Sensata Technologies B.V. Announces First Quarter 2009 Results

- First quarter 2009 net revenue was $239.0 million, which is a decrease of
38.4% from $387.8 million for the same period in 2008.

- First quarter net loss was $10.2 million versus $126.9 million for the same
time period in 2008.

- First quarter 2009 Adjusted EBITDA(1) was $55.8 million, which is a decrease
of 43.3% from $98.5 million for the same period in 2008.

ALMELO, the Netherlands, April 29 /PRNewswire-FirstCall/ -- Sensata
Technologies B.V. announces results of its operations for the first quarter,
2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070227/CLTU192LOGO )

Highlights of the Quarter Ended March 31, 2009

First quarter 2009 net revenue was $239.0 million, a decrease of $148.8
million, or 38.4% from the first quarter of 2008 net revenue of $387.8
million.

First quarter 2009 net loss was $10.2 million versus a net loss of $126.9
million for the same time period in 2008.

First quarter 2009 Adjusted EBITDA(1) was $55.8 million, which is $42.7
million or 43.3% lower than the first quarter 2008 Adjusted EBITDA(1) of $98.5
million.

The last twelve months (LTM) Pro-forma Adjusted EBITDA(2) was $333.6 million
for the period ended March 31, 2009 and $394.2 million for the period ended
March 31, 2008.

Quarter ending cash balances grew to $180.3 million from $77.7 million at
December 31, 2008 and from $83.6 million at March 31, 2008.

Tom Wroe, Chairman and Chief Executive Officer, said, "The market conditions
in which we operate have continued to decline. All signs during the first
quarter of 2009 continue to point towards a very deep and prolonged recession.
As a result, we took additional actions during the quarter to align our cost
structure with a new lower net revenue run rate while maintaining focus on
margin preservation."

Jeff Cote, Chief Financial Officer added, "Although results in the first
quarter continued to deteriorate, they were in line with our expectations. We
continue to have strong cash flow which gives us flexibility to manage our
capital structure as evidenced by the successful tender offer for our senior
and senior subordinated notes during the first quarter."

(1)(2) See Non-GAAP Measures for discussion of EBITDA, Adjusted EBITDA and
Pro-forma Adjusted EBITDA, including a reconciliation of these measures to
GAAP net loss.

Recent Developments

On April 2, 2009, the Company announced the sale of its Vision business to
Belgian semiconductor specialist, Melexis Tessenderlo N.V. The deal is
expected to close during the second quarter and the actual sales price is
contingent on the future sales of product through this business.

On March 3, 2009, the Company announced the commencement of two separate cash
tender offers for its Senior and Senior Subordinated Notes. The results of
the tender offers were announced on March 31, 2009 and resulted in the Company
reducing its debt by approximately $168 million. The amounts were settled on
April 1, 2009 and as a result will be included in the second quarter financial
statements.

Company Earnings Conference Call

The Company will conduct a conference call on Wednesday, April 29, 2009 at
11:00 AM eastern time to discuss the financial results for its first quarter
2009. The U.S. dial in number is 877-681-3377 and the non-U.S. number is
719-325-4782. The passcode is 1149854. For those unable to participate in
the conference call, a replay will be available for one week following the
call. To access the replay, the U.S. dial in number 888-203-1112 and the
non-U.S. dial in number is 719-457-0820. The replay passcode is 1149854. The
replay will also be available for one year on our website,
http://www.sensata.com.

About Sensata Technologies B.V.

On April 27, 2006, Sensata Technologies B.V., a company owned by an affiliate
of Bain Capital Partners, LLC, a leading global private investment firm,
completed the acquisition of the Sensors & Controls business of Texas
Instruments Incorporated.

Sensata is a leading designer and manufacturer of sensors and controls in each
of the key applications in which it competes. Sensata has business and
product development centers in the United States, the Netherlands and Japan;
and manufacturing operations in Brazil, China, South Korea, Malaysia, Mexico,
and the Dominican Republic, as well as sales offices around the world.
Sensata employs approximately 9,000 people worldwide.

Safe Harbor Statement

This earnings release and our statements on our earnings calls contain
forward-looking statements, which may involve risks or uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements. Factors that might cause these differences
include, but are not limited to: conditions in the automotive industry have
had and may continue to have adverse effects on our business; changes in
general economic conditions; the loss of one or more of our suppliers of raw
materials; non-performance by our suppliers; and our failure to comply with
the covenants contained in the credit agreement governing our Senior Secured
Credit facility or our other debt agreements. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak to
results only as of the date the statements were made; and we undertake no
obligation to publicly update or revise any forward-looking statements,
whether to reflect any future events or circumstances or otherwise. For a
discussion of potential risks and uncertainties, please refer to the risk
factors listed in our SEC filings. Copies of our filings are available from
our Investor Relations department or from the SEC website, www.sec.gov.

