美國(guó)水務(wù)american water市場(chǎng)前景及投資研究報(bào)告-培訓(xùn)課件外文版2024.4

COMPANIES

&

PRODUCTSAmericanWaterCHAPTER

01OverviewTotalwaterwithdrawalsinselectedcountriesworldwideasof2021(inbillioncubicmeters)Globalwaterwithdrawals2021,byselectcountryWithdrawalsinbillioncubicmeters200

3000100400500600China(2020)Colombia(2020)Mexico568.5101.289.978.5Japan(2019)Turkey(2020)Russia63.560.6Peru(2020)56Spain(2020)France(2020)SouthAfricaGermany(2019)SouthKorea(2020)Australia29.424.920.920.718.816.33Description:Chinaisamongstthecountrieswiththelargestwaterwithdrawalsworldwide,withtotalannualwithdrawalsofmorethan568billioncubicmeters.Meanwhile,Mexico'stotalwaterwithdrawalsamountedtonearly90billioncubicmetersin2021,orsome697cubicmetersofwaterperinhabitant.ReadmoreNote(s):Worldwide;2021orlatestyearavailableSource(s):OECDWaterwithdrawalspercapitaworldwideasof2021,byselectcountry(incubicmetersperinhabitant)Globalwaterwithdrawalspercapita2021,byselectcountryPercapitawaterwithdrawalsincubicmeters02004006008001,0001,2001,4001,6001,8002,0002,200Colombia(2020)Peru(2020)AzerbaijanArmenia1,9881,6821,2571,063Greece947Turkey(2020)Estonia762747MexicoCostaRicaAustralia697668631Spain(2020)Japan(2019)Georgia6226225844Description:WaterwithdrawalspercapitainColombiaamountto1,988cubicmetersperinhabitant,accordingtothelatestavailabledatafrom2020.Thisisafarhighervolumethaninmanyothercountries,suchasChina,wherepercapitawaterwithdrawalswere395cubicmetersasof2020.ReadmoreNote(s):Worldwide;2021orlatestyearavailableSource(s):OECDCapitalexpendituresforwater,sewage,andothersystemutilitiesintheUnitedStatesfrom2012to2021,bytype(inmillionU.S.dollars)U.S.waterandsewagecapitalexpenditure2012-2021,bytypeStructureexpendituresEquipmentexpenditures5,0004,5004,0003,5003,0002,5002,0001,5001,0005004,3113,8113,2833,2332,9412,9072,6732,6042,4522,1011,7471,6941,5121,2661,2441,2171,126981989946020122013201420152016201720182019202020215/statistics/671438/water-sewage-and-other-system-utilities-capital-expenditure-in-the-us-by-typeCapitalexpenditureonwater,sewageandothersystemutilitiesintheUnitedStateswas6.1billionU.S.dollarsin2021.Ofthistotal,structureexpenditureamountedto4.3billionU.S.dollars,whileequipmentexpenditurestotaled1.7billionU.S.dollars.ReadmoreNote(s):UnitedStatesSource(s):USCensusBureauMarketvalueofselecteddiversifiedutilitiesworldwideasofMay2023(inbillionU.S.dollars)Marketvalueofselectdiversifiedutilitiesworldwide2023MarketvalueinbillionU.S.dollars40

6002080100120GeneralElectric(U.S.)AmericanWaterWorks(U.S.)Fortis(Canada)109.1628.8921.9321.9VeoliaEnvironnement(France)ChinaLongyuanPower(China)BeijingShougang(China)9.094.176Description:ThemarketvalueofAmericanWaterWorkswas28.9billionU.S.dollarsasofMay2023.VeoliaEnvironnement,amultinationalcompanywithheadquartersinParis,France,hadamarketvalueof21.9billionU.S.dollarsatthetime.

ReadmoreNote(s):Worldwide;May5,2023Source(s):Forbes;VarioussourcesAveragemonthlywaterbillsintheUnitedStatesasof2023,bystate(inU.S.dollars)MonthlywaterbillsintheUnitedStates2023,bystateWaterbillinU.S.dollars0102030405060708090100WestVirginiaCaliforniaOregonWashingtonNewJerseyConnecticutAlaska91777675726968ArizonaHawaii6464WyomingKentuckyDelawareMaryland534946467/statistics/1128351/water-bill-increases-united-statesIn2023,WestVirginiawasthemostexpensiveU.S.stateregardingwaterrates,withanaveragemonthlybillofalmost100U.S.dollars.Onthecontrary,thestatewiththelowestaveragewaterbillduringthesameperiodwasVermontandWisconsin.

