PPGMichael H. McGarry – Chairman and Chief Executive Officer

Citi Basic Materials Conference

New York – Nov. 29, 2016

Forward Looking StatementsThe Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of the

Company. 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.

Forward-looking statements are identified by the use of the words “aim,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,”

“outlook,” “forecast” and other expressions that indicate future events and trends. Any forward-looking statement speaks only as of the date

on which such statement is made, and the Company undertakes no obligation to update any forward looking statement, whether as a result

of new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in

our reports to the Securities and Exchange Commission. Also, note the following cautionary statements.

Many factors could cause actual results to differ materially from the Company’s forward-looking statements. Such factors include failure to

achieve technical advances or to commercialize new products, global economic conditions, increasing price and product competition by

foreign and domestic competitors, fluctuations in cost and availability of raw materials, the ability to maintain favorable supplier relationships

and arrangements, the timing of and the realization of anticipated cost savings from restructuring initiatives, difficulties in integrating acquired

businesses and achieving expected synergies therefrom, economic and political conditions in international markets, the ability to penetrate

existing, developing and emerging foreign and domestic markets, foreign exchange rates and fluctuations in such rates, fluctuations in tax

rates, the impact of future legislation, the impact of environmental regulations, unexpected business disruptions and the unpredictability of

existing and possible future litigation. However, it is not possible to predict or identify all such factors. Consequently, while the list of factors

presented here and under Item 1A of PPG’s 2015 Form 10-K is considered representative, no such list should be considered to be a

complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of

forward-looking statements. Consequences of material differences in the results compared with those anticipated in the forward-looking

statements could include, among other things, lower sales or earnings, business disruption, operational problems, financial loss, legal liability

to third parties, other factors set forth in Item1A of PPG’s 2015 Form 10-K and similar risks, any of which could have a material adverse

effect on the Company’s consolidated financial condition, results of operations or liquidity. All of this information speaks only as of November

29, 2016, and any distribution of this release after that date is not intended and will not be construed as updating or confirming such

information. PPG undertakes no obligation to update any forward-looking statement, except as otherwise required by applicable law.

2

Growth

Operational Excellence

Cash Deployment

3

PPG: Creating Shareholder Value

4

Organic growth opportunities across the portfolio

• Technology: PPG remains an innovation leader in specialty-purpose coatings

• Brands: PPG focused on continued expansion of consumer architectural coatings brands

Robust acquisition activity continues across the coatings space

• PPG is a leader in the industry consolidation

• Successfully acquired and integrated dozens of coatings businesses over the past decade

• PPG has made 9 acquisitions in the past 18 months

• Access to new geographies, new technologies, new customers

• Significant cost synergy opportunities

• Ability to leverage acquired products across PPG’s broad end-use markets and regions

• Remains a preferred use of cash due to synergy capture and global scale

Growth Opportunities Organic growth supplemented by acquisitions drive revenue growth

Coatings Technology Evolution Expands Addressable Market

Enabling

Past Present Future

Increasing product complexity driven by customer needs favors PPG5

Asset Monitoring

Extreme Color“Pizazz”

Protect

Color Beautification

Asset Protection

Functionality

6

Technology Development Drives Future GrowthPPG has leading positions in significant new technologies

2008 2009 2010 2011 2012 2013 2014 2015

PPG Global Waterborne Collision Shops

0

20

40

60

80

100

2006 2014 2016E

Global Auto Industry Builds (MM)

Traditional Process Compact Process

Opportunity

Packaging – BPA-NI Coatings Aerospace – Lightweight Sealants

Increased adoption of PPG’s internal can coatings PPG’s sealants eliminate over 2,000 lbs. per aircraft

Automotive OEM – Compact Process Automotive Refinish – Waterborne Coatings

PPG is the global waterborne leader; shop conversions continue PPG is the global leader; significant growth potential remains

Food & beverage applications

PPG is a Leader in Global Architectural Coatings Leading positions in several key markets worldwide

Sources: Industry Earnings Releases, KNG, IRL

Local brands and distribution are important in fragmented and growing global industry

Country Region Leading Next

Mexico Latin America

Canada North America

France EMEA

Poland EMEA

Denmark EMEA

Netherlands EMEA

U.S. North America

U.K. EMEA

PPG’s regional positions

7

Top 4

Global

Leaders

~40%

~20%

Next 15

Leading

Regionals

~40%

Thousands

Small /

Niche Regionals

2016 global architectural coatings industry value ~$50B USD

Growth Opportunities from Distinct Local Brands and Channels

USCA

EMEA

LATAM

AP

PPG

Global Industry

8Continue to develop, expand and acquire regional brands; leverage global scale locally

New in

past 5

years

Growth Driven by Portfolio ExpansionSuccessful integration of acquisitions around the globe, across end-use markets

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Acquisition Primary Business/ProductPrimary

Geography

Automotive

Adhesives & SealantsEurope

U.S.Aerospace

Defense Products

Aerospace

Adhesives & SealantsEurope

Industrial

Powder CoatingsU.S.

