17 slides from Nwpx Infrastructure's shareholder meeting presentation, Jun 16, 2022
Slide 1: Northwest Pipe Company
Northwest Pipe Company June 16, 2022 WWW.NWPIPE.COM
Slide 2: Meeting Agenda
MEETING AGENDA Chairman’s Remarks: Richard Roman + Preliminary procedural matters + Vote count: shareholders use “Vote Here!” button + Matters for shareholder consideration: + Election of one director + Advisory vote on executive compensation + Ratification of appointment of Moss Adams LLP + Approva
Slide 3: Our Board of Directors
OUR BOARD OF DIRECTORS Continuing Directors Amanda Kulesa Independent; serving since 2020 Senior partner of NeoPsy Systems Keith Larson Independent; serving since 2007 Retired VP cf Intl Corporation and Sr, Managing Director of Intel Capital Scott Montross Serving since 2013 President and CEO of the
Slide 4: Executive Compensation
EXECUTIVE COMPENSATION ~ PE : 5) (Fs ~~ (ss |( SE] Income ceainty - 2 eo= wovemn(m |m |= (Se )(- Je) Yor Fo" 2021, aduste Income before income ace xctded he saree recoveries, acquired Farsacfons costed 0 he PawUSA Scquston, and tho resus of (USK rom to da of cgacton 2 ‘naa ech Coogan ero PAs ard SU
Slide 5: Matters for Shareholder Consideration
MATTERS FOR SHAREHOLDER CONSIDERATION Voting Proposals as set forth in the Proxy — Elect one director, to serve for a three-year term 4s 2. Hold an advisory vote on executive compensation 3 Ratify the appointment of Moss Adams LLP as the Company's independent registered public accounting firm for th
Slide 6: Business Update
Company Northwest Pipe BUSINESS UPDATE WWW.NWPIPE.COM
Slide 7: Forward Looking Statements
FORWARD LOOKING STATEMENTS . Statements inthis presentation ace “forward-looking sttements* within the meaning of the Private Securities tigation Reform Act of 1995 and Section 21E fof the Securities Exchange Act of 1934, as amended, that are based on current expectations, estimates, and projections
Slide 8: About Northwest Pipe Company
ABOUT NORTHWEST PIPE COMPANY Leading manufacturer of water-related infrastructure products Including engineered steel pi plpe and pi and. pi + Founded in 1966 and headquartered in Vancouver, WA + Strategically positioned to meet North America’s growing needs for water and wastewater infrastructure +
Slide 9: Growth Strategy
GROWTH STRATEGY Nor Pipe’s goal Is to tr | growth and profitability In order to drive shareholder value. The strategy is two-pronged: 1, Growth in precast-related market through expansion or acquisitions. 2. Maximize steel pressure pipe water transmission business by making significant progress thro
Slide 10: Recent Strategic Acquisitions
RECENT STRATEGIC ACQUISITIONS ‘Completed the acquisition of Geneva Pipe and Precast on January 31, 2020 for $49.4 milion Concrete pipe and precast concrete products, plants located in Utah Products used for waste and storm water applications by cites, municipalities and local goverrments Development
Slide 11: Strategic Footprint with Customer Access Across the U.S.
STRATEGIC FOOTPRINT WITH CUSTOMER ACCESS ACROSS THE U.S. 20-year water Infrastructure investment need by state Northwest Pipe Is well positioned to serve Its customers and states that are most in need of water Infrastructure Investment. Water CAPE, USS! <staion 55 Billon <$10 Bln 10 Bilon [ENGINEERE
Slide 12: Product Spread Strategy
PRODUCT SPREAD STRATEGY Begin where we already have production facilities; control production, low cost of entry Initial focus on wastewater products, stormwater, and water distribution Plans to emphasize cross-training across facilities Expansion would require retrofit of existing facilities
Slide 13: Strong Backlog Drives Solid Performance
STRONG BACKLOG DRIVES . SOLID PERFORMANCE SPP Backlog* Revenue (8 Millions) (S Millions) — — a, wn sa i $252 $258 wn sexe 29 ee eo = eae ii i 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 "SPP Revenue Precast Revenue ereeteg. he oar on aru 1, 2020 8 opposed 3. Proforma net sales forthe
Slide 14: Q1 2022 Highlights
Q1 2022 HIGHLIGHTS . Record backlog of $341 million including confirmed orders’ for the Engineered Steel Pressure Pipe segment Record order book of $66 million for the Precast Infrastructure and Engineered Systems segment SPP Backlog* Net Sales bySegment? —_—_Gross Profit by Segment ($ Millions) — M
Slide 15: Social and Environmental Responsibility
SOCIAL AND ENVIRONMENTAL RESPONSIBILITY We are highly focused on Investing In our workforce, health and safety programs, social initiatives, and imp ments to our imental. ip. Health & Safety Diversity & Inclusion Environmental Stewardship — — — + Industryleading safety portormance over the + Focused
Slide 16: Strategic and Operational Initiatives
ne STRATEGIC AND OPERATIONA( INITIATIVES ‘every precaution to Keep our employees safe through the ongoing pandemic arkUSA acquisition as nd as efficiently as possible ‘ougt focus on m: lume of the Company ‘expansion or acquisitions following the successful and efficiencies a 1s 10 grow the Company t
Slide 17: Q&A