Q4 & FY 2018 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) Capital Leases Other Borrowings Total Debt Total Net Debt Capitalization (2) Full Year Adjusted EBITDA (3) PROPRIETARY Interest @ 12/31/2018 Maturity $ Variable Variable Fixed Fixed Fixed Total Net Leverage (1) Assumes exchange rate of $1.138 USD/Euro (2) Total Net Debt = Total Debt minus Cash and Cash Equivalents (3) Total Net Leverage = Total Net Debt / Full Year Adjusted EBITDA 694 2,386 2,386 491 378 507 58 45 3,864 3,170 937 3.4 x 2021 2024 2024 2024 2025 9 ■ 1 ■ Net leverage slightly lower vs. Q3 2018 due to: ■ ■ ■ Completed recouponing of hedge transaction in Q4 ■ Comments ■ A AXALTA ■ Higher Cash Position Modestly lower Euro Partially offset by lower LTM Adjusted EBITDA Realized $23 million in proceeds from our swap position monetization Long term debt interest rates are 72% effectively fixed Reduced our effective fixed rate from -1.95% to 1.44% on $475 million of principal of term loan $850 million of term loan debt protected from rising interest rates with 3 month USD LIBOR capped at 1.5% $475 million of term loan debt is swapped to Euro/Fixed rate of ~1.44% AXALTA COATING SYSTEMS

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