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Sensata Technologies Holding N.V. Announces Fourth Quarter and Full Year 2010 Results

Netherlands Jan. 24, 2011 December 31, 2010

http://photos.prnewswire.com/prnh/20070227/CLTU192LOGO

December 31, 2010

$387.8 million $49.8 million $338.1 million $68.6 million $0.38 $13.9 million $0.10 $80.6 million $0.45 $50.3 million $0.34

December 31, 2010 $1,540.1 million $405.1 million $1,134.9 million $130.1 million $0.75 $27.7 million $(0.19) December 31, 2009 $306.4 million $1.77 $124.1 million $0.86

Tom Wroe

$22.2 million

December 31, 2010 $493.7 million $98.4 million $17.8 million $10.2 million

September 30, 2010

$2.3 million $4.9 million $2.6 million $18.5 million Japan

December 31, 2010 $1.9 billion $1.4 billion December 31, 2010

Jeff Cote

Guidance

$1.70 to $1.74 billion $1.54 billion $50 million $0.92 to $1.02 $372 to $390 million $2.05 to $2.15

$410 to $430 million $377.1 million $30 million $36 to $43 million $0.20 – $0.24 $87 million to $94 million $0.48 – $0.52

$10 to $11 million

The earnings per share guidance in accordance with U.S. generally accepted accounting principles ("GAAP") excludes any potential gain or loss resulting from the movement of the Euro to U.S. dollar exchange rate and the impact on our Euro denominated debt.

(1) See Non-GAAP Measures for discussion of Adjusted Net Income which includes a reconciliation of this measure to Net Income/(Loss).

(2) Net debt represents total indebtedness including capital lease and other financing obligations, less cash and cash equivalents.  The leverage ratio represents net debt divided by Adjusted EBITDA for the last twelve months.

Company Earnings Conference Call

8:00 AM eastern time December 31, 2010 http://investors.sensata.com

http://investors.sensata.com

About Sensata Technologies Holding N.V.

www.sensata.com

Safe Harbor Statement

www.sec.gov

SENSATA TECHNOLOGIES HOLDING N.V.

Condensed Consolidated Statements of Operations

(Unaudited)

($ in 000s)

Three Months Ended

December 31,

Full Year Ended

December 31,

2010

2009

2010

2009

Net revenue

$387,842

$338,089

$1,540,079

$1,134,944

Operating costs and expenses:  

Cost of revenue

236,051

220,926

948,070

742,080

Research and development

7,411

4,104

24,664

16,796

Selling, general and administrative

38,610

31,651

194,623

126,952

Amortization of intangible assets and capitalized software

36,205

38,021

144,514

153,081

Impairment of goodwill and intangible assets

19,867

Restructuring

(334)

53

(138)

18,086

Total operating costs and expenses

317,943

294,755

1,311,733

1,076,862

Profit from operations

69,899

43,334

228,346

58,082

Interest expense, net

(23,844)

(35,114)

(105,380)

(150,016)

Currency translation gain and other, net

24,863

13,594

45,388

107,695

Income from continuing operations before taxes

70,918

21,814

168,354

15,761

Provision for income taxes

2,308

7,882

38,304

43,047

Income / (loss) from continuing operations, net of taxes

68,610

13,932

130,050

(27,286)

Loss from discontinued operations, net of taxes

(395)

Net income / (loss)

$68,610

$13,932

$130,050

$(27,681)

Net income / (loss) per share:

    Basic

$0.40

$0.10

$0.78

$(0.19)

    Diluted

$0.38

$0.10

$0.75

$(0.19)

Weighed average shares outstanding

    Basic

172,745

144,057

166,278

144,057

    Diluted

179,830

146,317

172,946

144,057

SENSATA TECHNOLOGIES HOLDING N.V.

Condensed Consolidated Balance Sheets

(Unaudited)

($ in 000s)

December 31,

2010

December 31,

2009

Assets

Current assets:

    Cash and cash equivalents

$  493,662

$  148,468

    Accounts receivable, net of allowances

198,245

180,839

    Inventories

140,949

125,375

    Deferred income tax assets

6,566

12,419

    Prepaid expenses and other current assets

25,006

19,627

    Assets held for sale

559

559

    Total current assets

864,987

487,287

Property, plant and equipment, net

234,813

219,617

Goodwill

1,528,954

1,530,570

Other intangible assets, net

723,144

865,531

Deferred income tax asset

4,526

5,543

Deferred financing costs

25,742

41,147

Other assets

5,831

17,175

Total assets

$  3,387,997

$  3,166,870

Liabilities and shareholders’ equity

Current liabilities:

    Current portion of long-term debt, capital lease and

         other financing obligations

$  16,779

$  17,139

    Accounts payable

132,828

122,834

    Income taxes payable

6,855

8,384

    Accrued expenses and other current liabilities

94,030

92,341

    Deferred income tax liabilities

4,608

823

    Total current liabilities

255,100

241,521

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