Q3 Performance Coatings Report

Mobility Coatings Demand Environment Light Vehicle The LV market recovery continues to be hindered by the semiconductor chip shortage with an estimated impact of ~11 million deferred builds in 2021 " ■ ■ ■ Global LV production decreased 19.7% YOY in Q3; Axalta expects a 27.4% decline for Q4 and a 2.1% decrease for 2021 (revised down from an original expectation of 13.4% growth in February) ■ Axalta net sales slightly outpaced the market in Q3 driven by specific customer and model exposures in regions served Commercial Vehicle . The global truck market continues to recover with strong order intake in North America and EMEA relative to historic averages Based on semiconductor sector forecasts and customer input, current semiconductor shortage expected to remain challenged through 2022 Global CV production, excluding China, increased 8.0% YOY in Q3; forecasts call for continued recovery with 0.9% and 21.1% increases for Q4 and FY 2021, respectively Supply chain shortages have been more limited within CV versus LV 10 A AXALTA

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