to make people more comfortable & more productive, to make the world a better place to live...

To make people more comfortable & more productive, to make the worlda better place to live in…. forever..

Willis Carrier

Willy Hillenmeyer Current/permanent address: 20 rue de l’Orangerie 78000 Versailles France

Alexandre Hollander Current/permanent address: 3 rue du 29 juillet 75000 Paris France

present…

Oksana Marchand Current/permanent address: 2 av Pasteur Martin Luther King 78230 Le Pecq France

Lutz Quietmeyer Current/permanent address: 8 rue Saint Famille 78000 Versailles France

OUR TEAM BSJ

A UTC FAMILY

The world leader in heating, ventilating and air conditioning systems

HISTORY

1902: Willis H. Carrier invents modern air conditioning

1915: Willis Carrier and other six engineers founded Carrier Engineering

1922: Public debut of Carrier air conditioning at a theatre in Los Angeles

1952: Carrier introduces the first mass-produced unit for central air-conditioning in homes

1979: UTC* acquires Carrier

CARRIER IN FRANCE

1993: Paris*, France – The UTC capital in Europe;Headquarters for Europe, Middle East & Africa

The capital of the UTC subsidiaries

Future synergies

UTC auditing team

UTC treasury

Market expansion

KEY BENEFITS OF PARIS, ILE de FRANCE

Location

Efficient transportation networksTime zoneCultural capitalTechnological epicenter

Fiscal Policies

Special rules for HeadquartersSpecial regime for ExpatriatesR&D tax credit

KEY BENEFITS OF PARIS, ILE de France (cont.)

“A walk about Paris will provide lessons on history, in beauty, and in the point of life”.

Thomas Jefferson

Product quality

Low product costHigh productivityBrand image

Market Potential

New residential productsProduct adaptationOpportunities in Eastern Europe

Human Resources Adaptation

Recruitment

Manager/ExecutivesSupporting Staff

Compensation/Benefits

Higher than national average salariesProfit sharingSaving planEmployee scholar programLoansCommittee d’Entreprise (discount travel, holiday gifts)

Management Development

Leadership Advanced ProgramDarden Program

Human Resources Adaptation (cont.)

Performance Appraisal

Motivation

BonusStock optionsInternational transfers

Communication Policies

Délégée de PersonnelDialogIntranet

“Embracing the notion that a skilled and better-educated workforce is good for business and good for society, UTC actually pays its employees to continue their education”

ABC’s Good Morning America

PRODUCTS

RESIDENTIAL LIGHT COMMERCIAL COMMERCIAL

WRACsPortablesHiwallsConsolesHeat pumps

AquasmartVRFSatellitesCassettesUnder-ceiling

AquasnapChillersRooftopsLarge packagesAHU

90 % of sales

Hydronic Technology in Montluel, FRANCE

CLIENTS

INSTALLERS/DISTRIBUTORS SIMPLICITY

THEIREXPECTATIONS

CONSTRUCTORS PRICE

ARCHITECTS DESIGN

INDIVIDUAL BUYERS COMFORT

COMPANY’S VALUES

CUSTOMER SATISFACTION

- Carrier Factory Authorized Dealer Designation- Growing Partnerships

ENVIRONMENTAL AWARENESS

CUSTOMER SATISFACTION

You need AIR, AIR needs CARRIER

“Successful businesses improve the human condition…”

UTC’s Commitments

Confidentiality

As a publicly traded company, UTC’s subsidiaries are fully consolidated and include group wide sales

revenue figures per country. As a result of Carriers policy, company specific financial results would not be disclosed to our

group.

OUR SPECIAL THANKS TO

Mr Jean-Pierre Levrey, VP Marketing and Product Development, Carrier EMEA

Mme Muriel Makharine, VP Legal Affaires

Mr Sergio Gonzalez, VP Finance

Mme Sophie Loulergue, Human Resources Director

Mr Alain Lemat, Supply Chaine Director

and their assistants: Mme Martine Vanderlin, Mme Rosemary Coyle, et Mme Claudine Henry

Address: Tour Albert 1er, 65 avenue de Colmar, 92500 Rueil MalmaisonTel.: 33 (0) 1 42 26 66 00

REFERENCES

2002 UTC annual report, “The nature of United Technologies”

2002 year in review, “The nature of United Technologies”

“Paris, Ile de France…..the Decision makers’ choice”, DATAR, Invest in France Network, 1997

www.utc.com

www.carrier.com

www.carrier.utc.com (intranet)

www.carrier.fr

www.utclearningportal.com (intranet)