Q3 Performance Coatings Report

Q3 Performance Coatings Results ($ in millions) Refinish Industrial Net Sales Adjusted EBIT % margin $683 Q3 2020 5.2% Financial Performance Volume 2021 Q3 443 336 779 123 15.8 % 5.0% 2020 Price/Mix 402 281 683 134 19.6 % Net Sales Variance 1.2% FX Incl. F/X % Change 10.4 % 19.5 % 14.1% (8.3)% 2.7% Acq. Excl. F/X 9.1 % 18.3 % 12.9 % 14.1% $779 Q3 2021 Commentary Despite ongoing supply chain constraints, net sales growth driven by volume recovery, pricing realization, M&A and FX tailwinds Increased volumes from both Refinish and Industrial despite moderate supply chain constraints Positive contribution from price-mix across both end- markets as pricing actions continue; mix a modest headwind Initial M&A contribution from recently closed acquisitions ▪ FX tailwind driven by the Renminbi, Mexican Peso, Euro, and Pound ■ Adjusted EBIT saw a YOY reduction from raw material pressure and absence of temporary savings Headwinds from raw material inflation, absence of temporary savings, and higher logistics costs, offset partly by pricing actions and volume recovery 7 A AXALTA

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