Q2 2016 Financial Results
Q2 Transportation Coatings Results
($ in millions)
Financial Performance
Light Vehicle
Commercial Vehicle
Net Sales
Adjusted EBITDA
% margin
$455
2016
Q2
AXALTA COATING SYSTEMS
344
89
433
2015
(1.5%) +0.8%
95
93
22.0% 20.5%
347
108
455
Net Sales Variance
Q2 2015 Volume Price
% Change
Incl. F/X Excl. F/X
(0.8%) 1.5%
(18.0%) (8.3%)
(4.9%) (0.7%)
2.0%
(4.2%)
(4.9%)
$433
FX Q2 2016
6
Commentary
Net sales pressured by Commercial
volumes
■
A
AXALTA
■
Strong volume growth in North America
and EMEA Light Vehicle, offset largely by
lower volumes in Latin America and Asia
Pacific
▪ Lower volumes in Commercial Vehicle
driven by heavy truck and other vehicle.
markets
▪ Modest increase in price for the segment
▪ 4.2% unfavorable currency translation
largely from emerging market exposures
Adjusted EBITDA margin up 150 bps
Adjusted EBITDA margin benefited from
price improvement and some additional
variable cost savingsView entire presentation