Automotive & Industrial

PretreatmentCanada

Architectural

Paint Stores

Central

America

Consorcio

LatinAmericano

Industrial

Coatings ServicesU.S.

Architectural

Multi-channel distributionRomania

Architectural

Paint StoresItalyUniver

Bolt-onTransformativeAcquisition

Primary Business/Product

Primary Geography Current Update

North America

Architectural

Architectural

U.S. &

Canada

Mexico

• Excellent business

• Quick attainment of cost

synergies

• Revenue synergies ahead

of expectations

• Expansion into Central

America market

• Strong return on

investment due to price paid

• Quick attainment of

significant cost synergies

• Organic growth rate below

industry, gap narrowing

PPG remains an active, disciplined acquirer within the fragmented global coatings space

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Disciplined cost management

• Enterprise-wide manufacturing productivity

averages $75 million annually

• Efforts focused in lower-growth developed regions

• Serves to offset general inflation

• Actions to structurally reduce costs

• April 2015: global restructuring actions announced;

$100 - $105 million annual savings

• Q4 2016: reviewing additional restructuring actions

to further reduce costs in the current economic

environment

Operational ExcellenceFocused on execution and results across operations and functions

Active management of costs and working capital across business cycles

14%

16%

18%

20%

22%

2011 '12 '13 '14 2015

Operating Working Capital (% sales)

Aggressive Working Capital Reductions

Goal: reduce working capital 100 basis points per year

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Cash DeploymentConsistent cash usage focused on shareholder value creation

Capital Spending

20%

Acquisitions35%

Dividends15%

Share Repurchases

30%

Approximate Cash Usages

2011 – 2015: $2.2 billion per year (average)

16.9%

14.0%

17.2%

0

2,000

4,000

6,000

8,000

10,000

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

2005 2010 2015

Cap

ital ($

MM

)

Retu

rn o

n C

ap

ital

Capital Return on Capital

Balanced and accretive cash deployment driving strong financial results

Return on Capital*

* Adjusted to exclude certain non-recurring charges, see appendix for reconciliation.

All years as originally reported, not adjusted for business divestitures.

Growth 55% Shareholder Return 45%

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Continued Portfolio Optimization

• Non-core asset divestitures

• Pittsburgh Glass Works (PGW), Flat Glass, European Fiber Glass,

Asian Fiber Glass joint ventures

• Coatings acquisitions

• MetoKote, Deutek, Univer

Risk Mitigation

• Asbestos trust funding completed (Pittsburgh Corning)

• U.S. and Canada pension plan annuitization

2016 Strategic Actions

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Growth

• Leverage technology leadership to outperform industry growth rates

• Expand local brand platforms, utilize global scale locally

• Acquisitions continue to be a preferred use of cash in fragmented coatings industry

Operational Excellence

• Ongoing actions to structurally reduce operating and functional costs

• Continued working capital improvements; annual goal to reduce by 100 basis points

Cash Deployment

• Consistent strategy to fuel growth and return cash to shareholders

• Strong return on capital is measurable proof of successful cash deployment

• Ongoing portfolio optimization actions

Summary

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Appendix

2015* 2010* 2005

Adjusted Net Earnings $1,555 $854 $763

Net Interest Expense (after-tax) 95 140 57

Adjusted Net Earnings + Net

Interest Expense

$1,650 $994 $820

Capital (Average Debt & Average

Equity) as Reported

$9,515 $6,685 $4,686

Net Adjustment (see Net

Earnings Reconciliations)

150 85 167

Adjusted Capital** $9,603 $6,753 $4,853

Adjusted Return on Capital 17.2% 14.0% 16.9%

Adjusted Return on Capital

Full Year

**This table does not foot due to the averaging effect of Net Adjustments

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*Amounts in Millions of USD, except percentages - Not adjusted for discontinued operations for

comparative purposes

2015* 2010* 2005

Net Earnings as Reported $1,405 $769 $596

Adjustments:

Debt refinancing charge - - 12

Business restructuring charge 106 - -

Equity affiliate debt refinancing

charge

7 - -

Transaction-related costs 32 - -

Legacy pension settlement loss 5 85

Legal settlement - - 117

Impairments/Other - - 38

Total Net Adjustments $150 $85 $167

Adjusted Net Earnings $1,555 $854 $763

Adjusted Net Earnings

*Amounts in Millions of USD – Not adjusted for business divestitures for comparative purposes

Full Year

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