Exhibit 1 Consolidated Balance Sheet, 2001-2010 (U.S.

$ millions)
2001 2002 2003 2004 2005 2006
Cash and short-term investment 632 980 984 1,776 1,727 1,565
Accounts receivable 239 398 423 490 496 577
Inventory 208 516 493 511 576 765
Prepaid expenses and other current assets 26 43 90 93 87 81
Current assets 1,105 1,937 1,990 2,870 2,886 2,988

Net PP&E 1,611 2,039 2,489 2,891 3,240 4,164

Investments and other assets 556 830 623 478 544 706
Total assets 3,272 4,806 5,102 6,239 6,670 7,858

Accounts payable 227 443 503 694 828 996

Bank borrowings 544 822 1,035 1,279 1,390 1,890
Long-term debt, current portion 101 122 120 204 209 229
Current Liabilities 872 1,387 1,658 2,177 2,427 3,115

Long-term debt 445 1,340 1,350 1,970 1,965 2,288

Deferred taxes 91 54 32 35 70 130
Minority interest in subsidiaries – – – – – –
Total liabilities 1,408 2,781 3,040 4,182 4,462 5,533

Shareholders 'equity 1,864 2,025 2,062 2,057 2,208 2,325

Total liabilities and equity 3,272 4,806 5,102 6,239 6,670 7,858
Number of common shares (millions) 183.2 194.1 196.1 196.2 201.1 201.1
Share price (end of year) 12.01 14.08 16.32 19.09 22.03 31.36
Total debt 1,090 2,284 2,505 3,453 3,564 4,407
Market value of equity 2,200 2,733 3,200 3,744 4,429 6,306
Enterprise value* 3,290 5,017 5,705 7,197 7,993 10,713
Debt to total capital (book value) 37% 53% 55% 63% 62% 65%
Debt to enterprise value (market value) 33% 46% 44% 48% 45% 41%
A/R % sales 12% 16% 14% 11% 11% 11%
Inventory % sales 10% 20% 16% 12% 13% 14%
Payable % COGS 15% 24% 22% 21% 25% 25%
Average collection period (days)* 46 48 39 41 36
Inventory conversion period (days)* 71 81 57 60 61
Payable deferral period (days)* 66 76 68 84 83
Cash conversion cycle (days)* 51 53 28 17 14
Enterprise value = Total debt + Market value of equity
Average collection period = 365*(Average of Accounts Receivable for Preceding and Current Year)/Net Sales for Current Year
Inventory conversion period = 365*(Average of Accounts Receivable for Preceding and Current Year)/COGS for Current Year
Payable Deferral Period = 365*(Average of Accounts Payable for Preceding and Current Year)/COGS for Current year
Cash conversion cycle = Average Collection Period + Inventory Conversion Period - Payable Deferral Period
 2007 2008 2009 2010
1,098 687 624 433
682 920 1,008 885
912 1,257 1,156 972
129 570 471 447
2,821 3,434 3,259 2,737

5,591 5,653 4,694 4,178

986 747 447 426
9,398 9,834 8,400 7,341

1,121 1,179 980 785

3,298 3,830 3,884 3,436
230 482 193 194
4,649 5,491 5,057 4,415

2,268 2,241 1,920 1,902

165 53 (155) (288)
8 26 36 45
7,090 7,811 6,858 6,074

2,308 2,023 1,542 1,267

9,398 9,834 8,400 7,341
198.4 198.5 200.2 206.5
31.08 9.11 5.71 2.63
5,796 6,553 5,997 5,532
6,165 1,808 1,143 542
11,961 8,361 7,140 6,074
72% 76% 80% 81%
48% 78% 84% 91%
10% 13% 17% 16%
14% 17% 19% 17%
23% 21% 21% 18%
35 41 58 62
63 72 96 91
80 76 86 76
19 36 69 78
Exhibit 2 Consolidated Income Statements, 2001-2010 (U.S. $ millions)
2001 2002 2003 2004 2005 2006 2007
Net sales 2,033 2,531 3,105 4,321 4,438 5,459 6,510
COGS 1,504 1,858 2,282 3,232 3,311 4,012 4,830
Gross profit 529 673 823 1,089 1,127 1,447 1,680

