Investor Presentaiton

ACQUISITION CRITERIA Northwest Pipe's acquisition criteria focuses on organic growth, strong margin characteristics, solid asset efficiency and a positive cash flow profile. Priorities Include Accretive to earnings • Asset efficiency • Strong financial performance • • . Industry and geographic location aligns with strategic growth plan Performance indicators based on revenue and EBITDA thresholds Strong brand reputation and relationships in industry Experienced management teams ☐ Northwest Pipe Company 12

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