Whirlpool Corporation Investor Presentation — June 2018

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Second -Quarter Earnings Review 2018 | Whirlpool Corporation

Second -Quarter 2018 Earnings Review

Second -Quarter Earnings Review 2018 | Whirlpool Corporation

Chief Executive Officer

Second -Quarter Earnings Review 2018 | Whirlpool Corporation

2018 SECOND -QUARTER HIGHLIGHTS

3 ▪Ongoing EBIT margin expansion despite challenging cost environment

▪Significant price/mix improvement year -over -year and sequentially; positive in all regions

▪Following weak EMEA results, taking strong actions to re store profitability in second half

▪North America delivered strong margins despite temporary industry decline

▪Repurchased $1B of common stock with anticipated proceeds from sale of Embraco

▪Ongoing results exclude second -quarter non -cash expenses of ~$860M related to EMEA Second -Quarter Earnings Review 2018 | Whirlpool Corporation

Remain Committed to Long -Term Goals, But Timing Impacted by Cost Challenges

4 PROGRESS TOWARD LONG -TERM GOALS

Annual Organic Net Sales Growth

FCF as % of Net Sales

EBIT Margin(1) FCF as %

(4)% 6.7% Net Sales

(Forecast) ~6.9% ~4% ~0.5pts ~$850M Flat ~$21.3B

nm = not meaningful $(725)M nm Long -Term

Goals Second -Quarter Earnings Review 2018 | Whirlpool Corporation

Q2 2018 ONGOING EBIT MARGIN(1) DRIVERS

5 (Approximate impact) Q2

2017 Ongoing EBIT Margin 6.5%

Gross Cost Takeout* +0.25

Raw Material Inflation -1.25

Marketing & Technology Investments -0.50

2018 Ongoing EBIT Margin 6.7%

*Inclusive of F ixed Cost Takeout, Ongoing Cost Productivity (including freight and warehousing) and Restructuring Benefits Second -Quarter Earnings Review 2018 | Whirlpool Corporation

Demonstrated Commitment to Delivering Significant Global Price/Mix

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