ReadmoreNote(s):UnitedStates;2023Source(s):ForbesCHAPTER

02FinancialsOperatingrevenueofAmericanWaterfromFY2010toFY2023(inmillionU.S.dollars)AmericanWater'soperatingrevenue2010-20234,5004,0003,5004,2343,9303,7773,7923,6103,4403,3573,3023,1593,0112,8792,8543,0002,5002,0001,5001,0005002,6422,5350201020112012201320142015201620172018201920202021202220239Description:AmericanWaterreportedoperatingrevenueofover4.2billionU.S.dollarsfortheyearendedDecember31,2023.AmericanWater'soperatingrevenuehasseenanupwardtrendoverthepastdecade.

ReadmoreNote(s):UnitedStates;FY2010toFY2023Source(s):AmericanWaterOperatingincomeofAmericanWaterfromFY2010toFY2023(inmillionU.S.dollars)AmericanWater'soperatingincome2010-20231,6001,4001,2001,5041,2731,2531,2481,2141,1961,1021,0851,0751,0039481,00080060040020009248027292010201120122013201420152016201720182019202020212022202310Description:AmericanWater'soperatingincomefortheyearendedDecember31,2023stoodat1.5billionU.S.dollars.Thiswasanincreaseofroughly18percentincomparisontotheoperatingincomereportedoneyearprior.

ReadmoreNote(s):UnitedStates;FY2010toFY2023Source(s):AmericanWaterOperatingexpensesofAmericanWaterfromFY2015toFY2023(inmillionU.S.dollars)AmericanWater'soperatingexpenses2015-20233,0002,5002,7342,7302,5292,5192,3962,3382,2172,0842,1042,0001,5001,000500020152016201720182019202020212022202311Description:AmericanWater'stotaloperatingexpensesamountedto2.73billionU.S.dollarsinthefiscalyearendedDecember31,2023.Thiswasanincreaseofover200millionU.S.dollarsfromthepreviousyear.Muchofthisexpensewasinoperationsandmaintenance,whichcoversareassuchasproductioncosts,operatingsuppliesandservicesandemployee-relatedcosts.

ReadmoreNote(s):UnitedStates;FY2015toFY2023Source(s):AmericanWaterTotalassetsofAmericanWaterfromFY2010toFY2023(inmillionU.S.dollars)AmericanWater'stotalassets2010-202335,00030,00025,00020,00030,29827,78726,07524,76622,68221,22319,48218,48217,24116,03815,06414,77114,71314,08615,00010,0005,00002010201120122013201420152016201720182019202020212022202312Description:AmericanWaterheldtotalassetsworth30.3billionU.S.dollarsfortheyearendedDecember31,2023.Thiswasanincreaseofaboutninepercentfromthepreviousyear.

ReadmoreNote(s):UnitedStates;FY2010toFY2023Source(s):AmericanWaterProductioncostsofAmericanWaterinFY2023,bytype(inmillionU.S.dollars)AmericanWater'sproductioncosts2023,bytypeProductioncostsinmillionU.S.dollars200

250050100150300350400450500PurchasedwaterFuelandpowerChemicals161108105WastedisposalTotal6443813Description:AmericanWater'sproductioncoststotaled438millionU.S.dollarsinthefiscalyearendedDecember31,2023.Outofthisamount,161millionU.S.dollarscorrespondedtopurchasedwatercosts.AsofMay2023,AmericanWaterwasthesecond-largestdiversifiedutilitycompanyintheworldintermsofmarketvalue.ReadmoreNote(s):UnitedStates;FY2023Source(s):AmericanWaterCHAPTER

03SegmentsWaterserviceoperatingrevenueofAmericanWaterfromFY2012toFY2023(inmillionU.S.dollars)AmericanWater'srevenuefromwaterservices2012-20234,0003,5003,5503,2183,1423,0282,8843,0002,7652,7682,7102,5922,5312,4492,4652,5002,0001,5001,000500020122013201420152016201720182019202020212022202315Description:AmericanWater'soperatingrevenuefromwaterservicesamountedto3.55billionU.S.dollarsinthefiscalyearendedDecember31,2023.Thiswasanincreaseofover10percentfromthepreviousyear.AmericanWater'srevenuefromwaterserviceshasbeensteadilyrisingoverthepastdecade.ReadmoreNote(s):UnitedStates;FY2012toFY2023Source(s):AmericanWaterWaterserviceoperatingrevenueofAmericanWaterinFY2023,bysegment(inmillionU.S.dollars)AmericanWater'srevenuefromwaterservices2023,bysegmentOperatingrevenueinmillionU.S.dollars1,000

1,50005002,0002,500ResidentialCommercialIndustrial2,143798167158FireservicePublicandother28416Description:AmericanWater'sresidentialwaterservicessegmentgeneratedoperatingrevenueof2.1billionU.S.dollarsin2023.Thisaccountedforroughly60percentofAmericanWater'stotalwaterservicesoperatingrevenuethatyear.

