<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>6
<FILENAME>a2091482zex-99_4.txt
<DESCRIPTION>EXHIBIT 99.4
<TEXT>
<Page>


                                                                    EXHIBIT 99.4



                                 CELESTICA INC.

                           CONSOLIDATED BALANCE SHEETS
                          (IN MILLIONS OF U.S. DOLLARS)
                                   (UNAUDITED)



<Table>
<Caption>

                                                     DECEMBER 31      SEPTEMBER 30
                                                        2001              2002
                                                  --------------    ---------------
<S>                                               <C>               <C>
ASSETS
Current assets:
  Cash and short-term investments.................$       1,342.8   $       1,848.3
  Accounts receivable ............................        1,054.1             924.0
  Inventories ....................................        1,372.7             945.8
  Prepaid and other assets........................          177.3             142.8
  Deferred income taxes...........................           49.7              56.5
                                                  ---------------   ---------------
                                                          3,996.6           3,917.4
Capital assets ...................................          915.1             831.4
Goodwill on business combinations (note 2)........        1,128.8           1,155.1
Other intangible assets (note 2)..................          427.2             355.5
Other assets .....................................          165.2             232.3
                                                  ---------------   ---------------
                                                  $       6,632.9   $       6,491.7
                                                  ===============   ===============

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
  Accounts payable................................$       1,198.3   $       1,137.6
  Accrued liabilities.............................          405.7             471.4
  Income taxes payable............................           21.0              18.2
  Deferred income taxes...........................           21.8              22.1
  Current portion of long-term debt ..............           10.0               2.7
                                                  ---------------   ---------------
                                                          1,656.8           1,652.0
Long-term debt (note 4)...........................          137.4               5.2
Accrued post-retirement benefits .................           47.3              75.5
Deferred income taxes.............................           41.5              52.9
Other long-term liabilities.......................            4.3               4.9
                                                   --------------    --------------
                                                          1,887.3           1,790.5
Shareholders' equity:
  Convertible debt (note 5).......................          886.8             853.7
  Capital stock (note 6)..........................        3,699.0           3,687.4
  Contributed surplus.............................             -                2.8
  Retained earnings...............................          162.7             141.9
  Foreign currency translation adjustment.........           (2.9)             15.4
                                                   ---------------   --------------
                                                          4,745.6           4,701.2
                                                   --------------    --------------
                                                  $       6,632.9   $       6,491.7
                                                  ===============   ===============
</Table>


          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

    THESE INTERIM FINANCIAL STATEMENTS SHOULD BE READ IN CONJUNCTION WITH THE
                   ANNUAL CONSOLIDATED FINANCIAL STATEMENTS.


<Page>


                                       2


                                 CELESTICA INC.

        CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) AND RETAINED EARNINGS
             (IN MILLIONS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


<Table>
<Caption>

                                                                         THREE MONTHS ENDED              NINE MONTHS ENDED
                                                                            SEPTEMBER 30                    SEPTEMBER 30
                                                                          2001           2002            2001            2002
                                                                    -------------- --------------  --------------  ------------
<S>                                                                   <C>            <C>              <C>             <C>
Revenue........................................................       $    2,203.0   $    1,958.9     $ 7,556.2       $ 6,359.6
Cost of sales..................................................            2,053.5        1,827.6       7,021.2         5,914.1
                                                                      ------------   ------------     ---------       ---------
Gross profit...................................................              149.5          131.3         535.0           445.5
Selling, general and administrative expenses ..................               79.4           73.2         254.8           230.0
Amortization of goodwill and other intangible assets (note 2)..               32.2           29.0          89.9            72.7
Integration costs related to acquisitions .....................               10.0            3.0          20.1            17.1
Other charges (note 7).........................................               79.6          136.4         136.6           136.4
                                                                      ------------   -----------      ---------       ---------
Operating income (loss)........................................              (51.7)        (110.3)         33.6           (10.7)
Interest on long-term debt.....................................                4.4            3.5          13.9            14.5
Interest income, net...........................................               (9.5)          (4.6)        (24.9)          (12.5)
                                                                      -------------  -------------    ----------      ----------
Earnings (loss) before income taxes............................              (46.6)        (109.2)         44.6           (12.7)
                                                                      -------------  -------------    ---------       ----------
Income taxes:
  Current .....................................................               (4.0)          (6.7)         15.3            12.4
  Deferred (recovery)..........................................               (3.9)         (11.9)         (2.7)          (14.6)
                                                                      -------------  -------------    ----------      ----------
                                                                              (7.9)         (18.6)         12.6            (2.2)
                                                                      -------------  -------------    ---------       ----------
Net earnings (loss) for the period.............................              (38.7)         (90.6)         32.0           (10.5)

