Business overview Jonas Samuelson, President and CEO Q1 Highlights - PowerPoint PPT Presentation

Q1 Results presentation 2019

Business overview Jonas Samuelson, President and CEO

Q1 Highlights SE SEKm Km Q1 2 1 2019 019 Q1 2 1 2018 018 Cha hange Organic growth in most business areas Net s et sales es 29,710 10 27,906 06 6. 6.4% 4% Or Orga ganic gr growth 1. 1.9% 1. 1.8% • Price increases and positive mix in all Acquis isit itio ions 0. 0.4% 1. 1.5% business areas Dives estm tments ts -0. 0.7% 0. 0.0% 0% • Strong price execution in North America Curre rrency 4.8 .8% -4. 4.4% 4% and Latin America EBIT BIT 248 48 76 764 -67. 7.5% • Lower volumes, primarily private label Marg rgin 0.8% 0. 2.7% 7% -1. 1.9pts in North America EBIT BIT ex excl. N NRI 1, 1,302 302 1, 1,36 360 -4. 4.2% EBIT BIT margin ex excl. N NRI 4.4% 4. 4% 4.9 .9% -0. 0.5pts Price increases offsetting headwinds EPS, PS, SE SEK 0.28 0. 1.92 1. -85.6 .6% • Contribution from price offsetting EBIT IT a and m d margin gin headwinds from raw material costs, 2,400 8% trade tariffs and currency 2,000 • Investments in marketing and R&D 6% 1,600 supporting product launches 1,200 4% 800 • Restructuring charges in North America 2% 400 and Latin America 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 EBIT EBIT % EBIT % R12 ELECTROLUX Q1 2019 PRESENTATION 3 Note: Excluding non-recurring items (NRI). NRI in Q1 2019 includes SEK 1,054m related to restructuring charges in North America and Latin America.

Innovation targeting consumer experience • Strengthened global offering of multidoor refrigerators — An attractive and fast growing category — One common platform — Successful launch in Australia in 2018, driving strong growth — Launch in North and Latin America in Q1 2019 • New kitchen range under a sharper Electrolux brand — Focus on growing profitably in the premium segments — Connected features — New range rolled out in Europe during 2019 ELECTROLUX Q1 2019 PRESENTATION 4

Europe SE SEKm Km Q1 2 1 2019 019 Q1 2 1 2018 018 Cha hange Strong performance Net s et sales es 10,553 ,553 9,76 760 8.1% 1% • Positive overall demand in Europe Or Orga ganic gr growth 4.4% 4. 4% 6.8 .8% • Improved sales volumes, product mix Acquis isit itio ions 0. 0.3% 3% 1. 1.1% 1% and slight price increases Curre rrency 3.5% 3. 3. 3.3% 3% • Continued market share gain in EBIT BIT 68 686 610 10 12.4% 4% built-in-kitchen products Marg rgin 6.5 .5% 6. 6.2% 0. 0.2pts Improved earnings and margins • Strong organic contribution from EBIT IT a and m d margin gin volume/price/mix offset higher raw 1,200 10% material costs and currency 9% 1,000 8% 7% 800 6% 600 5% 4% 400 3% 2% 200 1% 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 EBIT EBIT % EBIT % R12 Note: Excluding non-recurring items. NRI in Q2 2018 includes provision of SEK 564m relating to French competition authority investigation and SEK 254m to the unfavourable court ruling in France. ELECTROLUX Q1 2019 PRESENTATION 5 NRI in Q4 2018 includes reversal of a provision of SEK 71m

European Core Appliances Market Total European shipments, quarterly unit comparison y-o-y 10% 0% 5% 5% 0% 0% -5% 5% -10% -1 0% -15 15% -2 -20% 0% 2 200 009 2 201 010 2 201 011 2 201 012 2 201 013 2 201 014 2 201 015 2 201 016 2 201 017 2 201 018 201 019 Source: Electrolux estimates ELECTROLUX Q1 2019 PRESENTATION 6

North America SE SEKm Km Q1 2 1 2019 019 Q1 2 1 2018 018 Cha hange Good performance in core business offset Net s et sales es 9, 9,099 99 8, 8,785 85 3. 3.6% by lower private label business Or Orga ganic gr growth -5.0% 0% -5.9 .9% • Market decline vs strong growth last year Acquis isit itio ions 0. 0.0% 0% 0.5% 0. Dives estm tments ts -2.0% 0% 0. 0.0% 0% • Good price traction and mix improvement Curre rrency 10. 10.5% -7. 7.9% • Lower volumes due to private label EBIT BIT -48 482 -14 148 n.m. n.m • Share gains in core branded products Marg rgin -5.3% 3% -1. 1.7% -3. 3.6pts EBIT BIT ex excl. N NRI 34 347 448 448 -22.5% Margin n excl. N . NRI 3. 3.8% 5.1% 1% -1. 1.3p 3pts Higher prices offset cost headwinds EBIT a and d margin rgin • Price increases and mix partly offset lower volumes, higher costs from raw materials 1,200 10% and trade tariffs 1,000 8% 800 6% 600 4% Active measures taken to strengthen 400 2% competitiveness 200 0% 0 -2% • Consolidation of cooking production Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 • Restructuring charge in Q1 EBIT EBIT % EBIT % R12 Note: Excluding non-recurring items. NRI in Q1 2018 includes SEK 596m, NRI in Q1 2019 includes restructuring charge of SEK 829m. ELECTROLUX Q1 2019 PRESENTATION 7

