PPG 3rd Quarter Earnings Report

Performance Coatings 3rd Quarter Highlights $MM (USD) 3Q22 3Q21 Chg % • Selling price increases of about 11%; and 15% on a two-year stacked basis Net Sales 2,705 2,758 -53 -2% • Segment Income 362 408 -46 -11% • Margin % 13.4% 14.8% -1.4% -- • Margin % excl. amort. 14.5% 16.0% -1.5% Select Net Sales Detail Volume Currency Divestitures • 3Q YOY Change -6% -6% -1% As forecast, lower Architectural DIY (destock) & protective & marine (China restrictions) demand All-time sales records for automotive refinish, traffic solutions and PPG Comex Continued progress in expanded U.S. architectural PRO initiative with The Home DepotⓇ Manufacturing costs impacted by higher energy prices and certain supply disruptions Open orders remain elevated; not filled due to supply constraints; similar to Q2 exit rate Divestures include wind down of Russia business Unfavorable YOY foreign currency translation reduced sales -$165MM & income ~$25MM Organic Sales Total Segment Refinish Architectural Americas & AP Architectural EMEA Aerospace PMC Traffic Solutions 3rd Quarter Results MSD MSD MSD FLAT DD LSD DD 4th Quarter LSD MSD LSD FLAT DD LSD FLAT Outlook Legend: Green (YOY percent increase); Red (YOY percent decrease); DD = double digit; HSD/MSD/LSD = High/Mid/Low Single Digit- organic sales include price and sales volumes 4th Quarter Outlook 6• Two-year stacked selling price increases of ~18%; continuing margin recovery Sales volumes down a mid-single-digit percentage compared to the fourth quarter 2021; soft architectural DIY demand (global) Raw material cost inflation of a mid-single-digit percentage YOY; elevated logistics and rising energy costs Raw material availability improving; sales volumes still affected by certain specific shortages and logistics bottlenecks Lower sales of $50 million related to small non-core divestitures and wind down in Russia Unfavorable YOY foreign currency translation reducing sales ~$160MM and income ~$10 million

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