Investor Comex Deep Dive June 18th 2015 These matters within the meaning of difficulties in integrating acquired considered to be a complete PPG Comex Section 27A of the Securities Act of businesses and achieving expected statement of all potential risks and 1933, as amended, and Section 21E synergies there from, economic and uncertainties. Unlisted factors may Important Notice of the Securities Exchange Act of political conditions in international present significant additional 1934, as amended, involve risks and markets, the ability to penetrate obstacles to the realization of Forward-Looking Statements uncertainties that may affect PPG’s existing, developing and emerging forward-looking statements. operations, as discussed in PPG’s foreign and domestic markets, Consequences of material differences Statements contained herein relating to filings with the Securities and foreign exchange rates and in results compared with those matters that are not historical facts are Exchange Commission pursuant to fluctuations in such rates, anticipated in the forward-looking forward-looking statements reflecting PPG’s Sections 13(a), 13(c) or 15(d) of the fluctuations in tax rates, the impact statements could include, among Exchange Act, and the rules and of future legislation, the impact of other things, lower sales or earnings, current view with respect to future events regulations promulgated there under. environmental regulations, business disruption, operational and financial performance. Accordingly, many factors could cause unexpected business disruptions, and problems, financial loss, legal liability actual results to differ materially from the unpredictability of existing and to third parties and similar risks, any the forward-looking statements possible future litigation, including of which could have a material contained herein. Such factors litigation that could result if the adverse effect on PPG’s consolidated include global economic conditions, asbestos settlement discussed in financial condition, results of increasing price and product PPG’s filings with the Securities and operations or liquidity. Forward- competition by foreign and domestic Exchange Commission does not looking statements speak only as of competitors, fluctuations in cost and become effective. However, it is not the date of their initial issuance, and availability of raw materials, the possible to predict or identify all such PPG undertakes no obligation to ability to maintain favorable supplier factors. Consequently, while the list update any forward-looking relationships and arrangements, the of factors presented here and in statement, except as otherwise realization of anticipated cost savings PPG’s 2014 Form 10-K are considered required by applicable law. from restructuring initiatives, representative, no such list should be All figures in U.S. dollars unless otherwise noted 02 Today’s Timeline PPG Speakers
6:00 – 6:30 Continental Breakfast Welcome / Presentation Overview 6:30 – 6:40 V. Morales
Global Architectural Coatings 6:40 – 7:15 Michael McGarry
Overview of Mexico 7:15 – 8:00 Marcos Achar Levy
Mexican Architectural Coatings Industry Michael Marcos Alfonso Iván 8:00 – 8:30 Marcos Achar Levy McGarry Achar Levy Félix Ahedo 8:30 – 8:40 Break President Vice President, Commercial Marketing Overview of PPG Comex PPG 8:40 – 10:40 Alfonso Felix / Iván Ahedo & Chief Vice President, Director, Operating Architectural PPG Comex PPG Comex 10:40 – 10:50 Break: Lunch will be available Officer Coatings Latin America 10:50 – 11:15 Central America / Closing Remarks & CEO Marcos Achar Levy / Michael McGarry PPG-Comex 11:15 Store Visits 2:30 Transportation to Hotel/ Airport 03 PPG
Deep Dive Program Meeting Objective Provide a deeper understanding of the various PPG businesses and coatings industry sub-segments in which we operate
Typical Program End-use segment / industry details • Customers • Products / complexities • Competitive landscape • Geographic differences PPG’s participation in the segments PPG’s growth opportunities Site visit to visually see PPG products “at work” for our customers
04 PPG
Deep Dive A PPG investor day is NOT An update on the quarter or current business trends A discussion on other PPG businesses A strategic update
Education is the focus; strong Q&A / participation desired
05 PPG “Deep Dive” Program
Year Topic(s) Location Details
2006 Transitions Transitions HQ, Tampa, FL Overview of PPG’s Transitions Optical joint venture
2007 PPG Aerospace PPG aerospace facility Huntsville, AL Discussed PPG’s participation in the Aerospace coatings, sealants and transparency industry
SigmaKalon Reviewed details (markets, customers, regional coverage, etc.) of PPG’s largest acquisition 2008 Offsite Acquisition Overview which closed in January, 2008
PPG Asia and Provided details of PPG’s Asian operations and rapid growth history/prospects. Overview of 2010 BMW facility Greenville, SC PPG Auto OEM Coatings PPG’s automotive OEM coatings business and auto OEM end-market dynamics.
Detailed review of global coatings auto collision repair industry, including distribution processes 2011 PPG Automotive Refinish Penske Racing facility Charlotte, NC and key customer requirements. Review of PPG’s new technologies addressing market needs.
Overview of the broad, consolidating general industrial coatings industry with various product 2012 PPG Industrial Coatings Harley Davidson facility York, PA segmentation around end-use, application methodology and substrate.
Discuss packaging coatings industry, current market place dynamics and product trends 2013 PPG Packaging Coatings Ball Container facility Williamsburg, VA and growth opportunities.
PPG company-owned stores, Lowes & Discuss global architectural coatings regional demand and trends, and update of 2014 PPG Architectural Coatings The Home Depot locations Dallas, Texas PPG’s North America architectural coatings acquisition.
