Investor Day

September 8, 2021

Johnson Controls has deep expertise and a deserved reputation for innovation stretching back more than 135 years.

We prize our past. We are proud of it. But we don't live in it.

We know today is the best time to build tomorrow.

We have a glorious impatience to make the future.

Johnson Controls is perfectly positioned in this market:

we have the products, we have the presence, and we have the people.

Three key words guide our vision: Better | Bolder | Building.

We say Better as we have always known success. But we want to be better for our customers, better for our people and better for our shareholders.

We say Bolder as we reward pioneering thinking that positions us as market leaders. We empower decision-makers with the boldness to make the tough, impactful choices.

And we say Building - not just concrete, glass, bricks and mortar, but in terms of excelling as we grow our company. We build technology, we build solutions, we build leaders - we are building a smart, safe, sustainable world.

We're transforming our world tomorrow and beyond.

Thank you for your support.

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Forward Looking & Cautionary Statements / Non-GAAP Financial Information

Johnson Controls International plc Cautionary Statement Regarding Forward-Looking Statements

Johnson Controls International plc has made statements in this communication that are forward-looking and therefore are subject to risks and uncertainties. All statements in this document other than statements of historical fact are, or could be, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In this communication, statements regarding Johnson Controls' future financial position, sales, costs, earnings, cash flows, other measures of results of operations, synergies and integration opportunities, capital expenditures and debt levels are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" and terms of similar meaning are also generally intended to identify forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Johnson Controls cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Johnson Controls' control, that could cause Johnson Controls' actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: Johnson Controls' ability to manage general economic, business, capital market and geopolitical conditions, including global inflation; Johnson Controls' ability to manage the impacts of natural disasters, climate change, pandemics and outbreaks of contagious diseases and other adverse public health developments, such as the COVID-19 pandemic; the strength of the U.S. or other economies; changes or uncertainty in laws, regulations, rates, policies or interpretations that impact Johnson Controls' business operations or tax status; the ability to develop or acquire new products and technologies that achieve market acceptance; changes to laws or policies governing foreign trade, including increased tariffs or trade restrictions; maintaining the capacity, reliability and security of Johnson Controls' enterprise and product information technology infrastructure; the risk of infringement or expiration of intellectual property rights; any delay or inability of Johnson Controls to realize the expected benefits and synergies of recent portfolio transactions such as its merger with Tyco and the disposition of the Power Solutions business; the outcome of litigation and governmental proceedings; the ability to hire and retain key senior management; the tax treatment of recent portfolio transactions; significant transaction costs and/or unknown liabilities associated with such transactions; the availability of raw materials and component products; fluctuations in currency exchange rates; labor shortages, work stoppages, union negotiations, labor disputes and other matters associated with the labor force; the cancellation of or changes to commercial arrangements. A detailed discussion of risks related to Johnson Controls' business is included in the section entitled "Risk Factors" in Johnson Controls' Annual Report on Form 10-K for the year ended September 30, 2020 filed with the United States Securities and Exchange Commission ("SEC") on November 16, 2020, which is available at www.sec.gov and www.johnsoncontrols.com under the "Investors" tab. Shareholders, potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this communication are made only as of the date of this document, unless otherwise specified, and, except as required by law, Johnson Controls assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this communication.

Non-GAAP Financial Information

This presentation contains financial information regarding adjusted earnings per share, which is a non-GAAP performance measure. The adjusting items include restructuring and impairment costs, integration costs, net mark-to-market adjustments, transaction costs and other nonrecurring costs, Power Solutions divestiture reserve adjustment and discrete tax items. Financial information regarding organic revenue growth, adjusted segment EBITA, adjusted segment EBITA margin, adjusted Corporate expense, free cash flow and free cash flow conversion are also presented, which are non-GAAP performance measures. Adjusted segment EBITA excludes special items such integration costs, transaction costs and other nonrecurring items because these items are not considered to be directly related to the underlying operating performance of the Company's business units. Management believes that, when considered together with unadjusted amounts, these non-GAAP measures are useful to investors in understanding period-over-period operating results and business trends of the Company. Management may also use these metrics as guides in forecasting, budgeting and long-term planning processes and for compensation purposes. These metrics should be considered in addition to, and not as replacements for, the most comparable GAAP measure. For further information on the calculation of the non- GAAP measures and a reconciliation of these non-GAAP measures, refer to the attached appendix.

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Investor Day

4

STRATEGIC OVERVIEW

George Oliver, Chairman & Chief Executive Officer

ENVIRONMENTAL, SOCIAL & GOVERNANCE

Katie McGinty, VP, Chief Sustainability, Government & Regulatory Affairs Officer

PRODUCT LEADERSHIP

Jeff Williams, VP & President Global Products

TECHNOLOGY LEADERSHIP / OPENBLUE

Vijay Sankaran, VP & Chief Technology Officer

BREAK

DIGITAL SERVICES

Ganesh Ramaswamy, VP & President Global Services

SMART BUILDINGS

Michael Ellis, EVP, Chief Customer & Digital Officer

DECARBONIZATION / HEAT PUMPS

Visal Leng, VP & President Asia Pacific

Nate Manning, VP & President North America Tomas Brannemo, VP & President EMEALA

FINANCIAL OUTLOOK

Olivier Leonetti, EVP & Chief Financial Officer

CONCLUSIONS AND Q&A

Moderated by: Antonella Franzen, VP, Chief Investor Relations & Communications Officer

Better | Bolder | Building

Strategic Overview

George Oliver, Chairman & Chief Executive Officer

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Johnson Controls International plc published this content on 08 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2021 15:41:02 UTC.