Get Adobe Flash player

Q2 Report 2013 For the six months ended June 29, 2013

Our strengths cts, M rodu P we know S DIVERkeITY ar ts, Peop le 1200 Worldwide Employees 12 Manufacturing Facilities 8 Regional Warehouses 7 Core Product Types Customized Products T INNOVAp ION a

Market Share Fellow Shareholders, Our expectation of a difficult first half in 2013 as discussed in our Quarter 1, 2013 communication has turned out to be the reality. I believe that it is fair to say

Strategy for Growth D O L L A R S I N T H O U S A N D S U N L E S S O T H E R W I S E S TAT E D unwavering in our MANAGEMENTS DISCUSSION AND ANALYSIS Hammond Power Solutions Inc. HPS or the Company

D O L L A R S I N T H O U S A N D S U N L E S S O T H E R W I S E S TAT E D the measures the Company uses to evaluate the operational profitability. The Company presents EBITDA to show its performanc

D O L L A R S I N T H O U S A N D S U N L E S S O T H E R W I S E S TAT E D HPS realized an increase in bookings of 17.6 over Quarter 1, 2013 and also increased 3.4 as compared against Quarter 2, 201

D O L L A R S I N T H O U S A N D S U N L E S S O T H E R W I S E S TAT E D Selling and distribution expenses Total selling and distribution expenses were 6,617 in Quarter 2, 2013 versus 6,525 in Qua

D O L L A R S I N T H O U S A N D S U N L E S S O T H E R W I S E S TAT E D Foreign exchange gainloss The foreign exchange loss in Quarter 2, 2013 was 122, relating primarily to the transactional exc

D O L L A R S I N T H O U S A N D S U N L E S S O T H E R W I S E S TAT E D Summary of Quarterly Financial Information Unaudited Fiscal 2013 Quarters Stated Per IFRS Sales Net earnings Net income per

D O L L A R S I N T H O U S A N D S U N L E S S O T H E R W I S E S TAT E D Contractual Obligations tabular amounts in thousands of dollars 2013 1,806 32,933 1,359 19,986 24 161 245 56,514 2014

D O L L A R S I N T H O U S A N D S U N L E S S O T H E R W I S E S TAT E D transformers and has an excellent reputation in the industry for product quality and reliability. Marnates annual revenues

D O L L A R S I N T H O U S A N D S U N L E S S O T H E R W I S E S TAT E D fluctuations through increasing our U.S. dollar driven manufacturing output and have further enhanced our geographic manufa

New Accounting Pronouncements The International Accounting Standards Board has issued the following Standards, Interpretations and amendments to Standards that are not yet effective and while consider

the amendments to IAS 1 to have a material impact on the financial statements. Strategic Direction and Outlook HPS is steadfast in its strategic investment in growth initiatives in Canada, the U.S.,

D O L L A R S I N T H O U S A N D S U N L E S S O T H E R W I S E S TAT E D Selected Annual and Quarterly Information The information contained in the following table presents the historic audited an

Condensed Consolidated Statements of Financial Position unaudited tabular amounts in thousands of dollars June 29, 2013 As at December 31, 2012 Assets Current assets Cash Accounts receivable Invent

Condensed Consolidated Statements of Earnings unaudited Quarter Ending tabular amounts in thousands of dollars Six months ending June 29, 2013 122,744 93,316 29,428 13,159 11,311 4,958 June 30, 20

Condensed Consolidated Statements of Comprehensive Income unaudited tabular amounts in thousands of dollars Quarter Ending June 29, 2013 June 30, 2012 510 2,811 Six months ending June 29, 2013 Jun

Condensed Consolidated Statements of Changes in Equity unaudited For the six months ended June 29, 2013 SHARE CAPITAL tabular amounts in thousands of dollars CONTRIBUTED SURPLUS AOCI RETAINED EARNI

Condensed Consolidated Statements of Changes in Equity unaudited For the six months ended June 30, 2012 SHARE CAPITAL tabular amounts in thousands of dollars CONTRIBUTED SURPLUS AOCI RETAINED EARNI

Condensed Consolidated Statements of Cash Flows unaudited tabular amounts in thousands of dollars Six months ending June 29, 2013 June 30, 2012 2,417 5,329 Cash flows from operating activities Net

Notes to Consolidated Financial Statements Quarters ended June 29, 2013 and June 30, 2012 tabular amounts in thousands of dollars The accompanying unaudited interim financial statements of Hammond Po

Notes to Consolidated Financial Statements Quarters ended June 29, 2013 and June 30, 2012 in thousands of dollars 6. Longterm debt Six months ending June 29, 2013 June 30, 2012 4,537 242 58 90 473

Notes to Consolidated Financial Statements Quarters ended June 29, 2013 and June 30, 2012 in thousands of dollars 8. Accumulated Other Comprehensive Income Changes to the accumulated other comprehen

Notes to Consolidated Financial Statements Quarters ended June 29, 2013 and June 30, 2012 in thousands of dollars 10. Business combination On February 12, 2013, Hammond Power Solutions Inc. signed a

Hammond Power Solutions Inc. Canada Corporate Head Office 595 Southgate Drive Guelph, Ontario N1G 3W6 Phone 519 8222441 15 Industrial Road Walkerton, Ontario N0G 2V0 Phone 519 8813552 10 Tawse Place G

Corporate Officers and Directors William G. Hammond Chairman and Chief Executive Officer Corporate Head Office 595 Southgate Drive Guelph, Ontario Canada N1G 3W6 Chris R. Huether Corporate Secretar

HAMMONDPOWERSOLUTIONS.COM

Share