Retained earnings, beginning of period.........................              281.1          234.2         217.5           162.7
Convertible debt accretion, net of tax.........................               (3.8)          (4.6)        (10.9)          (13.2)
Gain on repurchase of convertible debt (note 5)................                 -             4.3             -             4.3
Loss on repurchase of capital stock (note 6)...................                 -            (1.4)            -            (1.4)
                                                                      -----------    -------------   ----------      ----------
Retained earnings, end of period...............................       $      238.6   $      141.9    $    238.6      $    141.9
                                                                      ============   ============    ==========      ==========

Basic earnings (loss) per share (note 9).......................       $     (0.20)   $     (0.40)    $     0.10      $    (0.09)

Diluted earnings (loss) per share (note 9).....................       $     (0.20)   $     (0.40)    $     0.10      $    (0.09)

Weighted average number of shares outstanding:
   - basic (in millions).......................................              218.1          230.1         208.0           230.0
   - diluted (in millions) (note 9)............................              218.1          230.1         226.6           230.0
</Table>




          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
    THESE INTERIM FINANCIAL STATEMENTS SHOULD BE READ IN CONJUNCTION WITH THE
                    ANNUAL CONSOLIDATED FINANCIAL STATEMENTS.


<Page>


                                       3



                                 CELESTICA INC.

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                          (IN MILLIONS OF U.S. DOLLARS)
                                   (UNAUDITED)

<Table>
<Caption>


                                                                  THREE MONTHS ENDED             NINE MONTHS ENDED
                                                                     SEPTEMBER 30                  SEPTEMBER 30
                                                                2001            2002            2001            2002
                                                           --------------  -------------- --------------  --------------
<S>                                                          <C>             <C>            <C>             <C>
CASH PROVIDED BY (USED IN):
OPERATIONS:
Net earnings (loss) for the period ....................      $     (38.7)    $     (90.6)   $      32.0     $     (10.5)
Items not affecting cash:
  Depreciation and amortization........................             84.3            82.7          225.3           239.2
  Deferred income taxes................................             (3.9)          (11.9)          (2.7)          (14.6)
  Other charges........................................             58.7            79.2           75.9            79.2
  Other................................................              2.2            (2.0)           3.5             2.2
                                                             -----------     ------------   -----------     -----------
Cash from earnings.....................................            102.6            57.4          334.0           295.5
                                                             -----------     -----------    -----------     -----------
Changes in non-cash working capital items:
  Accounts receivable..................................            324.9           178.9          498.7           159.3
  Inventories..........................................            270.5           171.8          447.2           452.5
  Other assets.........................................            (10.8)           10.8           80.5            (1.6)
  Accounts payable and accrued liabilities.............           (219.2)          (35.2)        (923.7)          (18.6)
  Income taxes payable.................................            (18.3)          (12.3)         (35.6)           (5.0)
                                                             ------------    ------------   ------------    ------------
  Non-cash working capital changes.....................            347.1           314.0           67.1           586.6
                                                             -----------     -----------    -----------     -----------
  Cash provided by operations..........................            449.7           371.4          401.1           882.1
                                                             -----------     -----------    -----------     -----------

INVESTING:
  Acquisitions, net of cash acquired...................           (716.3)           (7.8)        (864.4)         (110.7)
  Purchase of capital assets...........................            (26.0)          (44.3)        (162.1)         (119.3)
  Proceeds on sale of capital assets...................                -            47.2              -            68.2
  Other................................................              0.4            (1.0)           1.3            (1.1)
                                                             -----------     ------------   -----------     ------------
  Cash used in investing activities....................           (741.9)           (5.9)      (1,025.2)         (162.9)
                                                             ------------    ------------   ------------    ------------

