Q3 2019 Financial Results

Full Year 2019 Guidance ($ millions, except per share data) Jul. Guide Net Sales Net Sales, ex FX¹ Adjusted EBIT Adjusted EPS D&A ● Adjusted EBITDA Interest Expense 1. ● ~(2%) $950-975 -$165 Tax Rate, As Adjusted 20-22% Diluted Shares (millions)~236 Capex Free Cash Flow PROPRIETARY ~(4%) ~(1%) $675-725 $675-725 $1.70-1.90 $1.70-1.90 -$365 -$360 -0% -$160 $430-470 Includes partial year impact of China JV sale in May 2019E $940-960 -$165 20-22% -236 -$130 $430-470 8 ■ ■ ■ Comments A AXALTAⓇ Net sales guidance reflects May disposition of China JV with ~1% full year impact and minor Adjusted EBIT impact; net sales also reflects lower global auto production rates and customer strike impacts in NA FX headwind of ~3% versus ~2% seen in July Adjusted EBIT and Adjusted EPS guidance exclude $115 million of pre-tax (~$90 million after-tax) incremental step-up D&A associated with the 2013 acquisition of DuPont Performance Coatings by Axalta Accelerated depreciation of ~$22 million in 2019 from Belgium plant closure No incremental share repurchases assumed in full year 2019 diluted share guidance Revised capex forecast due to timing of projects AXALTA COATING SYSTEMS

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