Today’s Honeywell

Honeywell Company Overview2009

2 Today’s Honeywell

Company Overview

• 128,000 employees in more than 100 countries

• A Fortune 100 company – sales of $36.6 billion in 2008

• “World’s Most Ethical Companies"– Ethisphere Institute

• “America’s Most Admired Companies”– Fortune magazine

• “Best Places to Launch a Career”– BusinessWeek magazine

• “The Alexander Hamilton Award”– Treasury and Risk magazine

• “Most Admired Companies”– U.S. Black Engineer & Information Technology, Hispanic

Engineer & Information Technology, and Women of Color magazines

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Company LeadershipCHAIRMAN & CEO

Dave Cote

PRESIDENTBusiness & General

AviationRob Wilson

PRESIDENTAir Transport &

RegionalJohn Bolton

PRESIDENT & CEOAerospace

Tim Mahoney

PRESIDENTHoneywell

Process SolutionsNorm Gilsdorf

PRESIDENTHoneywell

Building SolutionsPaul Orzeske

PRESIDENT & CEOAutomation and Control Solutions

Roger Fradin

PRESIDENT & CEOSpecialty MaterialsAndreas Kramvis

PRESIDENTTurbo Technologies

Alex Ismail

PRESIDENT & CEOTransportation Systems

Alex Ismail

PRESIDENTFriction Materials

Rainer Bostel

SR. VICE PRESIDENT &Chief Financial Officer

Dave Anderson

SR. VICE PRESIDENTTechnology and

Operations Larry Kittelberger

SR. VICE PRESIDENT &General Counsel

Kate Adams

SR. VICE PRESIDENTHuman Resources and

CommunicationsMark James

VP/GMSpecialty Products

Jack Boss

VP/GMFluorine Products

Terrence Hahn

VP/GMResins & Chemicals

Qamar Bhatia

VP/GMElectronic Materials

Rebecca Liebert

PRESIDENT & CEOUOP

Rajeev Gautam

PRESIDENTEnvironmental and

Combustion ControlsJoe Puishys

PRESIDENTDefense & Space

Garrett Mikita

PRESIDENTSensing and Control

Beth Wozniak

PRESIDENTLife SafetyMark Levy

PRESIDENTSecurity

Ben Cornett

VICE PRESIDENTStrategy & Business

DevelopmentRhonda Germany

PRESIDENTChina & India

Shane Tedjarati

PRESIDENTConsumer Products

GroupCraig Breese

4 Today’s Honeywell

Honeywell’s Businesses

Diverse Businesses, Technologies and Products

2008 Sales

Total = $36.6B

$12.7B$12.7B

$4.6B$4.6B$14B

$5.3BAerospaceSpecialty

Materials

Automationand Control Solutions

TransportationSystems

5 Today’s Honeywell

Honeywell Initiatives and Behaviors

• 5 Initiatives-Growth

-Productivity

-Cash

-People

-Enablers: Honeywell Operating System, Functional Transformation and Velocity Product Development™

• 12 Behaviors-Growth and Customer Focus

-Leadership Impact

-Gets Results

-Makes People Better

-Champions Change

-Fosters Teamwork and Diversity

-Global Mindset

- Intelligent Risk Taking

-Self-Aware/Learner

-Effective Communicator

- Integrative Thinker

-Technical or Functional Excellence

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The 4 Pillars of Growth

• Doing a superb job each and every day for our customers in quality, delivery, value, and technology

• Building a superior Sales and Marketing organization

• Globalization

• Creating a set of robust, funded technology roadmaps for new products and services

Each Business Has Developed a Growth Game Plan

Honeywell’s first initiative is Growth. We will pursue organic growth through four fundamental strategies, or “pillars”:

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Aerospace

The world’s premier supplier of aircraft engines and systems, avionics andother products and services for airliners, business and general aviation aircraft, military aircraft and spacecraft.

Businesses:Air Transport & Regional, Business & General Aviation,Defense & Space

Products:- Aircraft engines- Auxiliary power units- Integrated avionics and aircraft control systems- Aircraft safety systems- Precision guidance and navigation- Environmental control systems- Electric generation and distribution systems- Landing systems- Repair and overhaul- Spare parts- Support and services for space and communications

facilities- After-sales support solutions- Aircraft lighting- Aircraft cabin entertainment and passenger productivity

products/systems

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AerospaceRepresentative Customers:

EADS/Airbus, Bell, Boeing, Bombardier, Cessna, Dassault, Embraer, Fairchild Dornier, FedEx, Finmeccanica, General Electric, Gulfstream, Hawker Beechcraft, Hughes, Lockheed Martin, Northrop Grumman, Raytheon, Sikorsky, Sino Swearingen, United Technologies, U.S. Department of Defense, U.S. Department of Energy, U.S. National Aeronautics and Space Administration (NASA), and leading airlines and airport authorities

Competitive Strengths:Honeywell Aerospace is a global leader in the aviation industry; developing innovative safety products, driving the modernization of global air traffic management, revolutionizing combat technology and committed to improving operational efficiencies.