ReadmoreNote(s):UnitedStates;FY2023Source(s):AmericanWaterWastewaterserviceoperatingrevenueofAmericanWaterfromFY2012toFY2023(inmillionU.S.dollars)AmericanWater'swastewaterservicesrevenue2012-202335030025020015032724220818516716114211297931005008378.1720122013201420152016201720182019202020212022202317Description:AmericanWater'srevenuefromwastewaterservicesamountedto327millionU.S.dollarsin2023.Thiswasanincreaseofroughly35percentfromthepreviousyear.Therevenuegeneratedfromthissegmenthasbeenincreasingannuallyoverthepastdecade.AmericanWater'srevenuefromwaterservicesisconsiderablymorethanitswastewatersegment,totaling3.6billionU.S.dollarsin2023.

ReadmoreNote(s):UnitedStates;FY2012toFY2023Source(s):AmericanWaterCapitalexpenditureofAmericanWaterfromFY2021toFY2023,bysector(inmillionU.S.dollars)AmericanWater'scapitalexpenditure2021-2023,bysector2021202265220231,0009229019008007006005004003002001000749546380366333322258251197190185137958864TransmissionanddistributionTreatmentandpumping

Services,meterandfire

Generalstructureandhydrants

equipmentSourcesofsupplyWastewater18Description:AmericanWater'scapitalexpendituretotaled2.6billionU.S.dollarsinthefiscalyearendedDecember31,2023.Outofthisfigure,922millionU.S.dollarswenttowardstransmissionanddistribution.Thatsameyear,AmericanWaterspent322millionU.S.dollarsontreatmentandpumping,whichrepresentedasignificantincreasecomparedtothepreviousyear.AmericanWaterisapubliclytradedwaterandwastewaterutilitycompanythatoperatesin14states.

ReadmoreNote(s):UnitedStates;FY2021toFY2023Source(s):AmericanWaterNumberofwaterandwastewatercustomersofAmericanWaterfromFY2017toFY2023(in1,000s)AmericanWater'snumberofwaterandwastewatercustomers2017-2023WaterWastewater2524,0003,5002612292882982001933,0002,5002,0001,5001,0005003,2693,1603,1823,2053,2443,1613,1880201720182019202020212022202319Description:AmericanWaterhad3.2millionwatercustomersasofDecember31,2023.Thiswasconsiderablymorethanthenumberofwastewatercustomers,whichstoodat298,000.Intotal,AmericanWaterhadnearly3.5millioncustomers,themajorityofwhichcamefromitsresidentialsegment.ReadmoreNote(s):UnitedStates;FY2017toFY2023Source(s):AmericanWaterNumberofcustomersofAmericanWaterinFY2023,bystate(in1,000s)AmericanWater'snumberofcustomers2023,bystateNumberofcustomersinthousands01002003004005006007008007819001,000PennsylvaniaNewJerseyMissouriIllinois732507371CaliforniaOther*19390220Description:AmericanWaterserved781,000customersinPennsylvaniainthefiscalyearendedDecember31,2023.ThemajorityofAmericanWater'scustomerscomefromthewaterservicessegment.

ReadmoreNote(s):UnitedStates;FY2023;*IncludestheCompany’sutilityoperationsinthefollowingstates:Georgia,Hawaii,Indiana,Iowa,Kentucky,Maryland,Tennessee,VirginiaandWestVirginiaandotherrevenueattributablecollectivelytothe[...]ReadmoreSource(s):AmericanWaterCHAPTER

04ConsumptionDistributionofthewatersupplysourcesofAmericanWaterinFY2023AmericanWater'ssourcesofwatersupply2023Purchasedwater7%Groundwater22%Surfacewater71%22Description:In2023,morethan70percentofthewatersuppliedtoAmericanWater'scustomerswassourcedfromsurfacewater.Surfacewateriscollectedfrombodiesofwaterfoundonthesurfaceoftheearth,suchasriversandlakes.AmericanWater'smainsourceofwatersupplyvariesgreatlybystate.Forexample,around91percentofthewatersuppliedtoPennsylvaniacamefromsurfacewater,whereasinCaliforniathemainsourceofwatersupplywasgroundwater.

