PPG Annual Report and 10K 2019

A MESSAGE FROMOUR CHAIRMAN OUR VALUED SHAREHOLDERS, Every day, in every corner of the world, PPG team members are waking up and preparing for their day with a common drive to make a difference. Our team of more than 47,000 colleagues across the world is made up of continuous learners who are stretching to reach their potential and working together to improve our contributions to our shareholders, customers and communities of stakeholders. The diverse perspectives of our team, regardless of their location in the world or their origin, enhance the PPG spirit and extend our potential to succeed. We believe in the power of ideas. Innovations in our business occur every day, driven by curiosity and an unrelenting desire to help our customers enhance their performance – whether through increased productivity, enhanced sustainability or new color capabilities. After all, the PPG team is driven by a common purpose: We protect and beautify the world. ™ We remain steadfast in our commitment to develop innovative products and solutions that create value for our customers; empower our people to grow and succeed; operate our business safely and effectively; and deliver value to our shareholders – growing sales and earnings consistently to deliver superior returns. Today, more than ever, we feel that the challenges we face in our current business environment can make us stronger, and how we respond to them will determine our future. We are at an important moment in our company’s history, and our team is focused on “Creating Our Future” by strengthening our core , accelerating our growth and opening new horizons . Michael H. McGarry Chairman and Chief Executive Officer Net sales Adjusted earnings per diluted share from continuing operations, up about 5% versus the prior year and up about 8% excluding unfavorable foreign currency translation. After-tax impact of foreign currency translation was $37 million, or $0.16 per diluted share for the year ended December 31, 2019. Record full-year operating cash flow of nearly $2.1 billion, approximately $600 million higher than the previous year $ 15.1B $ 6.22 $ 2.1B 2019 FINANCIAL HIGHLIGHTS About our cover: PPG’s greatest strength is its people. In 2019, we embarked on a journey to define and enhance our culture. The result was the launch of The PPG Way, which embodies six important tenets around a culture of ownership, empowerment and inclusiveness. Every single day at PPG, these tenets are further enabling, empowering and engaging employees across the world. Read more about The PPG Way on page v.