Honeywell International Inc. (NASDAQ:HON) Jefferies eVTOL Summit Conference Transcript March 28, 2023 3:20 PM ET Executives Mike Madsen - President and CEO, Honeywell Aerospace Analysts Sheila Kahyaoglu - Jefferies Sheila Kahyaoglu Thank you for joining us. Mike Madsen Thank you. It’s a pleasure. Question-and-Answer Session Q - Sheila Kahyaoglu Okay. We will start it off. Thanks, everyone, for being here for our last presentation of the day. My name is Sheila Kahyaoglu. I am KC investor [ph]. I run the Jeff ...

Summary of Honeywell International Inc. Conference Call Company Overview - **Company**: Honeywell International Inc. (NASDAQ: HON) - **Sector**: Aerospace - **Participants**: - Mike Madsen - President and CEO, Honeywell Aerospace - Sean Meakim - IR - Andrew Obin - Bank of America Key Points Industry Outlook - The aerospace industry is experiencing strong growth, particularly in Original Equipment Manufacturer (OEM) and aftermarket segments for both Air Transport and Business Aviation [4][6] - Defense sector is stabilizing with clear priorities, showing low to mid-single-digit growth [4][6] - Honeywell has seen a significant increase in business wins in advanced air mobility, growing from $3.5 billion to $7 billion in one year [5] Financial Performance - Honeywell's backlog has grown significantly, with $18 billion in business wins over the last two years [11] - Output is up 15% to 20% year-over-year, indicating positive trends in supply chain and production [11] - The company anticipates a growth in retrofit, modification, and upgrade revenue to $1.1 billion for the current year, with a projected 10% CAGR [37] Market Segments - Air transport is seeing double-digit growth, while business aviation is expected to grow at a mid-single-digit rate [6][16] - Wide-body flight hours are recovering faster than narrow-body, with expectations to return to 2019 levels by late 2024 [14] - Business aviation aftermarket is stabilizing at a low single-digit growth rate, particularly strong in fractional and corporate flight departments [17] Supply Chain and Labor - The supply chain remains constrained, primarily due to labor shortages rather than capital capacity [22] - Honeywell is focusing on dual sourcing and selective automation to mitigate supply chain challenges [22] Research and Development - Honeywell is investing in electrification and advanced technologies, including hybrid electric power systems and sustainable aviation fuel [7][52] - The company plans to maintain R&D spending at 5% to 8% of revenue, focusing on efficiency and innovation [47] Defense and Space - The latest President's budget reflects a shift in defense priorities towards the Asia Pacific region and modernization of military capabilities [29][30] - Honeywell is well-positioned to benefit from increased demand for navigation products and systems related to defense [31] Urban Air Mobility - Honeywell is actively involved in urban air mobility, focusing on reducing crew requirements and enhancing operational efficiency [55][56] - The timeline for commercialization of urban air mobility products has shifted to 2025-2026, with regulatory developments progressing positively [62] Conclusion - Honeywell is optimistic about its growth prospects in 2023, with strong demand across various segments and a solid supply chain recovery [69] - The company is well-positioned to capitalize on emerging trends in aerospace, including sustainability and advanced air mobility technologies [69]

Summary of Honeywell International, Inc. Conference Call Company Overview - **Company**: Honeywell International, Inc. (NASDAQ: HON) - **Date**: March 14, 2023 - **Participants**: Darius Adamczyk (Chairman & CEO), Vimal Kapur (COO & President), Charles Tusa (JPMorgan Chase & Co. Analyst) Key Points Leadership Transition - Darius Adamczyk announced his transition from CEO after 7 years, citing the readiness of his successor, Vimal Kapur, and the company's strong position as key factors for the timing of his departure [4][5][6] - Adamczyk emphasized that he is leaving the company in a strong financial position and is not being pushed out by the Board [5][6] Company Performance and Strategy - Honeywell has undergone significant transformation under Adamczyk, focusing on digitization, innovation, and operational optimization [7][8] - The company aims to enhance its growth algorithm, targeting 4% to 7% top-line growth and 40 to 60 basis points margin expansion [20][42] - Honeywell has a strong balance sheet with approximately $25 billion available for deployment, with $15 billion earmarked for future investments [11][12] Market Outlook - The company is optimistic about its performance in 2023, with guidance for Q1 and the full year remaining on track [32][35] - Honeywell's backlog coverage is over 80%, indicating strong demand and order growth [36] - The company anticipates a recovery in the aerospace sector, with double-digit growth expected in the first two months of the year [37] Focus Areas - Vimal Kapur highlighted two macro trends for future growth: sustainability and digitization, with a focus on automation [14][15] - Honeywell is committed to enhancing margin expansion through its operating system, Honeywell Accelerator, which has been in place for 15 years [15][16] - The company is actively pursuing bolt-on acquisitions that align with its strategic goals [9][65] Challenges and Risks - There is some softness in the PSS segment, which is the shortest cycle in Honeywell's portfolio, but the company expects a recovery [48][49] - Geopolitical factors and supply chain challenges remain concerns, particularly regarding the Chinese market [34][37] Innovation and Sustainability - Honeywell is well-positioned in the sustainability sector, with ongoing projects in carbon capture and sustainable aviation fuel (SAF) [60][63] - The company has seen increased licensing activity in petrochemicals and is optimistic about future growth in this area [60][61] Pricing Strategy - Honeywell is focused on maintaining pricing discipline and offsetting inflation through productivity improvements [51][52] - The company has a robust pricing model that allows for adjustments based on market conditions [51][52] M&A Activity - The company is actively exploring acquisition opportunities, particularly in technology and sustainability sectors, while maintaining a disciplined approach to valuation [65][69] Conclusion Honeywell International, Inc. is positioned for continued growth under new leadership, with a strong focus on sustainability, digitization, and operational efficiency. The company is optimistic about its market outlook for 2023, despite some challenges in specific segments. The leadership transition appears to be well-planned, with a clear strategy for future growth and innovation.

