Axalta Q2 Report 2023

Pricing momentum continued in all end-markets resulting in an overall
price-mix increase of 7% (17% two-year stack)

Net sales growth year over year driven by strong price-mix and Mobility Coatings volume improvement
▪ 7% price-mix growth (17% two-year stack) reflecting 10 consecutive quarters of positive YoY price-mix
▪ 4% volume decline inclusive of an estimated 2%-3% Net Sales impact from temporary operational disruptions following our North America ERP implementation, which began to normalize in June

Continued positive market dynamics and customer conversions led
to double-digit volume growth in Mobility Coatings.

Refinish Business Review: 10% price-mix growth YoY more than offset elevated labor, materials and freight costs.

Industrial Business Review: 7% price-mix growth YoY; positive YoY price-cost for third consecutive quarter.

Mobility Coatings Business Review: Eighth consecutive quarter of positive YoY price-mix. Price-mix growth of 2% YoY. Volume growth of 15% YoY led by robust
growth in Asia Pacific .