#1#2#3Q2 2019 Highlights ■ ■ ■ Q2 2019 financial results Net sales of $1.2 billion down 4.5% YoY (decrease of 0.1% ex-FX and China JV sale) Positive price-product mix in both segments, including notable acceleration in Light Vehicle Income from operations of $158 million increased 7.8% YoY; Adjusted EBIT of $197 million increased 8.6% versus $182 million in Q2 2018 ■ ■ ■ I Diluted EPS of $0.42 increased 35.5% from Q2 2018; Adjusted EPS of $0.52 increased 13.0% from Q2 2018 End-market observations Refinish: Strong price-product mix globally; mid-single digit net sales growth ex-FX Industrial: Strong price-product mix globally; moderate volume pressures from slower global industrial production trends as well as impact of a consolidated China powder coatings JV sale ■ ■ ■ I Commercial Vehicle: Continued volume growth in all core regions Cash flow highlights Operating cash flow of $127 million in Q2 2019 versus $142 million in Q2 2018 Free cash flow of $104 million in Q2 2019 versus $107 million in Q2 2018 ■ ■ ■ Light Vehicle: Strong price-product mix contribution of 3.6%; volume pullback reflecting production trends globally $40 million deployed for share repurchases at $24.90 weighted average price ($105 million deployed year-to-date) $400 million revolver (currently undrawn) extended by three years at improved terms A AXALTAⓇ PROPRIETARY 3 AXALTA COATING SYSTEMS#4#5Q2 Performance Coatings Results ($ in millions) Refinish Industrial Net Sales Adjusted EBIT % margin $786 Financial Performance PROPRIETARY (3.5)% 2019 447 309 757 128 16.9% Q2 4.7% Q2 2018 Volume Price 2018 448 338 786 109 Net Sales Variance 13.9% (3.5)% % Change Incl. F/X Excl. F/X (0.2)% (8.4)% (3.7)% 17.2 % (1.4)% 3.6 % (5.3)% (0.2)% (3.7)% $757 FX Acq./Disp. Q2 2019 5 Commentary Solid net sales growth ex-FX and JV sale driven by strong price contribution ■ A AXALTAⓇ ■ Refinish volume down modestly pressured by North America and emerging markets; Industrial volume decline driven by global industrial production trends Continued strong price-product mix tailwinds across both end-markets and all regions Net M&A impact includes China powder coatings JV sale in Industrial Unfavorable currency impact driven by the Euro, Renminbi and Real Adjusted EBIT margin up 300 bps Improvement driven by positive price- product mix and lower fixed costs AXALTA COATING SYSTEMS#6#7#8#9#10#11#12#13#14#15#16#17#18