FINANCING:
  Bank indebtedness....................................             (1.6)              -           (1.6)           (1.6)
  Repayment of long-term debt (note 4).................             (1.0)         (130.6)          (2.7)         (145.5)
  Debt redemption fees (note 4)........................                -            (6.9)             -            (6.9)
  Deferred financing costs.............................             (4.1)           (0.1)          (4.1)           (0.6)
  Repurchase of convertible debt (note 5)..............                -           (48.3)             -           (48.3)
  Issuance of capital stock............................              2.6             1.3          724.6             5.8
  Share issue costs, pre-tax ..........................                -               -          (10.0)              -
  Repurchase of capital stock (note 6).................                -           (17.1)             -           (17.1)
  Other................................................              0.9             0.8              -             0.5
                                                             -----------     -----------    -----------     -----------
  Cash provided by (used in) financing activities......             (3.2)         (200.9)         706.2          (213.7)
                                                             ------------    ------------   -----------     ------------

Increase (decrease) in cash............................           (295.4)          164.6           82.1           505.5
Cash, beginning of period..............................          1,261.3         1,683.7          883.8         1,342.8
                                                             -----------     -----------    -----------     -----------
Cash, end of period....................................      $     965.9     $   1,848.3    $     965.9     $   1,848.3
                                                             ===========     ===========    ===========     ===========
</Table>


              Cash is comprised of cash and short-term investments.

          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
      THESE INTERIM FINANCIAL STATEMENTS SHOULD BE READ IN CONJUNCTION WITH
                 THE ANNUAL CONSOLIDATED FINANCIAL STATEMENTS.




<Page>


                                       4



                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
             (IN MILLIONS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


1.    NATURE OF BUSINESS:

     The primary operations of the Company consist of providing a full range of
electronics manufacturing services including design, prototyping, assembly,
testing, product assurance, supply chain management, worldwide distribution and
after-sales service to its customers primarily in the information technology and
communications industries. The Company has operations in the Americas, Europe
and Asia.

     Celestica prepares its financial statements in accordance with accounting
principles which are generally accepted in Canada with a reconciliation to
accounting principles generally accepted in the United States, as disclosed in
note 22 to the 2001 Consolidated Financial Statements.

2.    SIGNIFICANT ACCOUNTING POLICIES:

     The disclosures contained in these unaudited interim consolidated financial
statements do not include all requirements of generally accepted accounting
principles (GAAP) for annual financial statements. The unaudited interim
consolidated financial statements should be read in conjunction with the annual
consolidated financial statements for the year ended December 31, 2001.

     The unaudited interim consolidated financial statements reflect all
adjustments, consisting only of normal recurring accruals, which are, in the
opinion of management, necessary to present fairly the financial position of the
Company as of September 30, 2002 and the results of operations and cash flows
for the three and nine months ended September 30, 2001 and 2002.

     The unaudited interim consolidated financial statements are based upon
accounting principles consistent with those used and described in the annual
consolidated financial statements, except the following:

(a) BUSINESS COMBINATIONS, GOODWILL AND OTHER INTANGIBLE ASSETS:
    In September 2001, the Canadian Institute of Chartered Accountants (CICA)
issued Handbook Sections 1581, "Business combinations" and 3062, "Goodwill and
other intangible assets." The new standards mandate the purchase method of
accounting for business combinations and require that goodwill no longer be
amortized but instead be tested for impairment at least annually. The standards
also specify criteria that intangible assets must meet to be recognized and
reported apart from goodwill. The standards require that the value of the shares
issued in a business combination be measured using the average share price for a
reasonable period before and after the date the terms of the acquisition are
agreed to and announced. Previously, the consummation date was used to value the
shares issued in a business combination. The new standards are substantially
consistent with U.S. GAAP.

     Effective July 1, 2001, goodwill acquired in business combinations
completed after June 30, 2001 was not amortized. In addition, the criteria for
recognition of intangible assets apart from goodwill and the valuation of the
shares issued in a business combination have been applied to business
combinations completed after June 30, 2001.

     The Company has fully adopted these new standards as of January 1, 2002,
and has discontinued amortization of all existing goodwill. The Company has also
evaluated existing intangible assets, including estimates of remaining useful
lives, and has reclassed $9.1 from intellectual property to goodwill as of
January 1, 2002 to conform with the new criteria.

