Axalta Coating Systems Q2 2017 Financial Results

Made public by

sourced by PitchSend

9 of 17

Category

Industrial

Published

2017

Slides

Transcriptions

#1Axalta Coating Systems Q2 2017 FINANCIAL RESULTS August 3, 2017 A AXALTA™#2#3Q2 2017 Highlights ▪ Q2 financial results ✓ Net sales of $1,088.5 million driven primarily by 6.5% acquisition contribution ✓Net loss attributable to Axalta of $20.8 million versus $50.7 million of income in Q2 2016, driven by Venezuela deconsolidation and M&A transaction and integration costs ✓ Adjusted net income attributable to Axalta of $75.4 million versus $83.7 million in Q2 2016 ✓ Adjusted EBITDA of $227.2 million versus $251.1 million in Q2 2016 I ■ - Operating & innovation progress highlights ✓ Opened Asia Pacific Technology Center in Shanghai; opened new training centers in North Carolina and Dubai; opened new India headquarters ✓ Honored with Supplier of the Year award from GM and supplier award from Honda in Brazil TM ✓ Key new Industrial product introductions within our Colar®, Alesta®, and Durapon 70™ brands to extend product reach in new markets ▪ Balance sheet & cash flow progress ✓ Free Cash Flow generation: $73.7 million versus $174.8 million last year ✓ Upsized and refinanced USD Term Loans to finance Q2 2017 acquisitions and reduce cost of debt while extending maturities A AXALTA AXALTA COATING SYSTEMS Capital deployment & M&A activity Closed on three acquisitions including the North American Industrial Wood Coatings business from Valspar and Spencer Coatings Group in the U.K. ✓ Initiated share repurchase program by purchasing $8.3 million of shares 3#4#5Q2 Consolidated Results ($ in millions) Financial Performance Performance Transportation Net Sales Net Income (Loss) (1 (1) $1,064 2017 (0.3%) AXALTA COATING SYSTEMS Q2 (21) 2016 663 426 1,089 1,064 Adjusted EBITDA 227 251 (9.5%) (1) Represents Net Income (Loss) attributable to controlling interests Q2 2016 Volume Price 6.9% 631 5.1% 433 (1.7%) (0.7%) 2.3% 3.8% 51 Net Sales Variance % Change Incl. F/X Excl. F/X (2.4%) (1.5%) +6.5% +2.3% $1,089 FX Acq. Q2 2017 5 Commentary Net sales led by acquisition growth ■ Net sales pressured by lower volumes in Latin America Refinish and EMEA Light Vehicle, partly offset by solid growth in Industrial and Commercial Vehicle end- markets ■ A AXALTA ■ Pricing concessions in Light Vehicle and unfavorable price and product mix in Performance Coatings drove lower net sales in North America and EMEA 1.5% unfavorable currency impact shows moderating impact versus prior two years#6#7#8#9#10#11#12#13#14#15#16

Download to PowerPoint

Download presentation as an editable powerpoint.

Related

ILPT Q2 2023 Financial Results image

ILPT Q2 2023 Financial Results

Industrials

Investor Presentation September 2023 image

Investor Presentation September 2023

Real Estate

Strategic Expansion in the Resilient Data Centre Segment image

Strategic Expansion in the Resilient Data Centre Segment

Real Estate

Economic Impact of NOS4A2 in Rhode Island image

Economic Impact of NOS4A2 in Rhode Island

Television & Film Industry

Strategic Entry into Japan's Data Centre Market image

Strategic Entry into Japan's Data Centre Market

Industrials

GIDC Gujarat Industrial Development image

GIDC Gujarat Industrial Development

Industrials

WF Hebei Wenfeng Industrial Co. Corporate Presentation image

WF Hebei Wenfeng Industrial Co. Corporate Presentation

Financial

Dadra & Nagar Haveli Industrial Policy Pitch image

Dadra & Nagar Haveli Industrial Policy Pitch

Financial