Honeywell International Investor Presentation — February 2019

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February 1, 2019FOURTH QUARTER 2018 EARNINGS AND

2019 OUTLOOK2019 Outlook

Forward Looking Statements

This presentation 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 manageme nt 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 assessmen ts made by our management in light of their

experience and their perception of historical trends, current economic and industry conditions, expected future developments andother factors they believe to be appropriate.

The forward -looking statements included in this presentation are also subject to a number of material risks and uncertainties, i ncluding but not limited to economic, competitive,

governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward -looking s tatements are not guarantees of future

performance, and actual results, developments and business decisions may differ from those envisaged by such forward -looking sta tements. Any forward -looking plans

described herein are not final and may be modified or abandoned at any time. We identify the principal risks and uncertainti es that affect our performance in our Form 10 -K and

other filings with the Securities and Exchange Commission.

Non-GAAP Financial Measures

This presentation contains financial measures presented on a non -GAAP basis. Honeywell’s non -GAAP financial measures used in thi s presentation are as follows: segment

profit, on an overall Honeywell basis, a measure by which we assess operating performance, which we define as operating incom e adjusted for certain items as presented in the

Appendix; segment margin, on an overall Honeywell basis, which we define as segment profit divided by sales and which we adju st to exclude sales and segment profit

contribution from Resideo and Garrett in 2018, if and as noted in the presentation; organic sales growth, which we define as sales growth less the impa cts from foreign currency

translation, acquisitions and divestitures for the first 12 months following transaction date, and impacts from adoption of t he new accounting guidance on revenue from contracts

with customers that arise solely due to non -comparable accounting treatment of contracts existing in the prior period; adjusted free cash flow, which we define as cash flow from

operations less capital expenditures and which we adjust to exclude the impact of separation costs related to the spin -offs of Resideo and Garrett, if and as noted in the