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Q3 Report 2012 For the nine months ended September 29, 2012

2 Q3 REPORT HAMMOND POWER SOLUTIONS

Inside n Letter to Shareholders n Managements Discussion Analysis r Selected Annual and Quarterly Financial Information r Condensed Consolidated Statements of Financial Position r Condensed Consolida

4 Q3 REPORT HAMMOND POWER SOLUTIONS

Fellow Shareholders, I am pleased to report a continuation of positive momentum of increased sales and profits in Quarter 3, 2012 for Hammond Power Solutions Inc. Sales increased by 15 compared to the

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated. Overview Hammond Power Solutions Inc. HPS or the Company is the North American leader in the des

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated Canadian dollar is higher by 2.6 1.00 USD 1.00 CAD versus 1.00 USD 0.98 CAD over the first nine

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated. Selling and Distribution Expenses Total selling and distribution expenses were 6,337 in Quarter

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated Interest Expense The interest expense for Quarter 3, 2012 finished at 249 compared to 77 in Quart

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated. Net Earnings continued EBITDA and adjusted EBITDA is calculated as outlined in the following tab

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated Capital Resources and Liquidity Net cash provided by operating activities for Quarter 3, 2012 was

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated. Controls and Procedures The Chief Executive Officer and the Chief Financial Officer are responsi

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated Purchase of PanElectro Technic Private Limited PETE continued Total purchase consideration is com

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated. Risks and uncertainties continued strategy. Due to the unprecedented volatility of the financial

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated Proposed Transactions While the Company continues to evaluate potential business expansion initia

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated. Joint arrangements In May 2011, the IASB issued IFRS 11, Joint Arrangements IFRS 11. This standa

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated We will continue to focus our efforts on sustaining profit rates through selective selling price

Managements Discussion Analysis Third Quarter 2012 Dollars are in thousands unless otherwise stated. Selected Annual and Quarterly Financial Information The information contained in the following t

Condensed Consolidated Statements of Financial Position unaudited As at tabular amounts in thousands of dollars September 29, 2012 December 31, 2011 Assets Current assets Cash Accounts receivable

Condensed Consolidated Statements of Earnings unaudited Quarter Ending tabular amounts in thousands of dollars Nine Months Ending September 29, 2012 194,843 147,596 47,247 19,121 15,491 12,635 Oct

Condensed Consolidated Statements of Comprehensive Income unaudited Quarter Ending tabular amounts in thousands of dollars Nine Months Ending September 29, 2012 2,552 October 1, 2011 171 Septem

Condensed Consolidated Statements of Changes in Equity unaudited For the nine months ended September 29, 2012 tabular amounts in thousands of dollars Share capital 12,987 Contributed surplus 1,52

Consolidated Statements of Changes in Equity unaudited For the nine months ended October 1, 2011 tabular amounts in thousands of dollars Share capital 12,968 Contributed surplus 968 AOCI 1,267

Condensed Consolidated Statements of Cash Flows unaudited Nine Months Ending tabular amounts in thousands of dollars September 29, 2012 October 1, 2011 Cash flows from operating activities Net ear

Notes to the Unaudited Condensed Consolidated Interim Financial Statements Quarters ended September 29, 2012 and October 1, 2011 tabular amounts in thousands of dollars The accompanying unaudited inte

Notes to the Unaudited Condensed Consolidated Interim Financial Statements 6. Longterm debt September 29, 2012 Opening balance New issues Acquired through business acquisitions Term loan CAD Term lo

Notes to the Unaudited Condensed Consolidated Interim Financial Statements 8. Business combination Effective March 1, 2012, the Company, acquired 70 equity ownership of PanElectro Technic Enterprise

28 Q3 REPORT HAMMOND POWER SOLUTIONS

Corporate Officers and Directors William G. Hammond Chairman and Chief Executive Officer Chris R. Huether Corporate Secretary and Chief Financial Officer Donald H. MacAdam Director Zoltan D. Simo

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 Head Office 595 Southgate Drive Guelph, Ontario N1G 3W6 519 8222441 Stock Exchange Listing Toronto Stock Exchange TSX Trading Symbol HPS.A Registrar and Transfer Agent Computershare Invest

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