Q3 2019 Financial Results

Q3 2019 Highlights ■ ■ ■ Q3 2019 financial results Net sales of $1.1 billion, down 3.4% YoY (increase of 0.4% ex-FX and M&A impacts) Positive 3.8% price-product mix overall, including ongoing progress in Light Vehicle Income from operations of $123 million versus $48 million in Q3 2018; Adjusted EBIT of $191 million increased 17.0% versus $163 million in Q3 2018 ■ ■ ■ ■ Diluted EPS of $0.28 versus a loss of $0.05 in Q3 2018; Adjusted EPS of $0.52 increased 30.0% from Q3 2018 End-market observations Refinish: Strong price-product mix globally; low single digit net sales growth ex-FX Industrial: Strong price-product mix globally; ongoing volume pressures from slower global industrial production trends and impact of China JV interest sale Light Vehicle: Strong price-product mix contribution of 2.8% globally; volume pullback reflecting production trends globally Commercial Vehicle: Continued volume growth; moderate product mix headwind Balance sheet and cash flow highlights ■ ■ I ■ A AXALTAⓇ Operating cash flow of $221 million in Q3 2019 versus $125 million in Q3 2018 Free cash flow of $198 million in Q3 2019 versus $96 million in Q3 2018 Net debt to LTM Adjusted EBITDA of 3.2x versus 3.5x at Q2 2019 PROPRIETARY 3 AXALTA COATING SYSTEMS

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