Overview of Mexico, including the characteristics of the coatings end use segments, 2015 PPG Comex Cabo San Lucas, Mexico and an overview into the Comex Mexico business and visits to 3 Comex stores. 06 PPG-Comex Presentation Outline
01 Global Architectural Coatings
02 Overview of Mexico
03 Mexican Architectural Coatings
04 Overview of PPG Comex
05 Overview of Central America
07 01 Global Architectural Coatings
08 01 Global Global Arquitectural Coatings PPG / Consorcio Comex, S.A. de C.V. Acquisition Announcement (June 30, 2014) • $2.3 billion purchase price Comex • Financed by existing PPG cash and short-term investments Transaction • Earnings per share accretion of $0.65 - $0.75 • Anticipated synergies of 3% -to- 4% of acquired sales to be achieved in first 24 months
2014 Comex financials (Pro-forma) • Sales of approx. $1 billion • High teens EBITDA percentage (ROS)
Acquisition consistent with PPG’s long-term growth strategy
09 01 Global Global Arquitectural Coatings PPG - World’s Largest Coatings Supplier Total Global Coatings Sales (~$120B)
2013 2014 Sales Sales Pro Forma
10 Source IPPIC/Orr & Boss, Coatings World and PPG estimates; 2014 Pro Forma: PPG with Comex, Valspar with Quest 01 Global Global Arquitectural Coatings PPG vs Industry Coatings Geographic Mix Industry Geographic PPG Coatings Demand by Sales Geographic Sales Mix*
8% 10% 17% Comex has further 16% 44% diversified PPG’s geographic balance 44% 31%
30%
U.S. & Canada EMEA Asia/Pacific Latin America
11 *Pro Forma net sales of $16.2 B with full year of Comex Note: As reported, from continuing operations 01 Global Global Arquitectural Coatings PPG vs Industry Coatings End-Use Industries Industry End-Market PPG Coatings End-Use Demand by Sales Sales Mix* Special Purpose Coatings PPG’s end-use mix aligns with the industry following Comex acquisition
12 Source *Pro Forma to include an estimated full year of Comex sales Kusumgar, Nerlfi, & Growney; Company Annual Reports; PPG estimates 01 Global Global Arquitectural Coatings PPG a Leading Architectural Coatings Company Global Architectural Coatings: ~$50B Market
Thousands Small / Niche Regionals Top 4 Global ~40% ~40% 40% Leaders Architectural Coatings
~20% Next 14 Leading Regionals
13 Source KNG manufacturer value, adjusted for currency 01 Global Global Arquitectural Coatings PPG Architectural Coatings Enhancing Global Balance
Europe & Africa CAGR Asia Pacific US & Canada 21% US & Canada Latin America Acquisitions have provided above 2006 2015 market growth and geographic Europe & Africa Europe & Africa diversity Industry Asia Pacific CAGR Asia Pacific US & Canada 4% US & Canada Latin America Latin America
14 Source PPG Estimates, Orr & Boss 01 Global Global Arquitectural Coatings Architectural Landscape Regional Participants
100% Europe, Middle East, Africa Asia Pacific United States & Canada Central and $16-17B $17-18B $11-12B South America 90% Others, including Benjamin Moore $4-5B 80% Masco 70% Valspar 60%
50% Next Two Next Three Sherwin Williams BASF : Suvinil / 40% Caparol / Materis / Tikkurila Pintuco Next Three 30% Asian Paint / Kansai / Nippon Akzo Nobel 20%
10%
0% PPG participates in every region – still room to grow
15 Source PPG Estimates, KNG, IRL, Orr & Boss 01 Global Global Arquitectural Coatings PPG Architectural Coatings Building Global Network of Dedicated Stores
PPG Global Store Count
Over 5,700 2015 Over 1,700 Over 4,000 Paints dedicated company mono branded owned stores stores stores
2010
2005
US Canada Europe AP LA Comex
16 Source PPG 01 Global Global Arquitectural Coatings Mexico Coatings Landscape October 2014
Protective & Refinish / Position based Architectural Industrial Auto OEM Packaging Marine Collision on Sales ~$1.3B ~$0.5B ~$0.4B ~$0.1B ~$0.3B ~$0.2B
Comex #1
PPG #2
Sherwin-Williams #3
Axalta #4
BASF #5
Akzo Nobel #6
Valspar #7
Others Berel Sayer Lack Adhler
#1 Segment #2 Segment #3 Segment No Meaningful Position Position Position Presence
17 Source IRL, Orr & Boss & PPG 01 Global Global Arquitectural Coatings PPG Operations Prior to Comex Acquisition
San Juan del Rio business End-Use Markets and manufacturing location • Automotive OEM • Industrial OEM • Packaging Strong relationship Primary Products with multinational • E-coat • Pretreatment customer base • Powder coatings • Primers • Top coats Export Serve South America as well
18 01 Global Global Arquitectural Coatings PPG Mexico’s Leading OEM Coatings Supplier U.S. Based Non-U.S. Commercial OEM’s OEM’s Based OEM’s
PPG well aligned to participate in rapidly growing vehicle OEM segment
9 new OEM plants announced or under construction 19 01 Global Global Arquitectural Coatings PPG Now Mexico’s Largest Industrial Coatings Supplier Representation across Partners with many a wide range of industries manufacturers in Mexico
20 01 Global Global Arquitectural Coatings Mexico Coatings Landscape June 2015
Protective & Refinish/ Position based Architectural Industrial Auto OEM Packaging Marine Collision on Sales ~$1.3B ~$0.5B ~$0.4B ~$0.1B ~$0.3B ~$0.2B
PPG/Comex #1
Sherwin- Williams #2
Axalta #3
BASF #4
AkzoNobel #5
Valspar #6
Others Berel Sayer Lack
#1 Segment #2 Segment #3 Segment No Meaningful Position Position Position Presence
21 Source IRL, Orr & Boss & PPG 01 Global Global Arquitectural Coatings The Mexican Coatings Industry $2.7B Sales Value
By Competitor By End Use Segment
Comex acquisition provides PPG with access to largest end-use segment
22 Source IRL, Orr & Boss, Forbes & PPG 02 Overview of Mexico
23 02 Overview of Mexico
What is Mexico? Video 1: Overview of Mexico
24 02 Overview of Mexico 14th 27 largest years old economy median in the world population $1.2 57 trillion USD population x Km2 gross domestic population product density 120 11th million largest total population population Geographic in the world logistic hub
25 Source WowMexico 02 Overview of Mexico Mexico: A True Emerging Region 14th Biggest economy in the world Most important emerging market in Latin America GDP average >3% in the last 3 years 10 year GDP CAGR of 5%
45 Free Trade Agreements +25 more than the United States Major player in many foreign markets Largest trading partner with the USA Some 6 million USA jobs depend on trade with Mexico
Mexico #1 Free trade manufacturing exporter to the US Biggest importer and exporter in Latin America 80% of Mexico’s exports are manufactured goods
