Ppg Industries, Inc. · NYSE:PPG
Ppg Industries — Q2 2026 Earnings Presentation
18 slides from Ppg Industries's earnings presentation, Jul 29, 2026
Slide 1: Second Quarter 2026 Financial Results
Second Quarter 2026 Financial Results July 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: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights Net Sales $4.5B Sixth consecutive quarter of higher YOY organic +4% YOY sales with robust sales volume growth of 2% Organic Sales Growth momentum led by innovation in Adjusted productivity solutions for our customers EPS Above market growth led by aerospace, $2.23 prot
Slide 4: Second Quarter Net Sales
Second Quarter Net Sales Organic sales up 4% driven by growth momentum and pricing actions Net Sales ($ in millions) 1% $4,495 2% 2% 2% Selling prices: Positive with targeted increases $4,195 partially offset by index-based pricing in certain customer contracts Volumes: Higher driven by growth in ae
Slide 5: Global Architectural Coatings
Global Architectural Coatings EBITDA and margin expansion in both Latin America and Europe Net Sales 2Q’26 19.4% ($ in millions) Segment 6% $1,098 EBITDA +100 bps 3% Margin $1,018 -1% 2Q’26 Organic Sales Results 2Q'25 Price Volume Currency 2Q'26 Architectural LSD EMEA Highlights Architectural MSD La
Slide 6: Performance Coatings
Performance Coatings Organic sales growth of 3% with strength in aerospace and protective and marine coatings Net Sales 2Q’26 22.7% ($ in millions) Segment 3% $1,619 EBITDA -300 bps 0% 1% Margin 3% $1,512 2Q’26 Organic Sales Results 2Q'25 Price Volume Currency Acquisitions 2Q'26 Aerospace DD Refinis
Slide 7: PPG Aerospace Deep Dive Highlights
PPG Aerospace Deep Dive Highlights Well positioned to deliver consistent profitable growth Technology leader with ~100 years in commercial, general and military aviation Unique ~$2B portfolio of qualified products and productivity solutions Diversified customer base with global distribution channels
Slide 8: Industrial Coatings
Industrial Coatings Strong volume growth outpacing the industry, driven by share gains Net Sales 2Q’26 15.9% ($ in millions) Segment 2% $1,778 5% EBITDA -70 bps $1,665 0% Margin 2Q’26 Organic Sales Results 2Q'25 Price Volume Currency 2Q'26 Auto OEM LSD Industrial MSD Highlights • Auto OEM volume gro
Slide 9: On Track to Recover Inflation by 4Q’26, Ahead of Commitment
On Track to Recover Inflation by 4Q’26, Ahead of Commitment Supporting customers through continuity of supply and consistent product quality Inflation Recovery Progress Why PPG Can Deliver Price = 100% of Current COGS Inflation 2016 Cycle 18 mo. 2021 Cycle 12 mo. Procurement Capabilities Global 2026
Slide 10: Strong Balance Sheet and Cash
Strong Balance Sheet and Cash Cash deployment focused on shareholder value creation 2Q’26 Activity Operating Cash Flow ($ in billions) $1.6B ~$235MM Cash Balance Dividends and Share $0.6 Repurchases June 30, 2026 $0.4 $0.3 $5.3B 1.9x Net Debt Net Debt / Adjusted June 30, 2026 EBITDA LTM 2Q'24 YTD 2Q
Slide 11: Third Quarter and Full-Year 2026 Financial Projections
Third Quarter and Full-Year 2026 Financial Projections Third Quarter 2026 Full Year 2026 Adjusted EPS $7.70 - $8.10 per share Segment organic sales (YOY %): +LSD to +MSD +LSD to +MSD Global Architectural Coatings Flat to +LSD Flat to +LSD Performance Coatings +MSD to +HSD +LSD to +MSD Industrial Coa
Slide 12: PPG: A Compelling Long-Term Investment
PPG: A Compelling Long-Term Investment Delivering core technologies and Unique, Well Positioned Portfolio productivity solutions to our customers Strong Brands, Technologies and Services Organic and inorganic growth opportunities Asset-Light, Highly Flexible Cost Structure Accelerating margin expans
Slide 13: Appendix
Appendix
Slide 14: Adjusted EPS Reconciliation
Adjusted EPS Reconciliation $ in millions, except EPS Total PPG Second Quarter 2026 Net Income EPS(a) Net Income from Continuing Operations, As Reported $ 439 $ 1.96 Acquisition-related amortization expense 20 0.09 Business restructuring-related costs, net(b) 10 0.04 Portfolio optimization(c) 4 0.02
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 Q2 Segment Margin, As Reported 17.3% 13.8% 15.7% 18.2% 14.4% 15.6% 16.1% 16.8% Net Sales $3,921 $857 $1,018 $1,012 $951 $3,838 $965 $1,098 Segment Income 678 118 160 184 137
Slide 16: Adjusted EBITDA Reconciliations
Adjusted EBITDA Reconciliations $ in millions, except margin % 2025 2026 Q1 Q2 Q3 Q4 FY Q1 Q2 Reported net income from continuing operations $375 $450 $444 $302 $1,571 $382 $439 Interest expense, net of interest income 13 18 23 34 88 24 29 Income tax expense 122 140 118 78 458 132 127 Net income/(lo
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 Q2 Volume Variance -6% -8% 0% -4% -5% -6% 0% -2% -2% -2% -3% -2% -2% 0% -2% 0% -1% Price Variance 10% 8% 4% 2% 6% 1% 1% 0% 0% 1% 1% 1% 2% 2% 2% 2% 3% Tot
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