Honeywell International Investor Presentation — September 2017

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Thomas A. Szlosek, Senior Vice President & CFOMORGAN STANLEY LAGUNA CONFERENCESeptember 13, 2017MS Laguna Conference

Forward Looking Statements

This report 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, expect, project, believ e or anticipate will or may occur in

the future are forward- looking statements. Forward- looking statements are based on management’s assumptions and assessments in l ight of past experience

and trends, current economic and industry conditions, expected future developments and other relevant factors. They are not guar antees of future performance,

and actual results, developments and business decisions may differ materially from those envisaged by our forward- looking statem ents. 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 Annual Report on Form 10- K and other filings with the Securities and Exchange C ommission.

Non- GAAP Financial Measures

This presentation contains financial measures on a non- GAAP basis. Honeywell’s non- GAAP financial measures used in this presenta tion includes organic sales

growth, which we define as sales growth less the impacts from foreign currency translation and acquisitions and divestitures forthe first 12 months following

transaction date; segment margin, on an overall Honeywell basis, which we define as segment profit divided by sales; free cash flow, which we define as cash

flow from operations less capital expenditures; and earnings per share, which we adjust to exclude pension mark -to-market expenses and to normalize quarterly

earnings per share measures for the expected effective tax rate for the three months ending September 30, 2017, as well as for o ther components, such as

divestitures and debt refinancings, as noted in the reconciliations presented in the Appendix. Other than references to repor tedearnings per share, all

references to earnings per share in this presentation are so adjusted. The respective tax rates applied when adjusting earnings per share for these items are

identified in reconciliations presented in the Appendix . Management believes that, when considered together with reported amounts, these measures are useful

to investors and management in understanding our ongoing operations and the analysis of ongoing operating trends. These metr icsshould be consideration in