Q4 & FY 2018 Financial Results

Q4 & Full Year 2018 Highlights (cont'd) ■ ■ Quarterly end-market observations Refinish: Strong price-mix outcome Industrial: Ongoing organic growth, strong price-mix Light Vehicle: Growth in North America; price-mix turned positive; pressure from slowing economy in China and Europe evident Commercial Vehicle: Strong Americas truck; lower demand in EMEA and Asia Pacific ■ ■ ■ ■ Balance Sheet & cash flows Operating cash flow of $496 million in 2018 versus $540 million in 2017 Free cash flow of $362 million in 2018 versus $415 million in 2017 ■ ■ ■ ■ Capital deployment $254 million worth of share repurchases in 2018 (average price of $27.95); $106 million repurchased in Q4 $110 million used for M&A in 2018 ■ ■ Net leverage ratio down to 3.4x in Q4 2018 from 3.5x in Q3 2018 Monetized existing cross-currency swap; executed new cross-currency swap at favorable pricing on $475 million of principal A AXALTAⓇ PROPRIETARY 4 AXALTA COATING SYSTEMS

View entire presentation