Q3 Performance Coatings Report

Introduction and Q3 Financial Highlights Third Quarter 2021 Highlights Q3 2021 net sales increased 6.0% year-over-year to $1,089 million with substantial growth from three of four end-markets; Light Vehicle continued to be impacted by auto OEM production constraints ■ ■ ■ ■ ■ Performance Coatings price-mix increased 5.0%, including mid-single digits increase in both Refinish and Industrial Mobility Coatings price-mix improved 3.6% inclusive of indexing benefits within the Light Vehicle business Income from operations of $125 million versus $142 million in Q3 2020; Adjusted EBIT of $146 million compared with $210 million in Q3 2020; Q3 results exceeded July earnings guidance Diluted EPS of $0.30 versus $0.35 in Q3 2020; Adjusted diluted EPS of $0.39 versus $0.59 in Q3 2020 Strong cash flow from operations of $143 million; liquidity of over $1.1 billion - - Repurchased 3.1 million shares of common stock ($90 million spend) at $29.04 average price per share in Q3 2021; $214 million share repurchases year-to-date Closed acquisition of U-POL, a leading manufacturer of automotive repair and refinish products, on September 15, 2021 3 A AXALTA

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