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Onex Reports First-Quarter 2013 Results

Page 8 of 8

(Unaudited)(in millions of U.S. dollars)                    ElectronicsThree months ended         Manufacturing March 31, 2012                 Services     Aerostructures      Healthcare----------------------------------------------------------------------------Revenues                $          1,691   $          1,266   $       1,209Cost of sales (excluding amortization of property, plant and equipment, intangible assets and deferred charges)                         (1,559)            (1,011)           (841)Operating expenses                   (55)               (54)           (235)Interest income                        -                  -               1Amortization of property, plant and equipment                           (17)               (28)            (32)Amortization of intangible assets and deferred charges                 (3)                (7)            (42)Interest expense of operating companies                  (1)               (18)            (48)Increase in value of investments in joint ventures and associates at fair value, net                            -                  -               -Stock-based compensation expense                (10)                (5)             (3)Other items                            1                  3              (3)Limited Partners' Interests charge                      -                  -               -----------------------------------------------------------------------------Earnings (loss) before income taxes    $             47   $            146   $           6Recovery of (provision for) income taxes                         (4)               (46)              9----------------------------------------------------------------------------Net earnings (loss) for the period         $             43   $            100   $          15--------------------------------------------------------------------------------------------------------------------------------------------------------Net earnings (loss) attributable to:Equity holders of Onex Corporation       $              4   $             16   $           9Non-controlling interests                            39                 84               6----------------------------------------------------------------------------Net earnings (loss) for the period         $             43   $            100   $          15--------------------------------------------------------------------------------------------------------------------------------------------------------Total assets at December 31, 2012      $          2,659   $          5,371   $       3,971----------------------------------------------------------------------------Long-term debt at December 31, 2012(b)   $             55   $          1,133   $       2,540--------------------------------------------------------------------------------------------------------------------------------------------------------(Unaudited)(in millions of U.S. dollars)                                        CustomerThree months ended           Insurance               Care             Metal March 31, 2012               Provider           Services          Services----------------------------------------------------------------------------Revenues              $            293   $            364  $            747Cost of sales (excluding amortization of property, plant and equipment, intangible assets and deferred charges)                         (148)              (233)             (693)Operating expenses                (103)               (93)              (17)Interest income                      -                  -                 -Amortization of property, plant and equipment                          (1)                (6)              (13)Amortization of intangible assets and deferred charges               (4)                (7)               (3)Interest expense of operating companies                (1)               (22)              (21)Increase in value of investments in joint ventures and associates at fair value, net                          -                  -                 -Stock-based compensation expense                -                  -                 -Other items                          6                 (2)                -Limited Partners' Interests charge                    -                  -                 -----------------------------------------------------------------------------Earnings (loss) before income taxes  $             42   $              1  $              -Recovery of (provision for) income taxes                      (16)                (3)                -----------------------------------------------------------------------------Net earnings (loss) for the period       $             26   $             (2) $              ---------------------------------------------------------------------------------------------------------------------------------------------------------                                         `Net earnings (loss) attributable to:Equity holders of Onex Corporation     $             24   $             (1) $              -Non-controlling interests                           2                 (1)                -----------------------------------------------------------------------------Net earnings (loss) for the period       $             26   $             (2) $              ---------------------------------------------------------------------------------------------------------------------------------------------------------Total assets at December 31, 2012    $          4,903   $            632  $            989----------------------------------------------------------------------------Long-term debt at December 31, 2012(b) $            258   $            725  $            306--------------------------------------------------------------------------------------------------------------------------------------------------------(Unaudited)(in millions of U.S. dollars)Three months ended             Building                        Consolidated March 31, 2012                Products          Other(a)             Total----------------------------------------------------------------------------Revenues               $            731  $            516  $          6,817Cost of sales (excluding amortization of property, plant and equipment, intangible assets and deferred charges)                          (609)             (314)           (5,408)Operating expenses                 (114)             (158)             (829)Interest income                       1                 8                10Amortization of property, plant and equipment                          (26)              (17)             (140)Amortization of intangible assets and deferred charges                (4)              (13)              (83)Interest expense of operating companies                (15)              (11)             (137)Increase in value of investments in joint ventures and associates at fair value, net                           -               608               608Stock-based compensation expense                 -               (70)              (88)Other items                         (25)              (27)              (47)Limited Partners' Interests charge                     -              (486)             (486)----------------------------------------------------------------------------Earnings (loss) before income taxes   $            (61) $             36  $            217Recovery of (provision for) income taxes                         2                14               (44)----------------------------------------------------------------------------Net earnings (loss) for the period        $            (59) $             50  $            173--------------------------------------------------------------------------------------------------------------------------------------------------------Net earnings (loss) attributable to:Equity holders of Onex Corporation      $            (41) $             47  $             58Non-controlling interests                          (18)                3               115----------------------------------------------------------------------------Net earnings (loss) for the period        $            (59) $             50  $            173--------------------------------------------------------------------------------------------------------------------------------------------------------Total assets at December 31, 2012     $          2,626  $         15,151  $         36,302----------------------------------------------------------------------------Long-term debt at December 31, 2012(b)  $            547  $          4,906  $         10,470--------------------------------------------------------------------------------------------------------------------------------------------------------(a)  Includes Tropicana Las Vegas, ONCAP II, ONCAP III, Flushing Town     Center, OCP CLO-1 and the parent company. Investments in joint ventures     and associates recorded at fair value include Allison Transmission,     Hawker Beechcraft, RSI (sold in February 2013), Tomkins, Cypress and     certain Onex Real Estate investments.(b)  Long-term debt includes current portion, excludes finance leases and is     net of financing charges.




Contacts:
Onex Corporation
Emma Thompson
Vice President, Investor Relations
416.362.7711
www.onex.com





Source: Marketwire


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