Investor Presentaiton
Q3 2021 Consolidated Results
Financial Performance
% Change
14.1 %
(10.1)%
Excl. F/X
($ in millions, except
Q3
per share data)
2021
2020
Incl. F/X
Performance Coatings
779
683
Mobility Coatings
309
344
Net Sales
1,089
1,027
6.0 %
12.9 %
(11.6)%
4.7 %
Income (loss) from ops
125
142
(12.0)%
Adjusted EBIT
146
210
(30.6)%
% margin
13.4 %
20.4 %
Diluted EPS
Adjusted EPS
0.30
0.35
(14.3)%
0.39
0.59
(33.9)%
$1,027
(1.6)%
Net Sales Variance
4.5%
1.3%
1.8%
6.0%
$1,089
Commentary
Net sales increased from price-mix tailwinds and M&A
contribution; strong volume outside of Light Vehicle
Q3 net sales YOY growth across all end-markets except
Light Vehicle
Three of four end-markets show volume growth; Light
Vehicle impacted by supply chain shortages
Pricing actions benefited all end-markets
Initial M&A contribution from recently closed acquisitions
FX tailwind driven by the Renminbi, Euro, and Pound
YOY Adjusted EBIT reduction for the third quarter
Headwinds from lower Mobility volumes, raw material
inflation, absence of temporary savings, and higher
logistics costs, offset partly by pricing actions
Q3 2020 Volume
Price/Mix
FX
Acq.
Q3 2021
AXALTA COATING SYSTEMS
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