Nwpx Infrastructure, Inc. · NASDAQ:NWPX
Nwpx Infrastructure — Northwest Pipe — Shareholder Meeting (June 2024)
16 slides from Nwpx Infrastructure's shareholder meeting presentation, Jun 13, 2024
Slide 1: Northwest Pipe Company 2024 Annual Shareholder Meeting
Northwest Pipe Company 2024 Annual — Shareholder f Meeting — |. er eae WWW.NWPIPE.COM
Slide 2: Meeting Agenda
MEETING AGENDA Chairperson’s Remarks: Richard Roman + Preliminary procedural matters + Vote count: shareholders use “Vote Here!” button + Matters for shareholder consideration: + Election of three directors, each to serve for a three- year term + Advisory vote on executive compensation + Ratificatio
Slide 3: Our Board of Directors
OUR BOARD OF DIRECTORS Continuing Directors Mike Franson Independent, serving since 2018 Retired Managing Director and Gabel Head of Technology MBA at KPHG Corporte Finance LLC; cofounder of St Cares Capital Inma Lockridge Independent. serving since 2023 CCiet People and Systoms Officer at CoorsTok
Slide 4: Executive Compensation
EXECUTIVE COMPENSATION ANNUAL CASH Equity PRE ssc salary NNUALCASH J DiscRETIONARY RETIREMENT INCENTIVE ‘& PERSONAL ‘AWARDS AWARDS BENEFITS ‘COMPENSATION incentive to Incentiveto_} {Compensation for Enhance Purpose | Baselevelof hpi! Arve long-term “ang | | Ieome certainty compensation || “mvapearte
Slide 5: Matters for Shareholder Consideration
MATTERS FOR SHAREHOLDER CONSIDERATION Voting Proposals as set forth in the Proxy 1. Elect three directors, each to serve for a three-year term 2. Hold an advisory vote on the Company's executive compensation 3. Ratify the appointment of Moss Adams LLP as the Company's independent registered public a
Slide 6: Business Update
Company Northwest Pipe a 5 BUSINESS > UPDATE WW NWEIPE COM
Slide 7: Forward Looking Statements
FORWARD LOOKING STATEMENTS Statements inthis resentation contain “forward-looking statements” within the meaning ofthe Private Secures Litigation Reform Act of 1995 and Section 218 ofthe Secures Exchange Act of 1924, a amended, that are based on current expectation, estimates, and projections about
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 s
Slide 9: 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 mostin need of water 7 infrastructure investment. hiaebi aed <st8ition I > station <5 aon IH > sion <s10 on Tl >
Slide 10: Growth Strategy
GROWTH STRATEGY Goal is to create transformational growth and profitability in order to drive shareholder value through organic growth “Product Spread” strategy and acquisitions Precast Product Spread Strategy Acquisition Strategy — — Level2: Continuing to seek accretive acquisition candidates in th
Slide 11: Strong Demand Drives Strong Performance
STRONG DEMAND DRIVES STRONG PERFORMANCE Backlogtand Order Book? Revenue ($ Millions) ($ Millions) —= — Maintained strong SPP backlog and Precast Grew SPP revenues by over 2xsince 2017 and order bookin 2023 more thantripled the size of the Company $319 ed 221 ss | iil A 27 20182019 zoe 20M 2022 —y a
Slide 12: Q1 2024 Highlights
Q1 2024 HIGHLIGHTS + Backlog including confirmed orders of $337 million for the Engineered Steel Pressure Pipe segment + Strong order book? of $52 million for the Precast infrastructure and Engineered Systems segment Net Sales by Segment Gross Margin by Segment ($ Millions) ) — sor sur 578 = sms sis
Slide 13: Capital Allocation Strategy
CAPITAL ALLOCATION STRATEGY Use of Cash Priorities: —x Organic Growth Accretive Acquisitions + Prioritizing organic grouth through “Product Sprea + Evaluating potential M&Ain the precastelated market strategy for ParkUSA. with the goal of Precast becoming the same size as + Reinvesting in Precastloc
Slide 14: Corporate Responsibility
CORPORATE RESPONSIBILITY CEO Scott Montross, “We are focused on investing in our workforce, health and safety programs, and social initiatives, while continuing to manufacture products that positively impact the environment. We see so much potential as we continue to innovate and bring new technolog
Slide 15: Strategic and Operational Initiatives
STRATEGIC AND OPERATIONAL INITIATIVES Maintain a safe workplace where employees are proud to work Improve performance through a persistent focus on margin over volume 4 2. 3. Continue to implement cost reductions and efficiencies at all levels of the Company 4. Identify strategic opportunities to gr
Slide 16: Q&A