Nwpx Infrastructure, Inc. · NASDAQ:NWPX
Nwpx Infrastructure — Northwest Pipe — Shareholder Meeting (June 2018)
15 slides from Nwpx Infrastructure's shareholder meeting presentation, Jun 6, 2018
Slide 1: 2018 Annual Shareholder Meeting
2018 Annual Shareholder Meeting June 6, 2018
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: Strategy
Northwest Pipe Company 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 a
Slide 4: Favorable Market Dynamics
Northwest Pipe Company Favorable Market Dynamics (sions) + Americans use 42 billion gallons of drinking water each day 29 107 Most pipe that delivers drinking water was installed during the early to mid 20" century Pipe life span of 75-100 years Leaking pipes lose 6 billion gallons of I | = treated
Slide 5: Water Transmission Upcoming Bidding Activity
Northwest Pipe Company Water Transmission Upcoming Bidding Acti — Texas + SWIFT program, $2.2 billion + Multiple projects in Houston — 90,000 tons + Lower Bois d'Arc Creek Reservoir — 60,000 tons — California + Southern California (Metropolitan Water District) pipeline relining programs — 20 years,
Slide 6: Largest Manufacturer of Engineered Steel Pipe for Water Infrastructure Market
Northwest Pipe Company Northwest Pipe is the Largest Manufacturer of Engineered Steel Pipe for Water Infrastructure Market in North America + Five manufacturing facilities strategically located throughout the United States * Nationwide footprint with largest market share in peer group + Industry lea
Slide 7: 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 and states that are mostin need of water infrastructure investment 20-Year Water infrastructure Investment Need by State (seins) Vimar, Partially surveyed States $1.0-$29 Mis30- $10
Slide 8: Product Category Commentary
Northwest Pipe Company Product Category ‘Commentary + 12.inch through 186-inch outside diameter Spee wedSieel + Wall thickness of 0.105-inch through 1.00-inch + Custom plate rolling and welding up to 4-inch thickness * Unique capabilty allows for custom fabrication of heavy-wall pipe for special app
Slide 9: Permalok Products
Northwest Pipe Company Permalok® Products + In2013, acquired 24" Permalok®Casing Pipe __VS. 24” Welded Steel Casing Pipe Permalok, the manufacturer | 424° Permaiok® connection is made in 6 ‘The best field welders take 90 minutes to ft and of the proprietary minutes of less, allowing a crew to instal
Slide 10: Water Transmission Strengths
Northwest Pipe Company Water Transmission Strengths « Well Positioned Industry Leader — Largest, most flexible capacity in the market — Skilled project management group, exceptional customer service track record — Permalok® provides superior product to the microtunnel market — Low freight costs — St
Slide 11: Points of Focus
Northwest Pi; (Q)8empany ?° Points of Focus 1. Improving performance of existing business by focusing on margin over volume 2. Finding strategic growth opportunities for our water infrastructure business 3. Driving cost reductions and efficiencies at all levels of the Company 4. Monetizing the remai
Slide 12: Appendix
(9) Northwest Pipe Company Appendix
Slide 13: Income Statement
Northwest Pipe Company Net sales Cost of sales Gross proft (loss) Solling, general and administrative Gain on sale of fcity Restructuring expense Operating loss Other income Interest income Interest expense Loss from continuing operations before income taxes Income tax benefit Net loss from continui
Slide 14: Balance Sheet
Northwest Pipe Company Cash and cash equivalents s 6 Ss 40.0 Trade and other receivables, net 290 243 Contract assets 445 448 Inventories 1A 174 Other current assets 66 57 Total current assets 1408 1319 Property and equipment, net Tar 783 Other assets 108 95 Total assets Ss 2303 $ 2197 Current potio
Slide 15: 2018 Annual Shareholder Meeting
2018 Annual Shareholder Meeting June 6, 2018