Q4 & FY 2021 Financial Results

Q4 Performance Coatings Results ($ in million) Refinish Industrial Net Sales Adjusted EBIT % margin $704 Q4 2020 5.0% Financial Performance Volume 2021 471 333 804 100 12.4% Q4 4.6% Price 2020 Net Sales Variance 418 286 704 130 18.4% (1.4)% FX % Change Incl. FX 12.8 % 16.3 % 14.2 % (23.0)% 6.0% Excl. FX 14.7% 17.0 % 15.6 % 14.2% $804 Acq. Q4 2021 Commentary Net sales growth driven by M&A contribution, volume recovery, and pricing realization I Increased volumes from both Refinish and Industrial despite supply chain constraints; exited December with substantial unfilled orders across both end-markets Positive contribution from price-mix across both end-markets as pricing actions continue; mix -2% headwind M&A contribution included first full quarter of U-POL acquisition FX headwind driven by the Euro and Lira, offset partly by the Renminbi Adjusted EBIT reduction YoY from cost pressures Substantial raw material and logistics cost inflation as well as the absence of 2020 temporary savings, offset partly by pricing actions and volume recovery 8 A AXALTA

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