Honeywell International : Jefferies Industrials Conference Presentation

JEFFERIES INDUSTRIALS CONFERENCE

MIKE MADSEN

PRESIDENT AND CHIEF EXECUTIVE OFFICER

AEROSPACE

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 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, technological,

COVID-19 public health factors or impacts of the Russia-Ukraine conflict affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, and other developments, including the potential impact of the COVID-19 pandemic, the Russia-Ukraine conflict, and business decisions may differ from those envisaged by such forward-looking statements. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. We identify the principal risks and uncertainties that affect or performance in our Form 10-K and other filings with the Securities and Exchange Commission.

Jefferies Industrials Conference - August 9, 2022

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AERO KEY MESSAGES

Long Term Tailwinds

• Well-positioned to take advantage of accelerating bizjet OEM jet growth and widebody return to flight
• Industry leading cost position - growing investment as percent of sales while expanding segment margin to 29% by 2024
• Great positions on growing defense programs (F-35, GBSD, B-21, National Programs)
• Best in class space franchises
  (RWA's, CMG's, optical interlinks)

Best in Class Positioning for Future of Aviation

• $25B FLRAA engine win with Boeing / SIK sets up multi-decadeopportunity
• Over $3.5B in UAM / UAS equipment wins with $7B pipeline
• Revolutionizing flight decks in all markets with Honeywell Anthem®
• Industry leading R&D investment profile at a rate of 5% - 8% of revenue
• Retrofits / Modifications / Upgrades (RMUs): $800M+ per year and growing to $1B+ by 2024

Productivity Improvements

Driving Continued Margin

Expansion

• Digitized Processes: >75% of customer transactions M-to-M
• Leader in Connected Systems: Installed on 10,000+ aircraft
• One instance of ERP across entire enterprise
• 50% reduction in manufacturing footprint (2016 - 2022)
• Breakthrough Initiatives: vapor cycle cooling, alternative nav, electromechanical actuation, and LIDAR systems

Leading the Industry Today and Tomorrow

Jefferies Industrials Conference - August 9, 2022

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AERO EXCITING MARKET OUTLOOK

ATR Flight Hour Recovery Led by Widebody Platforms

• Earn 3x more sales dollars per flight hour on widebody planes

Business Jet		Innovative		Industry-Leading		Great Positions on
Market Setting		Decoupled
		Cost Position		Growing Platforms
Record Levels		Portfolio

• 2021 business jet flight	• Revenue >$800M in	• Industry-leadingR&D	• ATR: 737 MAX,
hours exceeded 2019	2021 and growing at	investment profile	A320neo, A350
by 10%	10% CAGR

AEROSPACE GROWTH OUTLOOK

Air Transport (ATR)Business Aviation (BGA)Defense (D&S)

DD%	MSD%	LSD%
CAGR	CAGR	CAGR
	Well-Positioned to Capture Market Upcycle

Jefferies Industrials Conference - August 9, 2022

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AERO INVESTMENT PRIORITIES

ADVANCING FRANCHISE TECHNOLOGIES

Next-Gen Navigation for	Next Gen Cockpit for
Defense and UAM	All Market Verticals
Entry Into Service: 2024	Entry Into Service: 2023
2030 Revenue: ~$80M	2030 Revenue: ~$500M
Decoupled Revenue Investments
Next Gen SATCOM Systems
Retrofits/Mods/Upgrades
Hybrid Power Systems
Entry Into Service: Today
2030 Revenue >$1B
Military Turboshaft and Next-Gen Business	Family of Vapor Cycle Cooling Systems for
Bizjet, Gen Av, Helos, and UAM
Aviation Propulsion
Entry Into Service: 2023
Entry Into Service: 2025 thru 2030
2030 Revenue: ~$250M
2030 Revenue: ~$700M

Growing R&D Investments While Expanding Margins

Jefferies Industrials Conference - August 9, 2022

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