Q2 2016 Financial Results
Q2 Performance Coatings Results
($ in millions)
Refinish
Industrial
Net Sales
Financial Performance
Adjusted EBITDA
% margin
$639
+5.9%
Q2
AXALTA COATING SYSTEMS
2016 2015
449
183
632
157
162
24.9% 25.4%
Net Sales Variance
+1.9%
Q2 2015 Volume Price
% Change
Incl. F/X Excl. F/X
460
179
639 (1.0%)
(3.0%)
(2.5%) 9.3%
2.6%
3.7%
7.8%
(8.8%) (1.0%)
$632
FX Q2 2016
5
Commentary
Solid net sales led by Refinish
volumes
A
AXALTA
Strong volume growth in Refinish across all
regions; Industrial growth driven by EMEA.
and Asia Pacific
Price increases in Refinish in most regions
▪ 8.8% unfavorable currency impact
principally from Latin America
I
Adjusted EBITDA margin remains
very strong
Adjusted EBITDA margin slightly below Q2
2015 but remains strong, benefiting from
increased volumes, favorable price
realization, and some ongoing variable
margin benefits, offset by currency
translation impact and increased operating
expense to support growthView entire presentation