Q2 2016 Financial Results
Debt and Liquidity Summary
($ in millions)
Cash and Cash Equivalents
Debt:
Revolver ($400 million capacity)
First Lien Term Loan (USD)
First Lien Term Loan (EUR) (¹)
Senior Secured Notes (EUR) (1
Total Senior Secured Debt
Senior Unsecured Notes (USD)
Other Borrowings
Total Debt
Total Net Debt
LTM Adjusted EBITDA
Capitalization
Credit Statistics:
Total Net Leverage
(2)
AXALTA COATING SYSTEMS
@ 6/30/2016
$480
1,890
420
271
$2,581
737
36
$3,353
$2,873
$877
3.3x
Maturity
2018
2020
2020
2021
2021
5.6x
7
5.1x
5.0x
(1) Assumes exchange rate of $1.11 USD/Euro
(2) Indebtedness per balance sheet less cash & cash equivalents divided by LTM Q2 2016 Adjusted EBITDA
2013
4.6x
Net Leverage
4.5x
4.3x
4.1x
3.8x
2014
4.0x
3.7x 3.7x
3.4x
At Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
LBO
2015
A
AXALTA
3.5x
3.3x
2016View entire presentation