Q2 2019 Financial Results

Q2 Performance Coatings Results ($ in millions) Refinish Industrial Net Sales Adjusted EBIT % margin $786 Financial Performance PROPRIETARY (3.5)% 2019 447 309 757 128 16.9% Q2 4.7% Q2 2018 Volume Price 2018 448 338 786 109 Net Sales Variance 13.9% (3.5)% % Change Incl. F/X Excl. F/X (0.2)% (8.4)% (3.7)% 17.2 % (1.4)% 3.6 % (5.3)% (0.2)% (3.7)% $757 FX Acq./Disp. Q2 2019 5 Commentary Solid net sales growth ex-FX and JV sale driven by strong price contribution ■ A AXALTAⓇ ■ Refinish volume down modestly pressured by North America and emerging markets; Industrial volume decline driven by global industrial production trends Continued strong price-product mix tailwinds across both end-markets and all regions Net M&A impact includes China powder coatings JV sale in Industrial Unfavorable currency impact driven by the Euro, Renminbi and Real Adjusted EBIT margin up 300 bps Improvement driven by positive price- product mix and lower fixed costs AXALTA COATING SYSTEMS

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