3M Results Presentation Deck

Business Group performance Organic growth Q2 2022 Safety & Industrial Transportation & Electronics Health Care Consumer Adjusted operating margin 0.7% 21.5% 0.5% 21.0% 4.4% 22.7% -2.5% 18.5% Commentary Organic growth led by abrasives, electrical markets, closure and masking systems, roofing granules, automotive aftermarket, and industrial adhesives and tapes; personal safety declined Disposable respirator sales declined approximately $150M, or 36% organically YoY; reduced segment organic growth by 5.7 ppts Adjusted operating margins -2.1 ppts YoY; impacted by China lockdowns and manufacturing productivity headwinds; partially offset by strong spending discipline and restructuring benefits ● ● ● ● ● ● ● ● 2022 Q2 Earnings - July 26, 2022. All rights reserved. Organic growth led by advanced materials and commercial solutions; automotive OEM up low-single digits, while transportation safety and electronics declined Semiconductor supply chain challenges continued to impact global auto builds and electronics end-markets Operating margins -0.8 ppts YoY; impacted by manufacturing productivity headwinds due to China lockdowns and shutdown of certain operations in Belgium facility; partially offset by strong spending discipline and restructuring benefits Organic growth led by separation and purification sciences, health information systems, medical solutions, and oral care; food safety was flat Operating margins -2.6 ppts YoY; impacted by manufacturing productivity headwinds and investments; partially offset by sales growth, strong spending discipline, and restructuring benefits U.S. elective medical procedure and oral care volumes were approximately 90 to 95 percent of pre-COVID levels, up sequentially from Q1 levels Organic sales grew in both stationery and office and home care; home improvement and consumer health and safety both declined due to strong prior year comparisons Operating margins -2.2 ppts YoY; impacted by manufacturing productivity headwinds, partially offset by strong spending discipline and restructuring benefits 3M 21

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