Honeywell Aerospace Overview
Total Page:16
File Type:pdf, Size:1020Kb
ABOUT HONEYWELL & HONEYWELL AEROSPACE Forward Looking Statements This presentation contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this presentation are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission. ©2020 by Honeywell International Inc. All rights reserved. 1 HONEYWELL OVERVIEW NYSE: HON | ~919 sites | ~110,000 employees | Charlotte, N.C. headquarters | Fortune 100 Performance Materials Safety and Productivity Aerospace Building Technologies and Technologies Solutions Our products are used on virtually every Our products, software, and technologies We develop advanced materials, process We improve enterprise performance and commercial and defense aircraft platform are in more than 10 million buildings technologies, automation solutions, and worker safety and productivity with worldwide and include aircraft propulsion, worldwide, helping customers ensure industrial software that are revolutionizing automated material handling and voice cockpit systems, satellite communications, their facilities are safe, energy efficient, industries around the world. scanning and mobile computing technology, and auxiliary power systems. sustainable, and productive. software solutions, and personal protective equipment and sensing technology. Honeywell Connected Enterprise Established in 2018 to accelerate software development and IIoT solutions via the Enterprise Performance Management offering, Honeywell Forge. HCE’s focus is software development, from the gateway to end-user applications, bringing scale and capability across all of Honeywell. Aligned to Key Global Macro Trends ©2020 by Honeywell International Inc. All rights reserved. 2 OTHER HONEYWELL AT A GLANCE MIDDLE EAST 9% INDIA - 2% 5% $10.8B $14.1B CHINA 7% SALES Performance Materials Aerospace 47% BY UNITED and Technologies STATES REGION1 ADVANCED COMMERCIAL OE 23% MATERIALS $2.8 $3.0 EUROPE 7% PROCESS COMMERCIAL OTHER AMERICAS SOLUTIONS $5.1 $5.7 AFTERMARKET DEFENSE & SPACE ~40% AFTERMARKET UOP ~$37B DEFENSE Long $2.9 1 & SPACE OE 2019 SALES DEFENSE & COMM'L AERO $5.3 COMM'L Cycle SPACE AFTERMARKET BUILDING AERO OE PRODUCTS $3.3 ~60% BUILDING Short BUILDING SAFETY SOLUTIONS SOLUTIONS $2.4 $2.2 BUILDING Cycle PRODUCTS DIVERSIFIED BUILDING PRODUCTIVITY WAREHOUSE $3.9 2 AUTOMATION MANAGEMENT PORTFOLIO PRODUCTIVITY SYSTEMS - $0.8B PRODUCTS UOP $5.7B $6.1B SAFETY SIOT PROCESS Honeywell Building Safety and Productivity ADVANCED PROCESS SOLUTIONS Technologies Solutions MATERIALS SOLUTIONS 1 Represents 2018 sales excluding Garrett (the former Transportation Systems business) and Resideo (the former Homes and ADI global distribution business); Differences between segment sales figures and the sum of sales figures for the businesses within each segment are due to rounding 2 Represents 2019E sales ©2020 by Honeywell International Inc. All rights reserved. 3 COMMITMENT | TO A SUSTAINABLE FUTURE... 4x CO2 >90% ~70% 128M ~3K Better safety record Reduction in greenhouse Improvement in energy Gallons of water conserved Acres remediated and than industry average gas emissions intensity efficiency 2004 - 2019 in “water-stressed areas” restored as valuable between 2004 - 2019 community assets ...& CORPORATE CITIZENSHIP... >170 3000 6000 Safe drinking water International high school Students in Malaysia received stations built in rural India students have attended safety training serving 600,000+ leadership and coding training at the U.S. Space and Rocket Center since 2010 ©2020 by Honeywell International Inc. All rights reserved. 4 AEROSPACE OVERVIEW OVERVIEW | AEROSPACE ~3,000 Global Software Engineers HONEYWELL AEROSPACE products and services are found on virtually every commercial, defense and HEADQUARTERS space aircraft. We build ~27,000 Phoenix, Arizona, aircraft engines, cockpit and Employees cabin electronics, wireless 4 Business Units connectivity systems, mechanical components and more, and connect many of them via our high-speed Wi-Fi offerings. Our solutions create ~10,000 ~9,000 AEROSPACE healthier air travel, more fuel- Engineers and Active Patents efficient and better-maintained and Applications aircraft, more direct and on- Technologists time flight arrivals, safer skies and airports and more comfortable flights, along with ~30 SERVICE & several innovations and Research & SUPPORT services that reflect exciting Development Extensive network when and emerging new and wherever needed transportation methods such facilities as autonomous and supersonic flight. $14.1B 2019 Sales ©2020 by Honeywell International Inc. All rights reserved. 