Nwpx Infrastructure, Inc. · NASDAQ:NWPX
Nwpx Infrastructure — Northwest Pipe — Shareholder Meeting (June 2015)
15 slides from Nwpx Infrastructure's shareholder meeting presentation, Jun 4, 2015
Slide 1: 2015 Annual Shareholder Meeting
2015 Annual Shareholder Meeting June 4, 2015 Exhibit 99.1
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this presentation, other than purely historical information, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
Slide 3: Who Are We?
Who Are We? • Diversified manufacturer of welded steel pipe for the water infrastructure and energy markets – Specializing in large diameter, high pressure, engineered steel water pipe systems for transporting raw water to treatment plants and for treatment plant infrastructure – Also have a plant i
Slide 4: Northwest Pipe Company Locations
Northwest Pipe Company Locations
Slide 5: Northwest Pipe Strategic Vision
Northwest Pipe Strategic Vision Northwest Pipe Company serves the water and energy infrastructure markets. We seek to leverage our customer relationships and distribution channels along with our expertise in manufacturing and engineering to provide an expanded portfolio of products to the water and
Slide 6: Income Statement Summary
Income Statement Summary ($ in millions) FY 2013* FY 2014* Q1 2015 Net Sales Water Transmission 226.4 238.5 $ 56.3 Tubular Products 133.0 164.8 28.6 Net Sales 359.4 403.3 84.9 Gross Profit Water Transmission 47.0 39.6 7.5 Tubular Products 13.2 1.0 (3.6) Gross Profit 60.2 40.6 3.9 SG&A 22.7 24.3 7.0
Slide 7: Free Cash Flow
Free Cash Flow ($ in millions) FY 2013 FY 2014 Q1 2015 Cash flow from operating activities 20,088.8 35,043.9 24,573.2 Less capital expenditures (28,446.6) (14,289.4) (3,689.2) Free Cash Flow (8,357.8) 20,754.5 20,884.0 Free Cash Flow per Share (0.88) 2.18 2.19 The Company believes Free Cash Flow is
Slide 8: Balance Sheet Summary
Balance Sheet Summary ($ in millions) 12/31/2014 03/31/2015 Cash Trade and Receivables, net 58.3 32.1 Costs and Estimated Earnings in Excess of Billings 45.8 52.6 Inventories 72.8 61.3 Other Current Assets 17.8 17.2 Total Current Assets 195.2 163.3 Property and Equipment, Net 132.6 132.8 Goodwill 5.
Slide 9: Water Transmission Strengths
Water Transmission Strengths • Well Positioned Industry Leader – Largest, most flexible capacity in the market – Increased product offering with the acquisition of Permalok – Low freight costs – Strong relationships with agencies, engineers and contractors – Improving operational efficiency
Slide 10: Water Transmission Upcoming Bidding Activity
Water Transmission Upcoming Bidding Activity – Texas • two segments of the Tarrant Regional Water District / City of Dallas Integrated Pipeline Project • Trinity River Main Stem Raw Water Pipeline • Luce Bayou Interbasin Transfer Project – California • Cadiz Valley Water Conservation, Recovery and S
Slide 11: Tubular Products
Tubular Products – Implemented production curtailment in mid-April • currently selling and shipping finished products and performing limited manufacturing, if needed to fulfill customer orders • as the market improves, will resume normal operations – Line pipe trade case against Korea and Turkey • p
Slide 12: Northwest Pipe Current Points of Focus
Northwest Pipe Current Points of Focus • Focus on cost reduction in Water Transmission • Focus on monitoring market conditions at our Atchison facility • What’s next?
Slide 13: Vision for the Future
Vision for the Future • Considering a wide range of strategic opportunities • Growing through M&A activity • Capitalizing on our strengths to fuel our future growth People – experienced team in place Process – focus on lean manufacturing Equipment – optimize recent capital investments
Slide 14: US Water & Waste Water Market
US Water & Waste Water Market Source: American Water Intelligence “Water Market USA 2011” and management estimates Total Market: $34.9 B Equipment : $19 B Pipe: $6.9 B Steel Pipe: 10% of new water pipes
Slide 15: 2015 Annual Shareholder Meeting
2015 Annual Shareholder Meeting June 4, 2015