Q3 Performance Coatings Report

Q3 Consolidated Results ($ in millions, except per share data) Performance Coatings Mobility Coatings Net Sales Income (loss) from ops Adjusted EBIT % margin Diluted EPS Adjusted EPS $1,027 Financial Performance Q3 2020 (1.6)% 2021 779 309 1,089 125 146 13.4% Q3 0.30 0.39 683 344 1,027 142 210 20.4 % 0.35 0.59 Net Sales Variance 4.5% 2020 Volume Price/Mix 1.3% FX % Change Incl. F/X 14.1% (10.1)% 6.0 % (12.0)% (30.6)% (14.3)% (33.9)% 1.8% Acq. Excl. F/X 12.9 % (11.6)% 4.7% 6.0% $1,089 Q3 2021 Commentary Net sales increased from price-mix tailwinds and M&A contribution; strong volume outside of Light Vehicle I ■ - ■ ■ Q3 net sales YOY growth across all end-markets except Light Vehicle Three of four end-markets show volume growth; Light Vehicle impacted by supply chain shortages Pricing actions benefited all end-markets Initial M&A contribution from recently closed acquisitions FX tailwind driven by the Renminbi, Euro, and Pound YOY Adjusted EBIT reduction for the third quarter ▪ Headwinds from lower Mobility volumes, raw material inflation, absence of temporary savings, and higher logistics costs, offset partly by pricing actions 6 A AXALTA

View entire presentation