pezentare honeywell jan2014
TRANSCRIPT
-
8/9/2019 Pezentare Honeywell Jan2014
1/13
Todays Honeywell
Com an Overview
Updated March 15, 2013
This release contains certain statements that may be deemed forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of1934. 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 andassessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditi ons, expected
future developments and other factors they believe to be appropriate. The forward-looking statements i ncluded in this release are also subject to a number ofmaterial 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 businessdecisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in ourForm 10-K and other filings with the Securities and Exchange Commission.
-
8/9/2019 Pezentare Honeywell Jan2014
2/13
Honeywell
$39-39.5Bin sales*
54%sales outside U.S.
1,300 sites, 70 countries
132,000 employees
Morristown, NJheadquarters
Fortune 100
2 Todays Honeywell
Aerospace
Automation andControl Solutions
*2013 guidance
Performance Materialsand Technologies
Transportation Systems
-
8/9/2019 Pezentare Honeywell Jan2014
3/13
Energy Efficiency & Clean Energy Generation
Green
Biofuels
Air Traffic
Modernization
Low Global
With more than 50% of our
products linked to energy
efficiency, Honeywell is
helping the world meet itsenergy challenges
3 Todays Honeywell
By immediately and comprehensively
adopting existing Honeywell products,
the U.S. could reduce energy
consumption 20 to 25%
Buildings
Refrigerants
Fuel-efficient
Turbochargers
Industrial ProcessEfficiency
DemandResponse, &Smart Grid
EnergyPerformance
Contracts
-
8/9/2019 Pezentare Honeywell Jan2014
4/13
Globalization
Honeywell is developing
solutions that will improve the
quality of life for people
around the world
4 Todays Honeywell
61% of our employees and
54% of annual sales
are outside of the U.S.
-
8/9/2019 Pezentare Honeywell Jan2014
5/13
Honeywells Businesses
AerospaceAutomation and
Control Solutions
PerformanceMaterials andTechnologies
TransportationSystems
5 Todays Honeywell
Phoenix, AZheadquarters
$12.1-12.3 billionsales*
Minneapolis, MNheadquarters
$16.4-16.6 billionsales*
Morristown, NJheadquarters
$6.9-7.0 billionsales*
Rolle, Switzerlandheadquarters
$3.6-3.7 billionsales*
*2013 guidance
-
8/9/2019 Pezentare Honeywell Jan2014
6/13
Honeywell Footprint in Romania
Bucuresti
Lugoj
Transportation Systems
1. Honeywell Garrett Bucharest
- Operational since June 1998
- Manufacturing Turbochargers- 660 employees
2. Honeywell Friction Materials Ploiesti
-
Ploiesti
6 Todays Honeywell
.
- Manufacturing brake pads- 220 employees
3. Honeywell International Services Bucharest
- Operational since March 2009- Business support services- 275 employees
Automation and Control Solutions
1. Honeywell Romania Bucharest
- Operational since1992
- Engineering, Customer Support, Sales, R&D- 400 employees
2. Honeywell Life Safety Lugoj (HLS)
- Acquired in 2005- Manufacturing Fire systems
- 700 employees
-
8/9/2019 Pezentare Honeywell Jan2014
7/13
TS history in Romania
1995 Partnership Contract for turbo components manufacturing betweenAllied Signal TLV and Turbomecanica, a Romanian aerospace company
1997 Acquisition of Turbomecanica automotive business including building,machines and personnel contracts
1998 Inauguration of Allied Signal Bucharest Plant
2000 Company name changes to Honeywell Garrett SRL after Honeywellsmerger with Allied Signal
7 Todays Honeywell
2003 Start of turbo production (project Orion)
2005 1 million Turbo
