Q2 2021 Financial Results

Business Conditions and Cost Actions Q2 Business Conditions Summary Continued recovery in Refinish with net sales 3.5% higher than Q2 2019 levels, though volume remains below 2019 levels by mid-single digits with global recovery from pandemic mobility curtailments ongoing ■ ■ ■ ■ Continued Inflation Response and Cost Structure Actions Raw material inflation intensified in Q2, expected to persist into 2H; now expect mid- teens variable cost inflation at COGS level year-over-year ■ Fourth consecutive quarter of sequential growth in Industrial, despite being hampered by raw material supply constraints during Q2; overall demand strong across Industrial end businesses ■ Mobility seeing strong underlying market demand, but ongoing customer production impact from semiconductor chip shortages; Axalta Q2 volume growth surpassed global industry build rates Offsets via ongoing and incremental pricing actions continue after initial actions taken in 1H; positive mix benefits also contributing Performance Coatings largely offset inflation with price-mix in Q2; Mobility price- cost gap opened in Q2, and we have actions in place to address the gap Focus on implementing structural cost control; $22.5 million restructuring charge taken in Q2 with ~$15 million expected annual savings once implemented 4 A AXALTA

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