Q4 & FY 2018 Financial Results

Q4 Transportation Coatings Results ($ in million) Light Vehicle Commercial Vehicle Net Sales Adjusted EBITDA % margin $433 Financial Performance PROPRIETARY (4.5)% 2018 312 89 401 63 15.7% Q4 0.8% Q4 2017 Volume Price 2017 339 94 433 80 Net Sales Variance 18.5% (3.7)% FX % Change Incl. FX (7.9)% (5.5)% (7.4)% (21.6)% 0.0% Excl. FX (3.9)% (3.3)% (3.7)% (7.4)% $401 Acq. Q4 2018 7 Commentary Net sales down moderately ex-FX with volume declines offsetting average price and mix benefits ■ ■ A AXALTAⓇ ■ Volume declines outside of North America in Light Vehicle; strong growth in North America in Commercial Vehicle Currency headwind across all regions driven by Euro and emerging markets currencies Beginning to see the benefit of pricing actions Lower Adjusted EBITDA margin Margin impact primarily from cost inflation and lower volumes; cost recapture efforts beginning to favorably offset AXALTA COATING SYSTEMS

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