Q2 2021 Financial Results

U-POL Acquisition Offers Strong Strategic Fit Adj. EBITDA 2021E: $38M upol Compelling Strategic Fit Transaction Overview Net Sales 2021E:~$145M (Net Sales and Adjusted EBITDA pre-synergy) ■ ■ ■ ■ ■ ■ ■ Adj. EBITDA Margin: ~26% ■ ■ ■ ■ Leading manufacturer of automotive refinish products and aftermarket protective coatings applications; UK-based Serves growing Mainstream / Economy and DIY segments with global customer base One manufacturing and R&D site in the UK with global distribution sites in the UK, NA, Russia, and South Africa Accelerates growth strategy and builds on Axalta's #1 refinish market position Highly complementary portfolio expands addressable markets Expanded capabilities with Raptor® protective coatings as well as aftermarket accessories Strong margin profile and FCF conversion; immediately accretive to Adjusted EBITDA margin Disciplined bolt-on acquisition with mid-teens IRR £428 million (~$590 million) purchase price Highly synergistic acquisition; annual operating synergies of ~$10 million expected to be realized within 18 to 24 months Meaningful commercial synergies potential over time EV/EBITDA multiple of ~12.5x 2021E Adjusted EBITDA including run-rate operating synergies and efficiencies Anticipated closing in 2H 2021; Net Sales and Adjusted EBITDA contribution from the acquisition in 2H 2021 subject to timing of close 5 A AXALTA

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