Albemarle Corporation · NYSE:ALB

Albemarle — Investor Presentation (November 2025)

40 slides from Albemarle's investor presentation, November 2025

  1. Slide 1: Albemarle Investor Presentation

    Albemarle Investor Presentation November 2025 © 2025 by Albemarle Corporation. All Rights Reserved. | 1 1

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation, conference call and discussions that follow contain 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 o

  3. Slide 3: Non-GAAP Measures

    Non-GAAP 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 pension and

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. Slide 10: Expanding Global Footprint – Strong Presence in Major Markets

    Expanding Global Footprint – Strong Presence in Major Markets1 Langelsheim, Germany P Twinsburg, Xinyu, OH, U.S. P 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

  11. Slide 11: New Operating Structure Drives Agility, Cost-Out & Long-Term Competitiveness

    New Operating Structure Drives Agility, Cost-Out & Long-Term Competitiveness Melissa Anderson Autumn Gagarinas Ander Krupa Cynthia Lima Chief Business Chief People and Workplace General Counsel, Corporate Chief External Affairs and Transformation Officer Transformation Officer Secretary and Chief Co

  12. 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

  13. Slide 13: 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 • Delivered proactive measures to re- • Re-phased capex

  14. Slide 14: Actions to Reduce Costs, Generate Cash Are Driving Positive Results

    Actions to Reduce Costs, Generate Cash Are Driving Positive Results Delivering Non-manufacturing Cost & Productivity Savings in Sharp Improvement in Cash Flow Generation; Expect to FY 2025; Demonstrated in Quarterly Results Generate $300-400M FCF in 2025 $0.1B SG&A & R&D Costs1 Free Cash Flow1 -$166

  15. Slide 15: Achieved $450M Cost & Productivity Benefits

    Achieved $450M Cost & Productivity Benefits, Surpassing High End of Previous Range Manufacturing Non-Manufacturing Establishing culture of Key levers Key levers continuous cost and productivity focus Cost reduction Operating structure Energy efficiency Fully functional model, Waste reduction designe

  16. Slide 16: Disciplined Capital Allocation to Maintain Core, Industry-Leading Assets & Resources

    Disciplined Capital Allocation to Maintain Core, Industry-Leading Assets & Resources Driving Capital Expenditures Down >$1B 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 

  17. Slide 17: Expect to Achieve Positive FY 2025 Free Cash Flow

    Expect to Achieve Positive FY 2025 Free Cash Flow1 Operating Cash Flow  FY 2025E operating cash conversion expected to be >80%, Conversion2 well above historical average2, driven by: 1. $350M customer prepayment in Energy Storage secured in January 108% 2. On-going working capital improvements, inc

  18. Slide 18: Disciplined Near-Term Capital Allocation Priorities

    Disciplined Near-Term Capital Allocation Priorities Estimates ~$2.0B Near-Term Priorities $1.9B • Financial Flexibility − Evaluating additional deleveraging and liability management ~($440M) opportunities for 2026 ~($100M) ~$660M ~$1.4B Cash • Common & Preferred Dividends Potential (final pref. divi

  19. Slide 19: Our Actions Have Enhanced Financial Flexibility

    Our Actions Have Enhanced Financial Flexibility1 Strong Liquidity Position Ample Flexibility to Repay or Extend Debt Maturities Nov. 2025 Eurobonds expected to be Long-term debt has weighted average repaid with cash interest rate of 3.6% (100% fixed) $1,932 on hand Cash & Cash $650 Equivalents $600

  20. Slide 20: Expected Lithium Demand Growth >2x (2024-2030)

    Expected Lithium Demand Growth >2x (2024-2030) Stationary Storage EV Lithium Demand Installations1 Market Penetration2 by Application2 (GWh) 2024-2030 (MMT LCE) 2024-2030 CAGR: 15-20% 2024-2030 2025 lithium demand range CAGR: 20-30% CAGR: 15-20% includes assumed impact of 970 54% 3.3 tariffs announc

