Q4 & FY 2021 Financial Results

Q4 Consolidated Results ($ in million), except per share data Performance Coatings Mobility Coatings Net Sales Financial Performance Income from operations Adjusted EBIT % margin Diluted EPS Adjusted EPS $1,075 Q4 2020 (0.5)% Volume 2021 804 333 1,137 95 121 10.6 % $ 0.23 $ 0.30 $ Q4 3.6% Price 2020 0.30 0.58 Net Sales Variance 704 371 1,075 163 205 19.1% (1.2)% FX % Change Incl. FX 14.2 % (10.1)% 5.8 % (42.0)% (41.1)% (23.3)% (48.3)% 3.9% Excl. FX 15.6 % (9.3)% 7.0% 5.8% $1,137 Acq. Q4 2021 Net sales growth from M&A contribution and price realization as strong volume growth in Performance Coatings was offset by Mobility Coatings I I Commentary I Volume growth across all end-markets except Light Vehicle which remains impacted by chip shortages Positive pricing contribution led by Performance Coatings; Mobility Coatings gaining traction through year-end with more progress expected for 2022 M&A contribution from two acquisitions FX headwind driven by the Euro and Lira, offset partly by the Renminbi Adjusted EBIT reduction for Q4 YoY including challenging profit comparison to Q4 2020 Headwinds from raw material, logistics, labor and energy inflation, absence of 2020 temporary savings, and lower Mobility volumes Positive offsets from pricing actions and volume growth in Performance Coatings 7 A AXALTA

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