26 Source WowMexico 02 Overview of Mexico Mexico One of the Worlds Largest Economies
Biggest Economies Worldwide Real GDP Growth Gross Domestic Product
USA 6% China 5% Japan 4% Germany France 3% UK 2% Brazil 1% Russia 5.2% 3.9% 4.0% 2.1% 2.8% 3.1% 3.7% 0% 1.4% 3.5% Italy 2010 2011 2012 2013 2014 2015E 2016E 2017E 2018E India Canada Australia Spain Mexico 14th Goldman Sachs projects Mexico as South Korea
0 2000 4000 6000 8000 10000 12000 14000 16000 18000 the 5th largest economy by 2050 Thousand million dollars
27 Source HSBC, Accenture 02 Overview of Mexico Mexico Components of GDP GDP Composition Mexico $1.4 trillion USD
Services 60%
Industrial 36% Mexico’s industrial Agriculture 4% sector is driving GDP growth Manufacturing Construction Utilities Mining
% Industrial 50% 22% 22% 6%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
28 Source The World Bank, IMF 02 Overview of Mexico Mexico Components of GDP Components of Construction GDP $110 Billion USD
100% 2% Works and auxiliary works Buildings 43% 4% Hospitals and Clinics 90% 6% Education
80% Transportation 26% Housing and 70% 49% Commercial Buildings Commercial segments Oil & Gas 10% 60%
50% account for 90% Other Construction 10% 40% of the building GDP
30% Electricity & Telecom 6% 20% 39% Housing
Other Utilities 5% 10%
0%
29 Source The World Bank, IMF 02 Overview of Mexico Mexico Components of GDP GDP Construction by Region
Pacific 14.3% The North and North 20.5% Center Gulf Metro area currently 9.1% 15.6% account for 50% of construction GDP
Metropolitan Area 28.4%
South West 2.4% 9.7%
30 Source The World Bank, IMF 02 Overview of Mexico Mexico Already Home to the World’s Largest Companies
OXXO is a chain of zinc andlead and the world convenience stores from leader in silver production. Mexico, with over 11,000 Televisa is a Mexican locations. multimedia mass media Bimbo is a Mexican company and the largest multinational bakery product Spanish-speaking network in manufacturing company, It the world. operates the largest bakeries FEMSA is a Mexican in the USA, Mexico and Spain. multinational beverage and Cemex is a Mexican retail company. It operates the multinational building largest independent Coca-Cola materials company, It is the bottling group in the world. second largest building América Móvil is a Mexican materials company telecommunications company, worldwide. one of the largest Peñoles is the second largest corporations in the world. Mexican mining company, the first Mexican producer of gold,
31 02 Overview of Mexico Mexico High Technology Manufacturer
Manufactured Goods of Medium Aerospace Automotive Electric & Medical and High Technology % of GDP Electrical Devices Appliance
South Korea 30% Mexico has strong Mexico is the 8th Germany Largest producer of alignment with 28% vehicles in the world high technology Mexico Is now the 4th largest 17% Mexico is the 6th exporter of new industries largest supplier in vehicles in the world Mexico is the 6th China this industry largest exporter of 15% 89 out of a 100 of these goods in Most important Mexico has 270 the most important the world exporter in Latin France factories in the automotive parts America 13% aerospacial industry companies in the Mexico offers 15% world have a lower costs Major supplier in Cost 16% below productive presence comparing to the the medical devices the US in Mexico US in the electric industry in the US assembly market 32 Source The World Bank 02 Overview of Mexico Mexico Attracting International Investment (2014-now)
33 02 Overview of Mexico
Labor Inflation Much Lower Than Other Emerging Nations
Labor Cost Inflation Index
Competitive advantages remain
34 Source Trading Economics 02 Overview of Mexico Mexican Demographic Younger Demographic Drives Household Formation and Paint Demand Population by age 51% 49% ~120 MM Average Age = 27 Average Age = 36 people 100%
90% 65 and older 30.7 MM 80% 50 to 64 years households 80% of 70% population 40 to 49 years 60% under 50 Mexico USA years old 30-39 years 50% (US 66%) Age of Head of Household 48.5 49.5 40% 20-29 years Workers within a home 1.7 1.2 30% 14-19 years
Individuals per home 3.9 2.6 20% 4-13 years Population Growth (4 year CAGR) 1.0% 0.7% 10% 0-4 years GDP per capita ($MM) $10,307 $53,000 0% Mexico United States
35 Source BIMSA, USDA Foreign Agriculture Service 02 Overview of Mexico Mexico’s Largest Population Centers
#6 Tijuana 1.3MM people #5 Juarez Mexico City Metro 1.3MM people Population density 22.5MM people
#9 Monterrey concentrated in 1.0MM people Central Mexico #2 Ecatepec 1.6MM people Largest U.S. cities #1 Mexico City (MM people) 8.8MM people New York 8.5 People/km2 #8 Zapopan #4 Puebla Los Angeles 3.9 1.1MM people 1.4MM people Chicago 2.7 Houston 2.2 #3 Guadalajara Philadelphia 1.6 1.5MM people Phoenix 1.5 San Antonio 1.4 San Diego 1.4 #7 Leon Dallas 1.3 1.2MM people
36 Source INEGI 02 Overview of Mexico Mexico Macroeconomics Statistics
Lower Oil Prices are partially mitigated …and growing manufacturing output by weaker Peso… (manufacturing vs prior year)
WTI MXN: USD
146 16.0 8%
15.0 7% 126 Oil Prices 6% 14.0 106 5% 13.0 86 4% 12.0 3% 66 MXN / USD Rate 11.0 2% 46 10.0 1%
26 9.0 0% 2009 2010 2011 2012 2013 2014 2015e April 2014 January 2015
37 Source Forecast CAPEM 02 Overview of Mexico Mexico Macroeconomics Statistics
The drivers for economic growth remain strong (Mexican Stock Market) Household formation continues to strengthen
45 50,000 40 45,000 35
40,000 30
25 35,000 20 30,000 15 +6.8% 4 year CAGR 25,000 10
5 20,000 2010 2011 2012 2013 2014 2015 0 1940 1970 2000 2004 2006 2008 2010 2012 2030
Number of Households (mm) Source Forecast CAPEM 38 02 Overview of Mexico Mexican Housing Various Classes Over 70% is Addressable for Comex Architectural Coatings
100% A/B A/B C+ Upper C C- 90% Upper Class Low Middle Class C+ Middle Class Middle Class
80% C
C- 70% D+ 60% D
50% E D+ D E 40% Low Class Lower Class Extreme Poverty Characteristics of 30% Mexican Homes 20% 44% Walls in need of repair 10% 43%
0% Roofs in need of repair
39 02 Overview of Mexico Mexico Coatings Strong and Consistent Growth
3.4 Billion Dollars 2.6 5 year CAGR 5.5% Billion Dollars 10 year CAGR 5.9% 1.9 5 year CAGR 6.4% Billion Dollars 225 185 Million Gallons 157 Million Gallons Million Gallons 5 year CAGR 3.9% 5 year CAGR 3.3% 10 year CAGR 3.6%
