First Quarter 2000 Interim Results April 11_ 2000

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					First Quarter 2000 Interim Results                                         April 11, 2000
                                             Three months ended Mar 31
                                                 2000         1999
                   Revenue (C$ millions)          612.7           549.0
                   Net Income                      13.4             6.2
                   Cash Flow                       76.1            58.2
                   Earnings per share              0.17            0.08


      “PROFITS DOUBLE AS REVENUES CONTINUE TO INCREASE AT
                    FINNING INTERNATIONAL”

Consolidated Results: Net income more than doubled in the first quarter to $13.4 million, or
$0.17 per share, compared with $6.2 million, or $0.08 per share, in the first quarter of 1999.
Consolidated revenue increased 12% to $613 million primarily due to higher activity in
Western Canada. Cash flow from operations increased by 31% to $76 million. During the past
twelve months, total inventories were reduced by 16% or $126 million. As a result, the
Company’s operating debt-to-equity ratio improved from 0.82:1.0 to 0.34:1.0 in the first quarter
of 2000.
"Over the past 12 months, the Company has done a good job of reducing inventories and
lowering costs," said Jim Shepard, Chairman and C.E.O. of Finning International. "As
demonstrated in the past, we are now in a strong position to leverage this lower cost base as
revenue continues to increase."

Canada: Revenue in the first quarter of 2000 was up 26% to $302 million compared with
$239 million in the same period of 1999. Net income in Canada was $11.4 million, an increase
of 62%. New equipment sales increased by 65% as large package deliveries were made to
the mining, petroleum and forest industries. Customer services revenue was higher by 15%
and used equipment sales were up 12%. Alberta and the Northwest Territories generated
60% of Finning (Canada)’s revenue activity while B.C. and the Yukon contributed 40%.
Revenue in Alberta climbed 22% in the first quarter of 2000 reflecting sales to the Oil Sands in
Alberta and diamond mining operations in the Northwest Territories. Revenue in B.C. was
20% higher as more units were delivered to the forestry and construction industries. The unit
order backlog continued to increase at the end of the first quarter.

U.K.: Revenue in the U.K. was $175 million in the first quarter, a decrease of 2% compared
with the same period of 1999. In sterling terms, however, revenue increased 3%. Finning (UK)
reported net income of $1.6 million in the first quarter of 2000 compared with $0.1 million in
the first three months of last year. Equipment sales to the construction and power systems
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                                                                                     Finning International Inc.
                                                                            First Quarter 2000 Interim Results


industries increased while sales to the opencast coal and quarrying industries declined. Rental
revenue increased 25% with continued activity from the Channel Tunnel Rail Link project and
the rental of power systems units. Customer service revenue equalled the prior year’s first
quarter. At March 31st 2000, the unit order backlog was higher compared with the prior
quarter.

Chile: Revenue in Chile increased 4% to $101 million in the first quarter compared with $97
million last year. In U.S. dollar terms, Chile's revenue increased 9%. Chile’s net income was
$2.6 million, up from $0.6 million in the first quarter of 1999. Customer services revenue
increased 27% while new equipment sales decreased by 24%. Unit deliveries to the mining
industry were higher in the first three months of 2000 but average unit prices were lower.
Construction activity is starting to increase as the Chilean economy begins to recover. On
March 31, Finning Chile announced it received an order for seven 360-ton mine trucks for
Minera Escondida Limitada for delivery beginning in the second quarter of 2000. At the end of
the first quarter, the unit order backlog in Chile was lower than the prior quarter after a large
equipment delivery was made to the Chuquicamata mine early in 2000.

Universal Machinery Services: The sale of used equipment and used parts by Universal
Machinery Services (UMS) is now being segmented separately from the borrowing and
administrative costs associated with the Company’s corporate head office. Revenue in the
first quarter of 2000 for UMS was $34.4 million, equal to the same quarter last year. While unit
deliveries were lower, the average price per unit sold was higher. A profit of $0.4 million was
recorded in the first quarter of 2000 compared with $0.5 million in 1999.

Other Items:
• In the first quarter of 2000, Carl Cederberg, formerly President and C.E.O. of Finning Chile
   S.A., retired after 30 years of distinguished service. The Company is highly appreciative of
   the strong contribution that Carl made to both Finning Chile S.A., Finning (Canada) and
   Finning International Inc.
•   Under the Company’s normal course issuer bid, Finning International Inc. repurchased
    1.98 million shares in the open market during the first quarter of 2000.
•   Effective March 31st 2000, Finning Chile S.A. has cancelled its arrangement with
    PACCAR Inc. for the distribution of Kenworth products in Chile. The cancellation of this
    arrangement will have no effect on current year earnings.
•   The Company will be holding its annual meeting on Wednesday, April 26th, 2000 at the
    Hotel Vancouver. The meeting will commence at 11:00 am in the Saturna Island room.

