Nwpx Infrastructure, Inc. · NASDAQ:NWPX
Nwpx Infrastructure — Northwest Pipe — Shareholder Meeting (June 2012)
21 slides from Nwpx Infrastructure's shareholder meeting presentation, Jun 14, 2012
Slide 1: 2012 Annual Shareholder Meeting June 14, 2012
2012 Annual Shareholder Meeting June 14, 2012 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: Investment Highlights
Investment Highlights • Strong energy pipe markets • Industry leader with strategically located water transmission manufacturing facilities • Strategic plan to capitalize on current position and new opportunities • Experienced, energized and proven management team
Slide 4: Northwest Pipe at a Glance
Northwest Pipe at a Glance • Diversified manufacturer of welded steel pipe for water infrastructure, energy, agricultural, industrial and other uses • Industry leader – Over 100 years of operating history – Widely recognized for quality and customer service • National presence • Record net sales in
Slide 5: Northwest Pipe Company Locations
Northwest Pipe Company Locations
Slide 6: Income Statement Summary
($ in millions) 2010 2011 Q1-2012 Income Statement Summary Net Sales Water Transmission $ 221.3 $ 271.9 $ 58.4 Tubular Products 165.5 239.8 83.8 Net Sales 386.8 511.7 142.2 Gross Profit Water Transmission 19.4 43.2 9.7 Tubular Products 10.3 15.9 6.8 Gross Profit 29.7 59.1 16.5 SG&A 29.1 26.3 7.3 Ope
Slide 7: = $198 + 7B * = ° é 2150 a | +— o+— +
300 258 250 = $198 200 + 7B * = ° é 2150 4 2 5 a 100 | 50 +— o+— + ‘ 7 a410 aa att2 eWater @ Tubular @ Total Northwest Pipe Company pe
Slide 8: Balance Sheet Summary
($ in millions) Dec. 31, 2010 Dec. 31, 2011 Mar. 31, 2012 Balance Sheet Summary Assets Cash and Cash Equivalents $ 0.1 $ 0.2 $ 0.1 Trade and Other Receivables, Net 66.5 69.9 64.9 Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts 45.5 38.0 44.1 Inventories 80.9 107.2 98.6 Ot
Slide 9: Northwest Pipe Company
_ Northwest Pipe Company
Slide 10: Tubular Net Sales by Product Group
Tubular Net Sales $$ by Product Group Energy 73% Non-Energy 27% Energy 61% Non-Energy 39% Energy 82% Non - Energy 18% Q1-2012
Slide 11: U.S. Rotary Rig Count
U. S. Rotary Rig Count Total Active Rigs Active Rigs $150 $130 $110 s $90 $70 $50 800 '$30 Jan-2009° Jul-2009 Jan-2010 Jul-2010 Jan-2011 Jul-2011 Jan-2012 January 2009 - June 1, 2012 Sources: Baker-Hughes, Energy Information Administration (DOE), WTRG Economics WTRG Economics ©2012 wunw.wtrg.com (47
Slide 12: Hydraulic Fracturing
A pumper ck injects a taxol san, water ane YY] ‘ Nawal gastowsowotmet Racowred wat wed pen | tie P| pe! jz Natwal gas piped Hydraulic Fracturing Hydraut racturing, or ‘racking, involves the injection of more than a milion gallons. ‘of water, sand and chemicals ‘thigh pressure down and ‘cross into ho
Slide 13: United States Shale Gas Plays
United States Shale Gas Plays stata opacin yt . CA won ad ioe —=— A eee Northwest Pipe Company pe
Slide 14: Northwest Pipe Company
_ Northwest Pipe Company
Slide 15: Well Positioned Industry Leader
Well Positioned Industry Leader • Largest, most flexible capacity in the market • Strong relationships with public water agencies, contractors, engineering firms – Assist in development process of projects prior to bidding • Competitive position – Experienced workforce – Low freight costs – Excellen
Slide 16: Water Infrastructure Overview
Water Infrastructure Overview • Intakes, Raw Water Lines • Pump Stations • Pipeline Linings & Coatings (rehab) • Corrosion Protection/Monitoring • Couplings, Valves & Pumps • Interior & Yard Piping • Water Treatment Systems • Quality Monitoring • Flow Control Sewer Treatment Products • Gravity Sewer
Slide 17: Current Conditions and a Look Ahead
Current Conditions and a Look Ahead • Difficult market conditions in 2012 as water infrastructure projects compete with other infrastructure needs and municipal funding decreases • The bidding activity is significantly lower in 2012 • Emergency drought-related work and expected infrastructure projec
Slide 18: Tarrant Regional Water District Integrated Pipeline Project (IPL)
Tarrant Regional Water District Integrated Pipeline Project (IPL) Source: Tarrant Regional Water District http://www.trwd.com/IPLMap.aspx • The pipeline will run from Lake Palestine to Lake Benbrook, with connections to Cedar Creek and Richland- Chambers Reservoirs • It will integrate TRWD's existin
Slide 19: Timeline / Project Components
Timeline / Project Components Source: Tarrant Regional Water District http://www.trwd.com/IPLMap.aspx • IPL Components: – 150 miles of buried pipeline • 72 - 108” diameter welded steel pipe* – 3 lake intake pump stations – 2 booster pump stations • Communities Served: – DFW metroplex – Ellis County
Slide 20: Northwest Pipe Strategic Plans
Northwest Pipe Strategic Plans • Double EBITDA from 2011 to 2014 • Improve margins – Increase yields – Decrease downtime – Decrease costs • Capital investment in Atchison, KS to take advantage of line pipe market • Capital investment in Saginaw, TX to take advantage of large water infrastructure opp
Slide 21: 2012 Annual Shareholder Meeting June 14, 2012
2012 Annual Shareholder Meeting June 14, 2012