2014 TODAY’S HONEYWELL Updated: October 2014. We are building a world that’s safer and more secure … more comfortable and energy efficient … more innovative.

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Presentation transcript:

2014 TODAY’S HONEYWELL Updated: October 2014

We are building a world that’s safer and more secure … more comfortable and energy efficient … more innovative and productive … This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 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 release 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. 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.

3 Today’s Honeywell Overview - Who Is Honeywell - Honeywell in T&T - How Does the Internet Benefit T&T’s Oil & Gas Sector - Specifics of Internet Input - The challenges of IT & Internet Use in Industry - Honeywell’s Capabilities How Does The Internet/Telecoms Contribute to Trinidad and Tobago’s Gas and Oil Sector? Riard Mohammed & Adrian Manick Oct 2014

4 Today’s Honeywell Honeywell Aerospace Automation and Control Solutions $39.1B in sales for % sales outside U.S. Performance Materials and Technologies 1,300 sites, 68 countries 131,000 employees Morristown, NJ headquarters Fortune 100

5 Today’s Honeywell Who Is Honeywell? Highly Diversified, Technology Driven Industrial Company Business OverviewGreat Positions In Good Industries (2013 Sales, $B) Honeywell’s technology is used to produce more than 60% of the world’s gasoline, 67% of the world’s paraxylene (a precursor for polyester), and 85% of the world’s biodegradable detergents. Honeywell developed the first autopilot flight controller (1914), first commercial weather radar system (1954), first business jet turbofan engine (1975), and is still the leader in developing revolutionary technology for aerospace today. Honeywell is the leader in gas detection, fire systems, personal protective equipment, building controls, home comfort and security, and scanning and mobility. Honeywell pioneered automotive turbocharging 60 years ago and remains the industry leader launching, on average, 100 new turbo applications globally each year. Businesses: Air Transport & Regional Business & General Aviation Defense & Space Transportation Systems Headquarters: Phoenix, AZ headquarters Businesses: Building Solutions Environmental and Combustion Controls Industrial Safety Fire Safety Security Group Scanning and Mobility Sensing and Control Businesses: Honeywell’s UOP Process Solutions Fluorine Products Resins and Chemicals Specialty Products Electronic Materials Headquarters: Morristown, NJ

6 Today’s Honeywell Global Reputation… World Class Quality… Trinidad & Tobago Excellence…

7 Today’s Honeywell TT Installed Base – Strategic Importance

8 Today’s Honeywell “How Does the Internet/Telecoms Contribute to Trinidad and Tobago’s Oil and Gas Sector” The Question?

9 Today’s Honeywell Business, Market & Competitive Intelligence Business Automation Safety Operational Effectiveness Supply Chain Cost Reduction Technical Collaboration & Support Training Security Alerts & Notifications Across The Corporation – Field to the Stock Market! O&G Sector Activities Leveraging the Internet

10 Today’s Honeywell Challenges - Safety and Risk on offshore facilities - Specialized training requirements - Cost of flights, freight limitations - Limited accommodation space and POB - Wrench time, NUIs Bring the equipment to the vendor ! Technical Support

11 Today’s Honeywell Remote Monitoring - Rotating machinery – lubricant levels, vibration, temperature - Vessel and pipeline integrity – pressure, flow rate, erosion - Power Systems – voltage/freq. fluctuations, duty cycle - Control systems – loop performance monitoring, hardware faults - Utilities – A/C performance Remote alerts, analysis and collaboration - SMS Alerts Remotely executed actions – backups, software updates Preventative/Predictive Maintenance

12 Today’s Honeywell Teleconferencing (incl. video conferencing) - Within organizations; between business partners HelpDesks and ITIL compliant support - Vendors, specialist support contractors Fog Computing – where the cloud meets the ground - Big Data handling, MDCs Business Continuity & Disaster Recovery - Geographically distributed redundancy Global Connectivity

13 Today’s Honeywell Industrial Control Cyber Security Landscape Cyber Attacks Graying Workforce Contractors Tribal ICS Knowledge Employee Turnover Remote Workers Human Error Mobile Devices Removable Media Wireless Microwave Open Systems Remote Access Remote Sites Network Connections COTS Components Plain Text Protocols Computer Viruses Hacking Spyware Worms Trojan Horses Spear Phishing Malware APTs Impersonators Insider Threats Cyber Terrorists Nation States Hacktivists Technologists Organized Groups Challenges People Perpetrators

14 Today’s Honeywell Industrial IT: Security Concerns Rise in cyber risk - Increased malware - Process control targets (Stuxnet, Shamoon, Flame, etc) - Hacker/nation states Increased reliance (prevalence) on ‘Open Systems’ - Skewed ratio of people to computers in production environment - Mission critical systems being managed by open systems Inability to deploy automatic/IT solutions due to proprietary/critical systems

15 Today’s Honeywell Industrial IT Challenges Increase in industry and government regulations or standards

16 Today’s Honeywell Industrial IT Solutions Assess against industry standards, regulatory requirements and best practices Remediate focuses on the actions needed to address issues identified in the Assess phase Assure addresses methods to assure your Industrial IT solutions are functioning as designed Manage refers to the management of your Industrial IT investment, including network security

17 Today’s Honeywell Honeywell’s Expertise

18 Today’s Honeywell Questions