Q2 2021 Financial Results
Mobility Coatings Demand Environment
Light Vehicle
LV market recovery continues to be hindered by the semiconductor shortage;
estimated impact of ~7 million deferred builds in 2021
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Global LV production increased 48.6% YOY in Q2; forecasts call for a (4.5%)
decline for Q3 and a 6.9% increase for FY 2021 (revised down from 11.9% in
April)
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Axalta Net Sales outpaced the market in Q2 driven by performance in EMEA,
Latin America, and China Commercial Vehicle
Commercial Vehicle
The global truck market continues to recover with strong order intake in North
America and EMEA
Global CV production, excluding China, increased 72.5% YOY in Q2; forecasts
call for continued recovery with 20.1% and 26.4% increases for Q3 and FY
2021, respectively
Supply chain shortages have been more limited within CV versus LV, though
still impacted moderately
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