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OVERVIEW 170306_UTC_OVERVIEW $1.2B+ invested 2 38,500+ degrees earned 6,000+ currently enrolled United Technologies is a leader in the global building and aerospace businesses. Our large investments in technology enable us to develop new and improved ways to keep people safe, comfortable, productive and on the move. By combining a passion for science with precision engineering, we create the smart, sustainable solutions that move the world forward. Otis The worlds leading manufacturer and maintainer of people moving products, including elevators, escalators and moving walkways. Advanced, energy-efficient technologies Customized solutions for low-, mid- and high-rise commercial, residential and infrastructure projects UTC Climate, Controls & Security UTC Climate, Controls & Security promotes safer and smarter sustainable buildings with state-of-the-art fire safety, security, building automation, heating, ventilating, air-conditioning and refrigeration systems and services. Carrier ® heating, air-conditioning, ventilation and refrigeration Kidde ® and Chubb ® fire safety and security Building automation Energy services Green building consulting AdvanTE 3 C system integration Pratt & Whitney A world leader in the design, manufacture and service of aircraft engines and auxiliary power units. Turbofan engines for commercial, business and military aircraft Turboprop engines for regional airline, business, utility and military aircraft Turboshaft engines for commercial and military helicopters Maintenance, repair, overhaul and fleet management services UTC Aerospace Systems One of the worlds largest suppliers of advanced aerospace products and systems for commercial, military and space customers. Actuation and propeller systems Aerostructures Electric systems Engine and environmental control systems Interiors Landing systems Intelligence, surveillance and reconnaissance and space systems BUSINESSES IN BALANCE UTC’s portfolio is balanced across customer segments, markets and geographies. NET SALES BY GEOGRAPHY AS A PERCENT OF TOTAL NET SALES NET SALES BY TYPE AS A PERCENT OF TOTAL NET SALES Commercial & Industrial 50% Military Aerospace & Space 12% Commercial Aerospace 38% Aftermarket 46% Original Equipment Manufacturing 54% Other 14% Asia Pacific 20% United States 38% Europe 28% More than 200,000 employees Net sales of $57.2 billion worldwide in 2016 Company- and customer-funded R&D investment of $3.7 billion in 2016 UNITED TECHNOLOGIES 1 As of December 31, 2016 2 Since program launch in 1996 MOVING THE WORLD FORWARD SUSTAINABILITY greenhouse gases -34% water consumption -60% Since 1997, UTC tripled its business size while reducing: EMPLOYEE SCHOLAR PROGRAM 1, 2 Launched in 1996, the UTC Employee Scholar Program covers the cost for employees to continue their education in any field they choose.

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OVERVIEW

1 7 0 3 0 6 _ U T C _ O V E R V I E W

$1.2B+ invested 2

38,500+ degrees earned

6,000+ currently enrolled

United Technologies is a leader in the global building and aerospace businesses. Our large investments in technology enable us to develop new and improved ways to keep people safe, comfortable, productive and on the move. By combining a passion for science with precision engineering, we create the smart, sustainable solutions that move the world forward.

OtisThe world’s leading manufacturer and maintainer of people moving products, including elevators, escalators and moving walkways.Advanced, energy-efficient technologies

Customized solutions for low-, mid- and high-rise commercial, residential and infrastructure projects

UTC Climate, Controls & Security UTC Climate, Controls & Security promotes safer and smarter sustainable buildings with state-of-the-art fire safety, security, building automation, heating, ventilating, air-conditioning and refrigeration systems and services.Carrier® heating, air-conditioning, ventilation and refrigeration

Kidde® and Chubb® fire safety and security

Building automation

Energy services

Green building consulting

AdvanTE3C system integration

Pratt & WhitneyA world leader in the design, manufacture and service of aircraft engines and auxiliary power units.Turbofan engines for commercial, business and military aircraft

Turboprop engines for regional airline, business, utility and military aircraft

Turboshaft engines for commercial and military helicopters

Maintenance, repair, overhaul and fleet management services

UTC Aerospace SystemsOne of the world’s largest suppliers of advanced aerospace products and systems for commercial, military and space customers.Actuation and propeller systems

Aerostructures

Electric systems

Engine and environmental control systems

Interiors

Landing systems

Intelligence, surveillance and reconnaissance and space systems

BUSINESSES IN BALANCE UTC’s portfolio is balanced across customer segments, markets and geographies.

