Today’s Honeywell

Company Overview

Updated April 2014

This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of

1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects,

projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and

assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected

future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of

material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets,

products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business

decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our

Form 10-K and other filings with the Securities and Exchange Commission.

We are building a world

that’s safer and more secure …

more comfortable and energy efficient …

more innovative and productive …

3 Today’s Honeywell

Who Is Honeywell?

Highly Diversified, Technology Driven Industrial Company

Business Overview Great Positions In Good Industries

Aerospace

$12.0B Automation And

Control Solutions

$16.6B

Performance

Materials & Tech

$6.8B

Transportation

Systems

$3.8B

(2013 Sales, $B)

Honeywell’s technology is used to produce more

than 60% of the world’s gasoline, 67% of the

world’s paraxylene (a precursor for polyester),

and 85% of the world’s biodegradable

detergents.

Honeywell pioneered automotive turbocharging

60 years ago and remains the industry leader

launching, on average, 100 new turbo

applications globally each year.

Honeywell developed the first autopilot flight

controller (1914), first commercial weather radar

system (1954), and first business jet turbofan

engine (1975), and is still the leader in developing

revolutionary technology for aerospace today.

Honeywell is the leader in gas detection, fire

systems, personal protective equipment,

building controls, home comfort and security,

and scanning and mobility.

4 Today’s Honeywell

Energy Efficiency and Clean Energy Generation

By immediately and comprehensively

adopting existing Honeywell products,

the U.S. could reduce energy

consumption 20 to 25%.

Green Buildings

Biofuels Air Traffic

Modernization

Low Global Warming

Refrigerants

Fuel-efficient Turbochargers

Industrial Process Efficiency

Demand Response, & Smart Grid

Energy Performance

Contracts

With nearly 50% of our

products linked to energy

efficiency, Honeywell is

helping the world meet its

energy challenges.

5 Today’s Honeywell

Safety & Security

Honeywell is synonymous with flight

safety, thanks to world-class products

that provide superior situational

awareness.

Spectra fiber is 15 times stronger than

steel but light enough to float.

Honeywell is the leader in

commercial, industrial,

residential, and homeland

safety and security

solutions.

Gas Monitoring & Detection

Experion® Process Knowledge System Biometrics

Honeywell Instant Alert®

MEMS for Navigation

Personal Protective Equipment

SmartView™ Synthetic Vision System Spectra ® Fiber

6 Today’s Honeywell

Expanding Global Wealth Per Capita

Honeywell is developing

solutions that support

growing infrastructure and

improve the quality of life for

people around the world.

The growing middle class is

expected to grow from 1.8 to

almost 5 billion people by

2030.

7 Today’s Honeywell

Customer Productivity

Honeywell is an industry leader in

wireless and scanning

technologies, used in

home, commercial,

and industrial applications.

Honeywell solutions help

our customers be better,

faster, and more efficient.

Manufacturing Execution Systems

In-flight Productivity

OneWireless™ Mobile Control Room

Industrial Scanning & Mobile Computers Retail Scanning

Demand Response Thermostat Systems

Wireless Sensors

Performance Packaging Films

8 Today’s Honeywell

Our Performance

2009 2012 2013

$32.4

$37.7 $39.1 Sales

2009 2011 2013

13.3% 13.9%

16.3%

Segment Margin Rate

One Year (2013)

47% 32%

Total Shareholder Return Honeywell vs. S&P 500

Ten Year

249%

104%

$ b

illi

on

s

Honeywell delivered over the

past five years, outperforming

and evolving in a slow-growth

global economy.

$36.5

$30

2010 2011 2010 2012

15.6% 14.7%

9 Today’s Honeywell

New Five-Year Plan

Sales (in Billions)

We’re excited about our future. By being smart and focusing on flawless execution, Honeywell is positioned to meet our new long-term targets.

Segment Profit/Margin

10 Today’s Honeywell

Recognition in 2013

Honeywell received more than

100 business & industry awards.

Top-tier media highlighted Honeywell’s success and leadership.

