Albemarle Corporation · NYSE:ALB
Albemarle — Investor Presentation (September 2025)
37 slides from Albemarle's investor presentation, September 2025
Slide 1: Albemarle Investor Presentation
Albemarle Investor Presentation September 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, 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
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
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 +40% 5 5 2025 Y/Y 5 5 +27% +4% 2025 Y/Y 2025 Y
Slide 14: 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
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: 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
Slide 18: 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 19: Driving a Culture of Continuous Improvement and Productivity
Driving a Culture of Continuous Improvement and Productivity OPTIMIZING CONVERSION IMPROVING COSTS AND REDUCING CAPITAL ENHANCING FINANCIAL NETWORK EFFICIENCY EXPENDITURES FLEXIBILITY Initial Target (Q4 2024) Initial Target (Q4 2024) Initial Target (Q4 2024) Initial Target (Q4 2024) Target $300-$400
Slide 20: Achieved $400M High-End of Cost & Productivity Benefits
Achieved $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 reduction
Slide 21: 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 ▪
Slide 22: Expect to Achieve Positive FY 2025 Free Cash Flow
Expect to Achieve Positive FY 2025 Free Cash Flow 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 2. On-going working capital improvements, including
Slide 23: Our Actions Have Enhanced Financial Flexibility
Our Actions Have Enhanced Financial Flexibility1 Strong Liquidity Position Nov. 2025 Ample Flexibility to Repay or Extend Debt Maturities Eurobonds expected to be Long-term debt has weighted average repaid with cash interest rate of 3.6% (100% fixed) $1,807 on hand Cash & Cash $650 $600 Equivalents
Slide 24: 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 25: 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 26: 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 27: 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 28: 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 29: Maintaining Long-term Competitiveness
Strong operational execution, demonstrated by Q2 2025 results: Net sales of $1.3B; Adj. EBITDA1 of $336M; both up sequentially Maintaining FY 2025 total company outlook considerations and cash flow considerations; driving to positive free cash flow in 2025 Maintaining Long-term Continuing proactive
Slide 30: 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 31: 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
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Slide 33: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations
Slide 34: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures NON-GAAP MEASURE DESCRIPTION Adjusted Net Income Attributable to Net income after mandatory convertible preferred stock dividends before non-recurring, other unusual and non-operating pension and OPEB. Common Shareholders Adjusted Diluted EPS Attributable to Diluted
Slide 35: EBITDA and Adjusted EBITDA
EBITDA and Adjusted EBITDA hree onths nded Si onths nded une une o net o net o net o net in thousan s sales sales sales sales Net income (loss) attributable to Albemarle Corporation 22, 9 1. (1 ,19 ) (1 .2) 4,245 2. (1 5, 50) ( . ) Add back: Interest and financing expenses 49,9 9 . 5,1 2.5 9 ,91 4.1
Slide 36: Adjusted EBITDA supplemental
Adjusted EBITDA supplemental1 wel e onths in thousan s nded hree onths nded un un ar Dec Se Ad usted B DA E uity in net income of non Windfield oldings unconsolidated investments (net of tax) (22,5 0) ( ,49 ) (9, 00) (4,9 2) (1, 92) Dividends received from non Windfield oldings unconsolidated invest
Slide 37: www.albemarle.com
NYSE www.albemarle.com