Q3 2019 Financial Results

Q3 Consolidated Results ($ in millions, except per share data) Performance Transportation Net Sales Income from ops Adjusted EBIT Diluted EPS Adjusted EPS $1,146 Financial Performance PROPRIETARY (3.4)% 2019 724 383 1,107 123 191 0.28 0.52 3.8% Q3 2018 Volume Price Q3 2018 756 390 1,146 48 163 (0.05) 0.40 Net Sales Variance (2.0)% % Change Incl. F/X (4.3)% (1.7)% (3.4)% 17.0% 660.0 % 30.0 % (1.8)% Excl. F/X (2.0)% - % (1.4)% (3.4)% $1,107 FX Acq./Disp. Q3 2019 4 Commentary Net sales flat excluding FX and China JV sale - continued strong price-mix ■ ■ A AXALTAⓇ ■ Commercial Vehicle solid volume growth from most regions, offset by lower Light Vehicle volumes from lower global production rates; mid-single digit volume decline in Performance Coatings from both end-markets Price momentum remained strong across Performance Coatings in mid- single digits; continued price recapture in Light Vehicle while Commercial Vehicle included negative mix elements Unfavorable currency impact driven by the Euro, Renminbi, Pound, and Argentine Peso Net sales negatively impacted by China powder JV disposition AXALTA COATING SYSTEMS

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