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Q3 For the nine months ended September 27, 2014

Our Vision To be the leader in our industry by delivering v Lead times as defined by our customers v A broad range of competitive products v Quality and service excellence in all that we do v Technica

A Future of Growth and Expansion Maintaining Momentum Strategic Capital Investment Expanding our Global Footprint Cash Generation 14 Increase in YTD Bookings Rates 5M Investment YTD in Capacity and

M a n a g e M e n t s D i s c u s s i o n a n D a n a ly s i s Hammond Power Solutions Inc. HPS or the Company is a North American leader in the design and manufacture of custom electrical engineere

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 Sales Sales for the quarterended September 27, 2014 were 61,558, an increase of 4,165 or 7.3 from Quarter 3, 2013 sales of

M A N A G E M E N T S D I S C U S S I O N A N D A N A LY S I S unsustainable pricing from many of its competitors in the market place. Gross margin rates are supported by the maintenance of market p

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 3, 2014 was 303. This loss relates primarily to the transact

M A N A G E M E N T S D I S C U S S I O N A N D A N A LY S I S Summary of Quarterly Financial Information Unaudited Fiscal 2014 Quarters Stated Per IFRS Sales Net earnings Net income per share basi

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 Accumulated other comprehensive income Changes to the accumulated other comprehensive income AOCI balance include foreign c

M A N A G E M E N T S D I S C U S S I O N A N D A N A LY S I S Risks and uncertainties As with most businesses, HPS is subject to a number of marketplace, industry and economic related business risk

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 GlobalNorth American economy The current economic conditions require the Company to be agile in order to continue to be suc

M A N A G E M E N T S D I S C U S S I O N A N D A N A LY S I S Strategic direction and outlook HPS is dedicated to its strategic investment in growth initiatives in Canada, the U.S., India and Europ

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

C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S Condensed Consolidated Statements of Financial Position unaudited As at tabular amounts in thousands of dollars September 27, 2014 Decemb

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 Condensed Consolidated Statements of Earnings unaudited tabular amounts in thousands of dollars Quarter ending Nine month

C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S Condensed Consolidated Statements of Comprehensive Income unaudited Quarter ending tabular amounts in thousands of dollars Nine months end

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 Condensed Consolidated Statements of Changes in Equity unaudited For the nine months ended September 27, 2014 SHARE CAPITAL

C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S Condensed Consolidated Statements of Changes in Equity unaudited For the nine months ended September 28, 2013 SHARE CAPITAL tabular amounts

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 Condensed Consolidated Statements of Cash Flows unaudited tabular amounts in thousands of dollars Nine months ending Sept

N O T E S T O C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S Quarters ended September 27, 2014 and September 28, 2013 tabular amounts in thousands of dollars The accompanying unaudited

N O T E S T O C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S Quarters ended September 27, 2014 and September 28, 2013 tabular amounts in thousands of dollars 4. Property, plant and equip

N O T E S T O C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S Quarters ended September 27, 2014 and September 28, 2013 tabular amounts in thousands of dollars 7. b Share capital continued

N O T E S T O C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S Quarters ended September 27, 2014 and September 28, 2013 tabular amounts in thousands of dollars Transactions with key managem

section title Diversified Markets Global Presence Walkerton, ON Canada Guelph, ON Canada Granby, QC Canada Compton, CA U.S. Baraboo, WI U.S. 2 Monterrey, Nl Mexico Responding to global market chang

Marnate, VA Italy Meledo, VI Italy Erragadda, HYD India 25 Europe Acquisition and integration of Marnate with our existing Italian operation supports our global growth strategies and doubles our pr

w o r l d wc d ie l ot ia t i o n s se it on c tle Hammond Power Solutions Inc. Canada Corporate Head Office 595 Southgate Drive Guelph, Ontario N1G 3W6 Phone 519 8222441 15 Industrial Road Walkerton

Corporate Officers and Directors William G. Hammond Chairman and Chief Executive Officer Stock Exchange Listing Toronto Stock Exchange TSX Trading Symbol HPS.A Christopher R. Huether Corporate Secr

T H E F U T U R E I S B R I G H T. HAMMONDPOWERSOLUTIONS.COM

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