HR Executive of the Year

11 Today’s Honeywell

Honeywell’s Businesses

Aerospace Automation and

Control Solutions

Performance Materials and Technologies

Transportation Systems

Phoenix, AZ headquarters

$12 billion sales

Minneapolis, MN headquarters

$16.6 billion sales

Morristown, NJ headquarters

$6.8 billion sales

Rolle, Switzerland headquarters

$3.8 billion sales

12 Today’s Honeywell

Aerospace

Our mechanical and electrical

product offerings are used today on

virtually every commercial and

defense-related aircraft platform. We

innovate and integrate thousands of

products and services to advance

and easily deliver safe, efficient,

productive, and comfortable

experiences worldwide.

Businesses:

• Air Transport & Regional

• Business & General Aviation

• Defense & Space

$12 billion sales

Technologies:

• Integrated avionics and

communications systems

• Propulsion and mechanical systems

and components

• Conditioned-based maintenance,

logistics, and

flight management services

• Full-service solutions for airliners,

business and general aviation

aircraft, military aircraft, rotorcraft,

and spacecraft

Solutions:

• Runway safety

• Flight safety

• Air Traffic Management

• In-flight connectivity

• Propulsion

• Precision guidance

• Predictive intelligence

• Wheels and brakes

• Logistics services

13 Today’s Honeywell

Automation and Control Solutions

Our products and solutions give customers

the ability to capture more and better data

faster and across a wireless landscape,

improve productivity, safety, and security,

drive better decision making, and reduce

costs.

We are at work in 150 million homes, 10

million buildings, 5,000 industrial facilities,

and hundreds of gas and electric utilities

worldwide.

Businesses:

• Building Solutions

• Environmental and Combustion Controls

• Life Safety

• Security Group

• Scanning and Mobility

• Sensing and Control

$16.6 billion sales

• Building control systems; energy management and services

• Home comfort; building controls; combustion; wiring devices

• Fire alarm systems; gas detection; personal protective equipment; remote health monitoring

• Alarm systems; access control/video; low-voltage distribution (ADI); cable and custom electronics

• Automatic identification and data collection

• Sensors; switches; mission-critical applications

Technologies, Solutions, and Services:

14 Today’s Honeywell

Performance Materials and Technologies

A global leader in developing and

manufacturing advanced materials and

process technologies, which are used

every day in a wide range of industries

and applications, from petroleum

refining to environmentally friendlier

refrigerants to bullet-resistant vests.

Businesses:

• Honeywell’s UOP

• Fluorine Products

• Resins and Chemicals

• Specialty Products

• Electronic Materials

• Process Solutions

$6.8 billion sales

Technologies:

• Process technology, equipment, catalysts, adsorbents, and services for the refining, petrochemical, and natural gas industries

• Fluorine technology, including non-ozone-depleting and low-global-warming-potential refrigerants and blowing agents

• Specialty films, additives, and chemicals

• Advanced fibers and composites for armor and industrial applications

• Intermediate products, including nylon feedstock caprolactam, nylon resin, ammonium sulfate fertilizers, and chemical intermediates

• Electronic materials and chemicals

• Control systems for continuous-process industries; advanced solutions

15 Today’s Honeywell

Transportation Systems

From turbochargers enabling

fuel-saving and emission-

reducing engines to safety-

enhancing brake materials, our

technologies improve the

performance, safety, and efficiency

of passenger and commercial

vehicles worldwide.

Businesses:

• Turbo Technologies

• Friction Materials

$3.8 billion sales

Technologies:

• Turbochargers for passenger vehicles (gasoline, diesel, CNG, and hybrid), medium- and heavy-duty trucks, and off-highway, heavy-duty equipment

• Braking materials and brake pads for cars, commercial vehicles, and rail applications

16 Today’s Honeywell

Honeywell Operating Model

5 Initiatives and 12 Behaviors

Ho

ne

yw

ell

Use

r E

xp

erie

nce

(H

UE

)

STRAP AOP MRR

Management Systems

Business Processes Enablers

Foundation

Honeywell Operating System

(HOS)

Velocity Product Development™

(VPD)

Functional Transformation

(FT)

