Q3 Performance Coatings Report

Business Conditions and Cost Actions Q3 Business Conditions Summary Continued global recovery in Refinish demand drivers, including traffic and body shop activity following pandemic-driven mobility slowdown; net sales volumes remain mid- single digits below 2019 levels ■ ■ ■ Continued Inflation Response and Cost Structure Actions Raw material inflation intensified in Q3; now expect mid-teens variable cost inflation for the full year ■ Strong continued growth in Industrial, despite headwinds from raw material supply constraints during Q3; overall demand strong across all Industrial end businesses Mobility Coatings seeing strong underlying market demand, but volume has been negatively impacted from ongoing semiconductor shortages ($70 million impact during Q3) ■ Offsets via ongoing and incremental pricing actions taken year-to-date and expected during Q4 Performance Coatings largely offset inflation with price-mix in Q3 YTD; Mobility Coatings price-cost gap opened in Q3 - actions underway to address the gap Focus on implementing structural cost control; anticipate at least $50 million in full- year cost savings from existing restructuring and Axalta Way productivity savings 4 A AXALTA

View entire presentation