ReadmoreNote(s):UnitedStates;FY2023Source(s):AmericanWaterDistributionofthewatersupplyofAmericanWaterinFY2023,bysourceandstateAmericanWater'sbreakdownofwatersupply2023,bymajorstateSurfacewaterGroundwaterPurchasedwater120%100%80%60%40%20%0%NewJerseyPennsylvaniaMissouriIllinoisCalifornia23Description:In2023,around91percentofthewatersuppliedtoAmericanWater'scustomersinPennsylvaniawassourcedfromsurfacewater.Surfacewateriscollectedfrombodiesofwaterfoundonthesurfaceoftheearth,suchasriversandlakes.Incomparison,Californiawasheavilymorereliantongroundwaterandpurchasedwater.GroundwaterisextractedfrombelowtheEarth'ssurfacebetweenrocksandsoil.Californiaisreliantonthistypeofwatersourceduetothedrynessofthe[...]

ReadmoreNote(s):UnitedStates;FY2023Source(s):AmericanWaterBilledwatersalesofAmericanWaterfromFY2012toFY2023(inbilliongallons)AmericanWater'sbilledwatersalesvolume2012-2023400366.78349.48351.08347.74346.23347.31344.48338.82336.48338.5335030025020015010050328.96329.97020122013201420152016201720182019202020212022202324Description:AmericanWater'sbilledwatersalesamountedtonearly330billiongallonsinthefiscalyearendedDecember31,2023.Watersaleshavebeenindeclineoverthepastdecade,droppingfromapproximately367billiongallonsin2012.ThemajorityofAmericanWater'srevenuefromwaterservicescomefromitsresidentialcustomers.ReadmoreNote(s):UnitedStates;FY2012toFY2023Source(s):AmericanWaterBilledwatersalesofAmericanWaterinFY2022,bycustomerclass(inbilliongallons)AmericanWater'sbilledwatersalesvolume2022,bycustomerclassSalesvolumeinbilliongallons100

150050200250300350ResidentialCommercial162.1177.63Fireservice,publicandotherIndustrial51.9737.27Totalbilledwaterservices328.9625Description:AmericanWater'sbilledwatersalesamountedtonearly329billiongallonsinthefiscalyearendedDecember31,2022.WatersaleswerehighestfromAmericanWater'sresidentialsegment,ataround162billiongallons.Thiswasfollowedbythecompany'scommercialsegment.ReadmoreNote(s):UnitedStates;FY2022Source(s):AmericanWaterCHAPTER

05CompetitorsLeadingwaterandsewerutilitiescompaniesbasedonsalesrevenueintheUnitedStatesin2022(inmillionU.S.dollars)LeadingwaterandsewerutilitiesbyrevenueintheU.S.2022SalesrevenueinmillionU.S.dollars05001,0001,5002,0002,5003,0003,5004,000AmericanWaterWorksCompany,Inc.NewYorkCityMunicipalWaterFinanceAuthority*EssentialUtilities,Inc.3,7923,6552,2882,114VeoliaWaterNorthAmericaOperatingServices,LLC*LosAngelesDepartmentofWaterandPower*UnitedWaterResourcesInc.*1,061985924MetropolitanWaterReclamationDistrictofGreaterChicagoNewJersey-AmericanWaterCompany,Inc.KnoxvilleUtilitiesBoard909906ImperialIrrigationDistrict859CaliforniaWaterServiceGroup846838832818WashingtonSuburbanSanitaryCommission(inc)DistrictofColumbiaWater&SewerAuthorityPennsylvania-AmericanWaterCompany27Description:AmericanWaterWorkscompanygeneratedrevenueof3.8billionU.S.dollarsin2022.AmericanWateristhelargestpubliclytradedwaterandwastewaterutilityintheUnitedStates.ReadmoreNote(s):UnitedStates;2022;*EstimateSourcedidnotprovideareleasedate.FigureshavebeenroundedReadmoreSource(s):Dun&BradstreetEssentialUtilities,Inc'soperatingrevenuefromFY2015toFY2022(inmillionU.S.dollars)EssentialUtilitiesoperatingrevenue2015-20222,5002,0001,5001,0002,2881,878.11,462.7889.72019838.12018814.22015819.92016809.52017500020202021202228/statistics/1131506/operating-revenue-of-essential-utilitiesEssentialUtilitiesInc'soperatingrevenueinc