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Q1 For the three months ended March 29, 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 Gaining Momentum Market Resiliance Expanding our global footprint Strong Balance Sheet 32 Increase in booking rates compared to Q1, 2013 23 Consistency in margin rat

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 March 29, 2014 were 59,953, a decline of 3,719 or 5.8 from Quarter 1, 2013 sales of 63,672

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 Despite the lethargic global recovery and vacillating economic environment, the Company continues to advance its geographic footprint,

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 gain in Quarter 1, 2014 was 97, relating primarily to the transactional exch

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 Sales Net earnings Net income per share basic Net income per share diluted Avera

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 2014 2,147 32,588 1,077 28,999 70 859 65,740 2015 1,4

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 is dedicated to its strategic investment in growth initiatives in Canada, the U.S., India and Europ

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 March 29, 2014 December 3

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 Three months ending tabular amounts in thousands of dollars March

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 Three months ending tabular amounts in thousands of dollars March 29,

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 three months ended March 29, 2014 SHARE CAPITAL ta

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 three months ended March 30, 2013 SHARE CAPITAL tabular amounts 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 Condensed Consolidated Statements of Cash Flows unaudited tabular amounts in thousands of dollars Three months ending Mar

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 March 29, 2014 and March 30, 2013 tabular amounts in thousands of dollars The accompanying unaudited interim f

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 March 29, 2014 and March 30, 2013 tabular amounts in thousands of dollars 4. Property, plant and equipment The

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 March 29, 2014 and March 30, 2013 tabular amounts in thousands of dollars 7. b Share capital continued Stock o

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 March 29, 2014 and March 30, 2013 tabular amounts in thousands of dollars Transactions with key management pers

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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