Ppg Industries, Inc. · NYSE:PPG
Ppg Industries — Q1 2026 Earnings Presentation
18 slides from Ppg Industries's earnings presentation, Apr 29, 2026
Slide 1: First Quarter 2026 Financial Results
First Quarter 2026 Financial Results April 28, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. You can identify forward-looking statements by the fact that they do not relate strictly to current or historic facts. Fo
Slide 3: First Quarter 2026 Highlights
First Quarter 2026 Highlights Share Repurchases Fifth consecutive quarter of higher YOY organic sales ~$100MM Growth momentum led by differentiated aerospace Adjusted and architectural Latin America businesses EPS Share gains evident in above market growth $1.83 in automotive OEM, packaging and +6%
Slide 4: First Quarter Net Sales
First Quarter Net Sales Organic sales up 1% driven by pricing actions in key businesses Net Sales ($ in millions) 6% $3,930 Selling prices: Positive with targeted increases 1% 0% partially offset by index-based pricing in certain $3,684 customer contracts Volumes: Flat with growth in aerospace and s
Slide 5: Global Architectural Coatings
Global Architectural Coatings Strong growth in Mexico outpaced soft European demand Net Sales 1Q’26 19.1% ($ in millions) Segment 12% $965 EBITDA +230 bps -1% Margin $857 2% 0% 1Q’26 Organic Sales Results 1Q'25 Price Volume Currency Divestitures 1Q'26 Architectural LSD EMEA Highlights Architectural
Slide 6: Performance Coatings
Performance Coatings Organic sales growth of 1% with strength in aerospace and protective and marine coatings Net Sales 1Q’26 24.4% ($ in millions) Segment 1% $1,334 EBITDA 3% 3% +10 bps Margin $1,265 -2% 1Q’26 Organic Sales Results 1Q'25 Price Volume Currency Acquisitions 1Q'26 Aerospace DD Refinis
Slide 7: PPG Aerospace
PPG Aerospace Proprietary technology to deliver customized solutions and improve productivity for our customers Chemistry Process/Delivery Inside the Can AND Outside the Can Innovations Innovations PRC® Seal Cap ARETM 3D Printed Sealants • Lightening strike protection for composite aircraft • Custom
Slide 8: Industrial Coatings
Industrial Coatings Solid volume growth outpacing the industry, driven by share gains Net Sales 1Q’26 15.0% ($ in millions) Segment 4% $1,631 EBITDA -180 bps $1,562 1% Margin -1% 1Q’26 Organic Sales Results 1Q'25 Price Volume Currency 1Q'26 Auto OEM LSD Industrial LSD Highlights • Auto OEM volume gr
Slide 9: PPG Strengths Drive Inflation Offsets
PPG Strengths Drive Inflation Offsets PPG Differentiators Actions and Improved Outlook Improved Price/Cost Recovery Announced Selling Price Actions 1 Much faster than prior inflation cycles; In progress and flexible 1 run rate recovery by 1Q’27 2026 Rest of Year if more is required Incremental EBITD
Slide 10: Strong Balance Sheet and Cash
Strong Balance Sheet and Cash Cash deployment focused on shareholder value creation 1Q’26 Activity Cash Deployed to Shareholders ($ in millions) $300 $1.6B $260MM Cash Balance Dividends and Share March 31, 2026 Repurchases $200 $100 $5.5B 2.0x Net Debt Net Debt / Adjusted $0 March 31, 2026 EBITDA LT
Slide 11: Second Quarter Financial Projections
Second Quarter Financial Projections The PPG Way Adjusted earnings per share (YOY) Flat to +LSD Segment organic sales (YOY %): We are Global Architectural Coatings customer We Flat to +LSD Performance Coatings champions compete We are to win Industrial Coatings PPG proud Segment margin (YOY) -100 bp
Slide 12: PPG: A Compelling Long-Term Investment
PPG: A Compelling Long-Term Investment Delivering core technologies and Leading Positions in All Verticals productivity solutions to our customers Strong Brands, Technologies and Services Organic and inorganic growth opportunities Asset-Light, Highly Flexible Cost Structure Accelerating margin expan
Slide 13: Appendix
Appendix
Slide 14: Adjusted EPS Reconciliation
Adjusted EPS Reconciliation $ in millions, except EPS Total PPG First Quarter 2026 Net Income EPS(a) Net Income from Continuing Operations, As Reported $ 382 $ 1.70 Acquisition-related amortization expense 20 0.09 Business restructuring-related costs, net(b) 4 0.02 Portfolio optimization(c) 5 0.02 A
Slide 15: Segment Margin Reconciliation
Segment Margin Reconciliation $ in millions, except margin % 2024 2025 2026 Global Architectural Coatings FY Q1 Q2 Q3 Q4 FY Q1 Segment Margin, As Reported 17.3% 13.8% 15.7% 18.2% 14.4% 15.6% 16.1% Net Sales $3,921 $857 $1,018 $1,012 $951 $3,838 $965 Segment Income 678 118 160 184 137 599 155 Depreci
Slide 16: Adjusted EBITDA Reconciliations
Adjusted EBITDA Reconciliations $ in millions, except margin % 2025 2026 Q1 Q2 Q3 Q4 FY Q1 Reported net income from continuing operations $ 375 $ 450 $ 444 $302 $1,571 $ 382 Interest expense, net of interest income 13 18 23 34 88 24 Income tax expense 122 140 118 78 458 132 Depreciation 89 91 94 99
Slide 17: Segment Volume and Price Variance Year Over Year
Segment Volume and Price Variance Year Over Year 2023 2024 2025 2026 Global Architectural Coatings Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Volume Vaiance -6% -8% 0% -4% -5% -6% 0% -2% -2% -2% -3% -2% -2% 0% -2% 0% Price Variance 10% 8% 4% 2% 6% 1% 1% 0% 0% 1% 1% 1% 2% 2% 2% 2% Segment Organi
Slide 18: Thank You For Your Interest In PPG
Thank You For Your Contact Information: Interest In PPG INVESTORS: Alex Lopez phone: +1 412 434 3466 email: alejandrolopez@ppg.com MEDIA: Greta Edgar Borza phone: +1 724 316 7552 email: edgar@ppg.com 18