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2009 Q2 Six months ended June 27, 2009

DEAR FELLOW INVESTOR, After many quarters of industrybeating performance, Hammond Power Solutions Inc. HPS has experienced a drop in financial results. An Weve got a good thing going on. A good thing

DEAR FELLOW INVESTOR, After many quarters of industrybeating performance, Hammond Power Solutions Inc. HPS has experienced a drop in financial results. An Weve got a good thing going on. A good thing

MANAgEMENTS DIScuSSION ANALySIS SEcOND QuARTER 2009 Overview Hammond Power Solutions Inc. HPS or the Company, is a North American leader for the design and manufacture of custom electrical engineered

MANAgEMENTS DIScuSSION ANALySIS SEcOND QuARTER 2009 Overview Hammond Power Solutions Inc. HPS or the Company, is a North American leader for the design and manufacture of custom electrical engineered

Managements Discussion Analysis additional downward pressure on selling prices from many of our competitors. Manufacturing leadtimes continue to reduce and our available excess manufacturing capacit

Managements Discussion Analysis additional downward pressure on selling prices from many of our competitors. Manufacturing leadtimes continue to reduce and our available excess manufacturing capacit

Managements Discussion Analysis Sale of equity investment in Moloney Electric Inc. 1159714 Ontario Inc. properties As disclosed, in Quarter 1, 2008, the Company sold its 45 equity interest in the op

Managements Discussion Analysis Sale of equity investment in Moloney Electric Inc. 1159714 Ontario Inc. properties As disclosed, in Quarter 1, 2008, the Company sold its 45 equity interest in the op

Managements Discussion Analysis Net overall bank operating lines of credit and longterm debt, net of cash balances decreased to 970,000 as at June 27, 2009, a decrease of 8,640,000 as compared to a

Managements Discussion Analysis Net overall bank operating lines of credit and longterm debt, net of cash balances decreased to 970,000 as at June 27, 2009, a decrease of 8,640,000 as compared to a

financial reporting. HPS carries out ongoing improvements to its internal controls over financial reporting but nothing considered at a material level. Canadian Securities Administrators require that

financial reporting. HPS carries out ongoing improvements to its internal controls over financial reporting but nothing considered at a material level. Canadian Securities Administrators require that

SELEcTED ANNuAL AND QuARTERLy FINANcIAL INFORMATION The information contained in the following table presents the historic audited annual financial information as at December 31 and the unaudited fina

SELEcTED ANNuAL AND QuARTERLy FINANcIAL INFORMATION The information contained in the following table presents the historic audited annual financial information as at December 31 and the unaudited fina

cONSOLIDATED BALANcE SHEET unaudited thousands of dollars As at June 27 2009 As at December 31 2008 Assets Current assets Cash and cash equivalents Accounts receivable Inventories Prepaid expenses

cONSOLIDATED BALANcE SHEET unaudited thousands of dollars As at June 27 2009 As at December 31 2008 Assets Current assets Cash and cash equivalents Accounts receivable Inventories Prepaid expenses

cONSOLIDATED STATEMENTS OF EARNINgS AND cOMPREHENSIVE EARNINgS unaudited thousands of dollars, except per share amounts Quarter Ending June 27 2009 Sales Cost of Sales Gross Margin 48,203 35,683 12,

cONSOLIDATED STATEMENTS OF EARNINgS AND cOMPREHENSIVE EARNINgS unaudited thousands of dollars, except per share amounts Quarter Ending June 27 2009 Sales Cost of Sales Gross Margin 48,203 35,683 12,

cONSOLIDATED STATEMENT OF cASH FLOWS unaudited thousands of dollars Quarter Ending June 27 2009 Cash provided by used in Operations Net earnings Add deduct items not involving cash Amortization of pr

cONSOLIDATED STATEMENT OF cASH FLOWS unaudited thousands of dollars Quarter Ending June 27 2009 Cash provided by used in Operations Net earnings Add deduct items not involving cash Amortization of pr

cONSOLIDATED STATEMENTS OF SHAREHOLDERS EQuITy unaudited thousands of dollars Three month periods ended June 27, 2009 and June 28, 2008 Share capital Balance as at December 31, 2008 Cash consideraton

cONSOLIDATED STATEMENTS OF SHAREHOLDERS EQuITy unaudited thousands of dollars Three month periods ended June 27, 2009 and June 28, 2008 Share capital Balance as at December 31, 2008 Cash consideraton

cONDENSED NOTES TO THE uNAuDITED cONSOLIDATED FINANcIAL STATEMENTS Hammond Power Solutions Inc. HPS or the Company is a public company, traded on the Toronto Stock Exchange HPS.A and is incorporated u

cONDENSED NOTES TO THE uNAuDITED cONSOLIDATED FINANcIAL STATEMENTS Hammond Power Solutions Inc. HPS or the Company is a public company, traded on the Toronto Stock Exchange HPS.A and is incorporated u

recognized in earnings on a straightline basis over the relevant vesting period. The counterpart is recognized in contributed surplus. Upon exercise of a stock option, share capital is recorded at the

recognized in earnings on a straightline basis over the relevant vesting period. The counterpart is recognized in contributed surplus. Upon exercise of a stock option, share capital is recorded at the

compensation arrangements during the period to the transition date. capital risk management The Companys objective is to maintain a strong capital base so as to maintain investor, creditor and market

compensation arrangements during the period to the transition date. capital risk management The Companys objective is to maintain a strong capital base so as to maintain investor, creditor and market

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 Distribution C

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 Distribution C

hammondpowersolutions.com

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