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Q2 For the six months ended June 28, 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 Continued Momentum Market Resiliance Expanding our global footprint Net Operating Lines 13 Increase in booking rates compared to Q2, 2013 11 Increase in earnings fro

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 June 28, 2014 were 61,716, an increase of 2,644 or 4.5 from Quarter 2, 2013 sales of 59,07

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 Yeartodate, the margin rate was 23.3 in 2014, which is a decrease of 0.7 from the 2013 rate of 24.0. Gross margin rates are still negat

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 Foreign exchange loss in Quarter 2, 2014 was 34, relating primarily to the transactional exchange

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 Given the negative economic environment, particularly in North America, we are focusing our efforts on projects that will i

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 continues to be dedicated to its strategic investment in growth initiatives in Canada, the U.S., In

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 June 28, 2014 December 31

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 Six months

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 Six months endi

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 six months ended June 28, 2014 SHARE CAPITAL tabul

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 six months ended June 29, 2013 SHARE CAPITAL tabular amounts in tho

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 Six months ending June

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 June 28, 2014 and June 29, 2013 tabular amounts in thousands of dollars The accompanying unaudited interim fin

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 June 28, 2014 and June 29, 2013 tabular amounts in thousands of dollars 4. Property, plant and equipment The G

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 June 28, 2014 and June 29, 2013 tabular amounts in thousands of dollars 7. b Share capital continued Stock opt

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 June 28, 2014 and June 29, 2013 tabular amounts in thousands of dollars Transactions with key management person

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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