Today’s Honeywell

Honeywell Company Overview2008

2 Today’s Honeywell

Company Overview

• 122,000 employees in more than 100 countries

• A Fortune 100 company – sales of $34.6 billion in 2007

• “Corporate Social Responsibility Award”– Foreign Policy Association

• “The Alexander Hamilton Award”– Treasury and Risk magazine

• “Most Admired Companies”– U.S. Black Engineer & Information Technology, Hispanic Engineer & Information Technology, Science Spectrum and Women of Color magazines

3 Today’s Honeywell

Company Leadership

CHAIRMAN & CEODave Cote

PRESIDENTBusiness & General

AviationRob Wilson

PRESIDENTAir Transport &

RegionalGarrett Mikita

PRESIDENT & CEOAerospaceRob Gillette

PRESIDENTHoneywell

Process SolutionsJack Bolick

PRESIDENTHoneywell

Building SolutionsJoe Puishys

PRESIDENT & CEOAutomation and Control Solutions

Roger Fradin

PRESIDENT & CEOSpecialty Materials

Nance Dicciani

PRESIDENTTurbo Technologies, Passenger Vehicles

Alex Ismail

PRESIDENT & CEOTransportation Systems

Adriane Brown

PRESIDENTTurbo Technologies, Commercial Vehicles

Jeff Donnell

SR. VICE PRESIDENT &Chief Financial Officer

Dave Anderson

SR. VICE PRESIDENTTechnology and

Operations Larry Kittelberger

SR. VICE PRESIDENT &General CounselPeter Kreindler

SR. VICE PRESIDENTHuman Resources and

CommunicationsMark James

VP/GMPerformance

ProductsJeremy Steinfink

VP/GMFluorine Products

Terrence Hahn

VP/GMResins & Chemicals

Qamar Bhatia

VP/GMElectronic Materials

Rebecca Liebert

PRESIDENT & CEOUOP LLC

Carlos A. Cabrera

PRESIDENTEnvironmental and

Combustion ControlsAndreas Kramvis

PRESIDENTDefense &

SpaceEd Wheeler

PRESIDENTSensing and Control

Beth Wozniak

PRESIDENTLife SafetyMark Levy

PRESIDENTSecurity

Ben Cornett

VP/GMSpecialty Chemicals

Jack Boss

VICE PRESIDENTStrategy & Business

DevelopmentRhonda Germany

PRESIDENTChina

Shane Tedjarati

PRESIDENTConsumer Products

GroupChris Stephens

4 Today’s Honeywell

Honeywell’s Businesses

Diverse Businesses, Technologies and Products

2007 Sales

$12.2B$12.2B

$5.0B$5.0B$12.5B

$4.9BAerospaceSpecialty

Materials

Automationand Control Solutions

TransportationSystems

Total = $34.6B

5 Today’s Honeywell

Honeywell Initiatives and Behaviors

• 5 Initiatives-Growth

-Productivity

-Cash

-People

-Enablers: Honeywell Operating System, Functional Transformation and Velocity Product Development™

• 12 Behaviors-Growth and Customer Focus

-Leadership Impact

-Gets Results

-Makes People Better

-Champions Change

-Fosters Teamwork and Diversity

-Global Mindset

- Intelligent Risk Taking

-Self-Aware/Learner

-Effective Communicator

- Integrative Thinker

-Technical or Functional Excellence

6 Today’s Honeywell

The 4 Pillars of Growth

• Doing a superb job each and every day for our customers in quality, delivery, value, and technology

• Building a superior Sales and Marketing organization

• Globalization

• Creating a set of robust, funded technology roadmaps for new products and services

Each Business Has Developed a Growth Game Plan

Honeywell’s first initiative is Growth. We will pursue organic growth through four fundamental strategies, or “pillars”:

7 Today’s Honeywell

Aerospace

The world’s premier supplier of aircraft engines and systems, avionics andother products and services for airliners, business and general aviation aircraft, military aircraft and spacecraft.

Businesses:Air Transport & Regional, Business & General Aviation,Defense & Space

Products:- Aircraft engines- Auxiliary power units- Integrated avionics and aircraft control systems- Aircraft safety systems- Precision guidance and navigation- Environmental control systems- Electric generation and distribution systems- Landing systems- Repair & overhaul- Spare parts- Support & services for space and communications

facilities- After-sales support solutions- Aircraft lighting- Aircraft cabin entertainment and passenger productivity

products/systems

8 Today’s Honeywell

Aerospace

Representative Customers:EADS/Airbus, Bell, Boeing, Bombardier, Cessna Dassault, Embraer, Fairchild Dornier, FedEx, General Electric, Gulfstream, Hughes,Lockheed Martin, Northrop Grumman, Raytheon, Sikorsky, Sino Swearingen,United Technologies, U.S. Department of Defense, U.S. Department of Energy,U.S. National Aeronautics and Space Administration (NASA), and leading airlinesand airport authorities

