1	XP Power - 2008 Results
2	Agenda 1. The Company and its Markets 2. Product development 3. Financials Outlook and Summary
3	1. The Company and its Markets
4	Introduction to XP Power One of the world’s leading developers and manufacturers of mission critical power control solutions Supplies industrial, healthcare and technology sectors Blue chip client list Zero exposure to consumer products Historic and ongoing investment in R&D has built a market leading product portfolio Focus on higher margin own IP sales Significant manufacturing capacity established – ongoing investment will increase capacity by 400% Network of 27 offices (and 19 distributors) across North America, Europe and Asia
5	Market Size and Share
6	Blue Chip Customer Base
7	Growth Drivers Penetration - The Blue Chip customer base provides good opportunities to win new product programs from their multiple engineering teams Healthcare - Global population growth and ageing is increasing the demand for medical equipment which is electrically safe for the users Efficiency - Legislation for our customers’ products to consume less energy and reduce harmful environmental impacts, drives the need to develop more efficient power controllers Innovation - The competitive needs of our customers to offer products giving the users increased productivity and functionality create fresh opportunities for our products New Products – Customers’ diverse product requirements provide opportunities for XP to enter new niches
8	Industry Consolidation XP Power operates in a $2 Billion sector of the power control market. The No. 1 competitor (Lambda) was acquired by TDK of Japan. The No. 3 competitor (Cherokee) was recently acquired by private equity (Gores Corp). The No. 4 competitor (Astec) is owned by Emerson who have been a serial acquirer in other sectors of the power control market. Three of the remaining top 30 competitors have been sold in the past 12 months. XP Power has been an active acquirer since 2000 – investing more than £40 Million on 13 acquisitions. The current share price negates further acquisitions.
9	2. Product Development
10	New Products Pipeline Driven by sales experts collecting intelligence from: Pending legislation Global sales offices Industry directors Huge customer database which records all projects
11	Our Product Development Resources
12	Product Development
13	Product Examples
14	Own IP Revenues Drive Gross Margin Increase
15	Kunshan – New Factory
16	3. Financials
17	2008 Financial Highlights – record results Own IP revenue £53.9M + 11% Gross margin 44.2% +5% Earnings per share* 34.8 pence +11% Operating cash flow +23% Dividend 21p per share +5%
18	Currency Movements
19	Income and Expenditure Statement
20	Summary Balance Sheets
21	Cash Flow Statements
22	Dividend History
23	4. Outlook
24	Revenue Outlook
25	Gross Margin Outlook
26	Expenses Outlook
27	Summary Exploit market leading sales resource Increase pace of new product releases Improve penetration of top accounts utilising new production facility Improve the massively undervalued share price
28	"www.xppower.com" www.xppower.com