PPG 3rd Quarter Earnings Report

3 Third Quarter 2022 Financial Highlights Net sales up 2% Adjusted earnings per diluted share* of $1.66 • • • • • • Selling prices +12% (~18% 2-year stack); foreign currency -6% Sales volumes decreased 3%; slowing demand in Europe & China Order backlogs continue ~$200 million: aerospace & auto refinish Raw material cost inflation persists: ~40% 2-year stack Selling price fully offset total cost inflation in the third quarter Unfavorable foreign currency translation ~$30 million Acquisition synergies & cost actions delivered ~$25 million savings Sequential lower net debt ~$400 million Cash deployment and liquidity • • Operating cash flow of ~$500 million Cash of $1.1 billion at quarter-end / solid liquidity continues Comparisons are year-over-year, unless otherwise indicated. *Adjusted EPS (from continuing operations) see presentation appendix for reconciliation to reported EPS Cash includes cash and cash equivalents, and short-term investments

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