Nwpx Infrastructure, Inc. · NASDAQ:NWPX
Nwpx Infrastructure — Northwest Pipe — Shareholder Meeting (June 2020)
19 slides from Nwpx Infrastructure's shareholder meeting presentation, Jun 4, 2020
Slide 1: 2020 Annual Shareholder Meeting
2020 Annual Shareholder Meeting June 4, 2020 Northwest PipeCompany
Slide 2: Meeting Agenda
Meeting Agenda Chairman’s Remarks: Richard Roman + Preliminary procedural matters ‘+ Matters for shareholder consideration: + Election of directors + Advisory vote on executive compensation + Ratification of appointment of Moss Adams LLP + Vote count: shareholders use "Vote Here!” button + Adjournme
Slide 3: Our Board of Directors
Our Board of Directors CONTINUING DIRECTORS NOMINEES FOR ELECTION Richard Roman Scott Montross Retired President and CEO of Northwest Pipe previously President and CEO of the Company; previously EVP of President of Columbia Ventures Cerporalion ‘America Keith Larson Serving since 2007 John Paschal S
Slide 4: Matters for Shareholder Consideration
Matters for Shareholder Consideration Voting Proposals as set forth in the Proxy Elect three (3) directors Hold an advisory vote on executive compensation Log * Ratify the appointment of Moss Adams LLP as the Company's independent public accounting firm for 2020 Summary of Voting Results Northwest P
Slide 5: Business Update
ge Zan = ~ Busintess Update
Slide 6: Forward-Looking Statements
Forward-Looking Statements ‘Statoments Io this presentation are “forward-looking statements® within the meaning of the Private Secures Ligation Reform Act of 1995 and Section 21E of the Securites Exchange Act of 1984, as amended, that are based on current expectations, estimates, and projections abo
Slide 7: COVID-19 Response
COVID-19 Response Our #1 priority is the health and safety of all of our employees. ACTIONS TAKEN OPERATIONS IMPACT + Provide Increased facility sanitation measures Promote “social distancing” + Stagger employee schedules Facilitate employees ability to work from home Guide employees on preemptive m
Slide 8: About Northwest Pipe Company
About Northwest Pipe Company 10 strategically located manufacturing facilities + Nine spread across the United States And another in San Luis Rio Colorado, Mexico Markets supplied: Steel pressure pipe Concrete pipe and precast Microtunneling Northwest PipeCompany
Slide 9: Largest supplier of engineered steel pressure pipe for Water Infrastructure Market
Largest supplier of engineered steel pressure pipe for Water Infrastructure Market Nationwide footprint with largest market share in peer group Serve a wide range of markets including water transmission, plant piping, tunnels, and river crossings Supplier of choice for long-distance, raw-water trans
Slide 10: Growth Strategy
Growth Strategy Northwest Pipe’s growth strategy is to expand into a broader water market to capitalize on the unique attributes of its market position, ilitie i ionwide sales, and distribution footprint. Northwest Pipe’s goal is to create transformational growth and profitability in order to drive
Slide 11: Geneva Pipe and Precast Business
Geneva Pipe and Precast Business Pipe of Geneva Pipe and Precast on Canary oy 2020 for $49.4 million. INNOVATIVE PRODUCTS STRATEGIC OVERLAP STRONG PERFORMANCE Developed for stormwater + Significantly expands + Strong financial and sanitary sewer addressable market performance with applications for c
Slide 12: Durable Business Model and Strategy
Durable Business Model and Strategy While the duration and future impact of the COVID-19 pandemic remains unclear, Northwest Pipe believes its business is very well itic to wit the i ii Operations have been deemed essential to provide critical water transmission systems in the U.S. Robust backlog of
Slide 13: Strategic Footprint with Customer Access Throughout the U.S.
Strategic Footprint with Customer Access Throughout the U.S. 20-YEAR WATER INFRASTRUCTURE INVESTMENT NEED BY STATE (8 Bilions) Northwest Pipe is well positioned to serve its customers and states that are most in need of water infrastructure investment. Source: Bluefield Research
Slide 14: Northwest Pipe Company Strengths
Northwest Pipe Company Strengths + Largest, most flexible capacity in the market Skilled project management group Permalok® provides superior product to the microtunnel market Added core competency in precast concrete provides new opportunities for potential future expansion and/or acquisitions Low
Slide 15: 2019 Recap
L:) 2019 Recap + Water infrastructure revenue and gross profit dollars reached their highest annual levels since 2008 + Achieved new year-end record for backlog, including confirmed orders of ~$258 million NET SALES (svsticos GROSS PROFIT jw) wot yoo sz703 at) e722 ’ 2018 2019 2018
Slide 16: Q1 2020 Highlights
Q1 2020 Highlights + US Plants deemed essential and continue to operate amid coronavirus pandemic + Strong backlog of $224 million including confirmed orders + Enhanced liquidity position to $70 million, comprised of cash and available borrowings under the amended and extended credit agreement NET S
Slide 17: Points of Focus
Points of Focus RON sa The successful integration of Geneva Pipe and Precast Improving performance by focusing on margin over volume .. Driving cost reductions and efficiencies at all levels of the Company Growing precast concrete water infrastructure market through expansion or acquisitions
Slide 18: Q&A
Slide 19: Thank You