  21. Slide 21: Lithium Demand for Stationary Storage to Increase ~2.5x by 2030

    Lithium Demand for Stationary Storage to Increase ~2.5x by 2030 to Support Energy Availability and Resilience Data center electricity demand ESS supports peak-demand, regulates grid Global Li-ion battery demand for stationary storage +105% Y/Y YTD expected to more than double by 2030 frequency and v

  22. Slide 22: YTD Global EV Demand Growth Remains Strong +30% Y/Y, Led by China and Europe

    YTD Global EV Demand Growth Remains Strong +30% Y/Y, Led by China and Europe Global EV Sales1 China EV Sales1 Europe EV Sales1 North America EV Sales1 20 (in millions) 20 20 20 60% 20% 10% 15 15 15 15 of Global of Global of Global 10 10 10 10 +30% 2025 Y/Y +30% 5 5 2025 Y/Y 5 5 +31% 12% 2025 Y/Y 202

  23. Slide 23: 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

  24. Slide 24: 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

  25. Slide 25: As Lower Pricing Persists, Demand is Expected to Outpace Supply

    As Lower Pricing Persists, Demand is Expected to Outpace Supply 2024-30E lithium demand1 CAGR 15-20% Surplus peaks as early as 2025 2024-30E price-constrained2 Li Supply/Demand YE Balance1 (%) Lithium lithium supply1 Surplus Price CAGR 10-12% Balance Confidence Interval: < $9/kg LCE pricing does not

  26. Slide 26: 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

  27. Slide 27: 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 

  28. Slide 28: 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

  29. Slide 29: 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

  30. Slide 30: 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

  31. Slide 31: Maintaining Long-term Competitiveness and Driving Cost Efficiencies

    Strong operational execution, demonstrated by Q3 2025 results; Net sales of $1.3B; Adj. EBITDA1 of $226M up Y/Y as cost and efficiency improvements offset lower lithium pricing Enhancing outlook considerations; FY 2025 trending towards higher-end of previous range; expect to achieve positive free ca

  32. Slide 32: 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

  33. Slide 33: 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

  34. Slide 34: Slide 34

  35. Slide 35: Appendix: Non-GAAP Reconciliations

    Appendix: Non-GAAP Reconciliations

  36. Slide 36: Definitions of Non-GAAP Measures

    Definitions of Non-GAAP Measures NON-GAAP MEASURE DESCRIPTION EBITDA Net income attributable to Albemarle Corporation before interest and financing expenses, income taxes, and depreciation and amortization. Adjusted EBITDA EBITDA before non-recurring, other unusual and non-operating pension and OPEB

  37. Slide 37: EBITDA and Adjusted EBITDA

    EBITDA and Adjusted EBITDA Nine Months Ended Year Ended September 30, December 31, 2025 2024 2024 % of net % of net % of net ($ in thousands) $ sales $ sales $ sales Net loss attributable to Albemarle Corporation $ (96,449) (2.6)% $ (1,254,742) (30.3)% $ (1,179,449) (21.9)% Add back: Interest and fi

  38. Slide 38: Adjusted EBITDA supplemental

    Adjusted EBITDA supplemental1 Twelve Months ($ in thousands) Ended Three Months Ended Sep 30, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Adjusted EBITDA $ 1,079,933 $ 225,630 $ 336,475 $ 267,144 $ 250,684 Equity in net income of non- Windfield Holdings unconsolidated investments (net o

  39. Slide 39: LTM SG&A & R&D Costs and LTM Free Cash Flow

    LTM SG&A & R&D Costs and LTM Free Cash Flow Twelve Months Ended March 31, June 30, September 30, December 31, March 31, June 30, September 30, ($ in thousands) 2024 2024 2024 2024 2025 2025 2025 SG&A & R&D Costs LTM Selling, general and administrative expenses ("SG&A") $ 950,608 $ 705,286 $ 676,008

  40. Slide 40: www.albemarle.com

    NYSE www.albemarle.com

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