Whirlpool Corporation Investor Presentation — April 2017

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First -Quarter Earnings Presentation 2017 | Whirlpool Corporation

2017 FIRST -QUARTER EARNINGS REVIEW

First -Quarter Earnings Presentation 2017 | Whirlpool Corporation

CAUTIONARY STATEMENT

2 This presentation contains forward -looking statements about Whirlpool Corporation and its consolidated subsidiaries (“Whirlpool ”) that speak only

as of this date . Whirlpool disclaims any obligation to update these statements . Forward -looking statements in this document may include, but are

not limited to, statements regarding expected earnings per share, cash flow, productivity and raw material prices . Many risks, contingencies and

uncertainties could cause actual results to differ materially from Whirlpool's forward -looking statements . Among these factors are: (1) intense

competition in the home appliance industry reflecting the impact of both new and established global competitors, including Asian and European

manufacturers ; (2) Whirlpool's ability to maintain or increase sales to significant trade customers and the ability of these trade customers to

maintain or increase market share ; (3) Whirlpool's ability to maintain its reputation and brand image ; (4) the ability of Whirlpool to achieve its

business plans, productivity improvements, and cost control objectives, and to leverage its global operating platform, and accelerate the rate of

innovation ; (5) Whirlpool's ability to obtain and protect intellectual property rights ; (6) acquisition and investment -related risks, including risks

associated with our past acquisitions, and risks associated with our increased presence in emerging markets ; (7) risks related to our international

operations, including changes in foreign regulations, regulatory compliance and disruptions arising from political, legal and economic instability ; (8)

information technology system failures, data security breaches, network disruptions, and cybersecurity attacks ; (9) product liability and product

recall costs ; (10) the ability of suppliers of critical parts, components and manufacturing equipment to deliver sufficient quantities to Whirlpool in a

timely and cost -effective manner ; (11) our ability to attract, develop and retain executives and other qualified employees ; (12) the impact of labor

relations ; (13) fluctuations in the cost of key materials (including steel, resins, copper and aluminum) and components and the ability of Whirlpool to

offset cost increases ; (14) Whirlpool ’s ability to manage foreign currency fluctuations ; (15) inventory and other asset risk; (16) the uncertain global