Slide 1: Q4 & Full Year 2017 Financial Results
Exhibit 99.2 Q4 & Full Year 2017 Financial Results February 6, 2018
Slide 2: Legal Notices
Legal Notices Forward-Looking Statements This presentation and the oral remarks made in connection herewith may contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including those relating to 2018 financial projections, including net
Slide 3: Q4 & Full Year 2017 Highlights
Q4 & Full Year 2017 Highlights ▪ Q4 2017 financial results ✓ Net sales of $1,164.8 million up 13.4%, driven by acquisition growth of 8.6% year-over- year ✓ Net loss (attributable to Axalta) of $61.5 million versus $37.2 million net loss in Q4 2016 ✓ Adjusted net income of $90.2 million versus $70.5
Slide 4: Q4 & Full Year 2017 Highlights (cont.)
Q4 & Full Year 2017 Highlights (cont.) ▪ Balance sheet & cash flow highlights ✓ Operating cash flow of $540.0 million in 2017 versus $559.3 million in 2016 ✓ Free cash flow of $415.0 million in 2017 versus $423.1 million in 2016 ✓ Net leverage ratio reduced 0.2x in Q4 2017 to 3.6x from Q3 2017, prim
Slide 5: Q4 Consolidated Results
Q4 Consolidated Results Financial Performance Commentary Q4 % Change Net sales growth driven by acquisitions, ($ in millions) 2017 2016 Incl. F/X Excl. F/X positive organic volumes across most regional end-markets Performance 732 607 20.7% 16.5% Transportation 433 421 2.8% 0.2% ▪ Acquisitions provid
Slide 6: Q4 Performance Coatings Results
Q4 Performance Coatings Results Financial Performance Commentary Q4 % Change Strong net sales growth led by ($ in millions) 2017 2016 Incl. F/X Excl. F/X acquisition contribution and positive Refinish 440 420 4.7% 0.6% price contribution, Industrial organic Industrial 292 186 56.8% 52.8% growth Net
Slide 7: Q4 Transportation Coatings Results
Q4 Transportation Coatings Results Financial Performance Commentary Q4 % Change Net sales led by robust Commercial ($ in millions) 2017 2016 Incl. F/X Excl. F/X Vehicle growth Light Vehicle 339 343 (1.2%) (3.8%) ▪ Commercial Vehicle strong growth Commercial Vehicle 94 78 20.4% 17.4% across all regio
Slide 8: FY Consolidated Results
FY Consolidated Results Financial Performance Commentary FY % Change Solid net sales growth from Industrial ($ in millions) 2017 2016 Incl. F/X Excl. F/X and Commercial Vehicle markets Performance 2,675 2,399 11.5% 11.2% ▪ Strong net sales growth in Industrial Transportation 1,678 1,670 0.4% (0.1%)
Slide 9: Debt and Liquidity Summary
Debt and Liquidity Summary Capitalization Comments ($ in millions) @ 12/31/2017 Maturity Cash and Cash Equivalents $770 ▪ Leverage ratio improvement compared to Q3 2017 due to… Debt: Revolver ($400 million capacity) - 2021 ✓ Cash build in the quarter First Lien Term Loan (USD) 1,939 2024 ✓ Improved
Slide 10: Full Year 2018 Guidance
Full Year 2018 Guidance ($ millions) 2017A 2018E Comments ▪ Net sales growth includes incremental M&A Net Sales +7.0% ~8-9% contribution of ~3% from completed transactions in 2017 Net Sales, ex FX +6.6% ~6-7% ▪ Adjusted EBITDA contribution driven by Adjusted EBITDA $885 $940-980 volume, price, acqui
Slide 11: Appendix
Appendix AXALTA COATING SYSTEMS
Slide 12: Full Year 2018 Assumptions
Full Year 2018 Assumptions Macroeconomic Assumptions Currency Assumptions ▪ Global GDP growth of 2017 2018 Average USD % Impact 2017 Average approximately 3.2% Currency % Axalta Rate Rate of F/X Rate Net Sales Assumption Change ▪ Global industrial production growth of approximately US$ per Euro ~28%
Slide 13: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation ($ in millions) FY 2017 FY 2016 Q4 2017 Q4 2016 Net Income (loss) $48 $45 (56) (35) Interest Expense, net 147 178 38 37 Provision for Income Taxes 142 38 120 15 Depreciation & Amortization 347 322 92 87 Reported EBITDA $684 $583 $194 $104 A Debt extinguishment and refi
Slide 14: Adjusted EBITDA Reconciliation (cont'd)
Adjusted EBITDA Reconciliation (cont’d) A. During FY 2017, Q4 2016 and FY 2016 we refinanced our indebtedness, resulting in losses of $13 million, $10 million and $88 million, respectively. During Q4 2017, FY 2017, Q4 2016 and FY 2016 we prepaid outstanding principal on our term loans, resulting in
Slide 15: Adjusted Net Income Reconciliation
Adjusted Net Income Reconciliation ($ in millions) FY 2017 FY 2016 Q4 2017 Q4 2016 Net Income (loss) $48 $45 (56) (35) Less: Net income attributable to noncontrolling interests 11 6 6 2 Net income (loss) attributable to controlling interests 37 39 (62) (37) A Debt extinguishment and refinancing rela
Slide 16: Adjusted Net Income Reconciliation (cont'd)
Adjusted Net Income Reconciliation (cont’d) A. During FY 2017 and Q4 2016 and FY 2016 we refinanced our indebtedness, resulting in losses of $13 million, $10 million and $88 million, respectively. During Q4 2017, FY 2017, Q4 2016 and FY 2016 we prepaid outstanding principal on our term loans, result
Slide 17: Thank you
Thank you Investor Relations Contact: Chris Mecray Christopher.Mecray@axaltacs.com 215-255-7970