Honeywell International Investor Presentation — February 2019

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February 7, 2019COWEN AEROSPACE/DEFENSE AND

INDUSTRIALS CONFERENCE

Pieter Krynauw, President, Honeywell IntelligratedCowen Conference

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 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 f actors they believe to be appropriate. The forward -looking

statements included in this presentation 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. Any forward -looking plan s described herein are not final and may be

modified or abandoned at any time. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange

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 income adjusted forcertain items as presented in the Appendix;

segment margin, on an overall Honeywell basis, which we define as segment profit divided by sales; organic sales growth, whic h we define as sales growth less the impacts from foreign

currency translation, acquisitions and divestitures for the first 12 months following transaction date, and impacts from adop tion of the 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 -offsof Resideo and Garrett, if and as noted in the