Q3 2019 Financial Results

Q3 Transportation Coatings Results ($ in millions) Light Vehicle Commercial Vehicle Net Sales Adjusted EBIT % margin $390 Financial Performance PROPRIETARY (1.5)% 2019 296 88 383 37 9.7% Q3 1.5% Q3 2018 Volume Price 2018 304 86 390 26 Net Sales Variance 6.6% (1.7)% % Change Incl. F/X Excl. F/X (2.6)% 1.7 % (1.7)% 45.3 % 0.0% (0.8)% 2.9 % (1.7)% $383 FX Acq./Disp. Q3 2019 % 6 Commercial Vehicle volume growth partially offset lower Light Vehicle volume ■ I Commentary ■ A AXALTAⓇ Light Vehicle volume pressure driven by lower global production rates; continued strong Commercial Vehicle from most regions Continued positive Light Vehicle price recapture, partly offset by product mix pressure in Commercial Vehicle largely in EMEA ▪ Unfavorable currency impact driven by the Euro, Renminbi, Brazilian Real, and Argentine Peso Adjusted EBIT margin expansion continues Improvement of 310 b.p. driven by improved pricing and productivity, partly offset by lower volumes AXALTA COATING SYSTEMS

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