Investor Presentaiton
Resilient Financial Performance
($M)
Net Sales
CAGR 2.3%1
Adj. EBITDA & Margin
Adj. EPS
($M)
$4,696
CAGR 0.5%1
CAGR 1.0%
$4,482
$4,377
$4,435
$1.80
$902 $885
$937 $939
$1.75
$1.70
$885
$4,093
$760
$3,738
$864
$1.33
$3,968
22%
21%
20% 20%
20% 20%
2016 2017 2018 2019 2020 2021E
Represents Pro Forma Net Sales ex Venezuela and China
Powder JV
■ 2021E: Continued sales volume recovery although
hampered by supply constraints including
semiconductor chip and other supply shortages
coupled with pricing actions as well as M&A
contribution
2020: Pandemic impacts included 42% net sales
reduction in Q2 YoY; 2H bounce-back was strong
2016 2017 2018 2019 2020 2021E
Represents Pro Forma Adj. EBITDA ex Venezuela and China
Powder JV
■ Stable EBITDA margin driven by Axalta Way; culture
of cost discipline
■ 2021E: Increase from sales volume, pricing actions,
and M&A contribution, partly offset by absence of
temporary savings and raw material inflation
■ 2020: Pandemic impact primarily in 1H; 2H recovery
driven by both volume rebound and aggressive cost
management
Note: 2021E reflects mid-point of guidance range for Net Sales, Adj. EBITDA and Adj. EPS
1. Calculated from 2016 Pro-Forma Net Sales baseline ex Venezuela and China Powder JV which was sold in 2019
2018
2019
2020
2021E
■ 2021E: Demonstration of earnings power with stronger
volume, improved price/mix to offset raw material
inflation, and continued focus on cost structure"
2020: EPS pressured in 1H due to pandemic; 2H
results were stronger year-over-year and record levels
aided by cost management actions
AXALTA COATING SYSTEMS
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