Q2 2019 Financial Results

Q2 2019 Highlights ■ ■ ■ Q2 2019 financial results Net sales of $1.2 billion down 4.5% YoY (decrease of 0.1% ex-FX and China JV sale) Positive price-product mix in both segments, including notable acceleration in Light Vehicle Income from operations of $158 million increased 7.8% YoY; Adjusted EBIT of $197 million increased 8.6% versus $182 million in Q2 2018 ■ ■ ■ I Diluted EPS of $0.42 increased 35.5% from Q2 2018; Adjusted EPS of $0.52 increased 13.0% from Q2 2018 End-market observations Refinish: Strong price-product mix globally; mid-single digit net sales growth ex-FX Industrial: Strong price-product mix globally; moderate volume pressures from slower global industrial production trends as well as impact of a consolidated China powder coatings JV sale ■ ■ ■ I Commercial Vehicle: Continued volume growth in all core regions Cash flow highlights Operating cash flow of $127 million in Q2 2019 versus $142 million in Q2 2018 Free cash flow of $104 million in Q2 2019 versus $107 million in Q2 2018 ■ ■ ■ Light Vehicle: Strong price-product mix contribution of 3.6%; volume pullback reflecting production trends globally $40 million deployed for share repurchases at $24.90 weighted average price ($105 million deployed year-to-date) $400 million revolver (currently undrawn) extended by three years at improved terms A AXALTAⓇ PROPRIETARY 3 AXALTA COATING SYSTEMS

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