Nwpx Infrastructure, Inc. · NASDAQ:NWPX
Nwpx Infrastructure — Northwest Pipe — Shareholder Meeting (June 2023)
18 slides from Nwpx Infrastructure's shareholder meeting presentation, Jun 22, 2023
Slide 1: Shareholder Meeting
Northwest Pipe Company Shareholder ~ Meeting \ June 22, 2023 WWW.NWPIPE.COM
Slide 2: Meeting Agenda
MEETING AGENDA Chairman’s Remarks: Richard Roman + Preliminary procedural matters + Vote count: shareholders use “Vote Here!” button s Matters for shareholder consideration ° Election of three directors . Advisory vote on executive compensation + Advisory vote on frequency of shareholder advisory vo
Slide 3: Our Board of Directors
OUR BOARD OF DIRECTORS — Continuing Directors Mike Franson Independent; serving since 2016 Retired Managing Director and Global Head of Technology M&A at KPMG Corporate Finance LLC; co-founder of St. Charles Capital Amanda Julian Independent; serving since 2020 Senior partner of NeoPsy Systems Keith
Slide 4: Executive Compensation
EXECUTIVE COMPENSATION ANNUALCASH Jf DISCRETIONARY EQUITY PERQUISITES Element INCENTIVE INCENTIVE IceNTIVE & PERSONAL BENEFITS 7 Incentive to Incemiveto | {incentive or tonance : Purpose | Besclewot || givenearserm || projcrreates | | five orem, | | grogucmvtyand || come cetinty bes stock price grow
Slide 5: Matters for Shareholder Consideration
MATTERS FOR SHAREHOLDER CONSIDERATION Voting Proposals as set forth In the Proxy 1. 2. Elect three directors, one to serve for a two-year term, and two to serve for a three-year term Hold an advisory vote on executive compensation Hold an advisory vote on the frequency of shareholder advisory votes
Slide 6: Business Update
Northwest Pipe Company BUSINESS _ UPDATE WWW.NWPIPE.COM
Slide 7: Forward Looking Statements
FORWARD LOOKING STATEMENTS Statements in this presentation are “orward-looking statements’ within the meaning of the Private Securities Ligation Reform Act of 1995 and Section 21€ of the Securities Exchange Act of 1934, as amended, that are based on current expectations, estimates, and projections a
Slide 8: About Northwest Pipe Company
ABOUT NORTHWEST PIPE COMPANY Leading manufacturer of water-related infrastructure products including engineered steel pressure pipe and precast and reinforced concrete products + Founded in 1966 and headquartered in Vancouver, WA + Strategically positioned to meet North America's growing needs for w
Slide 9: Growth Strategy
GROWTH STRATEGY Northwest Pipe's goal Is to create transformational growth and profitability In order to drive shareholder value. The strategy is two-pronged: 1 ‘imize steel pipe water i bt through cost reduction measures, Lean manufacturing and a continued emphasis on margin over volume to drive fu
Slide 10: Strong Demand Drives Strong Performance
STRONG DEMAND DRIVES STRONG PERFORMANCE Backlog* and Order Book? Revenue (8 Millions) (S Miliions) — —- ‘record SPP’ and. Grow SPP revenues by over 2x since 2017 and strong Precast order book In 2022 more than tripled the size of the Company sr with the addition of Precast set bcd » fie ie 2017 2018
Slide 11: Total Stockholder Return
TOTAL STOCKHOLDER RETURN Northwest Pipe Company's total stockholder returns have consistently outpaced the Russell 2000 Index, the S&P 600 Construction Machinery & Heavy Trucks Index and proxy peer group over the last five years. Rar aps 2s po apr 2p —s-Northwest Pipe Company == Russel 2000 ‘—® S&P.
Slide 12: 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 CAPEX, USS <$18ilion Hl > s1.21H0n <$5 eon HE > 55 aitio
Slide 13: Product Spread Strategy
PRODUCT SPREAD STRATEGY An Initlative to add the production of ParkUSA products to legacy Northwest Pipe plants, and vice versa In order to expand our production and maximize overall efficiencies. Level 1 Level 2 — —: + Build out capacity utilization at ParkUSA plants in + Produce and ship ParkUSA p
Slide 14: Q1 2023 Highlights
Q1 2023 HIGHLIGHTS = Backlog of $370 million including confirmed orders" for the Engineered Steel Pressure Pipe segment Strong order book of $58 million for the Precast Infrastructure and Engineered Systems segment Net Sales by Segment Gross Profit by Segment (S Millions) (S Millions) —a soar ay STA
Slide 15: Capital Allocation Strategy
CAPITAL ALLOCATION STRATEGY Use of Cash Priorities: Organic Growth Debt Repayment Accretive Acquisitions @)Northwest PipeCompany Prioritizing organic growth through “Product Spread’ strategy for ParkUSA Reinvesting in Precast locations to increase production capabilities and capacity through expansi
Slide 16: Social and Environmental Responsibility
SOCIAL AND ENVIRONMENTAL RESPONSIBILITY We are highly focused on investing in our workforce, health and safety programs, social yes, and Health & Safety =< + Industry-leading safety performance over the last four years’ significantly below the comparable Industry average" “+ Average total recordable
Slide 17: Strategic and Operational Initiatives
STRATEGIC AND OPERATIONAL INITIATIVES Integrate ParkUSA acquisition as quickly and as efficiently as possible Improve performance through a persistent focus on margin over volume Continue to implement cost reductions and efficiencies at all levels of the Company Identify strategic opportunities to g
Slide 18: Q&A