Albemarle Corporation · NYSE:ALB
Albemarle — Oppenheimer Virtual Fireside Chat (November 2021)
14 slides from Albemarle's conference presentation, Nov 8, 2021
Slide 1: Oppenheimer Virtual Fireside Chat
Oppenheimer Virtual Fireside Chat Eric Norris – President, Lithium Glen Merfeld – Chief Technology Officer, Lithium November 8, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements – Some of the information presented in this presentation, the conference call and discussions that follow, including, without limitation, statements with respect to product development, market trends, price, expected growth and earnings, demand for our products, capital pr
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures It should be noted that adjusted net income attributable to Albemarle Corporation (“adjusted earnings”), adjusted diluted earnings per share attributable to Albemarle Corporation, adjusted effective income tax rates, segment operating profit, segment income, pro-forma net
Slide 4: Diverse Portfolio Generating Significant Cash
Diverse Portfolio Generating Significant Cash Business Overview Global ~5,900 Employees1 Lithium Bromine Specialties Catalysts Countries1 ~75 Dividend 27th consecutive year Increases ~40% ~35% ~25% of Net Sales5 of Net Sales5 of Net Sales5 Financial Highlights2 Net Sales $3.3B Net Income3 $212M A gl
Slide 5: Progressing Conversion Capacity Expansions
Progressing Conversion Capacity Expansions Agreement to Acquire Guangxi Tianyuan New Energy Materials: Australia/Asia Resource & Conversion ▪ Conversion plant designed to produce 25ktpa LCE (Qinzhou) ▪ Potential to expand up to 50ktpa JV Chengdu ▪ In commissioning; commercial production expected H1
Slide 6: Global Project Pipeline Offers Diversity, Scale & Optionality
Global Project Pipeline Offers Diversity, Scale & Optionality 2021 2022 2023 2024 2025 2026 Jordan • Expansion supports ability to leverage growing Tetrabrom V markets for electronics, telecom, automotive Chile • Salar Yield Improvement project supports La Negra’s Salar Yield growth with improved ef
Slide 7: Developing Novel Materials to Enable Next-Generation Battery Performance
Developing Novel Materials to Enable Next-Generation Battery Performance Legacy Advanced Next Generation Established Technologies in Use (Current) New Technologies in Commercialization (~2020-2025) New Technologies in Development (2025+) e.g., LFP and higher cobalt chemistries e.g., NMC 622, NMC811
Slide 8: Battery Materials Innovation Center at Kings Mountain
Battery Materials Innovation Center at Phase I Phase II Phase III Kings Mountain Material Discovery Synthesis Methods & Integrated Cell & Performance Isolated Component Performance Validation Characterization Evaluation Advanced Energy Storage Materials 1. Accelerate Material Development 2. Design f
Slide 9: Well-positioned to Remain a Leader as Growth Accelerates
Well-positioned to Remain a Leader as Growth Accelerates TTM Q3 2021 20% $1.3B $463M 35% Net Sales Adj. EBITDA1 Adj. EBITDA Margin1 20% 60% GBU Characteristics Business Environment ▪ Large, world-class resource base; vertically integrated ▪ Volume growth driven by energy storage Net Sales by Applica
Slide 10: Appendix
Appendix Non-GAAP Reconciliations
Slide 11: 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. Pro-forma Adjusted Net Income Net income attributable to Albemarle Corporation before non-recurri
Slide 12: Adjusted EBITDA (twelve months ended)
Adjusted EBITDA (twelve months ended) 12 See above for a reconciliation of adjusted EBITDA on a segment basis, the non-GAAP financial measures, to Net income attributable to Albemarle 12 Corporation (“earnings”), the most directly comparable financial measure calculated and reporting in accordance w
Slide 13: EBITDA – by Segment (twelve months ended)
EBITDA – by Segment (twelve months ended) 13 See above for a reconciliation of adjusted EBITDA on a segment basis, the non-GAAP financial measures, to Net income attributable to Albemarle 13 Corporation (“earnings”), the most directly comparable financial measure calculated and reporting in accordan
Slide 14: www.albemarle.com
NYSE www.albemarle.com A\ALBEMARLE’
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