Note 3: Segment information
Decorative Paints
We provide decorative paints to both the professional and the do-it-yourself markets. We supply a variety of quality products for every situation and surface, including paints, lacquers and varnishes. We also offer a range of mixing machines and color concepts for the building and renovation industry.
The business units in the operating segment Decorative Paints are set up regionally, as the paints business is managed per region. Refer to Note 5 for a disaggregation of revenues per region.
Performance Coatings
We are a supplier of performance coatings that protect and enhance ships, cars, aircraft, yachts and architectural components (structural steel, building products, flooring), consumer goods (mobile devices, appliances, beverage cans, furniture) and oil and gas facilities. The business units in the operating segment Performance Coatings are set up per product/end market as the segment is managed based on product/end market combinations. Refer to Note 5 for a disaggregation of revenues per product/end market.
The tables in this Note include Alternative Performance Measures (APMs). Refer to Note 4 for further information on these APMs.
|
Revenue (third parties) |
Amortization and depreciation |
Operating income |
Identified items1 |
Adjusted operating income1 |
EBITDA1 |
Adjusted EBITDA1 |
ROS%1,2 |
OPI margin%1,2 |
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
In € millions |
2021 |
2022 |
2021 |
2022 |
20213 |
2022 |
20213 |
2022 |
20213 |
2022 |
20213 |
2022 |
20213 |
2022 |
20213 |
2022 |
20213 |
2022 |
||||||
Decorative Paints |
3,979 |
4,371 |
(154) |
(154) |
622 |
392 |
42 |
(5) |
580 |
397 |
776 |
546 |
727 |
552 |
14.6 |
9.1 |
15.6 |
9.0 |
||||||
Performance Coatings |
5,603 |
6,472 |
(160) |
(171) |
616 |
444 |
2 |
(49) |
614 |
493 |
776 |
615 |
773 |
664 |
11.0 |
7.6 |
11.0 |
6.9 |
||||||
Corporate and other |
5 |
3 |
(37) |
(43) |
(120) |
(128) |
(18) |
(27) |
(102) |
(101) |
(83) |
(85) |
(64) |
(59) |
|
|
|
|
||||||
Total |
9,587 |
10,846 |
(351) |
(368) |
1,118 |
708 |
26 |
(81) |
1,092 |
789 |
1,469 |
1,076 |
1,436 |
1,157 |
11.4 |
7.3 |
11.7 |
6.5 |
||||||
|
||||||||||||||||||||||||
|
Invested capital |
Total assets |
Total liabilities |
Capital expenditures1 |
ROI%1,2 |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
In € millions |
2021 |
2022 |
20213 |
2022 |
20213 |
2022 |
2021 |
2022 |
2021 |
2022 |
||||||
Decorative Paints |
3,022 |
3,604 |
5,591 |
5,890 |
1,862 |
1,581 |
108 |
91 |
20.2 |
10.8 |
||||||
Performance Coatings |
3,671 |
3,950 |
5,686 |
6,270 |
1,944 |
2,083 |
147 |
167 |
17.4 |
12.7 |
||||||
Corporate and other |
428 |
581 |
2,601 |
2,581 |
4,436 |
6,529 |
33 |
34 |
|
|
||||||
Total |
7,121 |
8,135 |
13,878 |
14,741 |
8,242 |
10,193 |
288 |
292 |
16.0 |
9.8 |
||||||
|
||||||||||||||||
|
Revenue by region of destination |
Intangible assets and property, plant and equipment |
Invested capital |
Capital expenditures |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
In € millions |
2021 |
2022 |
2021 |
2022 |
2021 |
2022 |
2021 |
2022 |
||
The Netherlands |
335 |
319 |
1,206 |
1,223 |
1,787 |
1,900 |
45 |
45 |
||
Other EMEA countries |
4,473 |
4,714 |
1,777 |
1,753 |
2,555 |
2,679 |
100 |
95 |
||
North Asia |
1,735 |
1,728 |
1,203 |
1,162 |
969 |
965 |
45 |
40 |
||
South Asia Pacific |
1,137 |
1,371 |
516 |
526 |
639 |
677 |
46 |
54 |
||
North America |
1,163 |
1,416 |
602 |
648 |
809 |
890 |
37 |
42 |
||
Latin America* |
744 |
1,298 |
186 |
728 |
362 |
1,024 |
15 |
16 |
||
Total |
9,587 |
10,846 |
5,490 |
6,040 |
7,121 |
8,135 |
288 |
292 |
||
|
||||||||||
AkzoNobel uses APM adjustments to the IFRS measures to provide supplementary information on the reporting of the underlying developments of the business. APM include, but are not limited to, adjusted operating income, (adjusted) EBITDA, adjusted earnings per share, ROS and ROI.