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Second Quarter 2022 Earnings Review TUESDAY, JULY 26, 2022
TUESDAY, JULY 26, 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, portfolio transformation, restructuring and
repurchase expectations, productivity, direct-to-consumer sales growth, raw material prices and the impact of COVID-19 and the Russia/Ukraine
conflict 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) the ongoing Russian invasion of Ukraine and related conflict and sanctions; (2) COVID-19
pandemic-related business disruptions and economic uncertainty; (3) 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; (4) 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; (5) Whirlpool's ability to maintain its reputation and brand image; (6) the ability
of Whirlpool to achieve its business objectives and leverage its global operating platform, and accelerate the rate of innovation; (7) Whirlpool’s
ability to understand consumer preferences and successfully develop new products; (8) Whirlpool's ability to obtain and protect intellectual
property rights; (9) acquisition and investment-related risks, including risks associated with our past acquisitions; (10) Whirlpool's ability to
navigate risks associated with our presence in emerging markets; (11) risks related to our international operations, including changes in foreign
regulations; (12) Whirlpool's ability to respond to unanticipated social, political and/or economic events; (13) information technology system
failures, data security breaches, data privacy compliance, network disruptions, and cybersecurity attacks; (14) product liability and product recall
costs; (15) the ability of suppliers of critical parts, components and manufacturing equipment to deliver sufficient quantities to Whirlpool in a
timely and cost-effective manner; (16) our ability to attract, develop and retain executives and other qualified employees; (17) the impact of labor
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