     Section 3062 requires the completion of a transitional goodwill impairment
evaluation within six months of adoption. Impairment is identified by comparing
the carrying amounts of the Company's reporting units with their fair values. To
the extent a reporting unit's carrying amount exceeds its fair value, the
impairment is measured in a manner similar to a purchase price allocation and
must be recorded by December 31, 2002. Any transitional impairment would be
recognized as an effect of a change in accounting principle and would be charged
to opening retained earnings as of January 1, 2002. The Company completed the
transitional


<Page>


                                       5



                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
             (IN MILLIONS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


goodwill impairment assessment during the second quarter of 2002,
and determined that no impairment existed as of the date of adoption.

     Effective January 1, 2002, the Company had unamortized goodwill of $1,137.9
which is no longer being amortized. This change in accounting policy is not
applied retroactively and the amounts presented for prior periods have not been
restated for this change. The impact of this change is as follows:


<Table>
<Caption>

                                                         THREE MONTHS ENDED                NINE MONTHS ENDED
                                                            SEPTEMBER 30                     SEPTEMBER 30
                                                        2001            2002              2001            2002
                                                   --------------  --------------   --------------  -------------
<S>                                                  <C>              <C>              <C>             <C>
    Net earnings (loss)........................       $   (38.7)      $   (90.6)       $    32.0       $   (10.5)
    Add back: goodwill amortization............             7.9               -             29.2               -
                                                      ---------       ---------        ---------       ---------
    Net earnings (loss) before goodwill
    amortization...............................       $   (30.8)      $   (90.6)       $    61.2       $   (10.5)
                                                      ==========      ==========       =========       ==========

    Basic earnings (loss) per share:
    Net earnings (loss)........................       $   (0.20)      $   (0.40)       $    0.10       $   (0.09)
    Net earnings (loss) before goodwill
    amortization...............................       $   (0.16)      $   (0.40)       $    0.24       $   (0.09)

    Diluted earnings (loss) per share:
    Net earnings (loss)........................       $   (0.20)      $   (0.40)       $    0.10       $   (0.09)
    Net earnings (loss) before goodwill
    amortization...............................       $   (0.16)      $   (0.40)       $    0.24       $   (0.09)
</Table>

     The following table sets forth the Company's goodwill and other intangible
assets as of September 30, 2002:


<Table>
<Caption>

                                                              ACCUMULATED     NET BOOK
                                                COST          AMORTIZATION      VALUE
<S>                                           <C>              <C>            <C>
    Goodwill............................      $  1,287.4       $    132.3     $  1,155.1
                                              ==========       ==========     ==========


    Other intangible assets:
    Intellectual property...............      $    353.8       $    184.5     $    169.3
    Other intangible assets.............           230.4             44.2          186.2
                                              ----------       ----------     ----------
                                              $    584.2       $    228.7     $    355.5
                                              ==========       ==========     ==========
</Table>


     Intellectual property primarily represents the cost of certain intellectual
property and process technology. Other intangible assets consist primarily of
customer relationship and contracts representing the excess of cost over the
fair value of tangible assets and intellectual property acquired in asset
acquisitions.

     Other intangible assets have increased $51.5 due to acquisitions. This
increase has been offset by reclassifications to goodwill (see note 8(b)) and
write-offs due to restructuring.

     The  aggregate  amortization  expense for other  intangible  assets was
$29.0 and $72.7 for the three and nine months ended September 30, 2002,
respectively.

(b) STOCK-BASED COMPENSATION AND OTHER STOCK-BASED PAYMENTS:
     Effective January 1, 2002, the Company adopted the new CICA Handbook
Section 3870, which requires that a fair value based method of accounting be
applied to all stock-based payments to non-employees and to direct awards of
stock to employees. However, the new standard permits the Company to continue
its existing policy of recording no compensation cost on the grant of stock
options to employees with the addition of pro forma information. The Company has
applied the pro forma disclosure provisions of the new standard to awards
granted on or after January 1, 2002. The pro forma effect of awards granted
prior to January 1, 2002, has not been included.


