Q4 & FY 2022 Financial Results – Axalta

Earnings near top of guidance range driven by pricing momentum and volume growth with
notable margin recovery from Mobility Coatings.

12% price-mix growth YoY; 3% sequential price-mix growth reflects continued focus on margin
recovery across every end-market.

Adjusted EBIT margins improved 130 basis points YoY as pricing more than covered
elevated, but stabilizing, raws and logistics environment.

Price-Cost
Recovery