United Technologies Investor Presentation — February 2019

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Barclays Industrial Select Conference

Chairman & CEOCautionary StatementPlease note: The Barclays conference is a “fireside chat” format and as such

does not have a formal slide deck. Contained herein is UTC’s cautionary

statement regarding forward looking statements, and reconciliations to GAAP

that are applicable to information being discussed.Cautionary Statement

This communication contains statements which, totheextent they arenotstatements ofhistorical orpresent fact, constitute “forward -looking statements” under thesecurities laws.From time totime, oralorwritten forward -looking

statements may also beincluded inother information released tothepublic .These forward -looking statements areintended toprovide management’s current expectations orplans forourfuture operating and financial

performance, based onassumptions currently believed tobevalid.These forward -looking statements areintended toprovide management’s current expectations orplans forourfuture operating andfinancial performance,

based onassumptions currently believed tobevalid.Forward -looking statements canbeidentified bytheuseofwords such as"believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target,"

"anticipate," "will," "should," "see," "guidance," "outlook", "confident" andother words ofsimilar meaning inconnection with adiscussion offuture operating orfinancial performance oroftheseparation transactions .Forward -

looking statements may include, among other things, statements relating tofuture sales, earnings, cash flow, results ofoperations, uses ofcash, share repurchases, taxrates andother measures offinancial performance or