Today’s Honeywell Honeywell Company Overview 2008 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 2 Today’s Honeywell Company Leadership CHAIRMAN & CEO Dave Cote PRESIDENT & CEO Aerospace Rob Gillette PRESIDENT & CEO Automation and Control Solutions Roger Fradin PRESIDENT & CEO Transportation Systems Adriane Brown PRESIDENT & CEO Specialty Materials Nance Dicciani SR. VICE PRESIDENT & Chief Financial Officer Dave Anderson PRESIDENT Air Transport & Regional Garrett Mikita PRESIDENT Sensing and Control Beth Wozniak PRESIDENT Honeywell Process Solutions Jack Bolick PRESIDENT Turbo Technologies, Passenger Vehicles Alex Ismail VP/GM Performance Products Jeremy Steinfink VP/GM Electronic Materials Rebecca Liebert SR. VICE PRESIDENT & General Counsel Peter Kreindler PRESIDENT Business & General Aviation Rob Wilson PRESIDENT Security Ben Cornett PRESIDENT Honeywell Building Solutions Joe Puishys PRESIDENT Turbo Technologies, Commercial Vehicles Jeff Donnell VP/GM Fluorine Products Terrence Hahn PRESIDENT & CEO UOP LLC Carlos A. Cabrera SR. VICE PRESIDENT Human Resources and Communications Mark James PRESIDENT Defense & Space Ed Wheeler PRESIDENT Life Safety Mark Levy PRESIDENT Environmental and Combustion Controls Andreas Kramvis PRESIDENT Consumer Products Group Chris Stephens VP/GM Resins & Chemicals Qamar Bhatia VP/GM Specialty Chemicals Jack Boss SR. VICE PRESIDENT Technology and Operations Larry Kittelberger VICE PRESIDENT Strategy & Business Development Rhonda Germany PRESIDENT China Shane Tedjarati 3 Today’s Honeywell Honeywell’s Businesses Specialty Materials 2007 Sales Aerospace $4.9B $12.2B $12.5B $5.0B Automation and Control Solutions Transportation Systems Total = $34.6B Diverse Businesses, Technologies and Products 4 Today’s Honeywell Honeywell Initiatives and Behaviors • 5 Initiatives - Growth - Productivity - Cash - People - Enablers: Honeywell Operating System, Functional Transformation and Velocity Product Development™ 5 • 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 Today’s Honeywell The 4 Pillars of Growth Honeywell’s first initiative is Growth. We will pursue organic growth through four fundamental strategies, or “pillars”: • 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 6 Today’s Honeywell Aerospace The world’s premier supplier of aircraft engines and systems, avionics and other 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 7 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 airlines and 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 worldwide Headquarters: Phoenix, Arizona Sales: $12.2 billion in 2007 8 Today’s Honeywell 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 9 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 Today’s Honeywell 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 countries Headquarters: Minneapolis, Minnesota Sales $12.5 billion in 2007 10 Today’s Honeywell Transportation Systems The world’s leading innovator of automotive turbochargers. We offer some of the best-known consumer automotive product brands and manufacture world-class braking material for major auto manufacturers around the world. Businesses: Turbo Technologies Consumer Products Group Products: - 11 Garrett® turbochargers Prestone® antifreeze/coolant Autolite® platinum spark plugs FRAM® automotive filters Holts® car care products Bendix® and Jurid® brake pads Today’s Honeywell Transportation Systems 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 customer relationships, broad distribution network, original equipment experience Global Presence: 12,000+ employees in 18 countries. Headquarters: Torrance, California Sales: $5.0 billion in 2007 12 Today’s Honeywell Specialty Materials A global leader in providing customers with high-performance specialty materials, including fluorocarbons, specialty films and additives, advanced fibers and composites, customized research chemicals, electronic materials and chemicals, catalysts and adsorbents and process technology, engineering, equipment and services for the petrochemical industry. Businesses: Electronic Materials, Fluorine Products, Performance Products, Resins & Chemicals, Specialty Chemicals, UOP LLC Products: 13 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 and gas processing industries Today’s Honeywell Specialty Materials 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 technologies with strong IP protection in high-growth markets ranging from semiconductors to armor; worldwide brand recognition; broad range of customers; recognized as leader in high-purity chemicals Global Presence: More than 9,600 employees in more than 50 locations worldwide Headquarters: Morristown, New Jersey Sales $4.9 billion in 2007 14 Today’s Honeywell