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Second -Quarter Earnings Review 2018 | Whirlpool Corporation Second -Quarter 2018 Earnings Review
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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