Honeywell International Inc. · NASDAQ:HON
Honeywell International — Shareholder Meeting (April 2016)
8 slides from Honeywell International's shareholder meeting presentation, Apr 21, 2016
Slide 1: Supplemental Materials 2016 Annual Meeting of Shareowners
Supplemental Materials 2016 ANNUAL MEETING OF SHAREOWNERS April 2016
Slide 2: Forward Looking Statements
2 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 than statements of fact, that address activities, events or developments that we or our management intend, expect, project,
Slide 3: Delivering On Investor Expectations: HON Execution On All Fronts
Honeywell Confidential Delivering On Investor Expectations HON Execution On All Fronts 3 “Organic Sales Growth Underperforming Peers” “People Don’t Believe The Margin Trajectory Is Sustainable” “HON Will Struggle To Improve Conversion Beyond ~90%” “HON Hasn’t Shown Us Much In The Way Of Capital Depl
Slide 4: Honeywell's Growth Plan – Why it Works
Plan is Key to Driving Exceptional Operational Performance 4 Honeywell’s Growth Plan – Why it Works $79.1B $82.7B • Focuses All Executives on One Set of Goals at a time x Eliminates confusion seen in plans with overlapping cycles x Goals aligned with externally communicated L - T Targets • Delayed P
Slide 5: Honeywell's S-T Incentive Plan Approach
Finance FP&A And Decision Making Honeywell Confidential Honeywell's S - T Incentive Plan Approach “Fair” Approach Focused on Year - over - Year Performance Objective • Reward Executives For Sustained Improvements In Financial Performance • Pay Highly Competitive, But Fair ICP Consistent With Perform
Slide 6: L-T Performance Outpacing ICP Spend And # Of Execs
Finance FP&A And Decision Making Honeywell Confidential L - T Performance Outpacing ICP Spend And # Of Execs Key Operating Metrics And ICP Spend $1.51 $22.1 $2.4 $1.5 $70 740 $6.10 $38.6 $7.3 $4.4 $81 699 EPS Ex-Pension MTM Total Revenue ($B) Segment Profit ($B) Free Cash Flow ($B) Total ICP Spend (
Slide 7: Working Capital Turns vs. Peers
Finance FP&A And Decision Making Honeywell Confidential HON Above Top 3 And Peer Average * COL excluded from Peer average (RD&E capitalization in Inventories) GE excluded from Peer average (GE factors receivables to GECC – Financial Services) Emerson 4Q results NA until Feb, 2 2016 WC Turns Simple T
Slide 8: Appendix: Reconciliation of non-GAAP Measures to GAAP Measures
8 Appendix Reconciliation of non - GAAP Measures to GAAP Measures APPENDIX RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (1) Reconciliation of Segment Profit to Operating Income and Calculation of Segment Profit and Operating Income Margins ($B) 2003 Segment Profit $ 2.4 Stock Based Compensation (1)
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