SG&A expense 234 254 319 403 442 614 795

Depreciation and amortization 87 177 214 274 260 275 329
R&D expense 30 38 48 64 68 92 120
Interest expense 38 55 111 118 157 163 210
Exchange adjustments – – – (120) – – –
Pretax income (loss) 140 149 131 110 200 303 226

Income taxes 49 52 46 38 70 106 79

Minority interest – – – – – – –
Net income 91 97 85 72 130 197 147

Number of common shares (millions) 183.2 194.1 196.1 196.2 201.1 201.1 198.4
Market cap 2,200 2,733 3,200 3,744 4,429 6,306 6,165
Earnings per share 0.50 0.50 0.43 0.37 0.65 0.98 0.74
Cash dividend per share 0.4 0.4 0.4 0.4 0.4 0.4 0.4
Share price 12.01 14.08 16.32 19.09 22.03 31.36 31.08

Gross margin 26% 27% 27% 25% 25% 27% 26%

Operating margin 9% 8% 8% 5% 8% 9% 7%
Net margin 4% 4% 3% 2% 3% 4% 2%
ROA 3% 2% 2% 1% 2% 3% 2%
ROE 5% 5% 4% 4% 6% 8% 6%
Revenue growth 24% 23% 39% 3% 23% 19%
EBITDA growth 44% 20% 36% -1% 20% 3%
Interest coverage ratio* 4.68 3.71 2.18 1.93 2.27 2.86 2.08

*Interest coverage = (Gross Profit - SG&A Expense - Depreciation and Amortization - R&D Expense)/Interest Expense
 2008 2009 2010
7,205 6,015 5,575
5,497 4,601 4,259
1,708 1,414 1,316

1,189 961 736

470 401 385
144 117 121
283 380 398
180 (130) (40)
(198) (575) (364)

(69) (201) (128)

80 100 64
(209) (474) (300)

198.5 200.2 206.5

1,808 1,143 542
(1.05) (2.37) (1.45)
0.4 0.1 0.0
9.11 5.71 2.63

24% 24% 24%

1% -3% 1%
-3% -8% -5%
-2% -6% -4%
-10% -31% -24%
11% -17% -7%
-51% -10% 37%
0.30 -0.51 0.09
Exhibit 3 Consolidated Statement of Cash Flows, 2001-2010 (U.S. $ millions)
2001 2002 2003 2004 2005 2006
Operating Activities
Net income 91 97 85 71 130 197
Depreciation and amortization 87 177 214 274 260 275
Less: increase (decrease) in accounts receivable 80 159 25 67 6 81
Less: increase (decrease) in inventory 209 308 (23) 18 65 189
Less: increase (decrease) in prepaid expenses 20 17 47 3 (6) (6)
Add: increase (decrease) in accounts payable 140 216 60 191 134 168
Add: deferred tax liability 91 (37) (22) 3 35 60
Add: increase (decrease) in minority interest – – – – – –
Operating activities - net cash flow 100 (31) 288 451 494 436

Investing Activities
Less: net increase in investment 60 274 (207) (145) 66 162
Less: capex (net of sale of PP&E) 831 605 664 676 609 1,199
Investing activities - net cash flow (891) (879) (457) (531) (675) (1,361)

Financing Activities
Add: changes in bank borrowings 23 278 213 244 111 500
Add: changes in current debt 40 21 (2) 84 5 20
Add: long-term debt net issuance 148 895 10 620 (5) 323
Add: sale of common stocks 165 142 30 2 101 –
Less: cash dividend 73 78 78 78 80 80
Financing activities - net cash flow 303 1,258 173 872 132 763

Beginning cash 1,120 632 980 984 1,776 1,727

Change in cash (488) 348 4 792 (49) (162)
Ending cash 632 980 984 1,776 1,727 1,565
 2007 2008 2009 2010

146 (208) (474) (301)