Global Presence:39,000+ employees at nearly 100 locations worldwideHeadquarters: Phoenix, Arizona

Sales:$12.7 billion in 2008

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Automation and Control Solutions

A global leader applying sensing and control expertise that helps create safer, more comfortable, more secure, and more productive environments in homes, buildings and industry. More than 120 million homes and buildings as well as 24 of 25 top oil refineries rely on ACS products and services.

Businesses:Environmental and Combustion Controls, Life Safety, Honeywell Building Solutions, Honeywell Process Solutions, Honeywell Security & Data Collection, Sensing and Control

Products and Services:- Energy management systems, building automation, controls

and services- Commercial fire systems, smoke and gas detection,

personal protective equipment, and home healthcare monitoring products

- Fire alarm, access control, video surveillance systems and automatic identification, and data collection

- Controls for heating, ventilation, air conditioning, humidification, zoning, water controls and processes, electrical devices, and systems and lighting control

- Electromechanical switches and electronic sensors used for industrial, aerospace, medical, transportation, and test and measurement applications

- Advanced software applications for home/building control and industrial optimization and process automation

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Automation and Control Solutions

Representative Customers:Alcoa, AstraZeneca, BASF, Boeing, Brinks, ChevronTexaco, DaimlerChrysler, DuPont, ExxonMobil, General Motors, ConocoPhillips, Procter & Gamble, Qatar General Petroleum, Sasol, Sinopec, Stora Enso, Sydney Airport, TotalFinaElf, Weyerhaeuser, U.S. Government, homebuilders, contractors, and homeowners

Competitive Strengths:Strong customer relationships; large installed base; diversified portfolio; open-systems solutions and integration expertise; broad distribution channels; global brand recognition; commitment and passion to service

Global Presence:65,000+ employees in more than 120 countriesHeadquarters: Minneapolis, Minnesota

Sales:$14 billion in 2008

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Transportation Systems

Businesses:Turbo TechnologiesConsumer Products GroupFriction Materials

Products:- Garrett® turbochargers- Prestone® antifreeze/coolant- Autolite® platinum spark plugs- FRAM® automotive filters- Holts® car care products- Bendix® and Jurid® brake pads

The world’s leading innovator of automotive turbochargers. We offer someof the best-known consumer automotive product brands and manufacture world-class braking material for major auto manufacturers around the world.

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Representative Customers:Advance Auto Parts, Audi, Auto Zone, BMW, Bosch, Canadian Tire, Continental Teves, CSK Auto, DaimlerChrysler, Ford, General Motors, Honda, Hyundai, Nissan, Renault, TRW, Volkswagen, Volvo, Wal-Mart

Competitive Strengths:Innovative technologies, strong R&D capabilities,superior brand recognition, strong customerrelationships, broad distribution network,original equipment experience

Global Presence:10,000+ employees Headquarters: Torrance, California

Sales:$4.6 billion in 2008

Transportation Systems

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Specialty Materials

Businesses:UOP LLC, Fluorine Products, Resins & Chemicals, Specialty Products, Electronic Materials

Products:- Process technology, catalysts, adsorbents and technical

services for the petroleum refining, petrochemical and gas processing industries

- Biofuels process technology- Genetron® environmentally-friendlier refrigerants- Spectra® high-performance fiber for ballistic

protection and other applications- Aclar® pharmaceutical film packaging- Enovate® non-ozone-depleting blowing agent- Ammonium sulfate fertilizers- Caprolactam for nylon production- Burdick & JacksonTM solvents and reagents for biotechnology

and pharmaceuticals - Chemicals and metals for semiconductor production

A global leader in providing customers with high-performance specialty materials, including fluorocarbons, specialty films and additives, advanced fibers and composites, customized research chemicals, electronic materials and chemicals, catalysts and adsorbents and process technology, engineering, equipment and services for the refining and petrochemical industries.

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Representative Customers:Reliance Industries, PetroChina, Valero, Chevron, ExxonMobil, ConocoPhillips, IBM, Samsung, Carrier Corp., Haier Group, BAE Systems, Dow Chemical, BASF, Shaw Industries

Competitive Strengths:Strong IP and technology position in a broad set of markets and products ranging from refining and petrochemical production tonext-generation biofuels to ballistic protectionand environmentally-friendlier refrigerants

Global Presence:8,500+ employees Headquarters: Morristown, New Jersey

Sales:$5.3 billion in 2008

Specialty Materials