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8/12/2019 2012 HON NBAA Presentation
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NBAA 2012 Market UpdateOctober 2012
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Honeywell NBAA Presentation - October 20122
Forward Looking Statements
This report contains forward-looking statements within the meaning of Section
21E of the Securities Exchange Act of 1934. All statements, other thanstatements of fact, that address activities, events or developments that we or
our management intend, expect, project, believe or anticipate will or may occur
in the future are forward-looking statements. Forward-looking statements are
based on managements assumptions and assessments in light of past
experience and trends, current economic and industry conditions, expected
future developments and other relevant factors. They are not guarantees of
future performance, and actual results, developments and business decisions
may differ from those envisaged by our forward-looking statements. Our
forward-looking statements are also subject to risks and uncertainties, which
can affect our performance in both the near- and long-term. We identify the
principal risks and uncertainties that affect our performance in our Form 10-K
and other filings with the Securities and Exchange Commission.
8/12/2019 2012 HON NBAA Presentation
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Honeywell NBAA Presentation - October 20123
2012 Business Aviation Outlook
26thYear Of Survey, 21stPublic Report Release
1,500 Corp Flight Depts From Around The World
- Aircraft Manufacturers And Other Sources
5 Yr Purchase Plans Steady Relative To 2011
- In Line With Pre-Recession Levels
International Demand Gains Share
Modest Delivery Growth In 2012-2013 Over 2011
- Current Development Programs Boost Outlook In
2013 And Beyond
Long-Term Outlook: Moderate Recovery
- Up To 10,000 Aircraft Worth $250B Projected From2012-2022
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Honeywell NBAA Presentation - October 20124
Five Year Purchase Plans For New Jets
0%
10%
20%
30%
40%
50%
FleetReplacement&ExpansionPercenta
ge
Additions Replacements
32%33%
25%
23%
24% 25% 26%24%
14%
30%
22%23%21%
13%14%14%
40%
30%30%30%
2012 Purchase Plans Steady At 30 , OperatorsRemain Cautious About Slower Economic Growth
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Honeywell NBAA Presentation - October 20125
Purchase Expectations By Region
0%
20%
40%
60%
80%
Asia Middle East/ Africa
Europe LatinAmerica
NorthAmerica
BRICCountries
2009
2010
2011
2012
BRIC Countries Purchase Plans Still Worlds HighestLat Am And E. Europe Offset Softness In APAC & AME
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Honeywell NBAA Presentation - October 20126
Tradit ional Corpo rate And Charter Operator B ase
Regional Demand: New Jets In Next 5 Years
International Share Of Demand 47%
North America
53%
Europe
18%
Latin America
18%
Asia Pac
7%
Africa/
ME
5%
8/12/2019 2012 HON NBAA Presentation
7/11Honeywell NBAA Presentation - October 20127
New Jet Purchase Plans By Aircraft Class
2012 DollarsUni ts
Big Cabin = Large thru VHS-ULR Segments
Mid Cabin = Medium thru Sup er-Midsize Segments
Small Cabin = Very Light , Light , Light-Medium
Big Cabin Jets Account For 42 Of Unit MentionsAnd 69 Of Dollar Value
8/12/2019 2012 HON NBAA Presentation
8/11Honeywell NBAA Presentation - October 20128
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
Constant2
012$M
History Forecast
Very High Speed/
Ultra Long Range
Ultra Long Range
Long Range
Large
Medium-Large
MediumLight-Medium
LightVery Light
Business Jet Forecast Delivery Value
$250 Billion From 2012 To 2022
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9/11Honeywell NBAA Presentation - October 20129
Business Jet Forecast - Delivery Units
0
200
400
600
800
1000
1200
AircraftUnits
Very High Speed/Ultra Long Range
Ultra Long Range
Long Range
Large
Medium-Large
Medium
Light-Medium
Light
Very Light
~10,000 Aircraft From 2012 To 2022
History Forecast
8/12/2019 2012 HON NBAA Presentation
10/11Honeywell NBAA Presentation - October 201210
NBAA 2012 Outlook Largely Unchanged, Again
End Of Delivery Down Cycle - 2012 Will Post Modest Growth
- Less Volatility In OEM Rates, But Recently Improved Order Rates Face Economic Headwinds
- Large Cabin Class Aircraft Still Faring Better
Operator Survey Signals Fairly Steady Purchasing Activity In 2013
- Economic Growth Expectations Are Positive But Weakened - Especially In The U.S. And W. Europe
- International Share Of Demand Continues Slow Expansion
- Emerging Economies Have Highest Purchase Plans
- Modest Recovery In New Aircraft Deliveries In 2012 - Stronger Growth In Value Of Deliveries
- Similar Levels Of Industry Deliveries Projected In 2013 - Order Rates Key To Sustaining Momentum
Pipeline Of New Models Still Important For Longer Term Growth
Recovery In Fleet Utilization On Hold, Slow Improvement In Used Aircraft
- U.S. And European Flight Activity Growth Suspended, Growth Continues In Emerging Regions
- International Flight Growth Remains Above Domestic Rates
- Late model Used Jet Inventory Has Crept Up, Overall Used Inventory Is Slowly Declining
Survey Supports Steady New Jet Demand In Near Term,Operational Gains Lost Momentum, Slow Recovery In Mid Term
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