Q3 2020 Financial Results

Transportation Demand Environment Light Vehicle LV net sales recovery continued during Q3 with production in North America and China most robust ■ ■ ■ ■ North America net sales increased in Q3 as production recovery exceeded expectations, including curtailed August maintenance shut downs ■ Global LV production declined 3.5% YoY in Q3; forecasts call for continued recovery with 2.7% and 17.9% declines for Q4 and 2020, respectively. The 2020 forecast was revised from a decline of 21.9% expected in July Commercial Vehicle Recovery continues steadily across truck plants Q3 global truck production improved 0.8% YoY including China rebound and is expected to decline 11.3% and 13.7% for Q4 and 2020, respectively; Class 8 expected to be down 8.1%, Class 4-7 down 21.9% for the year China retail sales have increased year-over-year for the last three months including an 8.0% increase in September Non-truck CV markets include solid demand recovery in North America with recreational vehicles, sports equipment, and truck body builders, offset partly by slower bus production globally PROPRIETARY 8 A AXALTA AXALTA COATING SYSTEMS

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