Presentation by Kelly Romano, President, Building Systems and Services Carrier Corporation, UTC, at the Alliance to Save Energy's Sept. 17 2009 Summit: "All Roads Lead to Copenhagen" http://ase.org/summit

1. September 17, 2009 Kelly Romano President Building Systems and Services Carrier Corporation

2. UNITED TECHNOLOGIES$58.7B revenues; seven business units Heating, ventilating, cooling & refrigeration systems Clean power, cooling / heating solutions Aircraft engines, gas turbines & space propulsion systems Helicopters Industrial & aerospace systems Security & fire protection services Elevators, escalators, moving walkways, people movers & horizontal transportation systems 1

3. EVOLUTION OF UTC EH&S GOALS 2011-2020 Eliminate adverse impacts 2007 – 2010 Value Chain Focus 1997 – 2006 Compliance + Conservation 1991 – 1996 Compliance + Key Suppliers + UTC Products 2

4. ENVIRONMENT, HEALTH & SAFETY 1997-2006 results Waste (lbs.) Air Emissions (lbs.) Water (gal.) Recycled Non-Recycled Energy (BTUs) Normalized 69% 44% 56% 19% 72% 49% 52% 13% 66% 39% Absolute 3

5. 4 Materials of Concern Energy Efficiency Packaging 100% 10% 10% eliminated in new products from product baseline in product packaging ENVIRONMENT, HEALTH & SAFETY GOALS2010 goals for internal operations and products Factory & operations metrics NonGreenhouse GasEmissions GreenhouseGases(CO2 e) Waste Water Industrial Process Non-Recycled Consumption Chemicals Discharged 20% 12% 10% 30% 10% 10% Product metrics

6. UTC SUSTAINABILITY ACTIVITIES Supplier EH&S Expectations Materials Of Concern Product Packaging Product Efficiency Developed Logistics Waste Developing Transportation Energy Product LCA Sustainability Communications Giving: Environmental Air Supplier EH&S Impacts Codes of Conduct Giving: Engineering Water Product Carbon Footprints Sustainability Investor Relations Giving: Arts Supplier Labor Practices Transparency Diversity Product Material Content GHG Project Investment Education/ ESP Carbon costing Product safety Product Investment Compliance Emerging issues: Regulatory, climate, H&S, material scarcity, ecosystems, etc. Volunteerism Governance Ethics Safety Sustainability Financial Financial Social Environmental Social Environmental 5

7. 2006 Corporate Responsibility Report GHG REDUCTION STRATEGYEnergy & GHG reductions = lower operating costs UTC Standard Practice-017 Auditing of existing sites: identify opportunities Maximize efficiency of older systems Maximize efficiency potential of new systems, new leases and fleet Leverage cogeneration Maximize efficiency of new sites: Green buildings/zero-net energy buildings Leverage case studies for UTC product sales Supply chain energy and GHG reductions Past 2007- 2010 Future 6

8. U.S. ENERGY CONSUMPTION (Btu) Energy consumption in Quadrillion Btu. 1 quadrillion = 1,000,000,000,000,000 (15 zeros) Transportation Btu use: Auto/truck 74% Air 8% Off-highway 7% Water 5% Other 6% 100% 24% Other 28% Transportation 9% IT / electronics 10% Water heating 32% 18% Lighting 2005 US Buildings energy use by type (Quad Btu) Coal 38% Gas 31% Nuclear 15% Oil 9% Renew 8% Industry Comm’l 18% Residential 22% 40% 39% HVAC Buildings* US consumption in 2005 was 100.2 quadrillion Btu Source: 2007 Department of Energy Buildings Energy Databook * Includes Commercial and Residential buildings Which reported on 2005 data 7

9. WBCSD ENERGY EFFICIENCY IN BUILDINGSPath to zero net energy buildings 2007/2008 2008/2009 Perception that buildings CO2 impact is 19% -reality is 40% of CO2 emissions. Perception that certified sustainable building will cost 17% more than a “standard” building - reality is the additional cost is 5%. 8

10. LEED CERTIFIEDGlobal building policy LEED certified is UTC standard for all new construction LEED Gold is target Planned projects total ~ 1 million ft2 Otis TEDA manufacturing facility in Tianjin, China is LEED Gold Pratt & Whitney engine overhaul facility in Shanghai, China is LEED Silver 9

11. LEED CERTIFIEDU.S. Existing Buildings Charlotte, NC First UTC manufacturing facility in world LEED-EB 19% more energy efficient* No irrigation for lawn and landscaping Over 80% recycling rate Carrier’s safety performance continues to improve. Carrier finished February with a TRIR of 0.59, compared to our 2009 goal of 0.72. Our LWIR performance is 0.08 vs. a 2009 goal of 0.09. Factory cases are slightly higher than service cases (20 vs. 13) . BSS (evenly split between factory & service) and CCR are high business drivers. Chiller manufacturing facility Huntington, IN 30% more energy efficient* Reduced water usage Instituted green housekeeping Over 50% recycling rate 01 02 03 04 05 06 07 08 09 YTD Recordable Injury 3.19 2.64 1.95 1.65 1.24 1.15 0.91 0.76/.84 0.59/.72 Lost Day Rate 0.44 0.38 0.29 0.21 0.2 0.15 0.12 0.13/.10 0.08/.09 Electronic controls manufacturing facility *Compared to other buildings with similar function 10

12. WASHINGTON, D.C. PROJECTS NORESCO National Gallery of Art Washington, D.C. NORESCO U.S. Capital Complex Washington, D.C. EMSI® Founding Farmers Restaurant Washington, D.C. LEED® Gold Certification 80% Energy Star Appliances Energy efficiency light system that exceeds ASHRAE 90.1 lighting power standards by 10% Average Annual Savings: $350,000 VFD replacement program Energy efficient lighting upgrade program Installation of bypass ductwork to the NGA HVAC system Average Annual Savings: $2.0 million Replacement or retrofit of nearly 200,000 lighting fixtures 11

13. 12 Building automation system controls HVAC, lighting and other systems, optimizing energy consumption Integrated security solutions provide access control, visitor management, and video management capability Requires up to 90% less water than traditional sprinkler systems ENERGY EFFICIENT SOLUTIONS Elevators that use less energy when lifting loads – and give back energy on descent Energy audit and sustainability services to reduce energy use and operating expenses Combined cooling, heating and power solutions can double energy efficiency over most conventional grid sources with Foxfire™ technology The world’s most efficient non-ozone-depleting water-cooled chiller Clean power, cooling / heating power

14. ROADMAP TO FUTURE Whole building, whole life = CO2 reductions Buildings have the greatest potential and are the cheapest option Address both new buildings and retrofit / replace existing buildings Investments are needed to push the market. The market alone will not do it Simple subsystemapproaches will not be enough All actors need to be involved 13