“I see a prosperous future for Finning as we harness new e-technologies to become more
efficient, more competitive and more profitable,” said Jim Shepard, Chairman and C.E.O. “As
this will be my final interim report, I wish to thank the committed effort of all Finning employees.
I’m sure that under the leadership of Doug Whitehead they will continue to make the Company
and our customers successful.”


                                                                                  J.F. Shepard
                                                                                  Chairman and CEO


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                                                                                                       Finning International Inc.
                                                                                              First Quarter 2000 Interim Results



 RESULTS IN BRIEF
 (C$ thousands except per share data)
                                                                                  Three months ended March 31
                                                                                     2000             1999
 REVENUE
   Canadian operations                                                           $      301,986         $        238,845
   U.K. operations                                                                      174,987                  178,881
   Chilean operations                                                                   101,281                   96,632
   Universal Machinery Services                                                          34,429                   34,619
   Consolidated                                                                  $      612,683         $        548,977

 NET INCOME
   Canadian operations                                                           $        11,418        $           7,062
   U.K. operations                                                                         1,553                      103
   Chilean operations                                                                      2,572                      590
   Universal Machinery Services                                                              429                      546
   Consolidated (Corporate and consolidation entries are not shown)              $        13,358        $           6,249

 EARNINGS PER SHARE (EPS)
   Basic                                                                         $          0.17        $             0.08
   Fully diluted                                                                 $          0.16        $             0.08


 Average number of common shares outstanding                                         79,168,501              79,439,121




Note: Finning operates in four main currencies; Canadian dollars, U.S. dollars, British pound sterling and Chilean pesos. In
the first quarter of 2000, the average Canadian dollar exchange rate against the pound sterling was 2.33 compared with 2.47
in the first quarter of 1999, and the average Canadian dollar exchange rate against the US dollar was 1.45 compared with
1.51 in the first quarter of 1999. The average Chilean peso against the Canadian dollar was 351 compared with 322 at the
end the first quarter of 1999.


These statements have not been audited and are subject to year-end adjustments.




FOR MORE INFORMATION

David Climie                                                                                    Finning International Inc.
Director, Investor and Corporate Relations                                                      555 Great Northern Way
Phone: (604) 331-4885 Fax: (604) 331-4899                                                       Vancouver, B.C.
E-mail: dclimie@finning.ca                                                                      Canada V5T 1E2
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                                                                                                 Finning International Inc.
                                                                                        First Quarter 2000 Interim Results



INTERIM CONSOLIDATED STATEMENTS OF INCOME
(C$ thousands)
                                                                              Three months ended March 31
                                                                                2000               1999
Revenue
 New equipment                                                            $     221,195                 $    195,751
 Used equipment                                                                  99,461                       93,229
 Equipment rental                                                                43,581                       37,776
 Operating leases                                                                23,217                       23,480
 Customer support services                                                      221,569                      195,447
 Finance and other                                                                3,660                        3,294
    Total revenue                                                               612,683                      548,977
Cost of sales                                                                   457,286                      409,029
Gross profit                                                                    155,397                      139,948
Selling, general and administrative expenses                                    118,322                      111,299
Earnings before interest and taxes                                               37,075                        28,649
Finance cost and interest on other indebtedness                                  15,353                        17,806
Income before provision for income taxes                                         21,722                        10,843
Provision for income taxes                                                        8,364                         4,594
Net income                                                                       13,358                          6,249
Dividends on preferred shares                                                       -                                15
Earnings attributable to common shares                                    $      13,358                 $        6,234


Gross profit as a percentage of revenue                                           25.4%                          25.5%
Earnings before interest and taxes as                                              6.1%                           5.2%
 a percentage of revenue
Net income as a percentage of revenue                                              2.2%                           1.1%


These statements have not been audited and are subject to year-end adjustments.




NEXT QUARTERLY RESULTS – TUESDAY, JULY 11, 2000
SECOND QUARTER RESULTS
Finning International’s second quarter results for 2000 will be released at 11:00 a.m. Pacific time on Tuesday,
July 11, 2000.
CONFERENCE CALL
You are invited to participate in the Finning shareholder/analyst conference call at 12:30 p.m. Pacific time on
Tuesday, July 11, 2000 by dialling one of the following numbers:

   Toll-free number for participants dialling from        Number for participants dialling from within the
     anywhere within Canada (except Toronto)               Toronto area and for participants outside of
               and the United States:                            Canada and the United States:
                  1-800-446-4498                                           416-695-9702



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                                                                                                 Finning International Inc.
                                                                                        First Quarter 2000 Interim Results


