Q2 2021 Financial Results

Financial Guidance Update Full Year 2021 Guidance: ■ I Adjusted EBIT: $685-725 million Q3-20% of full year Q4 -30% of full year Adjusted Diluted EPS: $1.85-2.00 ▪ Interest Expense: ~$135 million Tax Rate: ~21-22% ■ ■ Net Sales: ~+20-22%, including ~3% FX and ~1% M&A benefit Diluted Shares: ~234 million ▪ Free Cash Flow: $445-485 million; including $165 million capex H ■ D&A: $318 million; including $106 million step-up D&A Key Assumptions ■ ■ ■ ■ ■ Raw material inflation expected at mid-teens growth YOY versus prior high single digit growth expectation; Q3 inflation at ~23% growth YoY Semiconductors: ~7 million assumed market level production shortfall in guidance construct; ~3 million in 2H driving ~$60 million estimated net sales impact to Mobility versus prior assumption of minimal 2H impact Gradual recovery in Refinish volumes from COVID impacts continues No additional share repurchases assumed FCF still assumes no impact from operational matter U-Pol acquisition, expected to close in 2H, not included in guidance 13 A AXALTA

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