329 470 401 385
105 238 88 (123)
147 345 (101) (184)
48 441 (99) (24)
125 58 (199) (195)
35 (112) (208) (133)
8 18 10 9
343 (798) (358) 96

280 (239) (300) (21)

1,756 532 (558) (131)
(2,036) (293) 858 152

1,408 532 54 (448)

1 252 (289) 1
(20) (27) (321) (18)
(84) 2 13 26
79 79 20 –
1,226 680 (563) (439)

1,565 1,098 687 624

(467) (411) (63) (191)
1,098 687 624 433
Exhibit 4 Geographic Segments of Paramount as of 2010 (U.S. $ millions)
2010 Sales 2010 Production
Cranes and compact
Amount % construction equipment Aerial work platforms
North America 2,119 38% 36% 28%
United States 1,561 28% 10% 0%
Canada 335 6% 26% 28%
Mexico 223 4% 0% 0%

Europe 1,450 26% 32% 40%

Germany 446 8% 12% 22%
France 279 5% 0% 18%
U.K. 223 4% 8% 0%
Italy 167 3% 0% 0%
Russia 167 3% 4% 0%
Othersa 167 3% 8% 0%

East and South Asia 1,282 23% 32% 32%

China 613 11% 28% 16%
India 279 5% 0% 6%
South Korea 167 3% 4% 10%
Othersb 223 4% 0% 0%

Middle East 725 13% 0% 0%

Saudi Arabia 335 6% 0% 0%
UAE 167 3% 0% 0%
Othersc 223 4% 0% 0%

Total 5,575 100% 100% 100%

a
Other countries in Europe include Belgium, Netherlands, Luxembourg, Czech Republic, Ukraine, Poland, Belarus, Croatia, Serbia, Slovakia and Hungary.
b
Other countries in Asia include Bangladesh, Pakistan, Malaysia, Indonesia, and Singapore.
c
Other countries in Asia include Oman, Qatar, Kuwait and Yemen.
ion

Foodservice equipment
26%
18%
8%
0%

29%
0%
21%
0%
8%
0%
0%

45%
32%
8%
0%
5%

0%
0%
0%
0%

100%

arus, Croatia, Serbia, Slovakia and Hungary.

Exhibit 5 Comparative Data on Construction Equipment and Foodservice Equipment Producers, 2006-2010 (U.S. $ millions)
2006 2007 2008 2009 2010
Paramount Equipment Inc.
Net sales 5,459 6,510 7,205 6,015 5,575
Operating profit 466 436 85 (195) 34
Net income 197 147 (209) (474) (300)
Assets 7,858 9,398 9,834 8,400 7,341
Short-term debt 2,119 3,528 4,312 4,077 3,630
Long-term debt 2,288 2,268 2,241 1,920 1,902
Total liabilities 5,533 7,090 7,811 6,858 6,074
Shareholders 'equity 2,325 2,308 2,023 1,542 1,267
Capex (net of sale of PP&E)/assets 0.15 0.19 0.05 -0.07 -0.02
Operating margin 0.09 0.07 0.01 -0.03 0.01
Profit margin 0.04 0.02 -0.03 -0.08 -0.05
Sales/assets 0.69 0.69 0.73 0.72 0.76
STD/assets 0.27 0.38 0.44 0.49 0.49
Total debt/assets 0.56 0.62 0.67 0.71 0.75
Interest coverage 2.86 2.08 0.30 -0.51 0.09

T-Rex Limited
Net sales 71,513 63,798 77,814 52,113 57,345
Operating profit 10,342 9,094 7,690 3,936 652
Net income 6,156 5,403 4,325 1,484 (304)
Assets 45,079 44,504 55,189 40,855 52,576
Short-term debt 230 232 2,527 1,246 1,223
Long-term debt 14,820 18,611 24,389 20,908 20,908
Total liabilities 26,648 30,422 38,281 27,190 31,430
Shareholders 'equity 18,431 14,082 16,908 13,695 21,146
Capex (net of sale of PP&E)/assets 0.05 0.05 -0.02 -0.03 0.03
Operating margin 0.14 0.14 0.10 0.08 0.01
Profit margin 0.09 0.08 0.06 0.03 -0.01
Sales/assets 1.59 1.43 1.41 1.28 1.09
STD/assets 0.01 0.01 0.05 0.03 0.02
Total debt/assets 0.33 0.42 0.49 0.54 0.42
Interest coverage 11.87 11.62 7.42 2.63 0.51

McKale Foodservice Equipment Corp.