6 DO YOU KNOW: AEROSPACE EVERYDAY 140,000 MISSION SUCCESS HONEYWELL AIR TURBINE $2.0 BILLION DOLLARS Since the 1950s, STARTERS bring to life commercial Annual spend by airlines to Honeywell has been on and military aircraft and industrial and maintain wheels and board every NASA marine equipment. brakes. space mission. Global flight delays cost airlines $25 The 16 Honeywell wheels on >160K AUXILIARY POWER BILLION. an Airbus A380 jetliner support UNITS, GENERATORS AND HIGH 1.3 MILLION POUNDS. PERFORMANCE ENGINES for That’s the equivalent to airplanes, helicopters, and military more than 35 city busses. vehicles shipped since 1948. Honeywell Our navigation solutions are Honeywell fuel control systems EVERY 5 SECONDS, components are on 90% OF COMMERCIAL have logged more than an airliner with a Honeywell 1 BILLION FUEL CONTROL onboard more AIR TRANSPORT AND Wheels & Braking system than 80% OF 70% OF MILITARY FLIGHT HOURS. lands somewhere in the world. SATELLITES AIRCRAFT in orbit. ©2020 by Honeywell International Inc. All rights reserved. 7 LEADERSHIP TEAM: AEROSPACE MIKE MADSEN ELECTRONIC SOLUTIONS MECHANICAL SYSTEMS & COMPONENTS ENGINES & POWER SYSTEMS CONNECTED AEROSPACE AMERICAS EMEAI APAC AFTERMARKET SALES AFTERMARKET SALES AFTERMARKET SALES COMMERCIAL EXCELLENCE UAS GREENHOUSE INTEGRATED SUPPLY CHAIN & STRATEGY CUSTOMER & PRODUCT SUPPORT AND DIGITAL TECHNOLOGY CHIEF TECHNOLOGY LAW & CONTRACTS HUMAN RESOURCES & FINANCE MERGERS & ACQUISITIONS COMMUNICATIONS ©2020 by Honeywell International Inc. All rights reserved. 8 PORTFOLIO BREADTH: AEROSPACE ELECTRONIC SERVICES & ROBUST SOLUTIONS CONNECTIVITY PORTFOLIO • Integrated Avionics Offerings • Connected Aircraft Services OF • Navigation, Safety and • Connectivity Systems/SATCOM TECHNOLOGY Surveillance Solutions • Data Analytics • Flight Management Systems, • Maintenance, Repair & Overhaul SOLUTIONS Flight Controls and Synthetic Vision Display Technologies • Aerospace Trading • Manned/Unmanned and Satellite Applications, Space MECHANICAL SYSTEMS & • Air Travel Hygiene & Cleaning COMPONENTS • Air Pressure & Control Systems • Components, Heat Exchangers, Valves, ENGINES & Fuel Controls, Actuators, Coatings Delivering Greater POWER SYSTEMS • Federal Solutions: Manage & Operate Value To Our • Propulsion Engines US Government Facilities – Kansas City • Auxiliary Power Units National Security Campus, Nevada Customers National Security Site, Sandia Labs • Electric Power Systems • Life Support Systems & Air Travel • Hybrid Electric Systems Hygiene & Cleaning • Wheels & Braking Systems ©2020 by Honeywell International Inc. All rights reserved. 9 ELECTRONIC SOLUTIONS ~90% ~80% of Global Aircraft Use HON Safety Systems of Satellites in Orbit Have Honeywell Content on Board COMPREHENSIVE SAFETY & NAVIGATION SPACE GENERAL AVIATION INTEGRATED SURVEILLANCE OFFERINGS APPLICATIONS AVIONICS AVIONICS SOLUTIONS Int’l Defense 11% Comm’l OE Cockpit Systems and Navigation Systems Electric Power Unmanned and Manned 25% Software Upgrades and Sensors Systems Space Missions U.S. Market Defense Segments Flight Management and Communication and Radio, Radar, and Satellite and Small 35% Flight Control Systems Information Systems Safety Systems Satellite Applications Comm’l AM 29% ©2020 by Honeywell International Inc. All rights reserved. 10 ENGINES & POWER SYSTEMS 100K+ 72K+ Auxiliary Power Units Delivered Since 1959 Engines Delivered Since 1959 PROPULSION AUXILIARY POWER ELECTRIC POWER HYBRID MICRO POWER ENGINES GENERATION PROPULSION Int’l Defense 11% Comm’l OE Electric Power Hybrid Electric 25% Auxiliary Power Units Gas Turbine Engines Systems Systems U.S. Market Defense High-Density Power Segments Micro Power Units 35% Generation Repair and Overhaul