivers:

Market Penetration rate: HOS

Military Award Timing

New Regulated Like products and servicesDrivers:

Capital Investment

Authorized ROEs

Reduction of Regulatory Lag

O&M efficiency

Consumption DeclineLong Term Plan: Consistent growth drivers with additional regulated investment upside as we increase capital investment from $5.8B to $6B*7-10 % Long term EPS growth target anchored from FY 2013

NYSE: AWKwww.amwater.com24December 2014Why American Water is the right investment for you*Source : Thomson Reuters**Source: Thomson Reuters, Time Period: 2009 2013 Dividend Paid CAGR Peer companies include: AWR, WTR, CWT, ATO, GAS, WGL, GXP, WR, OGE, AEE, POR, LNT,EDE, SCG, POM, HE, IDA, TE, CMS, UNS, PNM.

NYSE: AWKIn SummarySusan StoryPresident and Chief Executive Officer

NYSE: AWKwww.amwater.com26December 2014Our future results are anchored on 5 central themes with customers at the center of all we do SAFETYPEOPLETECHNOLOGY & OPERATIONAL EFFICIENCYGROWTHCUSTOMERS

Very satisfied customers

Know our customersneeds and deliver value

Proud and engaged people who are always improving

Diverse teams making a difference

Zero accidents and injuries

Live healthy

Grow existing businesses

Buy and build complementary businesses

Long-term environmental leadership

Industry-leading operational efficiency, driven by technology

NYSE: AWKwww.amwater.com27December 2014Investor Relations Team:Durgesh ChopraDirector Investor [email protected] Vice President Investor [email protected]: 856-566-4005Fax: 856-782-2782

NYSE: AWKAppendix

NYSE: AWKwww.amwater.com29December 2014Reconciliation Table Regulated O&M Efficiency RatioRegulated O&M Efficiency Ratio (A Non-GAAP Unaudited Number)FYFYFYFYLTM Ended Sep($ in thousands)20102011201220132014Total Operations and Maintenance Expense$1,290,941$1,301,794$1,350,040$1,312,724$1,330,605 Less: Operations and Maintenance Expense Market Based Operations256,633278,375276,809264,253272,386 Operations and Maintenance Expense Other(61,138)(69,192)(56,755)(56,973)(53,606)Total Regulated Operations and Maintenance Expense$1,095,446$1,092,611$1,129,986$1,105,444$1,111,825 Less:Allocation of internal non-O&M costs to Regulated O&M expense29,41430,59035,06734,63537,975 Regulated Purchased Water Expense99,83499,008110,173111,119119,692 Impact of West Virginia Freedom Industries Chemical Spill10,302Estimated impact of weather (mid-point of range)4,289(1,514)(1,762)Adjusted Regulated Operations and Maintenance Expense (a)$966,198$963,013$980,457$961,204$ 945,618Total Operating Revenues$2,555,035$2,666,236$2,876,889$2,901,858$2,986,192 Less:Operating Revenues Market Based Operations294,723327,815330,329325,463334,647 Operating Revenues Other(25,344)(30,470)(17,874)(17,523)(17,594)Total Regulated Operating Revenues$2,285,656$2,368,891$2,564,434$2,593,918$2,669,139 Less:Regulated Purchased Water expense*99,83499,008110,173111,119119,692 Plus:Impact of West Virginia Freedom Industries Chemical Spill1,012Estimated impact of weather (mid-point of range)(42,885)15,13716,785Adjusted Regulated operating revenues (b)$2,185,822$2,269,883$2,411,376$2,497,936$2,567,244Regulated O&M Efficiency Ratio (a)/(b)44.2%42.4%40.7%38.5%36.8%*Calculation assumes purchased water revenues approximate purchased waterexpenses

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FORM 8-K - SEC.gov | HOME Laurel Oak Road Voorhees, NJ 08043 (Address of principal executive offices, including zip code) (856) 346-8200 (Registrant’s telephone number, including