Honeywell International Inc. (NASDAQ:HON) Barclays Industrial Select Conference February 22, 2023 8:00 AM ET Company Participants Greg Lewis - CFO Conference Call Participants Julian Mitchell - Barclays Julian Mitchell Well, I think, we’ll get underway. Thanks very much, everyone, for attending. My name is Julian Mitchell, and thank you for coming to the 40th Barclays Select Industrial Conference here in Miami. It's my pleasure to open the event formally with Greg Lewis, Chief Financial Officer of Honeywell ...

Honeywell International Inc. (NASDAQ:HON) Citi’s 2023 Global Industrial Tech and Mobility Conference February 21, 2023 8:00 AM ET Company Participants Greg Lewis - SVP and CFO Conference Call Participants Andy Kaplowitz - Citigroup Andy Kaplowitz All right. I think we're going to get started. Very happy for you all to be here. Again, most of you know me. I'm Andy Kaplowitz from Citigroup. Very excited to welcome you to the Citigroup Industrial Tech & Mobility Conference. We've got a great lineup for you guy ...

(1) Included in Selling, general and administrative expenses. (2) Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges. For the twelve months ended December 31, 2022, other charges include an expense of $250 million related to reserves against outstanding accounts receivables, contract assets, and inventory, as well as the write-down of other assets and employee severance related to the initial suspension and wind down of our businesses and operations in Russ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8974 Honeywell International Inc. (Exact name of registrant as specified in its charter) Indicate by check mark whether the Registrant is a large ...

Honeywell International Inc. (NASDAQ:HON) Q4 2022 Earnings Conference Call February 2, 2023 8:30 AM ET Company Participants Sean Meakim - Vice President of Investor Relations Darius Adamczyk - Chairman & Chief Executive Officer Vimal Kapur - President & Chief Operating Officer Greg Lewis - Senior Vice President & Chief Financial Officer Anne Madden - Senior Vice President, General Counsel Conference Call Participants Julian Mitchell - Barclays Steve Tusa - JPMorgan Scott Davis - Melius Research Sheila Kahy ...

| United States | | | --- | --- | | Securities and Exchange Commission | | | Washington, D.C. 20549 | | | Form 10-Q | | | __________________ | | | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) | | | OF THE SECURITIES EXCHANGE ACT OF 1934 | | | For the quarterly period ended September 30, 2022 | | | OR | | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) | | | OF THE SECURITIES EXCHANGE ACT OF 1934 | | | For the transition period from ______ to _____ Commission file number 1-8974 | | | Honeywell In ...

Honeywell International Inc. (NASDAQ:HON) Q2 2022 Results Conference Call July 28, 2022 8:30 AM ET Company Participants Sean Meakim - VP, IR Darius Adamczyk - Chairman and CEO Greg Lewis - SVP and CFO Conference Call Participants Steve Tusa - JPMorgan Julian Mitchell - Barclays Scott Davis - Melius Research Sheila Kahyaoglu - Jefferies Andrew Obin - Bank of America Nigel Coe - Wolfe Research Joe Ritchie - Goldman Sachs Andy Kaplowitz - Citigroup Josh Pokrzywinski - Morgan Stanley Deane Dray - RBC Capital Ma ...