Q2 2021 Financial Results

Q2 Mobility Coatings Results ($ in millions) Light Vehicle Commercial Vehicle Net Sales Adjusted EBIT % margin $171 Financial Performance Q2 2020 87.4% 2021 Volume Q2 126 44 171 (39) (23.0)% Net Sales Variance 244 77 321 6 1.8% 2020 (4.1)% Price/Mix Incl. F/X 4.9% % Change FX 93.1 % 74.0 % 88.2 % 114.5% Excl. F/X 87.7 % 71.0 % 83.3 % 88.2% $321 Q2 2021 Commentary Net sales growth almost double from prior year lows, though hindered by customer supply constraints, largely in semiconductors I ■ ■ Axalta volumes outpacing global production build growth despite semiconductor chip shortage in Light Vehicle as well as parts shortages and customer strike in Commercial Vehicle ■ Negative price-mix contribution across both end- businesses driven by unfavorable customer mix Modest FX tailwinds driven by the Euro and Chinese Renminbi Adjusted EBIT and margin expansion Adjusted EBIT improvement seen across both end- businesses as volumes continue to recover despite some impact from semiconductor chip shortage and modest tailwinds in operating expenses; raw material headwinds impacting profit in period 10 A AXALTA

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