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Pezentare Honeywell Jan2014

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  • 8/9/2019 Pezentare Honeywell Jan2014

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    Todays Honeywell

    Com an Overview

    Updated March 15, 2013

    This release contains certain statements that may be deemed forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects,projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions andassessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditi ons, expected

    future developments and other factors they believe to be appropriate. The forward-looking statements i ncluded in this release are also subject to a number ofmaterial risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets,products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and businessdecisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in ourForm 10-K and other filings with the Securities and Exchange Commission.

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    Honeywell

    $39-39.5Bin sales*

    54%sales outside U.S.

    1,300 sites, 70 countries

    132,000 employees

    Morristown, NJheadquarters

    Fortune 100

    2 Todays Honeywell

    Aerospace

    Automation andControl Solutions

    *2013 guidance

    Performance Materialsand Technologies

    Transportation Systems

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    Energy Efficiency & Clean Energy Generation

    Green

    Biofuels

    Air Traffic

    Modernization

    Low Global

    With more than 50% of our

    products linked to energy

    efficiency, Honeywell is

    helping the world meet itsenergy challenges

    3 Todays Honeywell

    By immediately and comprehensively

    adopting existing Honeywell products,

    the U.S. could reduce energy

    consumption 20 to 25%

    Buildings

    Refrigerants

    Fuel-efficient

    Turbochargers

    Industrial ProcessEfficiency

    DemandResponse, &Smart Grid

    EnergyPerformance

    Contracts

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    Globalization

    Honeywell is developing

    solutions that will improve the

    quality of life for people

    around the world

    4 Todays Honeywell

    61% of our employees and

    54% of annual sales

    are outside of the U.S.

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    Honeywells Businesses

    AerospaceAutomation and

    Control Solutions

    PerformanceMaterials andTechnologies

    TransportationSystems

    5 Todays Honeywell

    Phoenix, AZheadquarters

    $12.1-12.3 billionsales*

    Minneapolis, MNheadquarters

    $16.4-16.6 billionsales*

    Morristown, NJheadquarters

    $6.9-7.0 billionsales*

    Rolle, Switzerlandheadquarters

    $3.6-3.7 billionsales*

    *2013 guidance

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    Honeywell Footprint in Romania

    Bucuresti

    Lugoj

    Transportation Systems

    1. Honeywell Garrett Bucharest

    - Operational since June 1998

    - Manufacturing Turbochargers- 660 employees

    2. Honeywell Friction Materials Ploiesti

    -

    Ploiesti

    6 Todays Honeywell

    .

    - Manufacturing brake pads- 220 employees

    3. Honeywell International Services Bucharest

    - Operational since March 2009- Business support services- 275 employees

    Automation and Control Solutions

    1. Honeywell Romania Bucharest

    - Operational since1992

    - Engineering, Customer Support, Sales, R&D- 400 employees

    2. Honeywell Life Safety Lugoj (HLS)

    - Acquired in 2005- Manufacturing Fire systems

    - 700 employees

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    TS history in Romania

    1995 Partnership Contract for turbo components manufacturing betweenAllied Signal TLV and Turbomecanica, a Romanian aerospace company

    1997 Acquisition of Turbomecanica automotive business including building,machines and personnel contracts

    1998 Inauguration of Allied Signal Bucharest Plant

    2000 Company name changes to Honeywell Garrett SRL after Honeywellsmerger with Allied Signal

    7 Todays Honeywell

    2003 Start of turbo production (project Orion)

    2005 1 million Turbo

    2009 new TS legal entity Honeywell International Services (65+ laborcontracts transferred)

    2012 new TS legal entity: Honeywell Friction Materials SRL

    2013 20th million Turbo Made in Romania; 4+ million Turbo / year

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    Bucharest TS HUB - update

    Constanta Nazarcu

    Jan 9, 2014

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    HIS Romania

    Established in March 2009 - 65 employees transferred from HTT plant

    Today hires 275 central functions supporting mainly TS & CORP

    2 locations: Upground - 225 EE & HTT plant - 50 EE

    CLA negotiated with Employees Committee (4th one signed in March13)

    Entity support: 2 HRGs, 2 Finance, 1 Admin / MRO, 1 HSE

    Established in March 2009 - 65 employees transferred from HTT plant

    Today hires 275 central functions supporting mainly TS & CORP

    2 locations: Upground - 225 EE & HTT plant - 50 EE

    CLA negotiated with Employees Committee (4th one signed in March13)

    Entity support: 2 HRGs, 2 Finance, 1 Admin / MRO, 1 HSE

    Company backgroundCompany background

    9 Todays Honeywell

    Cost +6% agreements - 2013 Rev 12.3M$

    15 I/C Customers/ 70+ cost centers HIS holds the Lease agreement and today

    manages the Upground facility 700 Honees (TS + ACS)

    Cost +6% agreements - 2013 Rev 12.3M$

    15 I/C Customers/ 70+ cost centers HIS holds the Lease agreement and today

    manages the Upground facility 700 Honees (TS + ACS)

    SBGs presenceSBGs presence FinancialsFinancials

    Exponential growth, still lots of possibilities to explore

    HTT, 162FM, 71

    CORP, 37PMT, 2 AERO, 2 ACS, 1

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    HIS Romania

    Young, diversified work-force & relatively newto Honeywell

    Average age: 32 y.o.

    Average seniority: 3 years

    42% < 2 yrs

    Young, diversified work-force & relatively newto Honeywell

    Average age: 32 y.o.

    Average seniority: 3 years

    42% < 2 yrs

    HR Dynamics & Site complexityHR Dynamics & Site complexity TS distributionTS distribution

    ISC, 126Finance, 64

    Mkt &Sales,

    31

    HR & IT,12

    10 Todays Honeywell

    15 % Band 4

    Attrition < 5% in 2012

    PER survey 2013 Favorable 86.77%

    Over 65 remote managers - 50% of eesmanaged remotely

    15 % Band 4

    Attrition < 5% in 2012

    PER survey 2013 Favorable 86.77%

    Over 65 remote managers - 50% of eesmanaged remotely

    High diversity and cross functional exposure

    ISC HTT FM TSProcurement 43 9 52Supply Chain 29 13 42

    AME 16 5 21Quality 1 5 6Proto 3 - 3HOS & HSE 2 - 2Total 94 32 126

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    Bucharest Finance COE Today

    64 finance professionals 100% university graduated

    - 81% economics- 19% humanistic &

    engineering

    Demographics:

    - 86% females / 14% males- Average age: 29 y.o.

    11 Todays Honeywell

    English (100%), French (25%),German (20%), Italian (8%),Spanish (8%), Chinese (3%)

    - Plus other capabilities:Hungarian, Hindi, Russian,

    Korean 55% > 2 yrs. in Honeywell

    5% Attrition in 2013

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    Data entry

    Error Resolution

    Analysis & Reporting

    Vendors Payment

    Collection

    Credit management

    Cash application

    Analysis & Reporting

    Closing

    GAAP / Statutory

    Cash / Bank

    P2P C2C

    Fin reporting Acc Recs

    HTT,40

    FM, 19

    Aero, 2 Corp, 3

    SBGs presence

    Bucharest Finance COE - Scope

    12 Todays Honeywell

    Fixed Assets

    HTT WW

    consolidation

    ntercompany

    Fixed Assets E-recs support

    Compliance Reporting

    Reconciliation

    Indirect Tax Fin Forecasts

    Control & analysis

    Master Data maint.

    Internal control

    activities

    Other

    P2P,

    31C2C,22

    ATR, 6

    FP&A,2

    Other,2

    Activities

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    13 Todays Honeywell

    www.honeywell.com


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