<Page>


                                       6



                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
             (IN MILLIONS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


     The standard requires the disclosure of pro forma net earnings and earnings
per share information as if the Company had accounted for employee stock options
under the fair value method. The fair value of the options issued in the quarter
and nine-month period were determined using the Black-Scholes option pricing
model. The following assumptions were used in the quarter: risk-free rate of
4.88%; dividend yield of 0%; a volatility factor of the expected market price of
the Company's shares of 70%; and a weighted-average expected option life of 7.5
years. The weighted-average grant date fair values of options issued during the
quarter was $13.32 per share. For purposes of pro forma disclosures, the
estimated fair value of the options is amortized to income over the vesting
period. For the three months ended September 30, 2002, the Company's pro forma
net loss is $91.1, basic loss per share is $0.40 and diluted loss per share is
$0.40. For the nine months ended September 30, 2002, the Company's pro forma net
loss is $11.5, basic loss per share is $0.09 and diluted loss per share is
$0.09. The Company's stock option plans are described in note 11 to the 2001
consolidated financial statements.

3.   ACQUISITIONS:

     ASSET ACQUISITIONS:
     On March 31, 2002, the Company acquired certain assets located in Miyagi
and Yamanashi, Japan from NEC Corporation. In August 2002, the Company acquired
certain assets from Corvis Corporation in the United States. The purchase price
for these acquisitions was financed with cash and allocated to the net assets
acquired, including other intangible assets of $51.5, based on their relative
fair values at the date of acquisition.

4.   LONG-TERM DEBT

     In August 2002, the Company redeemed the entire $130.0 of outstanding
Senior Subordinated Notes at a premium of 5.25%. See note 7(b).

5.   CONVERTIBLE DEBT

     During the quarter the Company repurchased Liquid Yield OptionTM Notes
(LYONs) with a principal amount at maturity of $110.4. The Company paid a total
of $48.3. Pursuant to Canadian GAAP, the LYONs are recorded as an equity
instrument and bifurcated into a principal equity component and an option
component. See note 10 to the 2001 Consolidated Financial Statements. The gain
on the repurchase of LYONs is recorded to retained earnings and apportioned
between the principal equity and option components, based on their relative fair
values compared to their carrying values. Consistent with the treatment of the
periodic accretion charges, the gain on the principal equity component has been
included in the calculation of basic and diluted earnings (loss) per share.
See note 9.

6.   CAPITAL STOCK

     In July 2002, the Company filed a Normal Course Issuer Bid to repurchase,
at its discretion, up to 5% of the total outstanding shares, or 9.6 million
Subordinate Voting Shares for cancellation, over the next 12 months. During the
quarter, the Company repurchased 1.0 million Subordinate Voting Shares at a
weighted average price of $17.08 per share.



<Page>


                                       7



                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
             (IN MILLIONS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


7.   OTHER CHARGES:


<Table>
<Caption>
                                                         THREE MONTHS ENDED                NINE MONTHS ENDED
                                                            SEPTEMBER 30                     SEPTEMBER 30
                                                        2001            2002              2001            2002
                                                   --------------  --------------   --------------  -------------
<S>                                                <C>               <C>              <C>             <C>
    2001 restructuring (a).....................       $    43.5       $    (1.9)       $   100.5       $    (1.9)
    Deferred financing costs and debt redemption
    fees (b)...................................              -              9.6               -              9.6
    2002 restructuring (c).....................              -            128.7               -            128.7
    Other (d)..................................            36.1               -             36.1               -
                                                      ---------       ---------        ---------       ---------
                                                      $    79.6       $   136.4        $   136.6       $   136.4
                                                      =========       =========        =========       =========
</Table>


(A)      2001 RESTRUCTURING:
     In 2001, the Company recorded a restructuring charge that reflected
facility consolidations and a workforce reduction. The following table details
the activity through the accrued restructuring liability for the period ended
September 30, 2002:

<Table>
<Caption>

                                                              LEASE AND
                                              EMPLOYEE          OTHER         FACILITY
                                             TERMINATION     CONTRACTUAL      EXIT COSTS
                                                COSTS        OBLIGATIONS      AND OTHER         TOTAL
                                             ------------    -------------   ------------    ------------
<S>                                           <C>              <C>           <C>              <C>
    Balance at June 30, 2002............      $     13.7       $     27.5    $      6.6       $     47.8
    Cash payments.......................            (7.7)            (1.7)         (2.0)           (11.4)
    Adjustments.........................            (0.4)            (2.2)          0.7             (1.9)
                                              -----------      ----------    ----------       ----------
    Balance at September 30, 2002.......      $      5.6       $     23.6    $      5.3       $     34.5
                                              ==========       ==========    ==========       ==========
</Table>


     As of December 31, 2001, 2,330 employee positions remained to be terminated
during 2002. As of September 30, 2002, approximately 300 employees remain to be
terminated by year-end. The Company expects to complete the major components of
the restructuring plan by the end of 2002, except for certain long-term lease
contractual obligations.

