Q4 & FY 2018 Financial Results

Q4 Performance Coatings Results ($ in million) Refinish Industrial Net Sales Adjusted EBITDA % margin $732 Financial Performance PROPRIETARY (0.7)% 2018 454 304 758 172 22.7% Q4 6.5% Q4 2017 Volume Price 2017 440 292 732 165 Net Sales Variance 22.6% (3.0)% % Change Incl. FX 3.1% 3.9% 3.4% 4.1% 0.6% Excl. FX 6.3% 6.6% 3.4% 6.4% ■ $758 FX Acq. Q4 2018 CO 6 Commentary Net sales growth ex-FX driven by strong price-mix improvement I I ■ A AXALTAⓇ ■ Continued price contribution across both end-markets and benefiting all regions Modest benefit from recent Refinish acquisitions Refinish volume slightly down, partially offset by growth in Industrial in nearly all markets Currency headwind driven by Euro and multiple emerging markets currencies Adjusted EBITDA margin up modestly Margin improvement driven by positive price and mix benefits offsetting input cost inflation AXALTA COATING SYSTEMS

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