Honeywell International Investor Presentation — October 2017

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Earnings ReleaseTHIRD QUARTER 2017October 20, 20173Q 2017 Earnings Release

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 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 release are also subject to a number of material risks and uncertai nties, 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.

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

from operations less capital expenditures; free cash flow conversion, which we define as free cash flow divided by net income attributable to Honeywell; and earnings per share,

which we adjust to exclude pension mark -to-market expenses and to normalize quarterly earnings per share measures for the expect ed effective tax rate as previously guided

for the most recently completed fiscal quarter, as well as for other components, such as divestitures and debt refinancings, as noted in the reconciliations presented in the