2008 2013 2018
Source Comex consistently outpacing overall market growth Orr and Boss 40 03 Mexican Architectural Coatings
41 03 Mexican Architectural Coatings Mexico Architectural Coatings A $1.3B USD End Use Segment
4% 5% Architectural Region Coatings CAGR (2010-2014) Strong Mexican 23% Mexico +5% architectural
United States +4% growth supporting multiple 68% Brazil +2% technologies
France +2% Water Base Solvent Base Textured & Effect Aerosol
42 Source INEGI and ANAFAPYT, does not include waterproofing and wood products, KNG, PPG estimates 03 Mexican Architectural Coatings Architectural Coatings Competitive Landscape in Mexico: Market Size $1.3B
Company Description Store Count
•Leader in the coatings industry •Largest exclusive retail network 3,850 •Nationwide presence Top 3 •Large architectural coatings manufacturer in Northern Mexico 160 represent 70% •Home Depot presence of the market
•Company-owned store network •Presence in architectural, light/heavy industrial, and wood coatings 260
•Strong presence in central region - ~135 third party stores 275
•Strong presence in the Southwest - 110 stores in the Southwest 180 - 70 stores in Jalisco (Guadalajara metro region)
•136 third party stores in the central region •*Store network consist of multi-branded distributors 635* 43 Source PPG estimates 03 Mexican Architectural Coatings Mexican Architectural Competitive Product Offerings
Product Architectural Paint Industrial Coatings
Offering Water Wood Anti- Protective Fire Borne Enamels Aerosols Texture Adhesives Products graffiti & Marine Retardants
Comex Berel Full
Leaders S. Williams participation across all Prisa product categories Acuario
Casther
Participants Sayer
Osel 44 03 Mexican Architectural Coatings Mexico Architectural Coatings Paint stores largest channel; 3-4x End Use Channels gallonage growth vs other channels
Paint Stores / Direct Sales Supermarkets / Home Hardware Stores Big Box Concessionaires (through stores) Centers
Sales Dollars per Channel Channel Growth – Liters (2011-2014)
Paint Stores 83% Paint Stores
Big Box 7% Big Box
Supermarkets 6% Supermarkets
Hardware Stores 4% Hardware Stores
45 Source: PPG Estimates 03 Mexican Architectural Coatings
Architectural Coatings Specialized Service is required Mexican End Use Customer to meet varied customer needs
Residential Painters and Construction 25% labor related related 45% 30% Colors and Service Trends Certification Products Decoration Training Segments Inspiration Carpenters Promotions
46 Source: PPG Estimates 03 Mexican Architectural Coatings Mexican Holidays Drive Paint Demand / Seasonality of Sales by Quarter
Posadas celebration December 12th Patron Saint Christmas of Mexico Season Cyclicality of paint Begins December demand much 16th different than US Easter & Lent Summer Begins with U.S. Independence Día de Muertos Mardi Gras Break Day November 2nd Celebration September 16th of those who have died Quarterly Mexican Paint Demand 20% 25% 25% 30%
Mexico Europe North America 47 Source PPG Estimates 03 Mexican Architectural Coatings Architectural Coatings Mexico Attributes
Standard $6-10/Gallon Paint Standard Speciality Specialty $11-15/Gallon Grade Premium
Premium $23-28/Gallon Residential 75% Commercial 25%
100% Professional vs DIY / BIY Maintenance / Remodel Interior vs Exterior
80%
60% 30% DIY 40% 70% BIY 20%
0% Professional DIY/BIY Maintenance Remodel Interior Exterior 48 Source PPG Estimates, KNG, IRL, Orr & Boss 03 Mexican Architectural Coatings Mexico Industry Fundamentals
New housing …leading to strong housing demand recovery in 2014… (320k units in 2015)
Buildings New Housing Units in mm 20 10%
5% 15 2.9 14.2 0% 2.3 5.2 -5% 10 9.0
-10% 5 -15% 9.0
-20% 0 -25% Housing Deficit 2011 New Homes Demand New Homes Demand Total Housing Demand for 2010 2011 2012 2013 2014 Estimated 2012-2015 Forecast 2016-2020 2020
49 Source PPG Estimates, KNG, IRL, Orr & Boss 03 Mexican Architectural Coatings Mexico Industry Fundamentals
Low paint consumption/capita …suggest strong demand for and increased housing… paint consumption in Mexico
2013 Kg / Capita 2013-2018 Volume Demand Forecast CAGR
15 6%
12 10.8 10.7 5% 4.4% 10.1 3.8% 4% 9 2.8% 5.8 3% 6 2.1% 3.8 2% 1.6%
3 1%
0 0% Western Europe Canada US Mexico Latin America Western Europe Canada US Latin America Mexico
Increasing per capita consumption is a driver for future growth
50 Source INEGI, 2014 04 Overview of PPG Comex
51 04 Overview of PPG Comex
Video 2: Comex Overview
52 04 Overview of PPG Comex What Makes Comex Unique
I. II. III. IV. V. VI. Company Brand Product Operational Comex Business DNA Strength Portfolio & Excellence Talent Model Innovation
53 04 Overview of PPG Comex What Makes Comex Unique I. Uniquely positioned to Company DNA meet all the needs Philosophy of our concessionaires Vision / Mission and customers Values Culture Social responsibility
54 04 Overview of PPG Comex PPG Comex Comex business The Company History Acquisition of: in USA and Canada Color Wheel was sold to Opening of in USA Sherwin-Williams Distribuidora PARA and Crown PPG Industries Acquisition ofAP Kroma Resinas in Canada adquisition of Creation of Joint venture Comex Group (resins) Exclusive licensing training area Lafarge was completed General Paint agreement with National market Acquisition of (Kemzus) in Nov 2014 Brochas Exito Amercoat leader with a retail Empresa Aga Acquisition of (sundries) Industrial specialties Develops network of (waterproofing) Laurentide PPI in the US Expansion to exclusive 800 stores (Canada) Central America distribution Khral Comex is created Joint venture network (powder coatings) Acquisition of AkzoNobel El Gallito and automotive El Paso del Valle hardware stores
Origin Concessionaires Network Development Diversification / Organic Growth Vertical Integration International Expansion New Segments 55 04 Overview of PPG Comex PPG Comex Our Mission
Brand Mission Comex Values Enrich the every day quality of life Integrity by preserving, protecting and beautifying Service the world we live in Innovation Intelligence Passion Profitability Community Social Commitment Sustainability
56 PPG’s Acquisition
of Comex 8 State- of-the-art Investment Highlights Manufacturing Facilities
