PPG Marks Successful 2017, Reports Solid Financials at Annual Meeting

PITTSBURGH–(BUSINESS WIRE)–PPG (NYSE:PPG) today held its annual meeting of shareholders in
Pittsburgh, where chairman and chief executive officer Michael H.
McGarry reviewed the company’s continued strategic progress and
highlighted its strong financial performance.

“PPG delivered a solid performance in 2017 and continued to strengthen
our position as a global leader in the paint and coatings industry,”
McGarry said. “On a full year basis, our sales from continuing
operations were approximately $14.8 billion, more than 3 percent higher
than the prior year. We also continued our legacy of returning cash to
shareholders, with more than $1.2 billion returned in 2017 through
dividends and share repurchases.”

At the meeting, McGarry highlighted several strategic actions taken by
PPG to make the company stronger and more resilient. This included the
acquisitions of The Crown Group, a leading provider of coating services;
DEUTEK, a Romanian architectural coatings leader; and Futian, an
automotive refinish company based in Southern China. In addition,
McGarry noted that the company completed its multi-year portfolio
transformation with the sale of PPG’s U.S. fiberglass business, the
company’s last, remaining non-core business. He also highlighted PPG’s
continued focus on new product development, which included nearly $500
million in research and development investment in 2017.

McGarry discussed several key sustainability and social responsibility
achievements in 2017, including:

• Continued improved safety performance;
• Reduced energy intensity by 22 percent, waste intensity by 4 percent
  and overall greenhouse gas emissions by 25 percent;
• Achieved 32 percent of sales from sustainable-advantaged products;
• Met a number of environmental goals ahead of 2020 targets and
  developed new, aggressive 2025 sustainability goals;
• Invested more than $10.5 million in 2017, supporting hundreds of
  organizations across 29 countries; and
• Continued the growth of PPG’s COLORFUL COMMUNITIES™ initiative. PPG
  employees, customers and partners have now completed more than 125
  projects, where they have enhanced, protected and beautified
  communities around the world through the use of our products. These
  projects in more than 23 countries have positively impacted more than
  4 million people.

Looking ahead, McGarry said, “As we look at 2018, our 135th year in
operation, the focus on our purpose of ‘protecting and beautifying the
world’ has never been stronger and extends beyond the economic
boundaries of our business to ensure the long-term sustainability of
PPG. We remain focused on delivering higher organic growth, including
continued commercialization of our innovative, industry leading paints,
coatings and specialty materials. We’re continuously focused on emerging
trends, such as mobility, working alongside customers to create
solutions. We remain in a position of strength with significant
financial flexibility going forward. Year-to-date 2018, we have deployed
another $600 million in share repurchases, and we remain committed to
deploying at least $2.4 billion on acquisitions and share repurchases
this year.”

At the meeting, shareholders re-elected directors Victoria Haynes,
retired president and chief executive officer, RTI International;
Michael W. Lamach, chairman, president and chief executive officer,
Ingersoll-Rand plc; and Martin Richenhagen, chairman, president and
chief executive officer, AGCO Corporation. Additionally, shareholders
passed a non-binding resolution to approve the compensation of the
company’s named executive officers and ratified the appointment of
PricewaterhouseCoopers LLP as the company’s independent registered
public accounting firm for 2018. Shareholder votes were not sufficient
to approve a proposal to amend the Company’s Articles of Incorporation
to provide for the annual election of directors.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints,
coatings and materials that our customers have trusted for more than 130
years. Through dedication and creativity, we solve our customers’
biggest challenges, collaborating closely to find the right path
forward. With headquarters in Pittsburgh, we operate and innovate in
more than 70 countries and reported net sales of $14.8 billion in 2017.
We serve customers in construction, consumer products, industrial and
transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world and Colorful Communities
are trademarks and the PPG Logo is a registered trademark of
PPG Industries Ohio, Inc.

Contacts

PPG Media Contact:
Mark Silvey, +1-412-434-3046
Corporate
Communications
[email protected]
or
PPG
Investor Contact:
John Bruno, +1-412-434-3466
Investor
Relations
[email protected]
investor.ppg.com