Albemarle Corporation · NYSE:ALB
Albemarle — Investor Presentation (June 2025)
45 slides from Albemarle's investor presentation, June 2025
Slide 1: Albemarle Investor Presentation
Albemarle Investor Presentation June 2025 © 2025 by Albemarle Corporation. All Rights Reserved. | 1 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains statements concerning our expectations, anticipations and beliefs regarding the future, which constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, wh
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures It should be noted that adjusted net income (loss) attributable to Albemarle Corporation, adjusted net income (loss) attributable to Albemarle Corporation common shareholders, adjusted diluted (loss) earnings per share attributable to common shareholders, non-operating pe
Slide 4: Albemarle leads the world in transforming essential resources
Albemarle leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. We are committed to building a more resilient world. 4
Slide 5: Leading the World in Transforming Essential Resources
Leading the World in Transforming Essential Resources FY 2024 Net Sales Albemarle by the Numbers1 Ketjen 19% Employees2 ~8,300 FY 2024 Net Sales $5.4B Customers ~1,900 FY 2024 Adj. EBITDA Margin3 ~21% Albemarle Energy Albemarle Storage Countries ~70 Production & R&D Facilities +25 Specialties 56% 25
Slide 6: Albemarle's Strategic Framework
Albemarle’s Strategic Framework Albemarle leads the world in transforming essential resources into the critical ingredients for modern living with people and planet in mind. Defining Our Performance Ambition Lead with Impact Purpose-Driven Growth Partner of Choice Stakeholder Value Providing Essenti
Slide 7: A Leading Provider of Lithium, Bromine and Other Essential Elements
A Leading Provider of Lithium, Bromine and Other Essential Elements MOBILITY ENERGY CONNECTIVITY HEALTH Advancing the future of Powering the energy Enabling an always-on Improving quality of life by movement by being a transition to meet the rising world to make technology making health safer and le
Slide 8: Harnessing Our Resilient Competitive Strengths to Navigate Market Conditions
Harnessing Our Resilient Competitive Strengths to Navigate Market Conditions ▪ Diverse global portfolio of world-class resources, with vertical integration World-Class Resources ▪ Access to multiple large-scale, high-grade lithium and bromine resources ▪ Deep technical and operational know-how to tr
Slide 9: Our Values
Care Curiosity Collaboration We improve the safety We continuously We work together, and support the well- learn and are value each other and Our Values being and resilience of our communities, comfortable taking informed risks to encourage diverse thought to drive better employees and innovate. out
Slide 10: Expanding Global Footprint – Strong Presence in Major Markets
Expanding Global Footprint – Strong Presence in Major Markets1 Langelsheim, Germany P Twinsburg, P Xinyu, OH, U.S. Kings Mountain, China P R New Johnsonville, NC, U.S. P TN, U.S. P P Meishan, Silver Peak, Baton Rouge, China P R P NV, U.S. P LA, U.S. P Qinzhou, Taichung, Magnolia, China P Taiwan P R
Slide 11: New Operating Structure Drives Agility, Cost-Out & Long-Term Competitiveness
New Operating Structure Drives Agility, Cost-Out & Long-Term Competitiveness Melissa Anderson Netha Johnson Ander Krupa Cynthia Lima Chief People and Chief Operations Officer Interim General Counsel, Chief External Affairs and Transformation Officer Corporate Secretary and Chief Communications Offic
Slide 12: Engaged, Accountable Board of Directors
Engaged, Accountable Board of Directors C Racial Identification1 Hispanic White 10% 70% Kent Masters Jerry Steiner Laurie Brlas Ralf Cramer Glenda Minor Black Chairman & CEO, Former EVP, Sustainability Former EVP & CFO, Former President and Former SVP & CFO, 20% Albemarle & Corporate Affairs, Newmon
Slide 13: 2025 Global EV Demand Growth Off to a Strong Start
2025 Global EV Demand Growth Off to a Strong Start +34% Y/Y, Led by China Global EV Sales1 China EV Sales1 Europe EV Sales1 North America EV Sales1 (in millions) 20 20 20 20 60% 20% 10% 15 15 15 15 of Global of Global of Global 10 +34% 10 10 10 2025 Y/Y +41% 5 5 2025 Y/Y 5 +19% 5 +17% 2025 Y/Y 2025
Slide 14: Expected Lithium Demand Growth >2x (2024-2030)
Expected Lithium Demand Growth >2x (2024-2030) Stationary Storage EV Lithium Demand 2025 lithium demand range includes assumed impact of Installations1 Market Penetration2 by Application2 (GWh) 2024-2030 (MMT LCE) tariffs announced to date. 2024-2030 CAGR: 15-20% 2024-2030 Continuing to monitor near
Slide 15: Energy Transition Continues – EV Share of Vehicle Production by Region
Energy Transition Continues – EV Share of Vehicle Production by Region1 Global EV Penetration China EV Penetration Europe EV Penetration North America EV Penetration 70% 55% 90% 80% 100% 2030E BEV as 2030E BEV as 2030E BEV as 2030E BEV as 80% % Total EV2 % Total EV2 80% % Total EV2 % Total EV2 67% 6
