Whirlpool Corporation Investor Presentation — April 2018

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First -Quarter Earnings Review 2018 | Whirlpool Corporation

First -Quarter 2018 Earnings Review

First -Quarter Earnings Review 2018 | Whirlpool Corporation

Chief Executive Officer

First -Quarter Earnings Review 2018 | Whirlpool Corporation

2018 FIRST -QUARTER HIGHLIGHTS

3 ▪Delivered ongoing EBIT(1) improvement and record first -quarter ongoing EPS(1)

▪Previously -announced cost -based price increases contributed to positive global price/mix

▪Fixed cost reduction actions completed and fully on- track

▪Growth and margin expansion in North America region

▪Increased quarterly dividend for the 6th consecutive year First -Quarter Earnings Review 2018 | Whirlpool Corporation

PROGRESS TOWARD LONG -TERM GOALS

Annual Organic Net Sales Growth

EBIT Margin (by 2020)

FCF as % of Net Sales (by 2018)

EBIT Margin(1) FCF as %

2.6% 6.0% Net Sales

(Forecast) ~7.5% ~5% ~1.1pts $1.0 -$1.1B ~1% ~$21.5B

nm = not meaningful $(756)M nm First -Quarter Earnings Review 2018 | Whirlpool Corporation

Q1 2018 ONGOING EBIT MARGIN(1) DRIVERS

2017 Ongoing EBIT Margin 6.0%

Fixed Cost Takeout +0.25

Ongoing Cost Productivity & Restructuring Benefits +0.5

Raw Material Inflation -1.5

2018 Ongoing EBIT Margin 6.0%

Approximate Impact First -Quarter Earnings Review 2018 | Whirlpool Corporation

Benefits of Global Price/Mix Expected to Continue

6 KEY PERFORMANCE DRIVER: PRODUCT PRICE/MIX

EMEA Q1 2018 Drivers Q1 2018

Flat Up •Realized benefits of price/mix actions on U.S. kitchen

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