Honeywell International Investor Presentation — January 2018

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January 26, 2018Earnings ReleaseFOURTH QUARTER 20174Q 2017 Earnings Release

January 26, 2018Forward 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 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 futur e developments and other factors they believe to be

appropriate. The forward-looking statements included in this presentation are also subject to a number of material risks and unc ertainties, including but not limited to economic,

competitive, governmental, and technological factors affecting our operations, markets, products, services and prices, as wel l as the ability to effect the separations. 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, including with respect to any changes in or abandonment of the proposed separations. 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.

Information regarding the impact of the Tax Cuts and Jobs Act of 2017 (“Tax Legislation”) consists of preliminary estimates w hich are forward-looking statements and are

subject to change, possibly materially, as the firm completes its financial statements. Information regarding the impact of Tax Legislation is based on our current calculations, as

well our current interpretations, assumptions and expectations relating to Tax Legislation, which are subject to further change.

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; organic sales g rowth, which we define as sales growth less

the impacts from foreign currency translation and acquisitions and divestitures for the first 12 months following transaction date; free cash flow, which we define as cash flow