Honeywell International Investor Presentation — March 2017

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Darius Adamczyk, President & COOJ.P. MORGAN AVIATION , TRANSPORTATION AND

INDUSTRIALS CONFERENCE March 14, 2017J.P. Morgan Conference

Forward Looking Statements

This presentation contains “forward -looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All

statements, other than statements of fact, that address activities, events or developments that we or our management intend, exp ect,

project, believe or anticipate will or may occur in the future are forward -looking statements. Forward-looking statements are ba sed on

management’s assumptions and assessments in light of past experience and trends, current market, economic, legislative, polit ical,

regulatory and industry conditions, expected future developments and other relevant factors. Actual capital deployment will depend on

timing and final details of changes to tax code as well as then current market and operating conditions. Forward looking stat ements

are not guarantees of future performance, and actual results, developments and business decisions may differ from those envis aged

by our forward -looking statements. Our forward -looking statements are also subject to risks and uncertainties, which can affect our

performance in both the near -and long -term. 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.

Non-GAAP Financial Measures

This presentation contains financial measures presented on a non-GAAP basis. Honeywell’s non-GAAP financial measures in this

presentation include segment profit, a measure by which we assess operating performance, which we define as operating income adjusted for certain items; segment margin, which we define as segment profit divided by sales; free cash flow, which we define as

cash flow from operations less capital expenditures; free cash flow conversion, which we define as free cash flow divided by net

income excluding pension mark -to market expenses ; and earnings per share adjusted to exclude pension mark -to-market expenses.

Management believes that, when considered together with reported amounts, these measures are useful to investors and

management in understanding our ongoing operations and in analysis of ongoing operating trends. These metrics should be considered in addition to, and not as replacements for, the most comparable GAAP measure.J.P. Morgan Conference

March 14, 2017 Value Creation Accelerates2

•Accelerate Organic Growth -Across All Business Segments

•Expand Margins Via Continued Productivity Rigor