Market Overview

Welbilt Launches the Welbilt Kitchen Leasing Program

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Creates first ‘pay as you go' solution for professional kitchens

Welbilt, Inc. (NYSE:WBT), a leading global provider of commercial
foodservice equipment, today announced that it has successfully launched
the Welbilt Kitchen Leasing Program at the 2018 National Restaurant
Association show in Chicago. This first-of-its-kind program is designed
to provide all of the hot, cold and beverage equipment needed to run a
professional kitchen. The program is available to customers in the
United States.

"We are excited to be the first company to offer commercial kitchen
leasing solutions that will allow our customers to effectively ‘pay as
you go', rather than to pay entirely up front, for their professional
kitchen," said Hubertus Muehlhaeuser, President and Chief Executive
Officer of Welbilt. "This is another important step to further tailor
our services to our customers' needs and underlines our commitment to
revolutionize the foodservice industry with fresh concepts."

Welbilt's Kitchen Leasing Program will include the entire range of
Welbilt brands and is offered in partnership with Marlin Finance that
acts as the lessor. The program will empower startup restaurants, fast
growing chains, and independents in many ways:

  • The up-front costs for setting up a professional kitchen will be
    significantly lower and the cash flow savings can be invested in other
    important areas of the new or established restaurant business.
  • Operators can shift their attention from the kitchen equipment to
    their customers leaving them with more time to focus on customer
    experience, food quality, and culinary creativity.
  • Leasing allows them to change products, implement new technologies,
    create better efficiencies, get new warranties, update kitchen
    layouts, and even develop new menu concepts with little to no extra
    costs.

Hubertus Muehlhaeuser, "Leasing an entire kitchen provides restaurant
owners with a high level of flexibility, lower risk of full ownership,
an uptime guarantee and better cash flow. Our customers can buy the
equipment at the expiration of the lease or get brand new models with
new warranties and new advanced technology features. In addition,
operators can exchange one brand for an entirely new brand with little
to no cost. This flexibility allows restaurants to constantly evolve
their menu concept, improve their kitchen design, and to introduce
innovations in cooking solutions."

Welbilt will be partnering with dealers to help operators design the
kitchen they wish to lease. Should an operator prefer to lease certain
appliances, but not a full kitchen system, Welbilt also offers to bundle
equipment.

Welbilt has the most comprehensive portfolio of hot and cold foodservice
equipment in the industry backed up by exceptional after-sales service
and connected via its new connectivity platform KitchenConnect. Together
with the new kitchen lease program, Welbilt is uniquely positioned to
provide operators with solutions that support the growth of their
business and the evolution of their kitchens.

For more information about Welbilt's Kitchen Leasing Program and Welbilt
financing solutions, please visit http://www.welbilt.us/Sales/Financing

About Welbilt, Inc.

Welbilt, Inc. provides the world's top chefs, premier chain operators
and growing independents with industry-leading equipment and solutions.
Our innovative products and solutions are powered by our deep knowledge,
operator insights, and culinary expertise. Our portfolio of
award-winning product brands includes Cleveland™, Convotherm®,
Crem®, Delfield®, Frymaster®, Garland®,
Kolpak®, Lincoln™, Manitowoc® Ice, Merco®,
Merrychef® and Multiplex®. These product brands
are supported by two service brands: FitKitchen®, our
fully-integrated kitchen systems brand, and KitchenCare®, our
aftermarket parts and service brand. Headquartered in the Tampa Bay
region of Florida and operating 17 manufacturing facilities throughout
the Americas, Europe and Asia, we sell through a global network of over
3,500 distributors and dealers in over 100 countries. We have
approximately 5,800 employees and generated sales of $1.45 billion in
2017. For more information, visit www.welbilt.com.

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