Agenda

PENNICHUCK CORPORATION AND SUBSIDIARIES

Consolidated Statements of Comprehensive Income {Loss)
For the Years Ended December 31, 2021 and 2020
(in thousands)

2021 2020

Net Loss $ (3,699) $ (1,984)
Other Comprehensive Income {Loss):

Unrealized gain (loss) on derivatives 72 (149)

Reclassification of net income (loss) realized in net loss {68) 42

Income tax provision relating to

other comprehensive income {loss) 98 43

Other Comprehensive Income (Loss) 102 (64)
Comprehensive Loss $ (3,597) $ (2,048)

PENNICHUCK CORPORATION AND SUBSIDIARIES

Consolidated Statements of Income (Loss)
For the Years Ended December 31, 2021 and 2020
(in thousands)

PENNICHUCK CORPORATION AND SUBSIDIARIES

Consolidated Balance Sheets - Continued
As of December 31, 2021 and 2020
{in thousands, except share data)

PENNICHUCK CORPORATION AND SUBSIDIARIES

Consolidated Balance Sheets
As of December 31, 2021 and 2020
(in thousands, except share data)

2021 2020
ASSETS

Property, Plant and Equipment, net S$ 245,197 S 242,469

@ MELANSON

We are required to communicate with those charged with governance regarding, among other
matters, the planned scope and timing of the audit, significant audit findings, and certain internal
contral-related matters that we identified during the audit.

MoDanser

Merrimack, New Hampshire
March 23, 2022

800.282.2440 | melansoncpas.com

& MELANSON

In preparing the consolidated financial statements, management is required to evaluate whether
there are conditions or events, considered in the aggregate, that raise substantial doubt about
Pennichuck Corporation and Subsidiaries’ ability to continue as a going concern for one year after
the date that the consolidated financial statements are available to be issued.

Auditors’ Responsibilities for the Audit of the Financial Statements

@ MELANSON

INDEPENDENT AUDITORS’ REPORT

Board of Directors and Stockholder
Pennichuck Corporation and Subsidiaries

Opinion

CONTENTS

Independent Auditors’ Report

Consolidated Balance Sheets

Consolidated Statements of Income (Loss)

Consolidated Statements of Comprehensive Income (Loss)

Consolidated Statement of Changes in Stockholder’s Equity (Deficit) Current Year

Consolidated Statement of Changes in Stockholder’s Equity Prior Year

Consolidated Statements of Cash Flows

Notes to the Consolidated Financial Statements

at]

12

V2 PENNICHUCK:

PENNICHUCK CORPORATION AND SUBSIDIARIES

Consolidated Financial Statements
December 31, 2021 and 2020

(With Independent Auditors’ Report Thereon)

PENNICHUCK:?

VIA HAND DELIVERY

March 30, 2022

Ms. Lori Wilshire, President
Board of Aldermen

City of Nashua

229 Main Street

Nashua, NH 03060

Dear President Wilshire:

25 WALNUT STREET
PO BOX 428
NASHUA, NH 03061-0428

(603) 882-5191
FAX (603) 913-2305

WWW. PENNICHUCK.COM

Enclosed, for your information, is a copy of Pennichuck’s Audited Consolidated Financial

Statements for the years ended December 31, 2021 and December 31, 2020.

Please contact me if you have any questions.