Honeywell International Investor Presentation — October 2017

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PORTFOLIO UPDATEOctober 10, 2017Portfolio Update

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 release are also subject to a number of material risks and uncertainties, including but not limit ed to economic, competitive, governmental, and technological

factors affecting our operations, markets, products, services and prices, as well as the ability to effect the separations an d meet the related conditions noted above. Such forward -

looking statements are not guarantees of future performance, and actual results, developments and business decisions may diff er 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 ri sksand uncertainties that affect our performance in our

Form 10 -K and other filings with the Securities and Exchange Commission. In addition, third -quarter results contained herein ar e preliminary and may differ from our actual results that

will be reported in our third -quarter earnings release and Form 10 -Q filed on October 20, 2017.

This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not cons titute an offer, solicitation or sale in any jurisdiction in which such

offer, solicitation or sale would be unlawful.

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 and acquisitions and divestitures for the first 12 months following transaction date; free cash flow, which we define as cash flow from operations less capital