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Annual Investor Conference

Mark Eubanks, President – Eaton’s Cooper Lighting Division February 27, 2015

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Lighting Facts • Lighting represents 20% of global electricity consumption • DOE projects that by 2030 LED will represent 74% of

lighting sold in the U.S. • Represents 300 terawatt-hours in energy savings, the

equivalent of 50 1000-megawatt power plants • These savings could result in greenhouse gas reduction

of 210 million metric tons by 2030; equivalent to annual output of 38 million passenger vehicles

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Eaton’s lighting business is large, diverse, and growing

Global Sales : >$2.0B

Geographic mix: >18% outside Americas

Growth rate: Double digit CAGR since 2011

82%

18% 51%

26% 13%

10%

Revenue Mix

International

Americas

Commercial

Industrial Residential

Outdoor

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Product brands and application knowledge that customers trust all over the world

Metalux (Ambient)

McGraw- Edison (Outdoor)

CEAG (Life Safety)

Crouse-Hinds (Harsh & Hazardous)

Fifth Light (Controls)

Halo (Recessed)

Complete product solutions

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Eaton has broad and deep presence in all areas of lighting

Multiple applications, channels, and geographies

Industrial Commercial Residential

Street Lighting Healthcare Education/Universities

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Strong product brands and human capital invested across all areas of the value chain

Lighting and Controls Value Proposition • Responsive to rapidly evolving global lighting trends

• Strong understanding of channel and stakeholder requirements

• Unique technology solutions, broad application portfolio

Sales Agents and Dealers

Architects, Engineers

Wholesale Distributors

EPC, Electrical Contractors

Owners, End Users

Eaton’s global sales and support infrastructure

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Our marketing and education have global reach Eaton Global

Tech Days

WaveStream Roadshow

SOURCE Education Center

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Expanding Eaton’s intellectual property for protection of proprietary technology solutions

Global LED & Controls Patents Issued Global LED & Controls Patent Applications

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Our results continue to outperform the market LED Penetration Quarterly Revenue Growth %

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Lighting greatly expands the depth and breadth of our Electrical franchise

Historic Eaton Core: Facilities Power

Distribution

Moving Downstream Load management &

lighting control

Moving Upstream Utility power distribution

network

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Lighting infrastructure exists everywhere PARKING AND GARAGE LIGHTING

HELIPAD LIGHTING

STREET LIGHTING

EXIT SIGNS (LIFE SAFETY)

AMBIENT LIGHTING

CLASSIFIED AREAS

OUTDOOR LIGHTING

LEDs Controls

RECESSED LIGHTING

DAYLIGHT HARVESTING

NIGHT LIGHTS / BED LIGHTS

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Growth drivers: energy efficiency gains through technology convergence

• Rising global energy costs

• Increased regulation and legislation – lighting efficacies and controls

• Social responsibilities and awareness in the areas of sustainability

• Evolution of LED technology relative to traditional lighting sources – cost / performance

• Digitization of lighting systems

• Physical and functional convergence of light sources and controls

Total Controlled Lighting Growth

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LED luminaires / systems LED source components

Application Brand/Channel Conventional Lamps Luminaire Ballast

Conventional luminaires Conventional components

Epitaxy Phosphor Application Brand/Channel LED Luminaires Modules/

Electronics Controls

Expanding our value proposition as the “new” value chain develops

Traditional lighting component suppliers

LED component suppliers

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• Increased granular control requirements in ASHRAE 2010

• Title 24 California Code 2013 includes requirements for automated and manual off lighting in single room, including receptacles

• LEED v3 • Energy & atmosphere credits

• Controllability of systems credits

• Measurement & verification

• Enhanced commissioning

• LEED promoting granular controls (below 150 ft2)

• 2010 - GSA projects require DALI addressable systems

• Common specification requirement for Lighting & Controls must be provided by “single supplier”

• LED adoption drives “Smart Fixture” solutions

• Fixture companies developing smart drivers

• LED fixture solutions include networkable solution/software

• LED 28% of office lighting by 2016, 48% by 2020. Eaton one of few that can provide multi-source solution

Looking forward, trends favor Eaton… Lighting to “controlled lighting”

Green Programs Energy Codes LED/SSL

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Sam

ple

App

licat

ion

– O

ffice

Spa

ce

Con

trol

Te

chno

logi

es

Prim

ary

Driv

ers

+/- 5,000 ft2 of control +/- 2,000 ft2 of control +/- 150 ft2 of control

Office Floorplan 1970’s-1990’s

Office Floorplan 2000’s-2010’s

Office Floorplan 2010’s-2020’s

Valu

e /

Ben

efit Energy code progression to addressable “smart” controlled lighting

20% - 30% Energy Savings

30% - 50% Energy Savings

50% - 70% Energy Savings

Contactors & Time Clocks

Centralized Relay

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Lighting infrastructure is pervasive… creates data nodes & high density sensor networks

Area lighting and roadway

Private offices

Single & multifamily residential

Conference rooms Open office areas

Mechanical rooms / classified spaces

Parking garages

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Putting it all together… • Broad geographic and application

coverage

• Strong channel presence, with increasing investments

• Expansion of light points • Embedded intelligence and

communication…deployment of high-density, sensor networks

• Increased “wallet share” of facilities construction

• Enables “Systems & Solutions” architecture

• Connecting devices to systems…systems to networks

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A transformed Electrical Sector positioned to win big • A strong history of electrical solutions • Transformational acquisition with a complementary business • Integration results meeting increased targets • A business with the scale and size to compete globally • Positioned to capitalize on global megatrends • A portfolio of leading brands • A stronger combined enterprise that can provide distinctive

capabilities to target segments