Trian Partners Activist Presentation Deck

Bunch Delivered Strong TSR Under His Tenure Total Shareholder Returns During Chuck Bunch's Tenure as CEO(¹) 567% BARTH WALA SHERWIN WILLIAMS. PPG outperformed the peer median by 4,700 basis points and the S&P 500 by 13,700 basis points during Chuck Bunch's tenure as CEO 234% PPG Source: Bloomberg. Note: Axalta excluded because it did not go public until 2014. (1) TSR measured from March 1, 2005-September 1, 2015 223% Rpm 150% AkzoNobel Median: 187% 97% S&P 500 14% MASCO - 20 -

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