Nwpx Infrastructure, Inc. · NASDAQ:NWPX
Nwpx Infrastructure — Northwest Pipe — Shareholder Meeting (June 2019)
15 slides from Nwpx Infrastructure's shareholder meeting presentation, Jun 20, 2019
Slide 1: 2019 Annual Shareholder Meeting
2019 Annual Shareholder Meeting June 20, 2019 2] Northwest Pipe Company
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 1995 and Section 21E of the Securities Exchange Act of 1934, as amended that are based
Slide 3: Northwest Pipe is the Largest Manufacturer of Engineered Steel Pipe
Northwest Pipe is the Largest Manufacturer of Engineered Steel Pipe for Water Infrastructure Market in North America Eight strategically located manufacturing facilities Nationwide footprint with largest marketshare in peer group Industry leader best positioned for further growth and consolidation:
Slide 4: 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 (Billions) © NWex taclties (Partially surveyed States Mist0-s29 IMis30-s10.0 I More than- $10.0 We are well positioned to serve customers and states that are most in need of water infra
Slide 5: Widest Range of Capabilities for Steel Pressure Pipe Market
Widest Range of Capabilities for Steel Pressure Pipe Market Pictures Commentary Pipe Tubing ‘ther + 12inch through 156.inch outside diameter Bar. Wrapped + Diameters of 12 to 72 inches Concrete Cylinder + Design pressure up to 400 psi and length of up to40 feet Reinforced +076, AWWAC300, 6202 Concre
Slide 6: Water Transmission Strengths
Water Transmission Strengths NED INDUSTRY LE, + Largest, most flexible capacity in the market + Skilled project management group + An exceptional customer service track record + Ameron acquisition creates a stronger company + Permalok® provides superior product to the microtunnel market + Low freigh
Slide 7: Strategy
STRATEGY Northwest Pipe’s strategy is to expand into a broader water market in which we can capitalize on the unique attributes of our market position, capabilities, reputation, and our nationwide sales and distribution footprint. Our goal is to create transformational growth and profitability in or
Slide 8: Acquired Ameron Water Transmission Group
Acquired Ameron Water Transmission Group + Transaction closed on July 27, 2018 for $38.3 million in cash on hand + Consolidation of two companies with long water transmission business history. + Pipe facilities in Tracy, CA, and San Luis Rio Colorado, Mexico; pipe lining facility in Brea, CA; and he
Slide 9: Favorable Market Dynamics
Favorable Market Dynamics + Americans use 42 billion gallons of drinking water per day + Pipe was installed early- to mid-20th century + Pipe life span is 75-100 years + 6 billion gallons of treated drinking water is lost every day from leaks - that's 14-18% of treated water lost! + Each day's loss
Slide 10: Water Transmission Upcoming Bid Activity
Water Transmission Upcoming Bid Activity Texas + SWIFT program - $2.2 billion + Multiple projects in Houston - 90,000 tons + Bois d'Arc Reservoir - 22,000 tons Nestern U.S. + Southern California PCCP rehabilitation program ~10,000 tons annually over next 2-3 years Water reuse programs - 8,000 tons N
Slide 11: Points of Focus
Points of Focus 1. The successful integration of the Ameron Water Transmission Group 2. Improving performance by focusing on margin over volume 3. Driving cost reductions and efficiencies at all levels of the Company 4. Finding strategic growth opportunities for our water infrastructure business
Slide 12: Appendix
Slide 13: Income Statement Summary
INCOME STATEMENT SUMMARY Net sales Cost of sales ‘Geoss pratt ‘Seling, general and administrative Gain onsale of faclity Restructuring expense ‘Operating income (oss) Bargain purchase gain ‘her income Interest income Interest expense ‘income (Joss) fiom continuing operations belore income taxes Inco
Slide 14: Balance Sheet Summary
BALANCE SHEET SUMMARY Cash and cash equivalents ‘Trade and other receivables, net Contract assets Inventories Other curent assets Total current assets Property and equipment, net Other assets Total assets Accounts payable Accnied labilties Contract labilties Total current liabilities Borrowings on l
Slide 15: Thank you