Eaton Vision, Values, and Philosophy

Message from the Chairman and CEO “At Eaton, we make what matters work. By making power safe, efficient and reliable, we improve the quality of life for those who experience our products and services. We have the power to make a difference and we do that every day. As a global power management company, we help our customers solve their greatest power challenges through our industry leading electrical, aerospace, hydraulic and vehicle businesses. We are dedicated to manufacturing excellence and to providing innovative products that make our customers more successful. We transfer knowledge, learnings and successes through the Eaton Business System, a standard system of processes and procedures that drives consistent execution across all our businesses and regions of the world. This integrated operating focus allows us to deliver strong, consistent results to our shareholders. Eaton is also a value-based organization committed to making a positive impact on society and in our communities around the world. And it begins with our own employees. For those who work here, we strive to make work meaningful and to be a company where they can grow as people and as professionals. We appreciate your interest in our website and I invite you to learn more about Eaton and how what we do may fit with your personal and career goals.” - Craig Arnold Read message from Sandy Cutler. You own our culture. You own our values. You own our collective reputation.

Our Vision “To improve the quality of life and the environment through the use of our power management technologies and services.” Discussion Questions to Ask: How do our products in Van Wert improve the quality of life and environment? How does this vision help us achieve our goals? As an Eaton employee, what does this vision mean to you?

Discussion How do our products in Van Wert improve the quality of life and environment? How does this vision help us achieve our goals? As an Eaton employee, what does this vision mean to you?

Eaton's Values Customer Orientation People Trust Respect Dignity We make our customers the focus of everything we do. People We recognize our people as our most valued resource. Trust We have confidence in the reliability of others to do the right thing. Respect We treat each other with respect and consideration. Dignity We honor the pride and self-esteem of others. Integrity We are honest and ethical. Upholding Eaton's values is the key to sustaining an ethical culture. Our values are: Read values. These values are grounded in Eaton’s core beliefs and form the basis for our Code of Ethics. Now let’s review a message from our Chairman and CEO, Sandy Cutler.

Discussion How does Eaton’s Values enable success? What kind of workforce can you picture if all of those values were truly followed? Do we embody that? What values do we need to focus on and better? Which value personally do you need to develop more on?

Eaton Philosophy We drive high performance through the Eaton Philosophy: Excellence:  We strive to be the best. Accountability:  We keep our commitments. Health and Safety:  We are committed to the well being of all employees. Inclusion:  We value individual differences. Communication:  We communicate openly and honestly. Compensation:  We provide competitive pay and benefits. Learning:  We continuously learn, grow and change. Innovation:  We value new ideas. Engagement:  We are involved in our work and committed to Eaton’s future. Environment and Communities:  We strive to improve the environment and our communities. It is our belief that we achieve “Excellence through People” by creating and sustaining a high performance workplace. We drive high performance through the Eaton Philosophy, which operationalizes our core values into our responsibilities to one another, to the enterprise, to our customers and to other stakeholders. It is our deep and collective commitment to this group of values and beliefs that differentiates our company from so many other high performance companies. We commit to both High Performance and Doing Business Right. A values-based approach to achieving high performance!