INTERIM CONSOLIDATED BALANCE SHEETS
(C$ thousands)
                                                                         March 31              December 31
                                                                          2000                    1999
ASSETS
Current assets
 Accounts receivable                                                 $       359,781           $     386,561
 Inventories
   On-hand equipment                                                        421,795                  406,882
   Parts and supplies                                                       224,164                  219,423
 Current portion of instalment notes receivable                              62,035                   47,442
   Total current assets                                                   1,067,775                1,060,308

Finance assets
 Instalment notes receivable                                                  72,902                  71,628
 Equipment leased to customers                                               260,473                 272,151
   Total finance assets                                                      333,375                 343,779

Rental equipment                                                            329,272                341,534
Land, buildings and equipment                                               205,974                206,254
Goodwill                                                                     63,073                 74,359
Future income taxes                                                          11,097                    -
   Total assets                                                      $    2,010,566            $ 2,026,234
LIABILITIES
Current liabilites
  Short-term debt                                                    $       223,812           $     305,639
  Accounts payable and accruals                                              488,807                 424,609
  Income tax payable                                                          (1,451)                (11,201)
  Current portion of long-term debt                                           69,485                  70,494
   Total current liabilities                                                 780,653                 789,541

Long-term debt                                                              521,187                  522,426
Future income taxes                                                          19,203                   17,672
   Total liabilites                                                       1,321,043                1,329,639

SHAREHOLDERS' EQUITY
 Share capital                                                              205,170                209,955
 Retained earnings                                                          493,534                502,028
 Cumulative currency translation adjustments                                 (9,181)               (15,388)
  Total shareholders' equity                                                689,523                696,595
  Total liabilities and shareholders' equity                         $    2,010,566            $ 2,026,234



ADDITIONAL INFORMATION
FINNING INTERNATIONAL INC.                 SHARE INQUIRIES                     INVESTOR RELATIONS
555 Great Northern Way                     Inquiries relating to shares or     David Climie: (604) 331-4885
Vancouver, B.C.                            dividends:                          Mandy Mather: (604) 331-4900
Canada V5T 1E2                             Montreal Trust Communications       E-mail: amather@finning.ca
Telephone: (604) 872-4444                  Telephone: (604) 661-0222           Fax: (604) 331-4899

REGISTRAR AND TRANSFER AGENT               STOCK EXCHANGE                      INTERNET
Montreal Trust Company of Canada:          Toronto (TSE)                       http://www.finning.ca
Vancouver, Calgary, Regina,                (Symbol: FTT)
Winnipeg, Toronto and Montreal

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                                                                                              Finning International Inc.
                                                                                     First Quarter 2000 Interim Results


INTERIM CONSOLIDATED STATEMENTS OF CASH FLOW
(C$ thousands)
                                                                            Three months ended March 31
                                                                              2000              1999
OPERATING ACTIVITIES
 Net income                                                             $       13,358             $         6,249
 Add (deduct) items not affecting cash
   Depreciation                                                                 59,796                      45,722
   Amortization of goodwill                                                        541                         554
   Future income taxes                                                           1,784                         188
   Equipment/parts provisions                                                     (723)                      1,702
   Warranty reserves                                                                90                       2,686
   Other items                                                                   1,271                       1,084
                                                                                76,117                      58,185
 Changes in operating assets and liabilities:
    Accounts receivable                                                         33,594                     (16,981)
    Inventories
      On-hand equipment                                                        (13,691)                     31,421
      Parts and supplies                                                           662                      10,238
    Instalment notes receivable                                                (15,586)                     (3,421)
    Accounts payable and accruals                                               56,321                      36,628
    Income taxes                                                                 9,731                       1,302
      Cash provided by working capital items and other                          71,031                      59,187
    Rental equipment, net of disposals                                         (20,512)                    (18,891)
    Equipment leased to customers, net of disposals                            (10,015)                    (18,471)
Cash provided by operating activities                                          116,621                      80,010
INVESTING ACTIVITIES
  Cash invested in land, buildings and equipment, net of disposals              (2,897)                     (1,870)
Cash used for investing activities                                              (2,897)                     (1,870)
FINANCING ACTIVITIES
  Term debt                                                                     (1,123)                     (3,323)
  Conversion and redemption of preferred shares                                      -                         (56)
  Issue of common shares on conversion of preferred shares
     and on exercise of stock options                                              163                         148
  Repurchase of common shares                                                  (22,819)                          -
  Dividends paid                                                                (3,980)                     (3,987)
  Currency translation adjustments                                              (4,138)                      7,899
Cash provided by (used for) financing activities                               (31,897)                        681
Decrease in short-term debt                                                     81,827                     78,821
Short-term debt at beginning of period                                         305,639                    608,974
Short-term debt at end of period                                        $      223,812             $      530,153




Approved by the Directors:

                                                                     (signed)                          (signed)
                                                                     J.F. Shepard,                     W.R. Wyman,
                                                                     Director                          Director


These statements have not been audited and are subject to year-end adjustments.


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