(B) DEFERRED FINANCING COSTS AND DEBT REDEMPTION FEES:
     In August 2002, the Company expensed deferred financing costs and paid a
premium associated with the redemption of the Senior Subordinated Notes.

(C)      2002 RESTRUCTURING:
     In July 2002, the Company announced a new restructuring plan, in response
to the prolonged difficult end-market conditions. The Company expects that it
will incur a pre-tax charge of between $300.0 and $375.0, for the consolidation
of facilities and a workforce reduction, to be recorded by the end of the year.
During the quarter, the Company recorded a pre-tax restructuring charge of
$128.7. The following table details the components of the restructuring charge:

<Table>
<Caption>

                                                      THREE AND NINE
                                                       MONTHS ENDED
                                                    SEPTEMBER 30, 2002
                                                    ------------------
<S>                                                     <C>
    Employee termination costs.....................      $     42.0
    Lease and other contractual obligations........             7.1
    Facility exit costs and other..................            10.0
    Asset impairment (non-cash)....................            69.6
                                                         ----------
                                                         $    128.7
                                                         ==========
</Table>


     The following table details the activity through the accrued restructuring
liability for the period ended September 30, 2002:


<Page>


                                       8



                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
             (IN MILLIONS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


<Table>
<Caption>

                                                              LEASE AND
                                              EMPLOYEE          OTHER          FACILITY
                                             TERMINATION     CONTRACTUAL      EXIT COSTS
                                                COSTS        OBLIGATIONS      AND OTHER         TOTAL
                                             ------------    ------------     ----------      -----------
<S>                                           <C>               <C>          <C>              <C>
    Balance at June 30, 2002............      $       -        $       -      $      -        $       -
    Provision...........................            42.0              7.1          10.0             59.1
    Cash payments.......................           (14.9)              -           (0.3)           (15.2)
                                              -----------      ---------     -----------      -----------
    Balance at September 30, 2002.......      $     27.1       $      7.1    $      9.7       $     43.9
                                              ==========       ==========    ==========       ==========
</Table>


     During the quarter, employee termination announcements were made primarily
in the Americas with the majority pertaining to manufacturing and plant
employees. To date, 2,368 employees have been identified to be terminated, of
which 458 employees were terminated in the quarter. The remaining termination
costs are expected to be paid out within one year.

     The non-cash charges for asset impairment reflects the write-down of
certain long-lived assets primarily in the Americas that have become impaired as
a result of the rationalization of facilities. The asset impairments relate to
intangible assets, machinery and equipment, buildings and improvements. The
assets were written down to their recoverable amounts using estimated cash
flows.

     The Company will record additional charges in the fourth quarter and
expects to complete the major components of the restructuring plan by the end of
2003, except for certain long-term lease contractual obligations.

(D)      OTHER:
     During the third quarter of 2001, the Company recorded a non-cash charge of
$36.1. This is comprised of a write-down of certain assets, primarily goodwill
and intangible assets.

 8.  SEGMENTED INFORMATION:

     The Company's operations fall into one dominant industry segment, the
electronics manufacturing services industry. The Company manages its operations,
and accordingly determines its operating segments, on a geographic basis. The
performance of geographic operating segments is monitored based on EBIAT
(earnings before interest, income taxes, amortization of intangible assets,
other charges and integration costs related to acquisitions). Inter-segment
transactions are reflected at market value. The following is a breakdown by
operating segment.

