Whirlpool Corporation · NYSE:WHR

Whirlpool — Raymond James 43rd Annual Institutional Investors Conference 2022

15 slides from Whirlpool's conference presentation, Mar 9, 2022

  1. Slide 1: Raymond James 43rd Annual Conference

    Raymond James 43rd Annual Conference 1

  2. Slide 2: Our Business

    Our Business IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME SALES BY CATEGORY $22B 16% ANNUAL SALES 30% Dishwashing Refrigeration and Other 26% 7 Cooking Appliances $1B+ BRANDS 28% Laundry Appliances 69K SALES BY REGION EMPLOYEES 6% Asia 57% 14% North Latin America America 54 23% MANUFACTURING & Euro

  3. Slide 3: Our Leading Position

    Our Leading Position IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME Global Leading Scale Best Brand Portfolio Proven Track Record Best Cost Position of Innovation #1 in 6 of Our Top 10 Seven brands with $1B+ in sales Track record of innovation for Track record of cost productivity Countries over 100+

  4. Slide 4: Track Record Of Delivering Results

    Track Record Of Delivering Results IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME Revenue Growth on Track Sustained EBIT Margin Consistent Cash Generation Organic Revenue Ongoing EBIT Margin (1,3) Free Cash Flow (2) +4.3pts ~3% Consistently delivering shareholder value Note: In 2022 the company began

  5. Slide 5: Long Term Value Creation Goals

    Long Term Value Creation Goals IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME PROFITABLE GROWTH MARGIN EXPANSION CASH CONVERSION LONG-TERM GOALS 5-6% 11-12% 7-8% ONGOING EARNINGS BEFORE INTEREST FREE CASH FLOW ANNUAL ORGANIC NET SALES GROWTH AND TAX, % OF NET SALES AS % OF NET SALES Net Sales YoY Cha

  6. Slide 6: Strong Underlying Demand Trends In Place

    Strong Underlying Demand Trends In Place IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME 4%+ ~4.5% COMPONENTS OF DEMAND DRIVERS Replacement New Construction Discretionary (~55%) (~15%) (~30%) ● Usage rate increase of 50% for ● Aging home inventory below ● Key macro indicators remain washers and 2.5x f

  7. Slide 7: Our Strategic Imperatives Have Positioned Us To Win

    Our Strategic Imperatives Have Positioned Us To Win IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME NEW ECOSYSTEMS WITH WIN THE DIGITAL ~$1B D2C BUSINESS SIGNIFICANT OPPORTUNITIES CONSUMER JOURNEY More than 60% of consumers have tried new shopping behaviors 4.7 4.8 SWASH DETERGENT END-TO-END FASTEST G

  8. Slide 8: Actions In Place to Grow and Protect Our Margins

    …Actions In Place to Grow and Protect Our Margins IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME COST-BASED PRICE INCREASES ON TRACK Offset RMI with previously announced cost-based price increases across the globe and ongoing net cost take-out actions NAVIGATE SUPPLY CHAIN CONSTRAINTS Constraints expe

  9. Slide 9: Our Legacy of Responsibility

    Our Legacy of Responsibility IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME Created a Women’s Launched the Published formal Network, providing Resource SaverⓇ CEO Bud Gray Code of Ethics to a voice for women’s washer, the issues letter to Established the guide our business needs within the industry’s

  10. Slide 10: Investment Thesis

    Investment Thesis IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME Profitable Growth Margin Expansion Free Cash Flow Funding the Business Returning Cash Conversion through Innovation to Shareholders 5% - 6% 11% - 12% 7% - 8% Investing ~6% ~$2.9 BILLION Annual Organic Net Sales Ongoing EBIT, % of Net Sal

  11. Slide 11: Benton Harbor, Michigan; Pero (Milan), Italy; Hong Kong, China; São Paulo, Brazil

    BENTON HARBOR, MICHIGAN PERO (MILAN), ITALY HONG KONG, CHINA SÃO PAULO, BRAZIL * Whirlpool Corporation ownership of the Hotpoint brand in EMEA and Asia Pacific regions is not affiliated with the Hotpoint brand sold in the Americas 11

  12. Slide 12: Cautionary Statement

    Cautionary Statement IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME 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-loo

  13. Slide 13: Free Cash Flow Historical Summary

    Free Cash Flow(2) Historical Summary IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME (Approximate impact in millions) 2018 2019 2020 2021 Adjusted Free Cash Flow $853 $912 $1,246 $1,963 Less: Sale of Assets/Business $160 $140 $166 $302 Less: Changes in restricted cash $54 $40 $(10) $10 Free Cash Flow

  14. Slide 14: Organic Net Sales Reconciliation

    Organic Net Sales Reconciliation IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME The reconciliation provided below reconciles the non-GAAP financial measure organic net sales with reported net sales for the 2018-2021 fiscal years. Twelve Months Ended December 31, (Approximate impact in millions) 2018 20

  15. Slide 15: Use of Non-GAAP Financial Measures, GAAP Accounting Changes and Additional Items

    Use of Non-GAAP Financial Measures, GAAP IN CONSTANT PURSUIT OF IMPROVING LIFE AT HOME Accounting Changes and Additional Items 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 inter

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