Honeywell Automation India Limited Investor Presentation December 2012
Disclaimer This presentation is strictly confidential and may not be copied, published, distributed or transmitted. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Honeywell Automation India Limited (the “Company”), nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefore. By accessing this presentation, you are agreeing to be bound by the restrictions herein. The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such change(s). No representation is intended to be made on behalf of Honeywell Asia Pacific Inc. or Honeywell Inc. by or as a result of the enclosed material. 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Investors commitments should be made solely on the basis of publicly available information and previously published information by the Company available with the SEBI or the Stock Exchanges or on the Company’s website (www.honeywellautomationindia.com) ,including ,but not limited to the financial statements of the Company, including those for the quarter ended September 30, 2012, the calendar year ended December 31, 2011 along with the note on accounts and the Annual Report 2011 and the risks and concerns under the Management Discussion and Analysis Report , available on the websites of the stock exchanges and the Company’s website. 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You further represent and agree that (i) you are located outside the United States and you are permitted under the laws of your jurisdiction to receive this presentation or (ii) you are located in the United States and are a "qualified institutional buyer" (as defined in Rule 144A under the Securities Act of 1933, as amended). This presentation is not an offer to sell or a solicitation of any offer to buy the securities of the Company in the United States or in any other jurisdiction where such offer or sale would be unlawful. Securities may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, into or within the United States absent registration under the Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. HONEYWELL - CONFIDENTIAL File Number 2
Table of contents 1 Honeywell Automation India Limited (HAIL) overview Business highlights 2 Strategy and investment highlights Strategy and investment highlights 3 3 HAIL’s financial overview 4 HONEYWELL - CONFIDENTIAL File Number 3
Section 1 Honeywell Automation India Limited (HAIL) overview Honeywell Automation India Limited (HAIL) overview HONEYWELL - CONFIDENTIAL File Number 4
Honeywell Automation India Limited - Introduction Honeywell International Inc. (HON) � Honeywell is a $36.5bn diversified technology and manufacturing company � Globally business organized around 4 strategic business groups (SBGs) – Automation and Control Solutions (ACS), Aerospace, Performance Materials and Technologies (PMT) and Transportation Systems (TS) with all SBGs present in India � ACS largest SBG globally, with 7 strategic business units (SBUs) – Process Solutions (HPS), Building Solutions (HBS), Environmental and Combustion Controls (ECC), Sensing and Control (S&C), Security Group (HSG), Life Safety (HLS), and Scanning and Mobility (HSM) Honeywell Automation India Limited (HAIL) � 1987: Started as a JV between Honeywell and Tata � 1989: Listed on the stock exchange as Tata Honeywell Limited. Honeywell and Tata shareholding at 39.54% each � 2004: Honeywell Asia Pacific Inc. (wholly owned subsidiary of Honeywell International Inc.) bought Tata stake � Name changed to Honeywell Automation India Limited � Honeywell Asia Pacific Inc. current shareholding at 81.24% HONEYWELL - CONFIDENTIAL File Number 5
HAIL business overview HAIL Environmental and Global Engineering Process Solutions (1) Building Solutions (1) Sensing and Control (1) Global Manufacturing (1) Combustion Controls (1) Services (1) (HPS) (HBS) (S&C) (GM) (ECC) (GES) Domestic Domestic Domestic Domestic Exports Exports � � � � Automation and Integrated Building Home comfort and � � Sensors Project automation Process automation control systems for Management energy solutions solutions: Experion � � Safety and limit Field instrumentation process industries Systems including and safety system � Building controls switches and design HVAC, life safety and � Lifecycle services � Field products and security � � Field products Mission critical � Building automation/ solutions, pressure, � Advanced solutions – applications commercial controls � Large, complex, temperature � Combustion controls simulation, integrated projects integrated projects transmitter, transmitter, � � Development and Development and optimisation optimisation flow controllers software engineering � Energy saving � Field instrumentation services performance � Airport solutions and solutions contracts group ����������������������������������������������������� 1. The maintenance and growth of Honeywell’s business with HAIL is dependent upon HAIL’s ability, among other things, to meet Honeywell’s performance, delivery and pricing requirements and Honeywell’s strategies regarding the use of alternate opportunities to source the products and services that HAIL currently provides (including from alternate sources which Honeywell may acquire or develop within its own group), in all cases consistent with the contractual obligations of the parties as they may exist from time to time HONEYWELL - CONFIDENTIAL File Number 6
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