NET SALES BY GEOGRAPHY AS A PERCENT OF TOTAL NET SALES

NET SALES BY TYPE AS A PERCENT OF TOTAL NET SALES

Commercial & Industrial 50%

Military Aerospace & Space 12%

Aftermarket 46%

Other 14%

Asia Pacific 20%

Original Equipment Manufacturing 54%

United States 38%

Europe 28%

Commercial Aerospace 38%

Commercial & Industrial 50%

Military Aerospace & Space 12%

Aftermarket 46%

Other 14%

Asia Pacific 20%

Original Equipment Manufacturing 54%

United States 38%

Europe 28%

Commercial Aerospace 38%

Commercial & Industrial 50%

Military Aerospace & Space 12%

Aftermarket 46%

Other 14%

Asia Pacific 20%

Original Equipment Manufacturing 54%

United States 38%

Europe 28%

Commercial Aerospace 38%

More than 200,000 employees

Net sales of $57.2 billion worldwide in 2016

Company- and customer-funded R&D investment of $3.7 billion in 2016

UNITED TECHNOLOGIES

1 As of December 31, 20162 Since program launch in 1996

MOVING THE WORLD FORWARD

SUSTAINABILITY

greenhouse gases

-34% water consumption

-60%

Since 1997, UTC tripled its business size while reducing:

EMPLOYEE SCHOLAR PROGRAM 1, 2

Launched in 1996, the UTC Employee Scholar Program covers the cost for employees to continue their education in any field they choose.

1 7 0 3 0 6 _ U T C _ O V E R V I E W

Pratt & Whitney’s game-changing PurePower Geared Turbofan (GTF) engine went into service early in 2016. Lufthansa German Airlines became the first company to take possession of an Airbus A320neo, a next-generation aircraft powered by the GTF engine.

Kidde’s Worry-Free product line features smoke, carbon monoxide (CO) and combination alarms, each proven to provide a decade of protection. In 2013 Kidde launched the first UL-listed CO alarm that lasts 10 years – up to twice the life span of other alarms.

Products from Otis, Carrier, Edwards, Kidde and Automated Logic have been chosen for New York City’s landmark Hudson Yards project, the largest private real estate development in U.S. history.

Carrier Transicold’s ultra-high-efficiency X4 Series with ecoFORWARDTM technology delivers the highest refrigeration capacities currently available while meeting the new diesel emission standards set by the U.S. Department of Environmental Protection. The X4 Series combines lower fuel consumption with lower maintenance costs, lighter weight and quieter operation.

Otis was selected to provide elevators and escalators at TwentyTwo Bishopsgate, a new iconic building currently under construction in London.

Air-data probes from UTC Aerospace Systems on the Airbus A350 XWB commercial jet supply critical information to the aircraft’s flight control and pilot display systems.

Pratt & Whitney’s ultra-efficient PurePower® PW1000G engine, with UTC Aerospace Systems nacelles, ushers in a new era for the aerospace industry.

UTC Aerospace Systems designs, manufactures and integrates nacelles, thrust reversers, pylons and flight control surfaces for commercial and military aircraft.

The new, expanded-capacity AquaEdge™ water-cooled chillers from Carrier are designed to provide sustainable, reliable and quiet operation for the large commercial buildings, data centers and infrastructure projects of today’s fast-growing cities.

The F-35 Lightning II, powered by Pratt & Whitney’s F135 engine, is the most technologically advanced fighter jet in history.

The Otis Gen2® compact gearless elevator has transformed the industry, replacing conventional steel ropes with flexible coated steel belts to minimize noise, vibration and energy consumption.

UTC Aerospace Systems designs, manufactures and services fully integrated landing systems such as main and nose gear structures, electric and hydraulically actuated brakes with steel or carbon friction material, and brake control systems.

Facebook: United Technologies CorporationInstagram: unitedtechnologiescorporationTwitter: @UTCwww.utc.com

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