Trian Partners Activist Presentation Deck slide image

Trian Partners Activist Presentation Deck

PPG Appears to Be Well Positioned to Compete in North American Architectural Paints PPG is the only major North American player with coverage across the 3 major channels ▪ Half of PPG's sales are through its paint store network, which is the fastest growing channel in the US While the independent channel is in structural decline, it only represents ~15% of PPG's sales Brands Market Share Distribution Mix COVER EARTH SHERWIN WILLIAMS. COVER EARTH UN SHERWIN WILLIAMS. valspar MINWAX KRYLON ~50% Store: 75% Independent: 0% Big Box: 25% Source: Company investor presentations, Wall Street research, SEC filings, Trian estimates. PPG PPG Dulux Paints PAINTS Glidden OLYMPIC ~15-20% Store: 50% Independent: 15% Big Box: 35% MASCO BEHR ~15% Store: 0% Independent: 0% Big Box: 100% Benjamin Moore Paints Benjamin Moore Paints ~5% Store: 0% Independent: 100% Big Box: 0% - 25 -
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