Whirlpool Corporation Investor Presentation — October 2018

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Third -Quarter Earnings Review 2018 | Whirlpool Corporation

Second -Quarter 2018 Earnings Review

Third -Quarter 2018 Earnings Review

Third -Quarter Earnings Review 2018 | Whirlpool Corporation

Chief Executive OfficerGLOBAL OVERVIEW

Third -Quarter Earnings Review 2018 | Whirlpool Corporation

2018 THIRD -QUARTER HIGHLIGHTS

3▪All-time record ongoing EPS of $4.55 and EBIT margin expansion in 3 of 4 regions

▪Very strong price/mix improvement; positive in all regions

▪North America delivered strong revenue and share growth with ongoing EBIT margin

▪Announced new strategic actions to refocus and right -size the EMEA business

▪Recently announced cost -based price increases, including U.S. kitchen and Brazil

▪Tax rate favorability driven by tax planning and pension pre-fundingThird -Quarter Earnings Review 2018 | Whirlpool Corporation

Record Ongoing EPS of $4.55

Expect Full Year Ongoing EPS of $14.50 -$14.80 (High End of Previous Range)

4PROGRESS TOWARD LONG -TERM GOALS

Annual Organic Net Sales Growth

FCF as % of Net Sales

EBIT Margin(1)FCF as %

(Forecast)~6.4% ~3% Flat ~$600M** Flat ~$21.2B$(874)M* nmLong -Term

*Includes ~$350M pension contribution

**Includes ~$200M of voluntary items,(~1.5% ex currency)

including pension contributionThird -Quarter Earnings Review 2018 | Whirlpool Corporation

Q3 2018 ONGOING EBIT MARGIN(1)DRIVERS

5(Approximate impact) Q3

2017 Ongoing EBIT Margin 6.6%

NetCost (excluding Raw Material/Tariff I nflation)* +0.25

Raw Material/Tariff Inflation -1.75

Marketing & Technology Investments -0.75

2018 Ongoing EBIT Margin 6.2%

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