Annual Investor Conference Tom Gross, Vice Chairman and COO, Electrical Sector February 27, 2015 © 2015 Eaton. All Rights Reserved.. Public and private sectors We provide reliable, efficient, safe and sustainable power management for… © 2015 Eaton. All Rights Reserved.. Homes and Buildings Industrial Facilities and Machinery Information Technology Energy and Utilities 3 Our seven core competencies deliver solutions for the entire power system Data Centers Industrial Utility © 2015 Eaton. All Rights Reserved.. Commercial / Resi Machinery 4 Our technology platforms sell across a number of key markets Key End-Markets Technology Platforms Oil & Gas / Other Industrial Machine Builders Resi / Comm’l Construction Data Center / IT Utility Circuit Protection & Power Distribution      Power Quality & Backup Power Protection                 Control & Automation     Structural Solutions & Wiring Devices   Services & Project Management  Lighting & Security Harsh & Hazardous © 2015 Eaton. All Rights Reserved.. 5 We are balanced both geographically and across key segments Electrical Geographic Mix 2014 Sales $13.7B Electrical End Market Mix 2014 Sales $13.7B Resi 9% U.S. 55% Industrial 23% Utility 12% NonU.S. 45% Data Center / IT 15% Machine Builders 11% Commercial & Institutional / Gov’t 30% © 2015 Eaton. All Rights Reserved.. 6 Products is a $7.3B segment with the scale and technological innovation to compete globally Electrical Products Growth Drivers • Circuit Protection & Power Distribution Components • Leading the conversion to LED lighting • Industrial Controls • Growth in the global distribution channel • Lighting • Power Quality 1-Phase • Safety • Structural Solutions • Wiring Devices Operating Margin 17.7% - 18.3% 17.2% • Global power quality product offering for IT markets • Leveraging our portfolio of industry leading electrical components 2014 © 2015 Eaton. All Rights Reserved.. 2015E 7 Systems & Services is a $6.5B segment providing solutions to all levels of the value chain Electrical Systems & Services • Engineering Services • Power Distribution Assemblies • Power Quality 3-Phase • Power Systems • Solutions for Harsh & Hazardous Environments Growth Drivers Operating Margin • Arc flash and explosion-proof technologies • Capitalizing on leadership position for energy-efficient UPS 14.5% - 15.1% 13.8% • IEC assemblies for global markets • Exploiting our extensive project management capabilities and value-added services © 2015 Eaton. All Rights Reserved.. 2014 2015E 8 We remain on track to deliver our Cooper synergy projections Annual Pre-tax Synergies ($ millions) 2013 2014 2015 2016 15 35 80 150 Cost-out synergies 100 175 280 325 Total operational synergies 115 210 360 475 Acquisition integration costs, pre-tax 112 140 40 - Profit from sales synergies • $150M in incremental synergy profits in 2015 compared to 2014 • $115M in incremental synergy profits in 2016 compared to 2015 © 2015 Eaton. All Rights Reserved.. 9 We are meeting our revised sales synergy targets… Boost Channel Sales Larger Package to Common Customers Service Business Completed the rollout of a new distributor program to channel partners (EDAP) Implemented integrated selling organizations on a global basis Coupled service offers to all Industrial, Commercial and Utility quotations and projects Launched new channel web portal tools (MyEaton) Added resources to focus on global accounts and key EPC firms Rolled out a service channel module to key distributors 75% of total 2016 sales synergies Geographic Expansion Integrated selling, service, and channel activities in key regions Enhanced and expanded Eaton Tech Days in Asia, Africa, and the Middle East 25% of total 2016 sales synergies © 2015 Eaton. All Rights Reserved.. 10 …as well as our revised cost synergy targets EBS Plant & Distribution Rationalization projects on-schedule Application of EBS Tools Implementation of tools proceeding per plan Successful disposition of excess properties Supply Chain Leveraging Eaton’s Economies of Scale Infrastructure Leveraging common spend Consolidating indirect spend Operating SG&A actions ahead of plan Office consolidation projects complete Corporate Cost Reduction All actions completed IT and data center migrations ahead of schedule Leveraging distribution footprint to reduce freight costs 60% complete 70% complete 70% complete 90% complete 100% complete Note: percentages indicate cost synergies completed. Balance of work is underway and will be finished by year end. © 2015 Eaton. All Rights Reserved.. 11 There are several keys to our current and future success • A portfolio of great brands • Strength in the channel • An array of customer and application experts • Leading positions in important markets such as lighting, data centers, and key industrials • The broadest basket of customer solutions • Innovative products and services © 2015 Eaton. All Rights Reserved.. 12