3M Results Presentation Deck

Q3 2021 operating margin and EPS Earnings Per Share $2.45 Q3 2020 Organic volume/productivity and other Price/raw material FX Other expense/income Tax rate* Shares outstanding Q3 2021 Operating Income Margin 2021 Q3 Earnings - October 26, 2021. All rights reserved. 22.9% -1.4% -1.3% -0.2% ΝΑ ΝΑ ΝΑ 20.0% -$0.02 - $0.12 -$0.01 +$0.08 + $0.09 -$0.02 $2.45 Q3 2021 organic volume +4.9; productivity penalties from global supply chain challenges; restructuring savings offsetting restructuring charge; increased investments in growth and sustainability; increased litigation-related costs Selling price increases more than offset by higher raw materials and logistics costs Net of hedge impact; full-year 2021 FX benefit of approximately $0.15 per share, remains unchanged Primarily non-operating pension benefit and lower net interest expense Q3 2021 tax rate 18.4% versus 21.5% in prior year; full-year 2021 tax rate expected in range of 18.5% to 19.5% vs. 20% to 21% previously Average diluted shares up 1% * The effect of income taxes on items that had specific tax rates are reflected within their respective impacts in the table above. 3M 6

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