Fiscal 2020 If you can read this Click If you can read this Click - PowerPoint PPT Presentation

Fiscal 2020 If you can read this Click If you can read this Click First Quarter on the icon to choose a on the icon to choose a picture or picture or Reset the slide . Reset the slide . Results To Reset: Right click on the slide To Reset: Right click on the slide thumbnail and select ‘reset slide’ or thumbnail and select ‘reset slide’ or choose the ‘Reset’ button on the choose the ‘Reset’ button on the ‘Home’ ribbon ‘Home’ ribbon (next to the font choice box) (next to the font choice box) January 31, 2020

Forward Looking/Cautionary Statements & Non-GAAP Financial Information Johnson Controls International plc Cautionary Statement Regarding Forward-Looking Statements Johnson Controls International plc has made statements in this communication that are forward-looking and therefore are subject to risks and uncertainties. All statements in this document other than statements of historical fact are, or could be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In this communication, statements regarding Johnson Controls’ future financial position, sales, costs, earnings, cash flows, other measures of results of operations, synergies and integration opportunities, capital expenditures and debt levels are forward-looking statements. Words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “forecast,” “project” or “plan” and terms of similar meaning are also generally intended to identify forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Johnson Controls cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Johnson Controls’ control, that could cause Johnson Controls’ actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: any delay or inability of Johnson Controls to realize the expected benefits and synergies of recent portfolio transactions such as the merger with Tyco and the disposition of the Power Solutions business, changes in tax laws (including but not limited to the Tax Cuts and Jobs Act enacted in December 2017), regulations, rates, policies or interpretations, the loss of key senior management, the tax treatment of recent portfolio transactions, significant transaction costs and/or unknown liabilities associated with such transactions, the outcome of actual or potential litigation relating to such transactions, the risk that disruptions from recent transactions will harm Johnson Controls’ business, the strength of the U.S. or other economies, changes to laws or policies governing foreign trade, including increased tariffs or trade restrictions, energy and commodity prices, the availability of raw materials and component products, currency exchange rates, maintaining the capacity, reliability and security of our information technology infrastructure, the risk of infringement or expiration of intellectual property rights, work stoppages, union negotiations, labor disputes and other matters associated with the labor force, the outcome of litigation and governmental proceedings and cancellation of or changes to commercial arrangements. A detailed discussion of risks related to Johnson Controls’ business is included in the section entitled “Risk Factors” in Johnson Controls’ Annual Report on Form 10-K for the 2019 fiscal year filed with the SEC on November 21, 2019, which is available at www.sec.gov and www.johnsoncontrols.com under the “Investors” tab. Shareholders, potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this communication are made only as of the date of this document, unless otherwise specified, and, except as required by law, Johnson Controls assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this communication. Non-GAAP Financial Information This presentation contains financial information regarding adjusted earnings per share, which is a non-GAAP performance measure. The adjusting items include restructuring and impairment costs, transaction costs, integration costs, net mark-to-market adjustments, and discrete tax items. Financial information regarding organic sales, EBIT, EBIT margin, segment EBITA, adjusted segment EBITA, adjusted organic segment EBITA, adjusted segment EBITA margin, free cash flow, adjusted free cash flow, adjusted free cash flow conversion and net debt are also presented, which are non-GAAP performance measures. Adjusted segment EBITA excludes special items such as transaction costs and integration costs because these costs are not considered to be directly related to the underlying operating performance of its business units. Management believes that, when considered together with unadjusted amounts, these non-GAAP measures are useful to investors in understanding period-over-period operating results and business trends of the Company. Management may also use these metrics as guides in forecasting, budgeting and long-term planning processes and for compensation purposes. These metrics should be considered in addition to, and not as replacements for, the most comparable GAAP measure. For further information on the calculation of thee non-GAAP measures and a reconciliation of these non-GAAP measures, refer to the attached footnotes. 2 Johnson Controls International plc — January 31, 2020

As We Look Ahead Executing On Our Commitments  Continued momentum across key financial performance metrics  Strong start to margin improvement targets  Improving cash generation profile with better working capital metrics  Order growth improves in Q2; converting robust pipeline  Strong balance sheet provides flexibility  Focused on execution Well Positioned To Drive Long-Term Shareholder Value 3 Johnson Controls International plc — January 31, 2020

Field Order Growth Organic % Change 9% 8% 7% 7% 6% 5% 5% 2% 0% Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Strong Order Pipeline With Mid-Single Digit Q2 Orders Expected Backlog Up 6% to $9.0B – Provides Visibility Through FY20 4 Johnson Controls International plc — January 31, 2020

Q1 FY20 Financial Summary* (continuing operations) NET SALES ADJUSTED EPS $5,464M $5,576M +2%  $0.40 Reported $0.26  +54% +3%  Reported Organic Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 ADJUSTED EBIT & MARGIN ADJUSTED FCF $448M 70bps  Normal $400M Reported seasonal 8.0% ($0.1B)  80bps 7.3% outflow ($0.2B) Organic Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 *Non-GAAP excludes special items. See footnotes for reconciliation. 5 Johnson Controls International plc — January 31, 2020

Q1 FY20 Results vs. Prior Year* (continuing operations) EPS BRIDGE $0.40 $0.03 $0.06 $0.03 ($0.01) $0.03 $0.26 Q1 FY19 VOLUME / SYNERGIES / SHARE NFC OTHER Q1 FY20 ACTUAL MIX PRODUCTIVITY COUNT ACTUAL *Non-GAAP excludes special items. See footnotes for reconciliation. 6 Johnson Controls International plc — January 31, 2020

Segment Results* Sales Segment EBITA EBITA Margin +3% +7% +40 bps Organic Organic Organic $625M 11.2% $5,576M $590M 10.8% $5,464M Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 EBITA Margin +40bps 11.2% +20bps 10.8% (10bps) (10bps) Q1 FY19 Volume / Mix Retail Synergies / Other Q1 FY20 Productivity *Non-GAAP excludes special items. See footnotes for reconciliation. 7 Johnson Controls International plc — January 31, 2020

Segment Results: Building Solutions North America* Sales  Organic sales +3% - Install +3% / Service +2% +3% Organic $2,167M $2,116M - HVAC & Controls +LSD - Fire & Security +MSD - Performance Solutions (LDD)  EBITA margin flat Q1 FY19 Q1 FY20 - Favorable volume leverage - Productivity savings and cost synergies Segment EBITA - Unfavorable Retail mix (30bps) +2% Organic $259M $253M  Orders (1%) organically; expect mid-single digit growth in Q2 Flat 12.0% 12.0%  Backlog of $5.8 billion, +7% organically Q1 FY19 Q1 FY20 *Non-GAAP excludes special items. See footnotes for reconciliation. 8 Johnson Controls International plc — January 31, 2020

Segment Results: Building Solutions EMEA/LA* Sales  Organic sales +7% - Install +10% / Service +5% +7% Organic $928M - HVAC & Controls +HSD $907M - Fire & Security +MSD - Industrial Refrigeration +high-teens  Q1 FY19 Q1 FY20 EBITA margin +120bps - +130bps, ex-foreign currency - Favorable volume leverage Segment EBITA - Productivity savings and cost synergies +21% Organic $90M  Orders +4% organically $77M +120bps 9.7%  Backlog of $1.7 billion, +8% organically 8.5% Q1 FY19 Q1 FY20 *Non-GAAP excludes special items. See footnotes for reconciliation. 9 Johnson Controls International plc — January 31, 2020