Q3 2019 Financial Results

Q3 Performance Coatings Results ($ in millions) Refinish Industrial Net Sales Adjusted EBIT % margin $756 Financial Performance PROPRIETARY (4.3)% 2019 442 282 724 125 17.3% Q3 5.0% Q3 2018 Volume Price 2018 441 315 756 Net Sales Variance 104 13.8% (2.3)% % Change Incl. F/X Excl. F/X % (10.4)% (4.3)% 20.0 % (2.7)% 2.5% (8.4)% (2.0)% (4.3)% $724 FX Acq./Disp. Q3 2019 5 Commentary Low single-digit net sales growth ex-FX and JV sale driven by strong price and mix contribution ■ A AXALTAⓇ - Continued strong price-product mix tailwinds across both end-markets and all regions Net negative M&A impact of 2.7% includes China powder coatings JV sale in Industrial ▪ Unfavorable currency impact driven by the Euro, Renminbi, Pound, and Argentine Peso I Refinish volume down globally; Industrial volume decline driven by global industrial production trends which remain challenged globally Adjusted EBIT margin up 350 bps Improvement driven by positive price- product mix and lower fixed costs AXALTA COATING SYSTEMS

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