Net sales 819 911 1,081 1,083 1,282
Operating profit 166 222 246 297 300
Net income 85 114 123 144 155
Assets 2,289 2,757 3,256 3,118 3,132
Short-term debt 317 507 593 549 507
Long-term debt 618 612 605 518 514
Total liabilities 1,601 1,854 2,282 2,034 1,826
Shareholders 'equity 688 903 974 1,084 1,306
Capex (net of sale of PP&E)/assets 0.10 0.13 0.03 -0.04 -0.01
Operating margin 0.20 0.24 0.23 0.27 0.23
Profit margin 0.10 0.13 0.11 0.13 0.12
Sales/assets 0.36 0.33 0.33 0.35 0.41
STD/assets 0.14 0.18 0.18 0.18 0.16
Total debt/assets 0.41 0.41 0.37 0.34 0.33
Interest coverage 4.61 4.81 4.34 4.32 4.38
Exhibit 6 Short-Term Loans by Banks as of December 31, 2010 (U.S. $ millions)
North America Europe Asia

List of banks U.S. Canada UK Germany France Italy Luxembourg China

Bank of America 237.9
Citibank 166.3
TD Canada Trust 493.6
Royal Bank of Canada 306.1
Barclays Plc 78.4 66.0
Deutsche Bank AG 158.8 61.1
Commerzbank AG 117.0
BNP Paribas 62.1 66.4 57.6
Credit Suisse Group 86.3 25.0 13.3 24.6
ICBC 226.2
China Construction Bank 185.5
HSBC Holdings 65.4 212.0
HDFC Bank Limited
Woori Bank
Abu Dhabi Commercial Bank
Emirates NBD
Others 16.5 18.7 11.1 16.4 11.9 7.6 9.4 39.5

Total 572.4 818.4 114.5 420.3 91.6 68.7 91.6 663.2

Asia Other Total
South
India Korea
237.9
27.8 194.1
493.6
306.1
13.0 157.4
13.7 233.6
117.0
186.1
31.1 180.3
226.2
185.5
23.9 42.0 343.3
179.6 179.6
171.0 171.0
19.0 19.0
10.0 10.0
3.6 11.2 49.5 195.3

183.2 206.1 206.1 3,436.0

Exhibit 7 Long-Term Debt Outstanding as of December 31, 2010 (U.S. $ millions)
Syndicated loans, bonds, notes, and debentures by seniority Amount

Syndicated bank loans

Paramount Equipment Holdings (China): bank loans (CHIBOR+3%) maturing 2011-2014 148
Paramount Equipment S.p.A. (Italy): bank loans (5.5%) maturing 2011-2013 92
Loans syndicated by several banks in London (LIBOR+2.8%) maturing 2011-2013 80

Senior secured bonds and notes

Paramount Equipment AG (Germany): 3.8% secured bonds due 2017 320
Paramount Equipment Inc. (U.S.): 4.2% secured notes due 2022 220

Senior unsecured bonds and notes

Paramount Equipment Inc. (U.S.): floating rate senior notes due 2019 180
Paramount Equipment Holdings (South Korea): 7.5% senior bonds due 2017 168
Paramount Equipment S.A. (France): 4.5% senior notes due 2014 147
Paramount Equipment S.A. (France): 4.1% senior bonds due 2011 129

Subordinated debentures
Paramount Equipment Ltd. (Canada): 7.9% subordinated debentures due 2012 258
Paramount Equipment Inc. (U.S.): 7.25% subordinated notes due 2016 134

Convertible subordinated notes

Paramount Equipment Inc. (U.S.): 6.75% convertible subordinated notes due 2016 220

Total long-term debt 2,096

2,096