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2009 Q3 Nine months ended September 26, 2009

DEAR FELLOW INVESTOR, As we move into the last half of 2009, Hammond Power Solutions Inc. HPS continues to be buffeted by a global recession that officially started in December Weve got a good thing

DEAR FELLOW INVESTOR, As we move into the last half of 2009, Hammond Power Solutions Inc. HPS continues to be buffeted by a global recession that officially started in December Weve got a good thing

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

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

Managements Discussion Analysis Due to the current negative state of the electrical industry business activity, we continue to see lower selling prices in many of our market segments. Manufacturing

Managements Discussion Analysis Due to the current negative state of the electrical industry business activity, we continue to see lower selling prices in many of our market segments. Manufacturing

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 ope

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 ope

Managements Discussion Analysis a decrease of 11,210,000 or 113.4 as compared to a balance of 9,884,000 as at September 27, 2008. This decrease can be attributed to solid working capital cash genera

Managements Discussion Analysis a decrease of 11,210,000 or 113.4 as compared to a balance of 9,884,000 as at September 27, 2008. This decrease can be attributed to solid working capital cash genera

Managements Discussion Analysis will be cancelled. The Board of Directors of HPS authorized the NCIB as it believes that current market conditions provide opportunities for HPS to acquire Class A sh

Managements Discussion Analysis will be cancelled. The Board of Directors of HPS authorized the NCIB as it believes that current market conditions provide opportunities for HPS to acquire Class A sh

Managements Discussion Analysis Risk factors As with most businesses, Hammond Power Solutions Inc., is subject to a number of marketplace, industry and economic related business risks, which could h

Managements Discussion Analysis Risk factors As with most businesses, Hammond Power Solutions Inc., is subject to a number of marketplace, industry and economic related business risks, which could h

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 in thousands of dollars As at September 26 2009 As at December 31 2008 Assets Current assets Cash and cash equivalents Accounts receivable Inventories Prepaid e

cONSOLIDATED BALANcE SHEET unaudited in thousands of dollars As at September 26 2009 As at December 31 2008 Assets Current assets Cash and cash equivalents Accounts receivable Inventories Prepaid e

cONSOLIDATED STATEMENTS OF EARNINgS AND cOMPREHENSIVE EARNINgS unaudited in thousands of dollars except earnings per share Quarter Ending Sep 26 2009 Sales Cost of Sales Gross Margin 43,768 33,736 1

cONSOLIDATED STATEMENTS OF EARNINgS AND cOMPREHENSIVE EARNINgS unaudited in thousands of dollars except earnings per share Quarter Ending Sep 26 2009 Sales Cost of Sales Gross Margin 43,768 33,736 1

cONSOLIDATED STATEMENT OF cASH FLOWS unaudited in thousands of dollars Quarter Ending Sep 26 2009 Cash provided by used in Operations Net earnings Add deduct items not involving cash Amortization of

cONSOLIDATED STATEMENT OF cASH FLOWS unaudited in thousands of dollars Quarter Ending Sep 26 2009 Cash provided by used in Operations Net earnings Add deduct items not involving cash Amortization of

cONSOLIDATED STATEMENTS OF SHAREHOLDERS EQuITy unaudited in thousands of dollars Nine month periods ended September 26, 2009 and September 27, 2008 Share capital Balance as at December 31, 2008 Cash

cONSOLIDATED STATEMENTS OF SHAREHOLDERS EQuITy unaudited in thousands of dollars Nine month periods ended September 26, 2009 and September 27, 2008 Share capital Balance as at December 31, 2008 Cash

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

awards of stock is measured at fair value at the grant date. Compensation cost is recognized in earnings on a straightline basis over the relevant vesting period. The counterpart is recognized in cont

awards of stock is measured at fair value at the grant date. Compensation cost is recognized in earnings on a straightline basis over the relevant vesting period. The counterpart is recognized in cont

International Financial Reporting Standards Accounting standards in Canada are to converge with IFRS. HPS is required to begin reporting under IFRS by the first quarter of 2011 with comparative data a

International Financial Reporting Standards Accounting standards in Canada are to converge with IFRS. HPS is required to begin reporting under IFRS by the first quarter of 2011 with comparative data a

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

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