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Q3 Report 2013 For the nine months ended September 28, 2013

Our strengths ucts, M Prod 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 al

Market Share Fellow Shareholders, The year 2013 continues to be a more challenging year than expected, and we see this reflected in our Quarter 3, 2013 interim financial results. Our performance this

Industry Leader 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 we are an MANAGEMENTS DISCUSSION AND ANALYSIS Hammond Power Solutions Inc. HPS or the Company is a North

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 Additional GAAP and NonGAAP measures This document uses the terms earnings from operations which represents earnings before

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 Order bookings and backlog The Company realized an increase in bookings of 0.2 over Quarter 2, 2013 and an increase of 3.6

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 Selling and distribution expenses Total selling and distribution expenses were 6,536 in Quarter 3, 2013 versus 6,337 in Qua

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, 2013 was 183, relating primarily to the transactional exc

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 Summary of Quarterly Financial Information Unaudited Fiscal 2013 Quarters Stated Per IFRS Sales Net earnings Net income per

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 Contractual Obligations tabular amounts in thousands of dollars 2013 1,806 32,425 1,258 21,597 22 161 230 57,499 2014

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 December 31, 2012 were approximately 8,000 CAD. The Company will operate as Marnate Trasformatori s.r.l. a subsidiary of H

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 fluctuations through increasing our U.S. dollar driven manufacturing output and have further enhanced our geographic manufa

New Accounting Pronouncements The International Accounting Standards Board has issued the following Standards, Interpretations and amendments to Standards that are not yet effective and while consider

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

Condensed Consolidated Statements of Financial Position unaudited tabular amounts in thousands of dollars September 28, 2013 As at December 31, 2012 Assets Current assets Cash Accounts receivable I

Condensed Consolidated Statements of Earnings unaudited Quarter Ending tabular amounts in thousands of dollars Nine months ending September 28, 2013 September 28, 2013 September 29, 2012 63,703 4

Condensed Consolidated Statements of Comprehensive Income unaudited tabular amounts in thousands of dollars September 28, 2013 Quarter Ending September 29, 2012 792 2,552 September 28, 2013 Nine

Condensed Consolidated Statements of Changes in Equity unaudited For the nine months ended September 28, 2013 SHARE CAPITAL tabular amounts in thousands of dollars CONTRIBUTED SURPLUS AOCI RETAINED

Condensed Consolidated Statements of Changes in Equity unaudited For the nine months ended September 29, 2012 SHARE CAPITAL tabular amounts in thousands of dollars CONTRIBUTED SURPLUS AOCI RETAINED

Condensed Consolidated Statements of Cash Flows unaudited tabular amounts in thousands of dollars September 28, 2013 Nine months ending September 29, 2012 7,881 Cash flows from operating activitie

Notes to Consolidated Financial Statements Quarters ended September 28, 2013 and September 29, 2012 tabular amounts in thousands of dollars The accompanying unaudited interim financial statements of

Notes to Consolidated Financial Statements Quarters ended September 28, 2013 and September 29, 2012 in thousands of dollars 4. Property, plant and equipment The Group had acquisitions of fixed asset

Notes to Consolidated Financial Statements Quarters ended September 28, 2013 and September 29, 2012 in thousands of dollars b Stock option plan During the nine months ended September 28, 2013, the C

Notes to Consolidated Financial Statements Quarters ended September 28, 2013 and September 29, 2012 in thousands of dollars Transactions with key management personnel i During the nine months ended S

HAMMOND POWER SOLUTIONS Q 3 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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