Order to Cash

New Product Introduction

Commercial Management

Product & Customer Support

Supply Base Management

Support Processes

Six Sigma Lean Cycle Time

Gold

17 Today’s Honeywell

• 5 Initiatives / 12 Behaviors

• Management Resource Review

- Rigorous Business Review Process

- CEO Interviews Top 200 Roles

• Trick Is In The Doing

- The Machinery Needs To Work

- Go Slow To Go Fast

- Achieve Two Seemingly Conflicting Things

• Foundational Tools - Six Sigma, Cycle Time

- ERP, 100% of Engineers at

CMMI Level 5 in 2015

• Innovation Mindset - Breakthrough Ideas Every Year

The Honeywell Business Model

One Honeywell Culture • Great Positions In Good Industries

• Acquisitions Are Incremental

- Bolt On Or Consistent Business Model

• Balance

- Long / Short Cycle

- Early / Mid / Late Cycle

• Globalization Opportunity

Consistent Business Model That Applies Effectively To

Every Honeywell Business … And Generates Results

• HOS Gold: Honeywell Operating Model

• VPDTM: Velocity Product Development

• FT: Functional Transformation

• OEF: Organizational Effectiveness

• HUE: HON User Experience

Po

rtfo

lio

P

rocesses

Applied

To

18 Today’s Honeywell

HOS Gold

Targeting The Sweet Spot Of Growth And Productivity

Growth Productivity

HOS Bronze+ Maturity VPDTM Bronze+ Maturity

130 VPDTM Units 270 Plants

60 HOS Gold

Enterprises

Building Blocks

One HON Culture Best In Class Processes Optimized Portfolio

Breakthrough Technologies

Innovative Market Leading Products

Continuous Improvement Culture

Consistent, Predictable Results

Cross-Functional Engagement HUE Best In Class Experiences

And

19 Today’s Honeywell

HOS Gold Execution

HOS Gold = Executing The HON Operating Model

• Continuous Improvement Beyond

The Four Walls Of The Factory

- Driving Sustainable Improvements

- Best In Class Execution

- Comprehensive Enterprise Approach

• VPD™ Plays A Key Part

- Measured By Quartile (Top/Bottom 10)

- Maturity Based On SBG Specific Metrics

- Technology Leadership Councils Driving New

Product Value And Speed

• Cross-Functional Engagement

- Incorporates SIOP Process, Pricing,

Commercial Excellence

What Does It Take?

Measured By Key Financial Metrics

• General Management Ownership

- Order To Cash: Customer Demand To Delivery

- NPI: End-To-End Product Life Cycle

- Integrated With Business Strategy

• Prerequisite:

- 100% VPD™ Bronze – All LOBs

- 70% Conversion Cost HOS Silver

- Broad Based Maturity Assessment

• Performance Criteria:

- Sustained Best-in-Class Financial Performance

- Relative Comparison To Macros/Peers

- Proven Customer Experience Improvement

What It Means?

Deliver And Sustain Exceptional Performance

Through Continuous Improvement

20 Today’s Honeywell

The Five Initiatives

Productivity driving margin

expansion

Growth faster than

served markets

Cash reinvestment,

shareholder

return

People the ultimate

differentiator

Enablers common tools

and processes

21 Today’s Honeywell

The Enablers

Enablers

common tools

and processes

Honeywell Operating System

Processes for safety, quality, delivery, cost, and

inventory excellence, which can provide a 20-year

competitive advantage.

Velocity Product Development™

Integrated strategies, processes, tools, and culture

that help us bring profitable products that

customers need and want, and are willing to pay

for, to market faster.

Functional Transformation

Standardizes the way we work, reducing waste

and helping us to do things better and faster at a

lower cost.

Honeywell User Experience (HUE)

Understands the needs of our users, customers,

and employees so that we design intuitive,

desirable, and differentiated end-to-end in

customer products, services, or internal company

systems.

22 Today’s Honeywell

Honeywell User Experience

23 Today’s Honeywell

Technology and Innovation

21,600 technologists worldwide

116 research & engineering facilities

34,000 patents granted or pending

Developing

solutions for the

world’s toughest

challenges

24 Today’s Honeywell

Sustainable Opportunity

>30% reduction in our greenhouse gas emissions*

>20% increase in our energy efficiency*

>100% better safety record than our industry averages

Making our

businesses more

environmentally

friendly, safer, and

more sustainable

*2007-2011

By 2017, Honeywell will reduce greenhouse gas

emissions by 15% per dollar of revenue from 2011

levels.

25 Today’s Honeywell

Strong Presence in Indonesia

1974

• Over 1,500 employees in

cities of Jakarta, Surabaya,

Purwakarta, Batam and

Bintan.

• The only TPE 331 heavy

service center in South East

Asia is located in Bandung.

