Nwpx Infrastructure, Inc. · NASDAQ:NWPX
Nwpx Infrastructure — Northwest Pipe — Shareholder Meeting (June 2017)
14 slides from Nwpx Infrastructure's shareholder meeting presentation, Jun 1, 2017
Slide 1: 2017 Annual Shareholder Meeting
2017 Annual Shareholder Meeting June 1, 2017
Slide 2: Forward Looking Statements
Northwest Pipe Company 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 1995 and Section 21E of the Securities Exchange Act of 1934, as
Slide 3: Favorable Market Dynamics
Northwest Pipe Company Favorable Market Dynamics Significant portion of municipal water (costes) 028 systems are nearing end of useful life 137 m 2% 186 man + Decades ofunderinvestmentrequire er immediate attention ry + 45% of U.S. Water Infrastructure to be rated “Poor’to “Very Poor’ Life Elapsed”
Slide 4: Water Transmission Upcoming Bidding Activity
Northwest Pipe Company Water Transmission Upcoming Bidding Activity — Texas * Multiple projects in Houston + Lower Bois d'Arc Creek Reservoir — California * Cadiz Valley Water Conservation, Recovery and Storage Project + Southern California (Metropolitan Water District) pipeline relining programs *
Slide 5: Largest Manufacturer of Engineered Steel Pipe for Water Infrastructure Market
Northwest Pipe Company Largest Manufacturer of Engineered Steel Pipe for Water Infrastructure Market + Seven manufacturing facilities strategically located throughout the United States and Mexico + Nationwide footprint with largest market share in peer group + Industry leader that is best positioned
Slide 6: Strategic Footprint with Customer Access Throughout the U.S.
Northwest Pipe Company Strategic Footprint with Customer Access Throughout the U.S. Well positioned to serve customers / states that are mostin need of water infrastructure investment ar Water Infrastructure Investment Need by State ($Bions) © NWPX facilities Partially surveyed States $1.0-$29 mis3.
Slide 7: Widest Range of Capabilities for Steel Pressure Pipe Market
Northwest Pipe Company Widest Range of Capabilities for Steel Pressure Pipe Market Product Category Pictures ‘Commentary + 124inch through 156-inch outside diameter ! Spiral Weld Steel + Wall thickness of 0.105-inch through 1.00-inch + Custom plate roling and welding up to 4-inch thickness + Unique
Slide 8: Permalok® Products
Northwest Pipe Company Permalok® Products 24” Permalok® Casing Pipe 24” Welded Steel Casing Pipe In 2013, acquired Permalok, the manufacturer 24° Permalok® connection is made in 6 ‘The best field welders take 90 minutes to fit and of the proprietary minutes of less, alloving a crew to install but we
Slide 9: Water Transmission Strengths
Northwest Pipe Company Water Transmission Strengths * Well Positioned Industry Leader — Largest, most flexible capacity in the market — Increased product offering with the acquisition of Permalok — Low freight costs — Strong relationships with agencies, engineers and contractors — Improving operatio
Slide 10: Points of Focus
Northwest Pipe Company Points of Focus * Refine market share to maximize long-term profitability * Monetize stranded assets in order to add to financial flexibility * Focus on continued cost reduction
Slide 11: Appendix
Northwest Pipe Company Appendix
Slide 12: Net sales
Northwest Pipe Company Net sales Water Transmission S$ 1732 $ 94 $ 207 Tubular Products ead 63 0.0 Net sales 236.6 1563 207 Gross proft (loss) Water Transmission 06 (0.3) 12 Tubular Products (132) 29) (04) Gross profit (loss) (126) 2) 08 sca 23 172 38 Gain on sale of facility : 73) c Restructuring e
Slide 13: Cash and cash equivalents
Northwest Pipe Company Cash and cash equivalents ‘Trade and other receivables, net Costs and estimated eamings in excess of bilings Inventories Other current assets Total current assets Property and equipment, net Other assets Total assets Current portion of capital lease obligations ‘Accounts payab
Slide 14: 2017 Annual Shareholder Meeting
2017 Annual Shareholder Meeting June 1, 2017