Investor Presentaiton
Q3 2021
Mobility Coatings Results
Financial Performance
Q3
($ in millions)
2021
2020
Incl. F/X
Light Vehicle
235
276
Commercial Vehicle
74
68
(14.8)%
9.0 %
Net Sales
309
344
Adjusted EBIT
(3)
49
(10.1)%
(105.6)%
(16.5)%
8.2 %
(11.6)%
% margin
(0.9)%
14.1 %
Net Sales Variance
(15.2)%
$344
3.6%
1.5%
% Change
Excl. F/X
(10.1)%
$309
Commentary
Net sales reduction despite pricing actions as
volumes were hindered by supply shortages
Axalta volumes largely aligned with reductions in Light
Vehicle global builds, offset partly by modest increases
in Commercial Vehicle volumes
Price-mix improvement driven largely by indexing and
price increases in Light Vehicle and Commercial Vehicle
FX tailwind driven by the Renminbi, Euro, and Real
Supply shortages and raw material inflation drove
YOY reduction in Adjusted EBIT, offset partly by
pricing actions
Adjusted EBIT reduction from supply shortages, raw
material inflation, and absence of temporary savings,
offset partly by pricing actions
Q3 2020
Volume
Price/Mix
FX
Q3 2021
AXALTA COATING SYSTEMS
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