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Investor Comex Deep Dive 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
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