Q2 2021 Financial Results

Q2 Performance Coatings Results ($ in millions) Refinish Industrial Net Sales Adjusted EBIT % margin $482 Q2 2020 45.5% Financial Performance Volume 2021 Q2 463 343 806 140 17.3% 14.0% 2020 Net Sales Variance Price/Mix 262 220 482 2 0.3% 5.5% FX % Change Incl. F/X 76.8 % 55.6 % 67.1 % N/M 2.1% Acq. Excl. F/X 70.4 % 51.1 % 61.6% 67.1% $806 Q2 2021 Commentary Net sales growth driven by Refinish recovery, continued Industrial demand strength, and solid segment price movement ▪ Price-mix tailwinds driven largely by pricing actions across both end-markets as well as favorable product mix in Refinish as volumes rebound Initial M&A contribution from Anhui Shengran FX tailwinds driven by the Euro and Chinese Renminbi ■ Continued recovery in Refinish as miles driven improves globally; Industrial delivered strong sales volumes across all businesses, although modestly hindered by supply constraints Improved Adjusted EBIT despite raw material headwinds ■ Continued volume recovery and price-mix benefit drove impressive Adjusted EBIT improvement, partly offset by raw material headwinds 8 A AXALTA

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