U.S. Core Appliances Market U.S. shipments, quarterly unit comparison y-o-y 15% 5% 10% 0% 5% 5% 0% 0% -5% 5% -10% -1 0% -15 15% -20% -2 0% 2 200 009 2 201 010 2 201 011 2 201 012 2 201 013 2 201 014 2 201 015 2 201 016 2 201 017 2 201 018 201 019 Source: AHAM and includes AHAM 6 (Washers, Dryers, Dishwashers, Refrigerators, Freezers, Ranges and Ovens) and Cooktops ELECTROLUX Q1 2019 PRESENTATION 8

Latin America SE SEKm Km Q1 2 1 2019 019 Q1 2 1 2018 018 Cha hange Recovery in the Latin American market Net s et sales es 4,312 312 4, 4,247 47 1. 1.5% • Positive demand in Brazil and Chile while Or Orga ganic gr growth 6.9 .9% 5.9 .9% Argentina continued to decline Curre rrency -5.4 .4% -11. 11.8% • Organic growth driven by price EBIT BIT -223 35 35 n.m n.m. increases and mix improvement Marg rgin -5.2% .2% 0. 0.8% -6.0p 0pts • Higher prices impacted sales volumes EBIT BIT ex excl. N NRI 2 35 35 -94. 4.2% Margin n excl. N . NRI 0. 0.1% 1% 0. 0.8% -0. 0.7pts Underlying earnings in line vs last year • Increased prices fully offset negative EBIT a and d margin rgin headwinds from currency and raw 300 6% material costs 250 4% 200 150 2% 100 Consolidation of refrigeration 0% 50 manufacturing 0 -2% -50 • Restructuring costs for closure of -100 -4% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 production line in Chile 2017 2018 2019 EBIT EBIT % EBIT % R12 Note: Excluding non-recurring items. NRI in Q1 2019 includes restructuring charge of SEK 225m. ELECTROLUX Q1 2019 PRESENTATION 9

Asia-Pacific, Middle East and Africa SE SEKm Km Q1 2 1 2019 019 Q1 2 1 2018 018 Cha hange Continued growth in the region Net s et sales es 3,445 445 3, 3,19 197 7. 7.8% • Demand growth in Southeast Asia and Orga Or ganic gr growth 2.2% 5.8 .8% MEA while Australia remained softer Acquis isit itio ions 0. 0.1% 1% 4.2% 4. • Sales growth in both Southeast Asia and Curre rrency 5.5% 5. 5% -5.0% 0% MEA, driven by higher volumes and mix EBIT BIT 110 110 16 163 -32 32.5% • Lower volumes in Australia following Marg rgin 3.2% 3. 5.1% 1% -1. 1.9pts price increases EBIT impacted by continued FX headwind EBIT a and d margin rgin • Positive contribution from higher prices 400 12% and mix could not offset the currency 350 10% headwind and lower volumes 300 8% 250 • Ongoing investments in major product 200 6% launches impacted earnings negatively 150 4% 100 2% 50 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 EBIT EBIT % EBIT % R12 ELECTROLUX Q1 2019 PRESENTATION 10

Professional Products SE SEKm Km Q1 2 1 2019 019 Q1 2 1 2018 018 Cha hange Solid performance with high organic growth Net s et sales es 2,302 302 1, 1,917 17 20. 0.1% 1% Or Orga ganic gr growth 11.8% 11. 0.7% 0. • Sales increase in food, laundry and beverage Acquis isit itio ions 3. 3.8% 7. 7.8% Curre rrency 4. 4.4% 4% 1. 1.6% • Solid growth in the aftermarket business EBIT BIT 301 301 237 37 26. 6.8% Marg rgin 13. 13.1% 1% 12.4% 4% 0. 0.7pts Increased earnings and margins • Contribution from price/mix/volume • Higher costs for R&D and marketing EBIT a and d margin rgin for new product launches 350 14% 300 12% 250 10% Acquisition of the espresso machines 200 8% manufacturer Unic in France 150 6% 100 4% • Strengthening the beverage offering 50 2% 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 EBIT EBIT % EBIT % R12 ELECTROLUX Q1 2019 PRESENTATION 11

For Internal Use Only Financial overview Therese Friberg, CFO