Slide 16: Higher Long-Term Lithium Pricing Required to Meet 2030E Demand
Higher Long-Term Lithium Pricing Required to Meet 2030E Demand >$20/kg LCE 2030E Supply 3.0 MMT LCE @ $15/kg LCE $13/kg LCE Cost1 2030E Demand 2.5 - 3.3 MMT LCE Cumulative Supply (kT LCE) Stronger long-term prices required to support the necessary >2x supply growth2 by 2030 1 Albemarle analysis AISC
Slide 17: Broad Set of Actions Underway to Maintain our Long-term Competitive Position
Broad Set of Actions Underway to Maintain our Long-term Competitive Position Optimizing Improving Reducing Enhancing Conversion Network Costs and Efficiency Capital Expenditures Financial Flexibility Actions • Significantly reduced footprint at • Announced proactive measures to • Re-phased capex to
Slide 18: On Track to Realize $400M High-End of Cost & Productivity Benefits
On Track to Realize $400M High-End of Cost & Productivity Benefits Manufacturing Non-Manufacturing Cost Opportunity Cost Opportunity Establishing culture of Key levers Key levers continuous cost and productivity focus Cost reduction Operating structure Energy efficiency Fully functional model, Waste
Slide 19: Disciplined Capital Allocation to Maintain Core, Industry-Leading Assets & Resources
Disciplined Capital Allocation to Maintain Core, Industry-Leading Assets & Resources Driving Capital Expenditures Down >$800M Y/Y ▪ Further optimization of FY 2025E capital $2.5 Other Growth expenditures after detailed project review Conversion Growth $2.1B Resources $2.0 Sustaining and Productivity
Slide 20: Strong Focus on Cash Improvements Yielding Results
Strong Focus on Cash Improvements Yielding Results Operating Cash Flow ▪ FY 2025E operating cash conversion expected to be >80%, Conversion1 well above historical average1, driven by: 1. $350M customer prepayment in Energy Storage secured in January 204%* 2. Ongoing working capital improvements, inc
Slide 21: Our Financial and Operational Actions Have Provided the Flexibility
Our Financial and Operational Actions Have Provided the Flexibility to Navigate Dynamic Business Conditions Capital Structure1 Total Liquidity: $3.1B1 $106 Other Credit Lines Total Debt ▪ ~$1.5B of cash & cash equivalents1 $3,539 ▪ Full commercial paper capacity available for liquidity ($1.5B) $1,50
Slide 22: Values-Led, Purpose-Driven
Values-Led, Purpose-Driven Initiated decarbonization roadmap Supporting our customers’ sustainability goals As a values-led organization, sustainability is foundational to how Promoting the resiliency of our communities we choose to operate. The initiatives outlined in this report speak to our purpo
Slide 23: Double Materiality Assessment
Double Materiality The topics identified through this assessment as most Assessment important to our business and stakeholders include: How sustainability issues impact our Energy, Greenhouse Gas (GHG) Emissions and Climate business and how our business Natural Resource Responsible Water Management
Slide 24: Recognition of Our Commitment to Sustainability
Recognition of Our Commitment to Sustainability Albemarle received several prestigious awards in 2024: ▪ Nine American Chemical Council Responsible Care® Awards ▪ Newsweek’s list of America’s Most Responsible Companies ▪ TIME World’s Best Companies, America’s Best Mid-Size Companies ▪ Fortune 500 ▪
Slide 25: Developing a Long-Term Strategy to Reduce GHG Emissions
Developing a Long-Term Strategy to Reduce GHG Emissions 2030E GHG Inventory Hot Spot Intervention Note: The connections between the hot spots and interventions are based on technology insights, but the relative size of the streams will depend on technology readiness and affordability. Current sizes
Slide 26: Powering Our Operations with Renewable Electricity
Powering Our Operations with Renewable Electricity In 2024 the primary increases in renewable electricity included: Albemarle Total Purchased Renewable Electricity 30% Kings Mountain, NC, U.S. 100% 25% Xinyu, 24% Silver Peak, China NV, U.S. 60% 100% 20% Qinzhou, China 16% 15% 84% 10% 5% La Negra, Ch
Slide 27: Supporting Customer Goals Through Product Carbon Footprints (PCFs)
Supporting Customer Goals Through Product Carbon Footprints (PCFs) Externally verified: PCF for LHM* Externally verified: produced at Xinyu site Joint PCF study for PCF for LHM* brine-based lithium PCF for a flame at Qinzhou site carbonate retardant produced in Magnolia Additional PCFs for Joint PCF
Slide 28: Promoting the Resilience of Our Communities
Promoting the Resilience of Our Communities We operate and engage with communities aligned to industry best practice standards Chile Australia United States Completed a Human Rights Assessment Developed an Acknowledgement of Initiated a voluntary Impact Assessment at at our Salar de Atacama site Cou
Slide 29: Current Environmental Targets and Progress: GHG and Water
