Q2 2021 Financial Results
Full Year 2021 Assumptions
Macroeconomic Assumptions
Global GDP growth of ~5.0% for Q3 2021 and
~5.8% for FY 2021
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Global industrial production growth of -6.3%
for Q3 2021 and ~7.1% for FY 2021
. Global truck production increase of -20.1% for
Q3 2021 and ~26.4% for FY 2021, excluding
China
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Global auto build change expected to be at
~(4.5%) for Q3 2021 and ~6.9% for FY 2021
Significant raw material inflation since
December 2020 as downstream chemicals
demand surged with supply imbalances as
well as outages from Weather events (Winter
Storm Uri) and severe logistical bottlenecks
Expect the inflationary raw material trend to
persist into 2H before starting to soften first in
solvents and monomers
Currency
US$ per Euro
Chinese Yuan per US$
US$ per British Pound
Brazilian Real per US$
Mexican Peso per US$
US$ per Canadian
Dollar
Indian Rupee per US$
Other
Currency Assumptions
2020 % Axalta
Net Sales
-28%
~9%
-3%
-3%
~2%
~2%
~1%
-53%
2020 Average
Rate
1.14
6.90
1.28
5.15
21.46
0.75
74.13
ΝΑ
2021 Average
Rate
Assumption
1.21
6.43
1.40
5.25
20.08
0.81
73.30
ΝΑ
USD % Impact of
FX Rate Change
6.1%
6.8%
9.4%
(1.9%)
6.4%
8.0%
1.1%
0.4%
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