57 04 Overview of PPG Comex
Beautifying and Protecting Video 3: Comex Products - Wide Range of Uses
58 04 Overview of PPG Comex What Makes Comex Unique II. Uniquely positioned to Brand Strength meet all the needs Positioning of our concessionaires Communication and customers Top of mind Awareness “Love Brand”
59 04 Overview of PPG Comex Marketing and Branding Strategy
Branding The Best Product Innovation Purchase Color Experience
PPG Comex has been We are committed to offer PPG Comex believes in PPG Comex strives to PPG Comex promotes the largely successful in the best performance in constant innovation as the create an enjoyable use of color as it adds creating a strong the industry as well as the basis for its competitive purchase experience for value being the link emotional connection best assortment and differentiation its customers as it relates between paint and with its customers specialization to its stores, product decoration offering and other services
60 04 Overview of PPG Comex Marketing and Branding Strategy
Customer Profile - Comex
27% 17% 11% 11% 21% 13% Do it yourself Buy it yourself (BIY) Carpenter Painters Architects & Contractors Other (DIY)
61 Source PPG Estimates 04 Overview of PPG Comex Our Brand Health Exceptional Brand Awareness
Decision Makers “Classic” brand with strong presence and bonding High market share increase potential Branding is the key factor in choosing paint brands
2013 2014
Brand Awareness 97 98 Innovative 70 74 Painters High Technology 70 74 Leader in its categories Expert 71 75 Strongest brand in terms of loyalty and Reliable 71 74 attractiveness Leader 72 76 Presence is a key strength Modern 69 72
62 04 Overview of PPG Comex
Communication Pillars Video 4: Our Brand
63 04 Overview of PPG Comex Our Brand Building and Key Initiatives Decoration Trade Shows & Show Sponsorship Corporate & & Color Rooms & Event Marketing Social Responsibility
Advertising and PR Exclusive Comex Expos Sports marketing Housing & financial aid Contractor loyalty campaigns platforms via Pro-Viva programs Proprietary show rooms Digital platforms (web- Jobs & professional B2B roadshows and based, social) development via Pro- events Empleo Sustainability program 64 04 Overview of PPG Comex
Chefs
Advertising and Commercials Barber Video 5: Our Television Spots
65 04 Overview of PPG Comex Brand Intimacy Branding
PPG Comex has been largely successful in creating a strong emotional connection with its customers
66 04 Overview of PPG Comex
Brand Intimacy – Our Painters Video 6: Painters Day
67 04 Overview of PPG Comex What Makes Comex Unique III. Uniquely positioned to Product meet all the needs portfolio & of our concessionaires innovation and customers R&D Gold Standard Sustainability One Stop Shop Responsibility
68 04 Overview of PPG Comex R&D Initiatives Internationally Recognized
National Technology Award, 2007 Mexico Science and Technology Award, 2009 State of Mexico Award of Science & Technology 2009 (granted by the State of Mexico Government) National Award of Technology (Process Innovation) 2012 (granted by the President of Mexico)
69 04 Overview of PPG Comex Product innovation The Best Product
We are committed to offer the best performance in the industry as well as the best assortment and specialization
70 04 Overview of PPG Comex Purchase Experience
PPG Comex strives to create an enjoyable purchase experience for its customers as it relates to its stores, product offering and other services
71 04 Overview of PPG Comex Color Our Brand
PPG Comex promotes the use of color as it adds value being the link between paint and decoration
72 04 Overview of PPG Comex Our Products Best Decorative Portfolio
Acrylic Enamels Aerosols
Textures Faux finishes and effects Special Paints
73 04 Overview of PPG Comex Our Products Full Range of Specialty Items
Waterproofing Sundries Wood Care (Roof Coating)
Traffic Paint Light Maintenance
74 04 Overview of PPG Comex Our Products Full Range of Specialty Items
Protective Coatings
Flooring Systems Marine Coatings
75 04 Overview of PPG Comex Revenue Synergy Opportunities Leveraging PPG Global Technologies
76 04 Overview of PPG Comex Protective and Marine Coatings (PMC) Amercoat Strong Brand Recognition & Technology
Premium products Amercoat global leading brand and technology available in México Leverage the leading
Specialty products Local manufacturing and best global technology service level through Comex for PMC through infrastructure the local strength Comex network to deliver of Comex locally Standard products Strong communication plan
77 04 Overview of PPG Comex
Did you know? Video 7: Comex Facts
78 04 Overview of PPG Comex What Makes Comex Unique IV. Uniquely positioned to Operational meet all the needs Excellence of our concessionaires 48 hours and customers delivery nationwide Vertically integrated
79 04 Overview of PPG Comex Manufacturing Facilities Snapshot Khral Tepexpan World class AP Resinas FPU manufacturing facilities
Powder Coatings Vinyl, Resins, Solvents, Resins Acrylic, Solvents, Wax, Enamels, Aerosol Polyurethane
Empresa Plasticos Aga Envolventes Amercoat Kemzus
Vinyl, Elastomers, Plastic Containers Antifouling, Alkyds, Speciality Asphalts Polyurethanes, Styrenated 80 04 Overview of PPG Comex Comex Supply Chain A Competitive Advantage
Manufacturing Flexible facilities ISO compliant No labor / union conflicts EHS 100% environmentally compliant No major incidents Sustainability focus Distribution Cost average less than 5% (world class standard) 55,000 daily transactions Next day delivery capability Procurement Partial vertical integration Expanded leverage with suppliers (PPG)
81 04 Overview of PPG Comex Comex Supply Chain A Competitive Advantage Key Statistics 1.3 2 MM hours Gallons of paint 1 distributed /day Product Next Day during peak availability from delivery capability to any
any distribution 575,000 center point of sale 60,000 15,000
Truck loads per 400,000 #SKUs capable Local deliveries year through 3rd of delivering in to retail party trucks Orders fulfilled 24 hours network in / year Mexico City / year
82 04 Overview of PPG Comex Comex Distribution Network Overview Monterrey Cuautitlán Tultitlán Service levels of 99% and 1 day delivery capability to anywhere in Mexico
Guadalajara Minatitlán Tijuana