Non-GAAP Measures

EBITDA, Adjusted EBITDA and Pro-forma Adjusted EBITDA are non-GAAP financial
measures. Pro-forma Adjusted EBITDA is a required measure in our bank
reporting. We define EBITDA as earnings before interest, taxes, depreciation
and amortization. We calculate Adjusted EBITDA by adjusting EBITDA to exclude
non-cash expenses, one-time charges associated with becoming a stand-alone
company and one time charges associated with becoming an SEC registrant,
expenses incurred in connection with acquisitions, and other significant
non-recurring items. We further adjust Adjusted EBITDA for pro-forma
synergies and pro-forma adjustments for discontinued business. We believe
Pro-forma Adjusted EBITDA provides investors with helpful information with
respect to our operations. This also provides a comparative metric to
management and investors that is consistent across companies with different
capital structures and depreciation policies. See the table below which
reconciles net loss to EBITDA, Adjusted EBITDA and Pro-forma Adjusted EBITDA.

The following (unaudited) table reconciles net loss to EBITDA, Adjusted EBITDA
and Pro-forma Adjusted EBITDA for first quarter 2009 and 2008:

($in 000s) Three Months Three Months
Ended Ended
March 31, 2009 March 31, 2008

Net loss $(10,185) $(126,888)
Provision for income taxes 7,641 15,890
Interest expense, net 42,160 50,803
Depreciation and amortization 49,876 52,345
EBITDA 89,492 (7,850)
Acquisition integration and
financing costs, significant
non-recurring items and other 5,311 21,558
Impairment of goodwill and
intangible assets 19,867 -
Restructuring associated
with downsizing 9,523 -
Currency translation (gain)/loss
on debt (68,955) 84,334
Stock compensation, Management
fees and other 573 502
Adjusted EBITDA(1) $55,811 $98,544

LTM Adjusted EBITDA(1) before
Pro-forma adjustments $305,635 $372,490
Pro-forma acquisition synergies 17,599 21,671
Pro-forma adjustment for
discontinued operations 10,359 -
LTM Pro-forma Adjusted EBITDA(2) $333,593 $394,161

(1)(2) See Non-GAAP measures for discussion of EBITDA, Adjusted EBITDA and
Pro-forma Adjusted EBITDA.

SENSATA TECHNOLOGIES B.V.
Condensed Consolidated Statement of Operations
(Unaudited)
($in 000s)
Three Months Three Months
Ended Ended
March 31, March 31,
2009 2008
Net revenue $239,016 $387,844
Operating costs and expenses:
Cost of revenue 161,344 269,916
Research and development 5,163 10,802
Selling, general and administrative 70,418 83,289
Impairment of goodwill and intangible
assets 19,867 -
Restructuring 11,488 310
Total operating costs and expenses 268,280 364,317
(Loss)/profit from operations (29,264) 23,527
Interest expense, net (42,160) (50,803)
Currency translation gain/(loss) and
other, net 69,141 (80,217)
Loss from continuing operations before taxes (2,283) (107,493)
Provision for income taxes 7,641 15,890
Loss from continuing operations $(9,924) $(123,383)
Loss from discontinued operations, net of
taxes (261) (3,505)
Net loss $(10,185) $(126,888)

* Certain amounts in the prior period have been re-classified to allow
comparison to current year.

SENSATA TECHNOLOGIES B.V.

Notes to (unaudited) Condensed Consolidated Statement of Operations

Basis of Presentation

The accompanying (unaudited) Condensed Consolidated Statement of Operations
does not include all of the information and note disclosures required by
accounting principles generally accepted in the United States of America for
complete financial statements. The accompanying financial information reflects
all normal recurring adjustments which are, in the opinion of management,
necessary for a fair presentation of the results of our operations for the
interim periods presented. This information should be read in conjunction with
the consolidated and combined financial statements and notes thereto included
in the Company's Annual Report on Form 10-K for the year ended December 31,
2008 and the interim financial statements to be included in the Company's Form
10-Q for the period ended March 31, 2009.

U.S. GAAP requires management to make estimates and assumptions that affect
the amounts reported in the financial statements.

SOURCE Sensata Technologies B.V.

Investors, Patty Campanile, +1-508-236-3147, pcampanile@sensata.com, or News
Media, Linda Megathlin, +1-508-236-1761, lmegathlin@sensata.com, both of
Sensata Technologies B.V.