3M Results Presentation Deck slide image

3M Results Presentation Deck

Creating value and delivering for customers Delivered solid Q2 results while focusing on customers and managing supply chain, inflation, geopolitical and COVID dynamics ● — I Overall demand remains strong across most end-markets Navigating inflationary pressures through disciplined price actions Significant Q2 challenges in Greater China region due to COVID lockdowns; stronger than expected improvement in June; expect full recovery through the remainder of the year Strong U.S. dollar resulted in FX sales translation headwind of ~4% year-on-year THI IIII 111111111 Managing impact of Russia/Ukraine conflict 1111111 201 Announced additional investments to resolve matters in Zwijndrecht, restarted manufacturing operations ... ramp up progressing as per plan pdating full-year outlook to Updating full-year environment outlook to reflect U.S. dollar strength and current macroeconomic • Confident in our long-term ability to grow above the macro, drive consistent improvement in margins and strong cash flow 2022 Q2 Earnings - July 26, 2022. All rights reserved. 3M Q2 2022 Organic growth +1.0% Includes (~4 ppt) headwind from combined impact of China lockdowns and disposable respirator decline Adjusted operating margin 21.0% Adjusted earnings per share $2.48 17
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