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Morgan Stanley Laguna Conference – Honeywell International Inc.

Honeywell International Inc. · Sep 15, 2014 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 1
    MORGAN STANLEY LAGUNA CONFERENCE Tom Szlosek Senior Vice President & CFO
  2. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 2
    Todays Discussion HON Business Model Working - Reflected In The Results, Achievement Of 2014 Targets Whats Next For HON - Breakthrough Innovations Driven By Differentiated Processes And Technologies We Will Continue To…
  3. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 3
    First Half 2014 Financial Summary (M except per share amounts) 1H13 1H14 Sales 19,021 19,932 5% Increase Up 2% Organic Segment Profit 3,067 3,305 8% Increase 50 bps Margin Expansion Margin % 16.1% 16.6% Net Income 1,987…
  4. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 4
    End Market Update What We Are Seeing - Modest Commercial Aerospace Growth Ramping Investments For New Platforms - U.S. DoD And Government Services Declines Moderating; International Growth - Significant Investment In Long Term Oil…
  5. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 5
    2014 Financial Guidance Summary (B, except per share amounts; V%, BPS vs. prior year) 3Q14E 4Q14E 2014E Comments Sales 9.9 - 10.1 10.3 - 10.4 40.2 - 40.4 Modest Acceleration Sales Reported V% 3 - 5% Flat 3 - 4% - FM…
  6. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 6
    2018 Organic Growth Targets Sales Segment Profit / Margin (B) Segment Profit Segment Margin +220-370 Bps Adding 7-12B Of Sales 18.5 - 46 20.0% - 51 40.2 - 16.8 39.1 40.4 - 16.3% 17.0% 2013 2014E 2018T 2013 2014E…
  7. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 7
    Cash Next 5 Years Cash Flow From Operations Deployment Priorities 30-33B Investing In High ROI CAPEX - 5-6B Next 5 years; PMT Cycle Peaks 2015 CAPEX Pay A Competitive Dividend 50% To - Grow Earnings Net M&A, Growth Share…
  8. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 8
    Why HON Will Outperform Robust New Product Pipeline 1/2 pt Organic - Propelled By HUE, VPD, Software Capability/CMMI From HUE Growth Accelerated Penetration Of High Growth Regions - End To End Local Capabilities Established 50% Of…
  9. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 9
    9 Morgan Stanley Laguna Conference September 15, 2014
  10. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 10
    Appendix Reconciliation of non-GAAP Measures to GAAP Measures 10 Morgan Stanley Laguna Conference September 15, 2014
  11. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 11
    Reconciliation Of Segment Profit To Operating Income And Calculation Of Segment Profit And Operating Income Margins (M ) 1H13 1H14 Segment Profit 3,067 3,305 (1) Stock Based Compensation (91) (102) (1, 2) Repositioning and Other…
  12. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 12
    Calculation Of EPS At Tax Rate Of 26.5% (M except per share amounts) 1H13 1H14 Income Before Taxes 2,589 2,934 Taxes at 26.5% 686 778 Net Income at 26.5% Tax Rate 1,903 2,156 Less: Net Income Attributable to the Noncontrolling…
  13. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 13
    Reconciliation Of Cash Provided By Operating Activities To Free Cash Flow (M ) 1H13 1H14 Cash Provided by Operating Activities 1,597 2,029 Expenditures for Property, Plant and Equipment (344) (421) Free Cash Flow 1,253 1,608 13…
  14. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 14
    Reconciliation Of Segment Profit To Operating Income And Calculation Of Segment Profit And Operating Income Margins (M ) 3Q13 4Q13 2013 Segment Profit 1,615 1,669 6,351 Stock Based Compensation (1) (38) (41) (170) Repositioning…
  15. Morgan Stanley Laguna Conference – Honeywell International Inc. – slide 15
    Reconciliation Of Segment Profit To Operating Income And Calculation Of Segment Profit And Operating Income Margins (B) 3Q14E 4Q14E 2014E Segment Profit 1.7 - 1.8 1.7 - 1.8 6.7 - 6.9 Stock Based Compensation (1,3) (0.0) (0.0)…

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