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Investor Presentaiton

Business Update - Industrial Business ❖ PPG-AP ❖ Strong uptick in Passenger vehicles & 2-wheelers builds indicative of a recovering trend PPG asian OEM business reported good growth in Q2 after a sluggish Q1 Refinish business, though better than Q1, still low paints Automotive, Marine and Speciality Coatings ❖ AP-PPG Gradual recovery seen in Q2 Powder business leading the recovery ❖Industrial Liquid Paint demand still slow Demand from large consumption sectors like Oil & Gas and Capital Maintenance lagging ❖ Both the businesses benefiting from lower input material prices asian paints PPG PROTECTIVE, PERFORMANCE AND POWDER COATINGS Op asianpaints

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