Q3 2019 Financial Results

Debt and Liquidity Summary ($ in millions) Cash and Cash Equivalents Debt: Revolver ($400 million capacity) First Lien Term Loan (USD) Total Senior Secured Debt Senior Unsecured Notes (USD) Senior Unsecured Notes (EUR) (¹) Senior Unsecured Notes (EUR) (1) Finance Leases (4) Other Borrowings Total Debt Total Net Debt Capitalization (2) PROPRIETARY Interest @9/30/2019 Maturity Variable Variable Fixed Fixed Fixed $ LA LTM Adjusted EBITDA (3) Total Net Leverage (1) Assumes exchange rate of $1.092 USD/Euro (2) Total Net Debt = Total Debt minus Cash and Cash Equivalents (3) Total Net Leverage = Total Net Debt / LTM Adjusted EBITDA (4) Includes impacts of new leasing standard resulting in net increase of $10 million upon adoption as of 1/1/19 767 2,371 2,371 492 361 484 65 42 3,815 3,048 941 3.2x 2024 2024 2024 2024 2025 7 ■ Comments Net leverage of 3.2x sequentially lower from: Higher cash position Higher LTM Adjusted EBITDA Long term debt interest rates are effectively 73% fixed ■ ■ ■ ■ A AXALTA $850 million of term loan debt protected from rising interest rates with 3 month USD LIBOR capped at 1.50% $475 million of term loan debt is swapped to Euro and a fixed rate of 1.44% AXALTA COATING SYSTEMS

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