83 04 Overview of PPG Comex
Vertically Integrated One Comex competitive advantage Supporting our Strong Brand resides within our vertical Integration
Procurement Packaging Raw Manufacturing Distribution Delivery Brand Raw materials Produce cans Materials 8 state of the art 6 strategically 1 day delivery procured using PPG and packing in-house resin, facilities within located to anywhere in 98% global purchasing materials at a emulsion, and Mexico distribution Mexico awareness power dedicated chemical centers manufacturing production plant
84 04 Overview of PPG Comex What Makes Comex Unique V. Uniquely positioned to Comex Talent meet all the needs Expertise of our concessionaires Creativity and customers Passion Commitment Loyalty
85 04 Overview of PPG Comex PPG Comex Our People Best People
Transformation and Talent Management continuous improvement Program system Talent attraction and Established road map to retention Comex management level Transparency Map key strengths and & Control Values Clear and measurable weaknesses employee Efficient training accountabilities Career plan Internal competition Communication Compensation plan Labor fairness and development Critical management positions
Values and culture transmitted to all employees
86 04 Overview of PPG Comex What Makes Comex Unique VI. Uniquely positioned to Business meet all the needs Model of our concessionaires Stores and customers Distribution Corporate Sales Direct Sales Training
87 04 Overview of PPG Comex Business Model Product and Channel Overview
Product Lines
Chemical and Architectural Industrial Construction Plastics Product coverage across traditional Retail Network distribution channels
Supermarket and Home Centers Channels
Direct Sales
88 04 Overview of PPG Comex
Our Growth Unique go to market strategy Channel Brand Strategy differentiating brand and channel
Concessionaire
Business to Business
Supermarket & Home center
89 04 Overview of PPG Comex
Sales Team Differentiated sales strategies to Built to Service Unique Customer Base provide targeted customer solutions
Retail Professional Solutions Sales Team Sales Team Unparalleled sales Specialized sales team exclusively servicing the providing tailor-made retail channel solutions to corporate, commercial, hospitality, 15,000 store visits/year government and industrial to include customers. Technical and business training On-site, personalized support through entire Administrative and commercial cycle commercial product training Strategic support via call centers and online
90 04 Overview of PPG Comex
Professional Division Segment specialization provides Servicing B2B Customers deeper customer relationship
High Performance Coating Protective & Marine Coating Corporate Sales
Industrial manufacturing Oil & Gas New Construction Metallic products Marine Housing Telecommunications Infrastructure Government Specialized Lines Power Generation Hotels & Tourism Roofing Passive Fire Protection Hospitality Coil / Can Coating Flooring
91 04 Overview of PPG Comex
Professional Division Innovative centers unique Customer Support Centers to Latin America Professional Specification Center Dedicated to products and systems specification for decoration, C.E.P. protection and maintenance needs of the construction, industrial and architectural market segments.
92 04 Overview of PPG Comex
Professional Division Innovative centers unique Customer Support Centers to Latin America Industrial technological innovation Center Unique forefront facilities in Latin America, dedicated to test the performance of architectural and industrial coatings under C.I.T.I. different climate conditions of temperature and humidity, and external factors, to get the optimum specifications for the country’s varied regions.
93 04 Overview of PPG Comex
Business to Business 3 pillars that supports Comex Professional Division the B2B model Value proposition Highlights Over 250 commercial and technical 01 02 03 experts Product Technical & Specialized Portfolio Commercial Experts Infrastructure Specialized Leaders in 4 segments: Government, New Construction, Commercial and Manufacture NACE and SSPC certified for industrial markets Over 100 specialized concessionaries and 450 sales reps over Mexican territory Corporate contracts for large and national accounts
94 04 Overview of PPG Comex
Developing Channels Distinct strategies to address small, Growth Opportunity but developing channels
Exclusive Meridian (Comex) brand #1 in this channel +5,400 points of sale Supermarkets Represents ~5% of total architectural Mexico coatings Comex product available in top 4 retailers
+ 45,000 hardware stores Exito (Comex) is a top 10 brand in this channel Hardware Stores Strong commercial relationship with the most important dealers in México Channels
Big Box Channel <10% of total architectural Mexico coatings
95 04 Overview of PPG Comex The Concessionaire The Heart of Our Business 3,850 Comex concessionaire stores 750+ Total concessionaires 5+ Average stores/concessionaire ~$250 Average annual retail sales / store (thousand USD) 12 Months new store to profitablity (retail) Key Statistics 30,000 Mexican population per store 1 New store openings every 2 days 96 04 Overview of PPG Comex Closeness to the Customer Through a Unique Concessionaire Network Concessionaire
Exclusively buys products from Comex and distributes them to stores Concessionaire receives marketing material / training from Comex Concessionaire’s Stores
Invests in market research and R&D to Create a unique purchasing experience for understand customer needs and its customers through one stop shopping provides them with the best solutions Serve customers with a diverse product Supplies product to concessionaires line that addresses their needs
Customer
Receives high quality product according to their needs Provides feedback to Comex through its purchasing behavior 97 04 Overview of PPG Comex The Concessionaire Success Stories
José Robledo, became a Concessionaire Víctor 50 years ago. Robledo Now his son Victor (pictured), has 180 stores and more than 500 employees in several regions of Mexico.
He attributes his success to the hard work of all his team and Comex support.
“The symbiosis between Comex and the Concessionaires create an excellent value proposition for their customers.”