<Table>
<Caption>



                                                          THREE MONTHS ENDED             NINE  MONTHS ENDED
                                                             SEPTEMBER 30                   SEPTEMBER 30
                                                         2001            2002            2001            2002
                                                    --------------  -------------- --------------  ---------------
<S>                                                   <C>             <C>          <C>             <C>
    REVENUE
    Americas....................................       $   1,442.7     $   1,028.4   $    4,851.1    $    3,696.6
    Europe......................................             641.6           382.3        2,385.5         1,333.2
    Asia........................................             163.8           595.4          575.7         1,529.5
    Elimination of inter-segment revenue........             (45.1)          (47.2)        (256.1)         (199.7)
                                                       ------------    ------------  -------------   -------------
                                                       $   2,203.0     $   1,958.9   $    7,556.2    $    6,359.6
                                                       ===========     ===========   ============    ============

    EBIAT
    Americas....................................       $     38.8      $     38.3    $      146.7    $      122.7
    Europe......................................             23.2           (14.0)          104.9            13.2
    Asia........................................              8.1            33.8            28.6            79.6
                                                       ----------      ----------    ------------    ------------
                                                             70.1            58.1           280.2           215.5
    Interest, net...............................              5.1             1.1            11.0            (2.0)
    Amortization of goodwill and other intangible
    assets......................................            (32.2)          (29.0)          (89.9)          (72.7)
    Integration costs related to acquisitions...            (10.0)           (3.0)          (20.1)          (17.1)
    Other charges...............................            (79.6)         (136.4)         (136.6)         (136.4)
                                                       ----------      -----------   ------------    ------------
    Earnings (loss) before income taxes.........       $    (46.6)     $   (109.2)   $       44.6    $      (12.7)
                                                       ===========     ===========   ============    =============
</Table>



<Page>


                                        9

                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
             (IN MILLIONS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


<Table>
<Caption>

                                                          AS AT SEPTEMBER 30
                                                         2001            2002
                                                    --------------  --------------
<S>                                                    <C>            <C>
    TOTAL ASSETS
    Americas....................................       $  3,777.6     $    3,224.1
    Europe......................................          1,723.9          1,288.1
    Asia........................................            436.1          1,979.5
                                                       ----------     ------------
                                                       $  5,937.6     $    6,491.7
                                                       ==========     ============
</Table>


     The following table sets forth the changes in goodwill by operating segment
during the nine months ended September 30, 2002:

<Table>
<Caption>


     GOODWILL                        DECEMBER 31, 2001   RECLASS (A)    POST CLOSING (B) SEPTEMBER 30, 2002
                                     ----------------- --------------  ----------------- ------------------
<S>                                     <C>               <C>                <C>                <C>

    Americas............................$    243.2         $   1.8         $     (0.5)         $    244.5
    Europe...............................     68.3             6.2                1.0                75.5
    Asia.................................    817.3             1.1               16.7               835.1
                                         ---------         -------         ----------          ----------
                                        $  1,128.8         $   9.1         $     17.2          $  1,155.1
                                        ==========         =======         ==========          ==========
</Table>



(a) The Company has reclassed $9.1 from intellectual property to goodwill as of
January 1, 2002 to conform with the new goodwill standards.

(b) The Company has completed the valuations of certain assets relating to the
2001 business combinations. This resulted in changes to the fair value
allocation of the purchase price, and thus goodwill.

9. WEIGHTED AVERAGE SHARES OUTSTANDING AND EARNINGS (LOSS) PER SHARE:

     For the three months ended September 30, 2001 and the three and nine months
ended September 30, 2002, the weighted average number of shares outstanding for
purposes of the diluted earnings (loss) per share calculation, excludes the
effect of convertible securities as they are anti-dilutive.

     For the three and nine months ended September 30, 2002, the gain on the
principal equity component of the convertible debt repurchase of $4.0 is
included in the calculation of basic and diluted GAAP earnings (loss) per share.
See note 5.

10.      SUPPLEMENTAL CASH FLOW INFORMATION:

<Table>
<Caption>

                                                           THREE MONTHS ENDED              NINE MONTHS ENDED
                                                              SEPTEMBER 30                   SEPTEMBER 30
                                                          2001           2002             2001            2002
                                                     -------------- --------------  --------------  ------------
<S>                                                    <C>            <C>             <C>             <C>
Paid during the period:
Interest............................................   $       4.2    $      5.1      $     12.4      $     17.2
Taxes...............................................   $      38.4    $      4.5      $     70.5      $     16.0

Non-cash financing activities:
  Convertible debt accretion, net of tax ...........   $       3.8    $      4.6      $     10.9      $     13.2
  Shares issued for acquisitions....................   $     178.7    $       -       $    180.7      $       -
</Table>





</TEXT>
</DOCUMENT>
