Axalta Coating Systems Q2 2017 Financial Results

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Industrial

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2017

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#1Axalta Coating Systems Q2 2017 FINANCIAL RESULTS August 3, 2017 A AXALTA™#2#3Q2 2017 Highlights ▪ Q2 financial results ✓ Net sales of $1,088.5 million driven primarily by 6.5% acquisition contribution ✓Net loss attributable to Axalta of $20.8 million versus $50.7 million of income in Q2 2016, driven by Venezuela deconsolidation and M&A transaction and integration costs ✓ Adjusted net income attributable to Axalta of $75.4 million versus $83.7 million in Q2 2016 ✓ Adjusted EBITDA of $227.2 million versus $251.1 million in Q2 2016 I ■ - Operating & innovation progress highlights ✓ Opened Asia Pacific Technology Center in Shanghai; opened new training centers in North Carolina and Dubai; opened new India headquarters ✓ Honored with Supplier of the Year award from GM and supplier award from Honda in Brazil TM ✓ Key new Industrial product introductions within our Colar®, Alesta®, and Durapon 70™ brands to extend product reach in new markets ▪ Balance sheet & cash flow progress ✓ Free Cash Flow generation: $73.7 million versus $174.8 million last year ✓ Upsized and refinanced USD Term Loans to finance Q2 2017 acquisitions and reduce cost of debt while extending maturities A AXALTA AXALTA COATING SYSTEMS Capital deployment & M&A activity Closed on three acquisitions including the North American Industrial Wood Coatings business from Valspar and Spencer Coatings Group in the U.K. ✓ Initiated share repurchase program by purchasing $8.3 million of shares 3#4#5Q2 Consolidated Results ($ in millions) Financial Performance Performance Transportation Net Sales Net Income (Loss) (1 (1) $1,064 2017 (0.3%) AXALTA COATING SYSTEMS Q2 (21) 2016 663 426 1,089 1,064 Adjusted EBITDA 227 251 (9.5%) (1) Represents Net Income (Loss) attributable to controlling interests Q2 2016 Volume Price 6.9% 631 5.1% 433 (1.7%) (0.7%) 2.3% 3.8% 51 Net Sales Variance % Change Incl. F/X Excl. F/X (2.4%) (1.5%) +6.5% +2.3% $1,089 FX Acq. Q2 2017 5 Commentary Net sales led by acquisition growth ■ Net sales pressured by lower volumes in Latin America Refinish and EMEA Light Vehicle, partly offset by solid growth in Industrial and Commercial Vehicle end- markets ■ A AXALTA ■ Pricing concessions in Light Vehicle and unfavorable price and product mix in Performance Coatings drove lower net sales in North America and EMEA 1.5% unfavorable currency impact shows moderating impact versus prior two years#6#7#8#9#10#11#12#13#14#15#16

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