Axalta Coating Systems Q2 2017 Financial Results
Q2 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
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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
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✓ 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
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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
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