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2021 E arnings R e vie w THURSDAY, JANUARY 27, 2022
2021 E arnings R e vie w
THURSDAY, JANUARY 27, 2022
2This document 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 future financial results, long-term value creation goals, restructuring and repurchase expectations,
productivity, direct-to-consumer sales growth, raw material prices and the impact of COVID-19 on our operations. Such statements can be
identified by the use of terminology such as "may," "could," "will," "should," "possible," "plan," "predict," "forecast," "potential," "anticipate,"
"estimate," "expect," "project," "intend," "believe," "may impact," "on track," and similar words or expressions. Many risks, contingencies and
uncertainties could cause actual results to differ materially from Whirlpool's forward-looking statements. Among these factors are: (1) COVID-19
pandemic-related business disruptions and economic uncertainty; (2) intense competition in the home appliance industry reflecting the impact
of both new and established global competitors, including Asian and European manufacturers, and the impact of the changing retail
environment, including direct-to-consumer sales; (3) 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; (4) Whirlpool's ability to maintain its reputation and brand image; (5) the ability
of Whirlpool to achieve its business objectives and leverage its global operating platform, and accelerate the rate of innovation; (6) Whirlpool’s
ability to understand consumer preferences and successfully develop new products; (7) Whirlpool's ability to obtain and protect intellectual
property rights; (8) acquisition and investment-related risks, including risks associated with our past acquisitions, and risks associated with our
presence in emerging markets; (9) risks related to our international operations, including changes in foreign regulations, regulatory compliance
and disruptions arising from political, legal and economic instability; (10) information technology system failures, data security breaches, data
privacy compliance, network disruptions, and cybersecurity attacks; (11) product liability and product recall costs; (12) the ability of suppliers of
critical parts, components and manufacturing equipment to deliver sufficient quantities to Whirlpool in a timely and cost-effective manner; (13)
our ability to attract, develop and retain executives and other qualified employees; (14) the impact of labor relations; (15) fluctuations in the cost
of key materials (including steel, resins, copper and aluminum) and components and the ability of Whirlpool to offset cost increases; (16)
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