Whirlpool Corporation · NYSE:WHR
Whirlpool — Raymond James 42nd Annual Institutional Investors Conference (March 2021)
19 slides from Whirlpool's conference presentation, Mar 2, 2021
Slide 1: Raymond James 42nd Annual Institutional Investors Conference
Raymond James 42nd Annual Institutional Investors Conference 1
Slide 2: In Constant Pursuit of Improving Life at Home
In Constant Pursuit of Improving Life at Home 2
Slide 3: Leading Kitchen and Laundry Appliance Company
Leading Kitchen and Laundry Appliance Company Global Leading Best Brand Proven Track Record Best Cost Scale Portfolio of Innovation Position #1 in 6 of Our Five Five Brands Brands with Launched Global ~100 Innovation Awards Strong Track Record Top 10 Countries $1B+ in >$1B in Sales Sales Red Dot, Pr
Slide 4: Regional Catalysts for Growth
Regional Catalysts for Growth Europe, Middle East North America Latin America Asia and Africa #1 +20% CAGR #1 Most Preferred Most preferred appliance 33% SHARE POSITION IN 3 OF brand in Brazil, recognized THE 4 KEY COUNTRIES for iconic design 14% 2% Ongoing EBIT(1) % FRANCE Top 3 Most Preferred PENE
Slide 5: Track Record of Delivering Strong Results
Track Record of Delivering Strong Results 2018 TO 2020 RESULTS +280 11% 18% 3-Year Total bps CAGR Shareholder Return 3 Consecutive Years of +6.6 pts vs Household Ongoing EBIT(1) Margin Record Ongoing EPS(1) Durables Index 21% CAGR +250 bps Return on Free Cash Flow(2) Invested Capital(6) 5
Slide 6: Affirming 2021 Guidance
Affirming 2021 Guidance DELIVERING ON LONG-TERM VALUE CREATION TARGETS PROFITABLE GROWTH MARGIN EXPANSION CASH CONVERSION LONG-TERM ~3% ~10% 6%+ GOALS ONGOING EARNINGS BEFORE INTEREST ANNUAL ORGANIC NET SALES GROWTH FREE CASH FLOW AS % OF NET SALES AND TAX, % OF NET SALES Ongoing EBIT YoY Change Free
Slide 7: 2021 Net Sales Growth Drivers
2021 Net Sales Growth Drivers SHARE GROWTH IN A STRONG DEMAND ENVIRONMENT ✓ Sustained strong global demand led by an increased focus on the home ✓ Robust U.S. housing demand ✓ Leveraging global brand and product portfolio to gain share in all regions ✓ U.S supply chain recovery expected by the end o
Slide 8: 2021 Margin Enablers
2021 Margin Enablers LEVERAGING RESILIENT BUSINESS MODEL IN AN INFLATIONARY ENVIRONMENT ✓ Disciplined execution of go-to-market strategy ✓ Consumer-focused, innovative products ✓ Cost-based price increases announced in Brazil, Russia and India ✓ Delivering cost efficiencies through advanced productivi
Slide 9: Long-term Growth and Margin Expansion Levers
Long-term Growth and Margin Expansion Levers Direct to Consumer International Growth Cost Productivity SWASH DETERGENT END-TO-END HIGH GROWTH POTENTIAL DRIVE COST EFFICIENCIES THROUGH LAUNDRY EXPERIENCE ACROSS THE GLOBE DIGITIZATION OF VALUE CHAIN 9
Slide 10: 2021 Capital Allocation
2021 Capital Allocation Fund Innovation and Growth Return to Shareholders Capital Expenditures Mergers & Share Targeted Capital & Research and Dividends Development Acquisitions Repurchase Structure ● Targeting to invest ● Pursue ● 2021 marks the ● $1.4B of share ● Ended 2020 with ~6% of net sales i
Slide 11: Whirlpool Corporation brands
Whirlzool CORPORATION Whirlpool = MAYTAG’ ‘Hotpoint Consul GSRASTEMP SS \ SENNAIR Glaukmecht *Whirlpool Corporation ownership of the Hotpoint brand in EMEA and Asia Pacific regions is not affiliated with the Hotpoint brand sold in the Americas,
Slide 12: Cautionary Statement
Cautionary Statement This 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,
Slide 13: Appendix
Appendix 13
Slide 14: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures, some of which we refer to as “ongoing” (1) measures: Ongoing earnings per diluted share, earnings before interest and taxes (EBIT), EBIT margin, ongoing EBIT, and ongoing EBIT margin Other non-GAAP finan
Slide 15: Index of Supporting Information
Index of Supporting Information Slide # Slide Title & Description Source / Notes 3 LEADING KITCHEN AND LAUNDRY The World’s Leading Kitchen and Laundry appliance company is based on most recently available publicly APPLIANCE COMPANY reported annual revenues among leading appliance manufacturers. 3 LE
Slide 16: Ongoing Earnings Before Interest and Taxes (EBIT)
Ongoing Earnings Before Interest and Taxes (EBIT) The reconciliation provided below reconciles the non-GAAP financial measure ongoing earnings before interest and taxes, with the most directly comparable GAAP financial measure, net earnings available to Whirlpool, for the 12 months ended December 31,
Slide 17: Free Cash Flow
Free Cash Flow As defined by the company, free cash flow is cash provided by (used in) operating activities after capital expenditures, proceeds from the sale of assets and businesses and changes in restricted cash. The reconciliation provided below reconciles free cash flow with the most directly comp
Slide 18: Return On Invested Capital
Return On Invested Capital The reconciliation provided below compares the non-GAAP financial measure Return on Invested Capital (ROIC) with the most directly comparable GAAP financial measure, Return on Assets (ROA), for the 12 months ended December 31, 2018, 2017, 2016, 2015, 2014, 2013, 2012 and 201
Slide 19: NAR Ongoing EBIT
NAR Ongoing EBIT The reconciliation below reconciles the North American Region non-GAAP financial measure ongoing segment EBIT with segment EBIT, for the 12 months ended December 31, 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2009 and 2008. Ongoing segment EBIT margin is calcul
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