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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