Nwpx Infrastructure, Inc. · NASDAQ:NWPX
Nwpx Infrastructure — Northwest Pipe — Shareholder Meeting (May 2014)
14 slides from Nwpx Infrastructure's shareholder meeting presentation, May 29, 2014
Slide 1: 2014 Annual Shareholder Meeting
2014 Annual Shareholder Meeting May 29, 2014 Exhibit 99.1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation includes certain estimates and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements with respect to anticipated operating and financial performance, growth opportunitie
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 focused on API
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: Overview of current events
Overview of current events • Acquired Permalok Corporation – fabricator of steel piping utilizing an interlocking pipe joining system • Disposed of substantially all of our oil country tubular goods business – Bossier City and Houston locations
Slide 7: Income Statement Summary
Income Statement Summary ($ in millions) FY 2013 FY 2013* Q1 2014* 226.4 Net Sales Water Transmission $ $ 226.4 $ 43.0 Tubular Products 249.2 133.0 39.6 Net Sales 475.6 359.4 82.6 Gross Profit Water Transmission 47.0 47.0 1.7 Tubular Products 5.5 12.8 2.6 Gross Profit 52.5 59.8 4.3 SG&A 24.2 22.0 5.
Slide 8: Balance Sheet Summary
Balance Sheet Summary ($ in millions) 12/31/2013 03/31/2014 Cash $ $ Trade and Receivables, net 72.5 57.5 Costs and Estimated Earnings in Excess of Billings 50.5 44.3 Inventories 110.4 63.0 Other Current Assets 9.6 17.8 Total Current Assets 243.6 182.6 Property and Equipment, Net 143.1 133.3 Goodwil
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: Tubular Products Strengths
Tubular Products Strengths • Increasing sales in Line Pipe Market – Expanded product capabilities – Increased market potential • Improving operational efficiency – Uptime, a key management indicator, has improved
Slide 11: Northwest Pipe Current Points of Focus
Northwest Pipe Current Points of Focus • Focus on cost reduction in Water Transmission • Focus on reduced conversion costs at our Atchison facility • Goal of doubling EBITDA from 2012 to 2016 Assumes normalized water and line pipe markets Assumes small- to medium-sized acquisition driven growth • Wh
Slide 12: Vision for the Future
Vision for the Future • Grow through acquisition and diversification • Capitalize on our strengths to fuel our future growth People – experienced team in place Process – focus on lean manufacturing Equipment – optimize recent capital investments
Slide 13: US Water & Waste Water Market
US Water & Waste Water Market Total Market: $34.9 B Equipment: $19 B Pipe: $6.9 B Steel Pipe: 10% of new water pipes Source: American Water Intelligence “Water Market USA 2011” and management estimates
Slide 14: 2014 Annual Shareholder Meeting
2014 Annual Shareholder Meeting May 29, 2014