Investor Presentaiton

4-Year Financial Outlook to 2024 Net Sales Earnings Growth ■ Ongoing market recovery and share opportunities (~45%) ■ Increased revenue from new markets and products (~30%) ■ Increased revenue from emerging markets (~25%) ■ M&A: strategic bolt-ons and high-growth adjacencies ■ Modest margin improvement driven by overhead leverage 2024 TARGETS 4-5% Organic Growth (CAGR '19-'24) aEPS: $2.90-3.10 in 2024 Robust Cash Flow Free cash flow conversion at least 45%1 Strong focus on working capital management $2.4B cumulative 4-Year FCF2 Efficient Capital Allocation Strong Balance Sheet ■ ROIC focused investment decisions - mid-teens IRR minimum for new investment ■ More aggressive focus on M&A and Share Repurchases Expect to become an investment grade issuer over time ■Maintain flexibility for opportunistic M&A Majority of 4-Year FCF deployed in M&A & Repurchases ~2.5x net leverage ratio 1. FCF is Operating Cash Flow less Capex plus Cash Swaps; conversion is FCF/Adjusted EBITDA 2. Excludes potential cash outflow from "operational matter”; net of any insurance recoveries AXALTA COATING SYSTEMS 32

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