Victor´s success story is one of many that we have at Comex . One of the first Comex Stores Comex first the One of 98 04 Overview of PPG Comex
Training Process Developing skill set and expertise Associates Drive Top Line Growth to maximize sale of Comex products 23,246 5,621 participants Training events Results Store staff 17,237
Final clients 3,717 Annual Latin America 1,222
PPG Comex associates 1,070 99 04 Overview of PPG Comex
Training Processes Human capital investment Differentiates Comex drives KPI performance Our main Our Our Official School services customers facilities certification / SEP Store
100 04 Overview of PPG Comex Comex Store Network Sized to Fit Market Needs
TAG Data collection of buying habits to understand unique market and customer attributes by store
Vocación de Plaza Individual sales plans by store to penetrate segments with opportunistic growth
101 04 Overview of PPG Comex
Comex Store Network Standardized store Sized to Fit Market Needs customized by need
Store Formats
Showroom Specialized Design Functional Standard
102 Pacific North Gulf Retail Network Concessionaires 33 Concessionaires 62 Concessionaires 38 Stores ~320 Stores ~360 Stores ~460 Operating Footprint Population (mm) and Key Metrics 14 Population (mm) 17 Population (mm) 15 GDP per Capita (‘000s) $9 GDP per Capita (‘000s) $10 GDP per Capita (‘000s) $11 Comex has a significantly diversified client base with no concessionaire representing Metropolitan West Center Metropolitan East more than 5% of total sales
Concessionaires 198 Concessionaires 75 Concessionaires 165
Stores ~510 Stores ~700 Stores ~520
Pacific Population (mm) 25 Population (mm) 20 Population (mm) 25
GDP per Capita (‘000s) $10 GDP per Capita (‘000s) $6 GDP per Capita (‘000s) $10 North Southwest Southeast National
Center Gulf Concessionaires 119 Concessionaires 62 Concessionaires +750 Southwest Stores ~520 Stores ~460 Stores ~3,850
Southeast Population (mm) 16 Population (mm) 13 Population (mm) 120
GDP per Capita (‘000s) $7 GDP per Capita (‘000s) $4 GDP per Capita (‘000s) $10 103 Source: PPG Estimates, The World Bank 04 Overview of PPG Comex Concessionaire Network Network New store openings Consistent and Strong Growth Develop low share Network footprint goal to reach 1 store for every territories 20,000 people Penetrate key segments Purchase experience (TAG) Develop categories and brand / channel
1 per 20k people Strategic Goal to increase concessionaire network, currently 1 store per 30k people
104 04 Overview of PPG Comex
Mexico – True emerging region with accelerating economic growth PPG Comex Comex – Proven, consistent above market growth performance Summary • Leading market position • Well recognized brand • Best in class operations and management team Growth opportunities remain • Support regional economic growth • Continued expansion of Concessionaire network • Further penetration within developing channels Leverage benefits of PPG – world’s leading coatings supplier • Cost synergy attainment • PPG legacy product revenue synergies • Further expansion into Central and South America
105 05 Overview of Central America
106 05 Overview of Central America Well Positioned to Grow $400MM Architectural Market Coatings Demand Central America, Caribbean, and N. South America $3.2B USD 01 43,308,705
02 Inhabitants in Caribbean Architectural $0.5B $0.4B 03 Central America 04
Venezuela, C. America 05 Colombia, Peru, $0.6B 01 Belize Ecuador $2.1B 02 Guatemala 03 Honduras Other Coatings $0.2B 04 El Salvador 06 05 Nicaragua 06 Costa Rica 07 07 Panama
107 Source: IRL, KNG, Orr and Boss 05 Overview of Central America Well Positioned to Grow $400MM Architectural Market
Architectural Coatings Growth Per Capita Paint Consumption CAGR Growth 2011-2016 Gallons
Panama Panama
Nicaragua Nicaragua Goal to grow to 15-20% of Central Honduras Honduras America architectural Guatemala Guatemala coatings market El Salvador El Salvador within 5 years Costa Rica Costa Rica
US US 0 1 2 3 0% 2% 4% 6% 8% 10%
108 Source: IRL, KNG, Orr and Boss 05 Overview of Central America PPG Growing Central America Presence Company Owned Stores (Comex and Glidden)
Guatemala 39
El Salvador 19
Honduras 11 PPG supplies all major distribution Panama 9 channels in Panama Nicaragua 9 Channel exclusivity through Glidden sub- brands Costa Rica 6
Belize 4
109 05 Overview of Central America PPG Growing Central America Presence Strong Brand Awareness Current Regional Commercial Presence • Comex provides PPG with Recent actions Panama distribution platform into Central America to support long Pro Awareness 91% • Glidden previously licensed in term growth Panama (#1 brand) DIY Awareness 95% strategy in region • Glidden the leading home center Costa Rica brand in Panama • Recent store acquisition supplements Pro Awareness 58% regional scale
DIY Awareness 72% • Announced expansion into largest Costa Rican home center
110 05 Overview of Central America PPG Now Supplier to Leading Costa Rican Home Center
The leading brand strengthens
111 05 Overview of Central America South American Architectural Coatings ~$3.5B USD Architectural Demand Opportunistic
24% expansion in large Brazil architectural Argentina 5% region Colombia
6% 65% Other
112 Source: IRL, KNG, Orr and Boss, PPG estimates 05 Overview of Central America
Comex acquisition Original Updated updated financial Cost/operational earnings synergies targets exceeding targets $30-$40MM $45-50MM
Incremental revenue synergies from PPG legacy products identified None $40-50MM
Central America regional revenue synergy target (5 year) None $60-70MM
Comex acquisition exceeding expectations
113 05 Overview of Central America PPG Circling the Mexican Customer for Their Every Need Solution Provider for all Coatings End Use Markets
Automotive OEM Coatings Packaging Coatings Marine Coatings coating the vehicles that they for coatings of beverage and coating the vessels which produce. food cans they can find in ship the items they their local stores. manufacture. Architectural Coatings to paint the walls of their Industrial Coatings Protective Coatings factories, and the walls of protecting their office from the oil they produce, to their workers and end use furniture, industrial vehicles, the bridges they drive on – customers. automotive parts and many we’ve got them covered! other assets they own Aerospace Coatings coating the aircrafts they fly Automotive Refinish upon when in route to Coatings enjoying some rest and for those bumps and bruises relaxation. to their vehicles while traveling to and from work.
114 05 Overview of Central America
Comex City Video 8: Range of Our Products
115 Thank you
116 Details of Site Visits Walk of the Day
Rodrigo Campos Comex Concessionaire
I Transportation
Bus 1 See Handout
Bus 2 See Handout
Bus 3 See Handout
II Appendix / PPG - Attendee Bios PPG / Attendee Bios
Michael H. McGarry is President and Chief 2012. McGarry was elected chief operating Operating Officer of PPG Industries. He is a officer in August 2014 and additionally named Michael member of the company’s executive and president effective March 1, 2015. operating committees and oversees all PPG business units and operating regions as well as Along with his PPG responsibilities, McGarry H. McGarry the information technology (IT), environment, serves as a director on the board of Axiall health and safety (EHS), and purchasing Corporation, an integrated chemicals and President and Chief Operating Officer functions. building products company trading on the New York Stock Exchange (NYSE:AXLL), and the He joined PPG in 1981 as an engineer at the board of Pittsburgh Glass Works LLC, in which company’s Lake Charles, Louisiana, chemicals PPG holds a minority interest. complex. McGarry then progressed through a series of management assignments such as A native of New Orleans, McGarry is a market development manager, silica products; mechanical engineering graduate of the operations manager, silicas, Thailand; business University of Texas and completed the manager, TESLIN® sheet; and product manager Advanced Management Program at Harvard in the derivatives, chlorine, liquid and dry Business School. caustic soda businesses.
