Q3 2020 Financial Results

Introduction and Q3 Financial Highlights Third Quarter 2020 Highlights ▪ Record adjusted operating earnings with broad demand recovery Sequential recovery from all end-markets; Q3 2020 net sales 57.3% higher than Q2 2020 Income from operations of $142 million versus $123 million in Q3 2019 Record reported Adjusted EBIT of $210 million increased 10% YoY Adj. Diluted EPS of $0.59 versus $0.52 in Q3 2019 I ■ I I Business Conditions and Cost Structure Sales recovery aided by ongoing vehicle traffic improvement, industrial production recovery, strength in North American home building and remodeling, and global auto production recovery I Cash from operations of $233 million; over $1.7 billion in total liquidity available at September 30, 2020 A AXALTA Achieved $50 million in Q3 cost savings from COVID mitigation actions; expect to deliver over $130 million in total temporary cost savings and ~$140 million in incremental cash in 2020 Structural cost savings, including Axalta Way incremental savings, are on track to meet 2020 goals Implementation of new $50 million two-year restructuring announced in July 2020 PROPRIETARY 3 AXALTA COATING SYSTEMS

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