Investor Presentaiton

Q3 2021 Performance Coatings Results Financial Performance Q3 % Change ($ in millions) 2021 2020 Incl. F/X Excl. F/X Refinish Industrial 443 402 10.4 % 9.1 % 336 281 19.5 % 18.3 % Net Sales 779 683 14.1 % 12.9 % Adjusted EBIT 123 134 (8.3)% % margin 15.8 % 19.6 % $683 5.2% Net Sales Variance 5.0% 1.2% 2.7% 14.1% $779 Q3 2020 Volume Price/Mix FX Acq. 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 AXALTA COATING SYSTEMS 222 22

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