PPG Industries (PPG) Corporate presentation summary

Business profile and market position

• Founded in 1883; 2025 net sales were $15.9B, adjusted EBITDA margin was 17%, and products were sold in 50+ countries; 54 consecutive annual dividend increases.

• Portfolio spans architectural, performance and industrial coatings, with global leadership positions across aerospace, auto refinish, packaging and other end markets.

• 2025 net sales mix: U.S. and Canada 34%, EMEA 34%, Asia Pacific 18% and Latin America 14%.

2025 performance and outlook

• Four consecutive quarters of higher sales volumes and selling prices; 2025 organic sales grew 2%, net sales were $15.9B and adjusted EPS was $7.58.

• Operating cash flow was $1.9B, up $0.5B YoY; free cash flow yield was 5.0% and adjusted EBITDA margin was 17%.

• Returned $1.4B to shareholders in 2025: approximately $630MM in dividends and $790MM in share repurchases.

• Targeting 8–12% four-year EPS CAGR from a 2022 baseline; operational improvements were $120MM in 2025, with approximately $50MM planned for 2026, and restructuring savings of $100MM targeted for 2026–2027.

Segment results and growth drivers

• 2025 segment sales and EBITDA margins: Global Architectural Coatings $3.8B and 18.4%; Performance Coatings $5.5B and 23.3%; Industrial Coatings $6.5B and 16.4%.

• 2025 organic sales were flat in Architectural Coatings, up 5% in Performance Coatings and up 1% in Industrial Coatings.

• Aerospace growth priorities include facility expansion, new product qualification, process modernization and increased production productivity.

• Comex held the #1 Mexican paint-company position; its distribution network included 5,200 stores, up 45% since 2014, and organic sales CAGR was 6% for 2019–2025.