Honeywell International Investor Presentation — September 2018

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Greg Lewis, Senior Vice President and Chief Financial OfficerVRP 9TH ANNUAL INDUSTRIAL CONFERENCE

September 5, 2018VRP Conference

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, expect s, 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 o f their experience and their perception of historical trends,

current economic and industry conditions, expected future 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 uncertainties, including but not limited to economic, competitive, governmental, an d technological factors affecting our operations, markets, products,

services and prices, as well as the ability to effect the separations. Such forward -looking statements are not guarantees of fut ure 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 abando nment 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 Commissi on.

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 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 growth, which we define as sales g rowth less the impacts from foreign currency translation, acquisitions

and divestitures for the first 12 months following transaction date, and impacts from adoption of the new accounting guidance onrevenue from contracts with customers that arise solely due to

non-comparable accounting treatment of contracts existing in the prior period; free cash flow, which we define as cash flow from operations less capital expenditures and which we adjust to

exclude impact of separation cost related to the Garrett and Resideo spin-offs, if and as noted in the presentation; free cash flow conversion, which we define as free cash flow divided by net