Investor Presentaiton
Capital Structure and Credit Metrics Overview
Leverage Trends1
Interest Coverage (Adj. EBITDA)²
62.0%
60.5%
62.5%
60.7%
55.1%
48.5%
6.0x
5.9x
5.8x
3.6x
3.5x
5.1x
3.4x
5.1x
3.3x
3.0x
3.0x
2016
2017
2018
2019
2020
Q3 2021
-Net Debt / Total Capital
Net Debt / Adj. EBITDA
Cost of Debt³
4.1%
3.8% 3.8%
3.4%
2016
2017
6.7x
2018
2019
2020
Q3 2021
Debt Maturity Profile
2,032
First Lien Term Loan
(USD)
■Senior Unsecured Notes
(EUR)
■Senior Unsecured Notes
(USD)
690
520
493
3.1%
2016
2017
2018
2019
2020
2021 2022 2023 2024
2025
2026
2027 2028 2029
LONG-TERM NET LEVERAGE TARGET OF ~2.5X
1. Net debt / Total Capital = Total Debt - Cash / Total Capital & Net Debt / LTM Adj. EBITDA = Total Debt - Cash / LTM Adj. EBITDA 2. Interest Coverage
EBITDA / LTM Interest Expense 3. Cost of Debt = LTM Total Interest Expense / Total Debt less Leases and Other Borrowings.
= LTM Adj.
AXALTA COATING SYSTEMS
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