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Investor Presentaiton

Q3 2021 Consolidated Results Financial Performance % Change 14.1 % (10.1)% Excl. F/X ($ in millions, except Q3 per share data) 2021 2020 Incl. F/X Performance Coatings 779 683 Mobility Coatings 309 344 Net Sales 1,089 1,027 6.0 % 12.9 % (11.6)% 4.7 % Income (loss) from ops 125 142 (12.0)% Adjusted EBIT 146 210 (30.6)% % margin 13.4 % 20.4 % Diluted EPS Adjusted EPS 0.30 0.35 (14.3)% 0.39 0.59 (33.9)% $1,027 (1.6)% Net Sales Variance 4.5% 1.3% 1.8% 6.0% $1,089 Commentary Net sales increased from price-mix tailwinds and M&A contribution; strong volume outside of Light Vehicle Q3 net sales YOY growth across all end-markets except Light Vehicle Three of four end-markets show volume growth; Light Vehicle impacted by supply chain shortages Pricing actions benefited all end-markets Initial M&A contribution from recently closed acquisitions FX tailwind driven by the Renminbi, Euro, and Pound YOY Adjusted EBIT reduction for the third quarter Headwinds from lower Mobility volumes, raw material inflation, absence of temporary savings, and higher logistics costs, offset partly by pricing actions Q3 2020 Volume Price/Mix FX Acq. Q3 2021 AXALTA COATING SYSTEMS 21
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