Q3 2018 Financial Results

Q3 2018 Highlights ■ ■ Q3 2018 financial results Net sales of $1,139.3 million up 4.4%; driven by growth of 6.9% excluding FX impact Net loss (attributable to Axalta) of $13.1 million versus income of $54.9 million in Q3 2017 Adjusted net income of $77.5 million versus $65.0 million in Q3 2017 Adjusted EBITDA of $234.7 million, 12.0% growth versus $209.5 million in Q3 2017 ■ H ■ ■ End-market observations Refinish: Double-digit YoY net sales increase driven by pricing actions and volume growth Industrial: Solid organic growth largely driven by price contribution and volume Light Vehicle: Volume growth in Americas; improved YoY price-mix versus 1H comparisons Commercial Vehicle: Consistent global trends; robust demand continues in Americas ■ I ■ ■ Balance sheet & cash flow highlights Operating cash flow of $124.5 million versus $212.3 million in Q3 2017 Free cash flow of $89.6 million versus $182.5 million in Q3 2017 $49.8 million of shares repurchased at a weighted average price of $29.64 H PROPRIETARY 3 A AXALTAⓇ AXALTA COATING SYSTEMS

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