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Q1 Report 2013 For the three months ended March 30, 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

seizing opportunities for Growth European Acquisition Diversity in Technology Multiple Channels to Market continue in the Americas and abroad. Lastly, the Indian economy is beginning to show improve

Growth Initiatives 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 strategic in our MANAGEMENTS DISCUSSION AND ANALYSIS Hammond Power Solutions Inc. HPS or the Company i

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 interest, taxes, depreciation and amortization. Operating earnings and EBITDA are some of the measures the Company uses to

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 mediumterm market trends and prospects. The Company is very cognizant however that it may see some monthtomonth fluctuation

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 Company continues to invest in its people resources, specifically in the areas of information services and engineering,

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 EBITDA and adjusted EBITDA are calculated as outlined in the following table Net earnings Add Interest expense Income tax e

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 capacity, new product development and information technology infrastructure were areas of capital expenditure spending in t

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 Purchase of Marnate Trasformatori s.r.l. Marnate On February 12, 2013, Hammond Power Solutions Inc. signed an agreement for

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 related business risks which could have some material impact on our operating results. These risks include The cyclical ef

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 OffBalance Sheet Arrangements The Company has no offBalance Sheet arrangements, other than operating leases disclosed in No

Disclosure of interests in other entities In May 2011, the IASB issued IFRS 12, Disclosure of Interests in Other Entities IFRS 12. This standard is effective for annual periods beginning on or after J

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 Selected Annual and Quarterly Financial Information The information contained in

Condensed Consolidated Statements of Financial Position unaudited tabular amounts in thousands of dollars March 30, 2013 As at December 31, 2012 Assets Current assets Cash Accounts receivable Inven

Condensed Consolidated Statements of Earnings unaudited Three months ending tabular amounts in thousands of dollars March 30, 2013 63,672 48,376 15,296 6,542 5,395 3,359 March 31, 2012 65,654 50,

Condensed Consolidated Statements of Comprehensive Income unaudited Three months ending tabular amounts in thousands of dollars March 30, 2013 1,907 1,678 1,678 3,585 March 31, 2012 2,518 989 98

Condensed Consolidated Statements of Changes in Equity unaudited For the three months ended March 30, 2013 SHARE CAPITAL tabular amounts in thousands of dollars CONTRIBUTED SURPLUS AOCI RETAINED EA

Condensed Consolidated Statements of Changes in Equity unaudited For the three months ended March 31, 2012 SHARE CAPITAL tabular amounts in thousands of dollars CONTRIBUTED SURPLUS AOCI RETAINED EA

Condensed Consolidated Statements of Cash Flows unaudited Three months ending tabular amounts in thousands of dollars March 30, 2013 1,907 March 31, 2012 2,518 Cash flows from operating activiti

Notes to Consolidated Financial Statements Quarters ended March 30, 2013 and March 31, 2012 tabular amounts in thousands of dollars The accompanying unaudited interim financial statements of Hammond

Notes to Consolidated Financial Statements Quarters ended March 30, 2013 and March 31, 2012 tabular amounts in thousands of dollars 6. Longterm debt March 30, 2013 Opening balance New issues Acquire

Notes to Consolidated Financial Statements Quarters ended March 30, 2013 and March 31, 2012 tabular amounts in thousands of dollars 8. Related party transactions Related parties Arathorn Investments

Notes to Consolidated Financial Statements Quarters ended March 30, 2013 and March 31, 2012 tabular amounts in thousands of dollars The acquisition was accounted for using the purchase method whereby

our locations Mexico Canada India Italy Italy HAMMOND POWER SOLUTIONS Q 1 R E P O R T, 2 0 1 3 25

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

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