Current Environmental Targets and Progress: GHG and Water Our Progress Toward Our Publicly Stated Environmental Goals Goal Status Progress Grow our Energy Storage business in a scope 1 and 2 carbon Ramping plants to full capacity; Ahead intensity-neutral manner through 2030 (2019 baseline) renewable
Slide 30: Maintaining Long-term Competitiveness
Solid operational execution, demonstrated by Q1 2025 results: Net sales of $1.1B; Adj. EBITDA1 of $267M, with Y/Y gains in Specialties +30% and Ketjen +76% Maintaining FY 2025 total company outlook considerations and cash flow considerations; driving to breakeven free cash flow in 2025 Maintaining L
Slide 31: Attractive Diversification Across the Portfolio
Attractive Diversification Across the Portfolio Energy Storage Specialties Ketjen One of the world’s largest producers of lithium for Diverse portfolio of highly specialized A leader in refining and petrochemical catalysts battery applications – including electric vehicles lithium and bromine soluti
Slide 32: Leader in Lithium Processes
Leader in Lithium Processes Continuous improvement through optimization, efficiency, technology advancements Resource Extraction Lithium Conversion Lithium Products Battery and Technical Grade Hard Rock 6% Li2O Concentrate Lithium Hydroxide 0.5- 2.5% Li2O Xinyu, Qinzhou, Kemerton, Mines Meishan Gree
Slide 33: Industry-Leading Technology Innovations from Mine to Market
Industry-Leading Technology Innovations from Mine to Market Resource and Conversion Battery Materials Customer Alignment ▪ Maximizing recovery at the ▪ Developing differentiated ▪ Breakthrough OEM wellhead, pond, and lithium for safer, higher opportunities for >50% more conversion stage, +>70 ktpa p
Slide 34: Access to Highly Concentrated Bromine
Access to Highly Concentrated Bromine Bromine Concentration2 (ppm) Dead Sea Concentrate Arkansas India Concentrate Albemarle operates from two world-class bromine China resources: Seawater 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 Arkansas, U.S. Highly integrated and specialty focused - drives
Slide 35: Albemarle's Lithium Products Contribute Directly to the Global Clean Energy Transition
Albemarle’s Lithium Products Contribute Directly to the Global Clean Energy Transition Life Cycle Avoided Contributes less than 4% of GHG Emissions Lithium’s Contribution an BEVs total production (Avg BEV Sedan, Based on 2023 Global Electric Grid) to GHG Emissions emissions from BEV Production (CO2e
Slide 36: Energy Storage Ahead of 2030 Target
Energy Storage Ahead of 2030 Target FY 2024 Accomplishments: ▪ Ahead of 2030 target due to increased procured Energy Storage GHG Intensity (kg CO2e / kg product) renewable electricity and operational efficiencies ▪ Salar de Atacama, La Negra, Kings Mountain target threshold and Silver Peak operated
Slide 37: Specialties on Track for Absolute 2030 Target
Specialties on Track for Absolute 2030 Target FY 2024 Accomplishments: Specialties GHG Emissions ▪ On track to meet 2030 target on an Sl+S2 emissions absolute basis ▪ Emissions declined year-over-year, 357 kt CO2e 100% Relative intensity primarily driven by carbon-free 307 92% procurement at Magnoli
Slide 38: Ketjen on Track for Absolute 2030 Target
Ketjen on Track for Absolute 2030 Target Ketjen GHG Emissions FY 2024 Accomplishments: Sl+S2 emissions ▪ Scope 1 and 2 emissions remain on kt CO2e target on an absolute basis 341 100% 99% Relative intensity ▪ Improved natural gas efficiency and the use of renewable energy certificates 281 drove 8% r
Slide 39: 2030 Water Target Remains On Track
2030 Water Target Remains Chile: On Track 2030 target has been met with 46% overall reduction in freshwater use intensity compared to 2019 baseline Freshwater Intensity in Chile and Jordan ▪ Progress made by further optimizing La Negra and completing the first year of continuous operation under the
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Slide 41: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations
Slide 42: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures NON-GAAP MEASURE DESCRIPTION Adjusted Net Income Net income attributable to Albemarle Corporation before non-recurring, other unusual and non-operating pension and OPEB. Adjusted Diluted EPS Diluted EPS before non-recurring, other unusual and non-operating pension an
Slide 43: EBITDA and Adjusted EBITDA
EBITDA and Adjusted EBITDA (a) Operating cash flow conversion is defined as Net cash provided by operating activities divided by adjusted EBITDA. See above for a reconciliation of EBITDA and adjusted EBITDA, the non-GAAP financial measures, to Net income attributable to Albemarle Corporation, the mo
Slide 44: Adjusted EBITDA supplemental
Adjusted EBITDA supplemental1 1 This supplemental is for net-debt-to-adjusted EBITDA ratio based on the bank covenant definition. 44
Slide 45: www.albemarle.com
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