2009 new TS legal entity Honeywell International Services (65+ laborcontracts transferred)
2012 new TS legal entity: Honeywell Friction Materials SRL
2013 20th million Turbo Made in Romania; 4+ million Turbo / year
-
8/9/2019 Pezentare Honeywell Jan2014
8/13
Bucharest TS HUB - update
Constanta Nazarcu
Jan 9, 2014
-
8/9/2019 Pezentare Honeywell Jan2014
9/13
HIS Romania
Established in March 2009 - 65 employees transferred from HTT plant
Today hires 275 central functions supporting mainly TS & CORP
2 locations: Upground - 225 EE & HTT plant - 50 EE
CLA negotiated with Employees Committee (4th one signed in March13)
Entity support: 2 HRGs, 2 Finance, 1 Admin / MRO, 1 HSE
Established in March 2009 - 65 employees transferred from HTT plant
Today hires 275 central functions supporting mainly TS & CORP
2 locations: Upground - 225 EE & HTT plant - 50 EE
CLA negotiated with Employees Committee (4th one signed in March13)
Entity support: 2 HRGs, 2 Finance, 1 Admin / MRO, 1 HSE
Company backgroundCompany background
9 Todays Honeywell
Cost +6% agreements - 2013 Rev 12.3M$
15 I/C Customers/ 70+ cost centers HIS holds the Lease agreement and today
manages the Upground facility 700 Honees (TS + ACS)
Cost +6% agreements - 2013 Rev 12.3M$
15 I/C Customers/ 70+ cost centers HIS holds the Lease agreement and today
manages the Upground facility 700 Honees (TS + ACS)
SBGs presenceSBGs presence FinancialsFinancials
Exponential growth, still lots of possibilities to explore
HTT, 162FM, 71
CORP, 37PMT, 2 AERO, 2 ACS, 1
-
8/9/2019 Pezentare Honeywell Jan2014
10/13
HIS Romania
Young, diversified work-force & relatively newto Honeywell
Average age: 32 y.o.
Average seniority: 3 years
42% < 2 yrs
Young, diversified work-force & relatively newto Honeywell
Average age: 32 y.o.
Average seniority: 3 years
42% < 2 yrs
HR Dynamics & Site complexityHR Dynamics & Site complexity TS distributionTS distribution
ISC, 126Finance, 64
Mkt &Sales,
31
HR & IT,12
10 Todays Honeywell
15 % Band 4
Attrition < 5% in 2012
PER survey 2013 Favorable 86.77%
Over 65 remote managers - 50% of eesmanaged remotely
15 % Band 4
Attrition < 5% in 2012
PER survey 2013 Favorable 86.77%
Over 65 remote managers - 50% of eesmanaged remotely
High diversity and cross functional exposure
ISC HTT FM TSProcurement 43 9 52Supply Chain 29 13 42
AME 16 5 21Quality 1 5 6Proto 3 - 3HOS & HSE 2 - 2Total 94 32 126
-
8/9/2019 Pezentare Honeywell Jan2014
11/13
Bucharest Finance COE Today
64 finance professionals 100% university graduated
- 81% economics- 19% humanistic &
engineering
Demographics:
- 86% females / 14% males- Average age: 29 y.o.
11 Todays Honeywell
English (100%), French (25%),German (20%), Italian (8%),Spanish (8%), Chinese (3%)
- Plus other capabilities:Hungarian, Hindi, Russian,
Korean 55% > 2 yrs. in Honeywell
5% Attrition in 2013
-
8/9/2019 Pezentare Honeywell Jan2014
12/13
Data entry
Error Resolution
Analysis & Reporting
Vendors Payment
Collection
Credit management
Cash application
Analysis & Reporting
Closing
GAAP / Statutory
Cash / Bank
P2P C2C
Fin reporting Acc Recs
HTT,40
FM, 19
Aero, 2 Corp, 3
SBGs presence
Bucharest Finance COE - Scope
12 Todays Honeywell
Fixed Assets
HTT WW
consolidation
ntercompany
Fixed Assets E-recs support
Compliance Reporting
Reconciliation
Indirect Tax Fin Forecasts
Control & analysis
Master Data maint.
Internal control
activities
Other
P2P,
31C2C,22
ATR, 6
FP&A,2
Other,2
Activities
-
8/9/2019 Pezentare Honeywell Jan2014
13/13
13 Todays Honeywell
www.honeywell.com