Refinish Business Review
Mobility Business Review
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◉
MARGIN IMPROVEMENT SUPPORTED BY PENT UP DEMAND AND MARKET RECOVERY
LIGHT VEHICLE
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11% price-mix growth year-over-year; 5%
sequential growth
Volume growth of 20% surpassing improvement in
global auto production of ~2%
Robust multi year outlook; expecting continued
improvement in 2023 due to pent up demand
New business wins anticipated to continue to show
above market volume growth through 2023
95
90
85
80
75
70
2016-2025 GLOBAL LV BUILDS (1)
(Builds in millions)
Ill
...
2016 2017 2018 2019 2020 2021 2022 2023E 2024E 2025E
COMMERCIAL VEHICLE
14% year-over-year and 2% sequential price-mix
growth
850
800
Q4 year-over-year volume growth of 14% outpaced
Industry driven by strong demand in Americas and
Western Europe
750
700
650
"
Demand outlook remains robust supported by North
America backlogs;
600
550
Medium Duty: ~3 months
500
Heavy Duty: ~9 months
2016-2025 HDT BUILDS - CLASS 8(2)
(Builds in thousands)
all.lul
2016 2017 2018 2019 2020 2021 2022 2023E 2024E 2025E
(1) Source: S&P Global industry forecasts
(2) Global Class 8 builds ex. Eastern Europe and Asia-Pacific due to limited Axalta exposure; Source: LMC industry forecasts
0
9
A
AXALTAView entire presentation