Honeywell Automation India 42nd AGM MD Presentation

Date: July 29, 2026

Health, Safety and Environment (HSE) Common Balance Score Card leading and lagging indicator for overall HAIL average target is 1.8
2026 data shows average score of Q1 FY at 1.9 (same as 2023, 2024, and 2025)
Received multiple customer recognitions including Reliance Jamnagar - 5 Star Award for completing 15 million safe manhours without LTI
BPCL Gwalior & IOCL LPG Hyderabad recognition for no lost time incident and field engineers demonstrating high level of safety commitments
L&T recognized field team for collective commitment and maintaining highest industry safety standards
Conducted safety campaign "Step Smart, Stay Safe!" for slips, trips and fall prevention
Organized blood donation drive and participated in National Safety Week

Win customers in India's highest growth mission critical sectors
Monetize the install base through connected services, software and lifecycle management offerings
Lead India's transformation from Automation to trusted Autonomy
Make HAIL a growth and delivery engine for Honeywell Technologies globally
Sustain growth at approximately 2X GDP

Concentrate on mission critical applications where downtime, safety, quality, energy usage cost is critical to success
Win customers in high growth verticals: Data Centers, Semiconductors, Advanced Manufacturing, Hospitality, Healthcare, Energy infrastructure
Sustain and grow business in core verticals: hydrocarbon, infrastructure, power
Systematically activate and connect the existing install base, scale life cycle recurring revenue
Accelerate brownfield modernization
Build India-specific connected and AI-enabled engineered solutions
Grow India-to-global exports with differentiated capability beyond labour arbitrage
Enhance local manufacturing capabilities to expand exports

IIT Bombay-Honeywell Centre of Excellence for Future Skills and Innovation: Launched in FY25–26 to upskill 100,000+ students in sustainability skills by 2030
Reached 1,000 colleges and initiated pilot training for 364 students
Honeywell Future Skills EDGE: Launched in FY25–26 to upskill 200,000+ students in AI and Cybersecurity by 2029
Reached 28,000+ students through digital learning platform, with 864 students completing training by March 2026
Honeywell's Sustainable Community Development: Improved lives of 4,000+ community members across Water & Sanitation, Clean Energy, Education, Environmental Sustainability and Economic Development
Plant the Future Campaign: Launched in FY2022–23, planted approximately 240,000 saplings across Pune, Bengaluru, and Mumbai
FY2025–26 support extended maintenance efforts to strengthen green cover, enhance biodiversity, and build resilient ecosystems

GDP Growth Rate: 7.2% (22-23), 8.2% (23-24), 7.1% (24-25), 7.7% (25-26), 6.6% (26-27 projection)
Central Govt. Capex Spend (INR trillion): 7.4 (22-23), 9.5 (23-24), 10.2 (24-25), 11 (25-26), 12.2 (26-27 projection)
Inflation: 6.7% (22-23), 5.4% (23-24), 4.6% (24-25), 2.1% (25-26), 5.1% (26-27 projection)
Manufacturing PMI: 55.6 (22-23), 57.2 (23-24), 57.4 (24-25), 57.3 (25-26), 54.7 (26-27 based on Q1)
Crude Oil Price ($/bbl): 98.8 (22-23), 82.9 (23-24), 79.3 (24-25), 69.2 (25-26), 109.7 (26-27)

Integrated ELV package for First Semiconductor Plant for Indian Conglomerate
Sustainability Project for Energy Performance Improvement for Complete HVAC system for MNC
Sustainability Project for Shop Floor Comfort Cooling with Energy Performance for MNC
Integrated Plant Surveillance and Security Automation System across a Giga Manufacturing facility
Modernization project for one of India's key power generation facilities
First fully integrated Energy Management System (EMS) deployment at a renewable energy facility

Significant build-up of digital and compute infrastructure in the country
Data Centers as key lever of India's growth trajectory
Digital infrastructure converging with physical infrastructure – Airports, Metros, Warehouses, Hospitals, Smart cities need unified monitoring and control
Digitalization of India's Manufacturing and Industrial base
Advanced manufacturing sectors creating demand for autonomous solutions
Energy systems becoming distributed, variable and software defined
India's Industrial Ecosystem gearing towards trusted, deterministic Industrial AI

Exports business is predominantly service-oriented and contract manufacturing
Asset-light model prioritizing high asset turnover, operational agility, common processes, variable cost structure, and technology-enabled platforms
Double digit revenue growth led by Domestic business
Disciplined growth in Profit and Cash

Honeywell Inc completed portfolio simplification exercise on June 29, 2026
Formation of 3 new focused companies: Honeywell Technologies (Pure Play Automation and Controls), Honeywell Aerospace, Solstice Advanced Materials
Simplified structure for Honeywell Technologies
India to get larger mindshare and strategic synergies
Insignificant impact of global spin of Aerospace and Solstice on HAIL business
No impact on portfolio of HAIL within India and Global operations within Honeywell Technologies

Portfolio aligned to global Honeywell mega trend of Automation part of Industrial, Process and Building Automation SBGs
Portfolio consists of Systems Integration in Industrial Solutions and Building Solutions, plus distribution of specific Building Management Systems and specific Sensing and Measurement Solutions
Geographic Coverage: India and exports to Honeywell Technologies subsidiaries worldwide
Install base across asset class, life cycle value, plus all organic growth initiatives

Purchase of goods from Honeywell Measurex (Ireland) Ltd.: ₹5,018 million
Corporate overhead and other allocations from Honeywell International Inc.: ₹2,082 million
Sale of goods to Honeywell Middle East B.V.: ₹3,848 million
Sale of services to Honeywell International Inc.: ₹4,077 million
All transactions based on standard intercompany terms and conditions
Annualized transaction value of MRPT's within threshold approved as per last AGM held on June 27, 2025

Company's contract manufacturing and engineering services businesses participate in global Honeywell supply chain and workforce efficiency initiatives
Proprietary tools, jigs and machines move along with manufacturing/assembly/engineering services transfers
Valuation of assets in line with globally accepted principles of book value/arm's length price
Company does not land up with residual risk of asset in case of such transfers
Transactions approval in the ordinary course of business