• 100 percent of Indonesia’s

domestic paraxylene

production capacity is

enabled by UOP technology.

• Over 90 percent of the

gasoline and diesel fuel

produced within Indonesia is

manufactured using UOP

technology.

Facts & Figures

1974

• First Distributor

1992

• Representative Office Established

2005

• Aerospace Bintan Manufacturing Facility Opened

2011

• Acquired King’s Safetywear Ltd.

2012 and on

• Robust Business Expansions in Indonesia

26 Today’s Honeywell

Business Projects in Indonesia

• APU / Avionics

• Defense & Space

• Process Automation Solution

• Process Technology, Catalysts and Equipment

• Technology for Renewable Fuels

• Building Management System

• Security System (CCTV/Access Control/ Intrusion, …)

• Safety System (Fire alarm/ Voice Alarm/ Gas Detection / Public Address,…)

• HVAC Control

Aviation Solutions:

Building Automation:

Oil & Gas Solutions:

Chemical & Petrochemical

Technology:

• Various technologies adopted by Garuda, Lion Air, Indonesian Aerospace and the TNI military

• Strong partnership with business jet operators

• A TPE 331 heavy service centre in Bandung, the only one of its kind in SEA

• 100 percent of domestic paraxylene production capacity is enabled by UOP technology

• Commercial Buildings

• Government Buildings

• Hotels/ Resort Complex

• Manufacture Infra-structures

• Airport Terminals

• Hospitals

• Process Technology and Equipment

• Catalysts, Absorbents and Special Materials

• UOP’s technology has been used extensively in Indonesia since the mid-1940s

• Currently, over 90 percent of the gasoline and diesel fuel produced is manufactured using UOP technology

27 Today’s Honeywell

Honeywell Hometown Solutions

Housing & Shelter

Family Safety & Security

Science & Math

Humanitarian Relief

Habitat & Conservation

Currently completed 494 rehabilitation projects in North America

• Since 2003, more

than 15,500

Honeywell

volunteers have

repaired homes,

schools, and non-

profit centers in 42

Honeywell

communities in the

U.S., Canada,

Mexico, and Puerto

Rico.

Safety & abduction prevention programs in the U.S. and China

• 72,000 U.S. schools

• Every third grade class in the U.S.

• 640,000 students at 758 schools in 11 cities

FMA Live!

• 350,000 students in 933 middle schools

Honeywell Educators @ Space Academy

• 1,973 teachers from 45 countries and 50 U.S. states since 2004

Honeywell Leadership Challenge Academy

• 1156 students from 47 countries and 36 U.S. states since 2010

$9 million in aid since 2001

• 750 homes, 3 schools, 9 medical clinics, elder community center, and 200 wells repaired or rebuilt

• Responded to Typhoon Haiyan in the Philippines, Hurricane Sandy, wildfires in Colorado Springs, the earthquake and tsunami in Japan, earthquakes in China and Haiti, and flooding in Calgary

Honeywell Institute for Ecosystems Education

• 309 gifted and talented students since 2010

• 74 teachers participated and reached 9200+ students since 2011

Honeywell Green Boot Camp

• 210 teachers since 2008

28 Today’s Honeywell

Serving Communities in Indonesia

Boyke Ramdhani and Mala Rejeki Manurung, both math teachers from West Java, became the first Indonesian teachers to receive scholarships to attend Honeywell Educator @ Space Academy program in 2013.

Ignatius Vincent, a high school student from East Java, became the first Indonesian student to receive scholarships to attend Honeywell Leadership Challenge Academy in 2014.

375 homes in India and 125 homes in Indonesia constructed.

Donations worth $2,400 to Jakarta Flood Victims.

29 Today’s Honeywell

Great Positions in Good Industries

Energy Efficiency, Clean Energy

Generation, Safety & Security,

Expanding Global Wealth Per Capita,

and Customer Productivity

Chemicals,

Specialty

Materials &

Fertilizers

Safety &

Security

Aviation &

Defense

Automotive &

Transportation

Buildings,

Construction &

Maintenance

Consumer &

Home

Efficiency,

Energy &

Utilities

Fire Protection

& First

Responder

Healthcare &

Medical

Industrial

Process

Control

Manufacturing

Natural Gas,

Refining,

Petrochemicals

& Biofuels

Scanning &

Mobile

Productivity