Q2 2021 Financial Results slide image

Q2 2021 Financial Results

Debt and Liquidity Summary Capitalization ($ in millions) Cash and Cash Equivalents Debt: Interest Variable Variable Revolver ($550 million capacity) (1) First Lien Term Loan (USD) Total Senior Secured Debt Senior Unsecured Notes (EUR) (3) Senior Unsecured Notes (USD) Senior Unsecured Notes (USD) Finance Leases Other Borrowings Total Debt Total Net Debt (4) LTM Adjusted EBITDA (5) Total Net Leverage Interest Coverage Ratio (6) (1) $516 million available on our undrawn revolver net of letters of credit (2) Maturity will be accelerated to 2024 in certain circumstances as set forth in Amendment No. 10 Fixed Fixed Fixed $ @ 6/30/2021 1,231 LA LA (3) Assumes exchange rate of $1.1906 USD/Euro (4) Total Net Debt = Total Debt minus Cash and Cash Equivalents (5) Total Net Leverage = Total Net Debt / LTM Adjusted EBITDA (6) Interest Coverage Ratio = LTM Adjusted EBITDA / LTM Interest Expense 2,037 2,037 531 493 690 63 40 3,854 2,623 992 2.6x 6.9x Maturity 20262 2024 2025 2027 2029 I I Commentary Net leverage of 2.6x at June 30, 2021 improved from 3.2x at March 31, 2021 Over $1.7 billion in available liquidity at June 30, 2021 Increased revolving credit facility capacity to $550 million from $400 million in May 2021 Weighted average cost of debt of 3.08% at June 30, 2021 12 A AXALTA
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