Corporate Presentation Career Opportunities in Corporate Finance Jim

Corporate Presentation Career Opportunities in Corporate Finance Jim Peters- Director, Finance, Whirlpool Corporation January 24, 2006

WHIRLPOOL HAS EVOLVED THROUGH FIVE ERAS DURING ITS 94 YEAR HISTORY Corporate Presentation 1911 -1948 Single Product, Single Customer, No Brand 1948 -1980 Multi-Product and Whirlpool Brand 1980’s 1990’s 2000+ Multi-Brand, International Expansion Globalization Brand Focused Value Creation Building Brand/ Customer Loyalty Platform Best Brand / Consumer Position Trade Management and Distribution Platform Best Trade Position Global Operating Platform Best Cost Position

SEVERAL FORCES WILL SHAPE THE INDUSTRY ENVIRONMENT OVER THE NEXT 5 -10 YEARS Corporate Presentation 1 New competitive dynamic Global consolidation, new players entering NAR and Europe 6 Industry is growing 2 Continued value chain pressure Trade and supplier consolidation 3 – 4 % annual growth 5 3 Industry pricing power increasing 4 Global price increases holding – offsetting 10 year downward trend Innovation continuing to drive growth Pace and intensity of innovation accelerating Emergence of new economic powers China, India

Corporate Presentation CONSOLIDATION EXPECTED TO IMPACT MAJORITY OF REGIONAL PLAYERS Many of These Players Will be Acquired in next 5 -10 years Global Players NAR Players European Players LAR Players Asian Players

Vision Corporate Presentation Every Home, Everywhere with Pride, Passion and Performance • Total Global Demand for Major Home Appliances – $13 billion in sales • $8. 3 billion in the US with 13 plants and 28, 000 employees • $3. 1 billion in Europe with 11 plants and 14, 000 employees • $1. 7 billion in Latin America with 7 plants and 21, 000 employees • $383 million in Asia with 5 plants and 5, 000 employees

Character and Enduring Values Corporate Presentation Diversity with Inclusion We value diverse people, thoughts and ideas. Differences enable us to create value. Inclusion allows everyone to contribute to her or his fullest potential. Integrity We conduct all aspects of our business in an honorable way, recognizing there is no right way to do a wrong thing. Respect We do our best work when we trust one another as individuals, encourage diversity in our workplace, value the capabilities and contributions of each person and recognize that work is but one part of a full and rewarding life. Teamwork Pride results in our working together to unleash the potential of every person. By working together we will achieve exceptional results. Spirit of Winning We are a world class competitor in every business and marketplace in which we participate.

Corporate Presentation Career Opportunities in Global Finance

Global Finance Corporate Presentation CFO Investor Relations BPM GIS Planning & Development NAR Corporate Controller LAR CTO Treasury Europe Tax Asia

Career Paths Corporate Presentation

Corporate Presentation Finance Leadership Development Program overview: • Target a select few talents from select programs (Undergraduates, Masters of Accounting, and MBAs) • Intense early development of talent • Broad experience base through multiple assignments in various business units during early career stage • Finance professionals tested with dynamic challenges…in a Global dynamic industry

Corporate Presentation • Development - A Shared Responsibility Mentoring – Each participant will be assigned a mentor • Learning sessions led by Whirlpool Leaders – Topics of sessions will cover US GAAP, Financial Modeling, and Business Case Analysis workshops, and other lead sessions • Opportunities to develop core competencies: – – Customer Excellence, Innovation and cc: OPEX Classes will be held with participants of other functional Leadership Development Programs to additional networking opportunities • Whirlpool actively encourages employees to pursue ongoing education and certification (e. g. CFA, CPA, CMA, M. B. A. ) • Opportunities to contribute to cross functional teams including Loyalty projects • Active Participation in Leadership Development Series which could include: – Engaging Manager, Diversity with Inclusion Seminars, Participation in employee networks, E-Learning Curriculum (e. g. , effective listening, project management, etc. )

Undergraduate Profile Corporate Presentation Internships: • Concentration in Accounting, Finance or Economics • Strong analytical, interpersonal and leadership skills • Customer focused capabilities/mindset • Willing to Relocate – Assignments will be based in the Benton Harbor/ St. Joseph Michigan area Full-Time Positions: • Concentration in Accounting, Finance or Economics • Internship experience • Strong analytical, interpersonal and leadership skills • Customer focused capabilities/mindset • Willing to Relocate – Most assignments will be based in the Benton Harbor/ St. Joseph Michigan area Opportunities: • CTO • Corporate Finance (Controller’s Office, Tax) • North America Region (Corporate and Manufacturing)

Leadership Model Corporate Presentation Attributes Practices Character & Enduring Values Vision Practices and remains committed to Whirlpool’s set of enduring values and beliefs: Integrity, Respect, Teamwork and Diversity. Demonstrates high integrity and develops organizations with unquestioned levels of integrity--never compromises because of the pressures of the day. Inspires and earns trust and respect from those they lead. Displays behaviors that clearly show respect for others and with all their diversity. Puts the company’s needs first and practices teamwork across all boundaries Passionately creates a vision…communicates that vision persuasively, and aligns an organization around attainment of that vision. Helps organizations see beyond what is known today…and in the process accomplishes more than they ever thought possible Diversity & Inclusion Creates an engaging environment that leverages everyone’s thoughts, beliefs, ideas, and opinions to achieve optimal results for the Customer and the Company Confidence Demonstrates self-confidence and decisiveness that is sharply distinguished from arrogance or egotism. Develops confidence in people and entire organizations that leads to responsible risk-taking and abilities to win Thought Leadership Consistently challenges and improves thinking and decision-making processes and outcomes. Consistently offers out-of-the-box innovative thinking and sophisticated judgments that lead to results Strategy Creates strategies that align and move the organization toward the accomplishment of the vision Management Skills Demonstrates effective management skills in order to drive results through others. Effectively sets priorities, establishes individual and team expectations, facilitates productive meetings, provides candid feedback, develops people, delegates, and drives accountability Attracting & Developing Talent Attracts, develops and retains top leadership and core competency talent throughout the company. Surrounds her/himself with outstanding talent. Focuses on his/her own developmental needs Communications Communicates clearly and with candor with all constituents. Practices active-listening and 2 -way communications in order to enable alignment. Creates an environment that encourages and expects dialogue and debate Customer Champion Puts the customer at the center of every process and activity valued by the customer. Drives growth through relationship-management, innovation, and the effective and efficient use of resources Performance Driver of Change/ Transformation Anticipates the future of the business/work and creatively mobilizes resources to shape the transformation. Spends appropriate energy and resources working with the organization to drive and create transformation at all levels Extraordinary Results Consistently guides and leads the organization to extraordinary results against all dimensions of our vision, strategies and balanced scorecard goals

In The Zone Corporate Presentation Operating Plans Operational Capabilities e h T e x E cu n tio e n Zo Passion for Loyal Customers Strategic Projects Organizational Transformation cc. Opex Creates Resources for Innovation Builds Brands Strong Brands Create Loyalty Produces Growth

Questions? Corporate Presentation On-campus Internship Interviews: February 9, 2006 Deadline to Submit Resumes online: Tomorrow- Wednesday, January 25