He became general manager, fine chemicals, in 2000 and vice president, chlor-alkali and derivatives, in 2004. McGarry relocated to PPG’s European headquarters in Rolle, Switzerland, as vice president, coatings, Europe, and managing director, PPG Europe, in 2006. He returned to the U.S. as senior vice president, Commodity Chemicals, in 2008, and he was elected executive vice president in
III PPG / Attendee Bios
Frank S. Sklarsky is Executive Vice President Frank and Chief Financial Officer of PPG Industries. He joined PPG in this role in April 2013 and serves on the company’s executive and S. Sklarsky operating committees. Prior to joining PPG, Sklarsky was executive Executive Vice President and vice president and chief financial officer, Tyco International, Ltd., a global provider of Chief Financial Officer security, fire protection and flow control solutions. After starting his career with Ernst & Young and holding finance positions with Dell, Inc., he spent 20 years with Chrysler in a series of senior financial leadership roles. Sklarsky then served as executive vice president and chief financial officer at both Eastman Kodak Co. and ConAgra Foods, Inc., before joining Tyco.
Sklarsky earned a bachelor’s degree in accounting from Rochester Institute of Technology and an MBA from Harvard Business School, and he is a certified public accountant. He is a member of the board of directors of Harman International Industries, Inc. (NYSE:HAR), and Rochester Institute of Technology.
IV PPG / Attendee Bios
Marcos Achar Levy, a prominent Mexican He completed as part of his training the businessman, currently CEO of PPG Comex program in Business Management from the Marcos and Vice President of Architectural Coatings American Institute of Business Management Latin America before CEO of Comex Group in (IPADE) in Mexico, and the OPM in Harvard Achar Levy Mexico and Central America. University, USA, among others. He was President of the Council for Born in Mexico City in 1963, is married with 3 Vice President, PPG Architectural Communication and Chairman of the Board of children. the Papalote Children's Museum. Coatings Latin America and In 2006, he received the "Monster of CEO PPG-Comex Marketing" by the prestigious business publication Expansión.
He was Director of Acquisitions Credit Union of Traders in Mexico city. He held different leadership positions in Comex Group like Purchasing Manager, Assistant to the Plant in Tepexpan, Kroma General Director , Commercial Corporate Director at Comex Division and General Director of Paintings. Board Member in Tecnologico de Monterrey ,Grupo Modelo, MVS , Banamex Accival, Rectoría de la Zona Metropolitana de la Ciudad de México, Endeavor Global, Inc. and NFL counselor at the International Board.
V PPG / Attendee Bios
Eric K. Thiele is vice president and business controller, global architectural coatings and Eric protective and marine coatings, of PPG Industries.
Thiele Thiele joined PPG in 1995 as a financial analyst in the coatings controllership group in Vice President and Business Pittsburgh. He advanced through various finance roles such as director, financial Controller, Global Architectural services, aircraft transparencies; director, Coatings and PMC financial reporting, coatings businesses; and director, finance and planning, automotive coatings.
In 2004 Thiele relocated to Hong Kong as director, finance, and chief financial officer, PPG Asia Pacific. He returned to Pittsburgh in 2009 as assistant treasurer and credit director, and in 2012 he was named corporate treasurer. Thiele was named to his current role in June 2015.
A native of Johnstown, Pennsylvania, Thiele earned a bachelor’s degree in economics from Allegheny College and a Master of Business Administration from the Joseph M. Katz Graduate School of Business at the University of Pittsburgh.
VI PPG / Attendee Bios
Over 17 years of experience directing Alfonso has a Bachelor in Institutions businesses and operations in the industrial Administration at La Salle University and has Jose Alfonso field in companies such as Monroe Chemical, an MBA at IPADE Business School in Mexico. Exxon Mobile and Mexicana de Lubricantes as He has also studied at Harvard Business School well as The Comex Group, now PPG Comex. in Massachusetts and UCLA in California, EUA. Felix Guzman He just certified as International Coach by He is been working at Comex since 1998. His Newfield Consulting. Commercial Vice current position is Commercial Vice President PPG Comex. He was born at Cuernavaca, Morelos, Mexico President – PPG Comex where he currently lives with his family. Alfonso has been responsible for the Comex integration in specialized product lines, such as wood coatings, solvents, automotive refinish,PMC, as well as industrial coatings having the Commercial Director title.
He was who implemented direct sales by segment model in Comex as Corporate Sales Director and created the Professional Division for supporting the industrial and volume segments needs as Global Director for the Professional Division, being responsible from Mexico to Canada.
VII PPG / Attendee Bios
Iván Ahedo has more than 20 years of international experience in International Ivan Marketing including CPG, B2B and Retail industry companies, among them: 3M, José Cuervo, Grupo LALA, SAB Miller (USA) and Ahedo Gaudry Starbucks.
Marketing Director, He has been Grupo Comex Vice President for PPG-Comex Marketing for the last four years. Mr. Ahedo is a mentor at Endeavor International and advisor for the Hispanic MKT Group in USA.
He holds a Bachelor’s degree in Marketing from the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) in México and a postgraduate degree in Finance from the University of Miami, Florida, also studied International Marketing in Amsterdam, the Netherlands.
He was born in Mexico City, is Married with 3 children.
VIII PPG / Attendee Bios
Vince Morales is vice president, investor Vincent relations and Treasurer, of PPG Industries. Morales joined PPG in the corporate controller’s office, Pittsburgh headquarters, in J. Morales 1985. Progressive finance and accounting assignments with PPG facilities included Vice President, supervisor, shared accounting services, in Chillicothe, Ohio, and director, information Investor Relations and Treasurer and financial services, in Mt. Zion, Ill.
Morales returned to Pittsburgh in 2000 as manager, chemical revenue recognition, then became director, internal financial reporting, in 2001. He was named director, investor relations, in November 2004, Vice President Investor Relations in October 2007, and to his current position in June 2015.
A native of Pittsburgh, Morales earned a bachelor’s degree in accounting from Robert Morris University and a Master of Business Administration degree from the Ohio State University.
IX PPG / Attendee Bios
Scott Minder is director, investor relations, of Scott Minder PPG Industries. Minder joined PPG in 2009 as automotive original equipment manufacturer (OEM) coatings global director, finance and planning. He was named finance director and business Director, controller, industrial and packaging coatings, in Investor Relations April 2014, and to his current role in June 2015. Prior to joining PPG, Minder worked for General Motors in the areas of dealership acquisition, brand finance, process-risk management and investor relations, and for Penske Logistics as director of finance and director of global quality.
Minder earned a B.S. in management (finance/accounting) from Kettering University and a MBA from Duke University.
X Thank you