The strength of our business lies in the global scope of our operations, the diversity of our customers and the variety of our products.

Axalta reported net sales of $4.4 billion in 2017, an increase from $4.1 billion in 2015. This reported growth was driven primarily by acquisitions, though it was also heavily influenced in 2015 and 2016 by foreign currency translation headwinds. Excluding these foreign exchange impacts, constant currency net sales would have been around $4.9 billion in 2017, including substantial volume growth in most of our core end-markets. Adjusted EBITDA was similarly impacted, with reported results relatively flat but significantly impacted by currency headwinds, as well as recession in Latin America during 2015 and 2016.

Cash from Operations has been fairly robust through the 2015 to 2017 period, reflecting the strong margin profile and core cash flow of our businesses. Finally, our regional net sales split has adjusted slightly over time, with the Latin America recessions impacting that region, and growth in North America coming from nearly all end-markets. Asia Pacific continues to grow as Axalta invests in new products and incremental capacity in China and broadens our geographic diversity within the region.

Goal

Achieve mid-single digit growth year-over-year in net sales over time organically, or approximately 10 percent growth including mergers and acquisitions with accompanying double-digit growth in adjusted EBITDA.

Goal

Deliver on opportunities to sell sustainable products with reduced environmental impact in emerging markets.

Our goals are addressed as part of our global corporate strategy and planning. Axalta provides quarterly updates on our business progress and financial performance on the Investors page of our website. More information on products that meet our customers’ sustainability goals can be found in the Technology section of this report.

Adjusted EBITDA

$USD in Millions
Adjusted EBITDA

Net Sales By Segment

$USD in Millions
Net Sales By Segment

Sales by Region

$USD in Millions
Sales by Region

The Axalta Way

The activities of all our employees and businesses are driven by The Axalta Way, our focused approach to business growth and productivity. The Axalta Way drives profitability by improving efficiency and identifying growth opportunities, driving us toward world-class productivity. This approach touches all sides of our business, from our commercial processes to our operations and supply chain to our sales teams. Since the introduction of The Axalta Way in 2015, we have achieved $200 million in savings by identifying opportunities to improve efficiency, such as improved use of technology or reduced manufacturing complexity.

200 Million In Savings with the Axalta Way

These achievements would not be possible without our employees’ commitment to following The Axalta Way. We encourage our employees to identify and implement Axalta Way projects every day. The Axalta Way awards recognize employees who make significant contributions to cost savings, productivity and efficiency around the world.

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