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
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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
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Managing impact of Russia/Ukraine conflict
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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
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