Competitive Strengths:Breadth and depth of products/services; Systems integration; Extended services; Enhanced safety; Greater reliability; Value to the customer

Global Presence:41,600 employees worldwideHeadquarters: Phoenix, Arizona

Sales:$12.2 billion in 2007

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Automation and Control Solutions

A global leader in product and solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe,comfortable environments in homes, buildings and industry. More than 100 million homes and buildings as well as in 24 of 25 top oil refineries rely on ACS products and services.

Businesses:Environmental and Combustion Control, Life Safety, Honeywell Building Solutions, Honeywell Process Solutions, Security, Sensing & Control

Products and Services include:- Advanced software applications for home/building control

and industrial optimization- Industrial process automation- Building automation, controls and services; airport lighting- Security, video surveillance, people and asset tracking and

access control- Fire detection, gas detection and industrial safety- Home automation; Heating, cooling, ventilation, air

conditioning, humidification; Home health monitoring systems

- Sensors, switches, control systems and instruments for measuring pressure, air flow, temperature, electrical current

- Drinking water solutions- Combustion control solutions

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Automation and Control Solutions

Representative Customers:Alcoa, AstraZeneca, BASF, Boeing, Brinks, ChevronTexaco, DaimlerChrysler, DuPont, ExxonMobil, General Motors, ConocoPhillips, Procter & Gamble, Qatar General Petroleum, Sasol, Sinopec, Stora Enso, Sydney Airport, TotalFinaElf, Weyerhaeuser, homebuilders, contractors, architects and homeowners

Competitive Strengths:Strong customer relationships; large installed base; high-technology open-systems solutions & integration expertise; broad distribution channels; global brand recognition; broad range of products, systems, commitment and passion to service

Global Presence:55,000+ employees in more than 100 countriesHeadquarters: Minneapolis, Minnesota

Sales$12.5 billion in 2007

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Transportation Systems

Businesses:Turbo TechnologiesConsumer Products Group

Products:- Garrett® turbochargers- Prestone® antifreeze/coolant- Autolite® platinum spark plugs- FRAM® automotive filters- Holts® car care products- Bendix® and Jurid® brake pads

The world’s leading innovator of automotive turbochargers. We offer someof the best-known consumer automotive product brands and manufacture world-class braking material for major auto manufacturers around the world.

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Representative Customers:Advance Auto Parts, Audi, Auto Zone, BMW, Bosch, Canadian Tire, Continental Teves, CSK Auto, DaimlerChrysler, Ford, General Motors, Honda, Hyundai, Nissan, Renault, TRW, Volkswagen, Volvo, Wal-Mart

Competitive Strengths:Innovative technologies, strong R&D capabilities,superior brand recognition, strong customerrelationships, broad distribution network,original equipment experience

Global Presence:12,000+ employees in 18 countries.Headquarters: Torrance, California

Sales:$5.0 billion in 2007

Transportation Systems

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Specialty Materials

Businesses:Electronic Materials, Fluorine Products, Performance Products, Resins & Chemicals, Specialty Chemicals,UOP LLC

Products:- Aclar® film packaging- Enovate® non-ozone depleting blowing agent- Spectra® high-performance fiber- Solvents and reagents for biotechnology and

pharmaceuticals - Ammonium sulfate fertilizers- Nylon feedstock- Aegis™ resins- Lumilux® luminescent pigments- Genetron® environmentally-friendlier refrigerants- Wafer thinning materials- Process technology, catalysts, adsorbents and technical

services for the petroleum refining, petrochemical andgas processing industries

A global leader in providing customers with high-performance specialty materials, including fluorocarbons, specialty films and additives, advanced fibers and composites, customized research chemicals, electronicmaterials and chemicals, catalysts and adsorbents and process technology, engineering, equipment and services for the petrochemical industry.

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Representative Customers:Intel, Motorola, IBM, Samsung, Infineon Technologies, Carrier Corp., Haier Group, BaySystems, Dow Chemical, BASF, U.S. Military, Pfizer, GlaxoSmithKline, Mohawk, Shaw

Competitive Strengths:Focus on core growth platform technologieswith strong IP protection in high-growthmarkets ranging from semiconductors toarmor; worldwide brand recognition; broadrange of customers; recognized as leaderin high-purity chemicals

Global Presence:More than 9,600 employees in more than 50locations worldwideHeadquarters: Morristown, New Jersey

Sales$4.9 billion in 2007

Specialty Materials