Albemarle Corporation · NYSE:ALB
Albemarle — Investor Day (March 2017)
14 slides from Albemarle's investor day presentation, Mar 16, 2017
Slide 1: Albemarle Investor Day Appendix
Albemarle Investor Day Appendix March 16, 2017 Proprietary Information Proprietary of of Information Albemarle Corporation Albemarle Corporation.
Slide 2: Appendix: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations Proprietary Information Proprietary of of Information Albemarle Corporation Albemarle Corporation.
Slide 3: Net Income
Net Income Year Ended December 31, ($ in thousands) 2016 2015 Net income attributable to Albemarle Corporation $ 643,675 $ 334,906 Add back: Income from discontinued operations (net of tax) (202,131) (32,476) Earnings from continuing operations 441,544 302,430 Add back: Non-operating pension and OPE
Slide 4: EBITDA - Pro-forma
EBITDA - Pro-forma Year Ended December 31, ($ in thousands) 2016 2015 Net income attributable to Albemarle Corporation $ 643,675 $ 334,906 Add back: Income from discontinued operations (net of tax) (202,131) (32,476) Interest and financing expenses 65,181 81,650 Income tax expense 96,263 11,134 Depr
Slide 5: EBITDA - by Segment (twelve months ended Dec 31)
EBITDA - by Segment (twelve months ended Dec 31) Lithium and Reportable Advanced Bromine Refining Segments Consolidated ($ in thousands) Materials Specialties Solutions Total All Other Corporate Total Year ended December 31, 2016: Net income (loss) attributable to Albemarle Corporation $ 261,394 $ 1
Slide 6: EBITDA - Margin by Segment (twelve months ended Dec 31)
EBITDA - Margin by Segment (twelve months ended Dec 31) Lithium and Advanced Bromine Refining Reportable Consolidated ($ in thousands) Materials Specialties Solutions Segments Total All Other Total Year ended December 31, 2016: Net sales $ 968,216 $ 792,425 $ 732,137 $ 2,492,778 $ 180,988 $ 2,677,20
Slide 7: EBITDA and EBITDA Margin – Lithium & Adv. Materials
EBITDA and EBITDA Margin – Lithium & Adv. Materials (twelve months ended Dec 31) Total Lithium and Advanced ($ in thousands) Lithium PCS Materials Year ended December 31, 2016: Net income attributable to Albemarle Corporation $ 198,852 $ 62,542 $ 261,394 Depreciation and amortization 86,862 15,104 1
Slide 8: EBITDA - without restatement for subsequent acquisitions & divestitures
EBITDA - without restatement for subsequent acquisitions & divestitures Year Ended December 31, ($ in thousands) 2016 2015 2014 2013 Net income attributable to Albemarle Corporation $ 643,675 $ 334,906 $ 133,316 $ 413,171 Income from discontinued operations (net of tax) (202,131) — — — Interest and
Slide 9: EBITDA - Bromine Specialties
EBITDA - Bromine Specialties Year Ended December 31, 2009 2010 2011 2012 2013 2014 2015 2016 Bromine Specialties Net income attributable to Albemarle Corporation $ 51,986 $ 204,598 $ 309,153 $ 273,552 $ 217,230 $ 189,059 $ 186,474 $ 187,364 Depreciation and amortization n/a n/a n/a n/a n/a 35,917 36
Slide 10: EBITDA supplemental
EBITDA supplemental Twelve Months ($ in thousands) Ended Three Months Ended Dec 31, 2016 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Adjusted EBITDA $ 758,217 $ 187,384 $ 188,329 $ 190,471 $ 192,033 Net income attributable to noncontrolling interests 37,094 8,188 9,477 12,067 7,362 Adjusted
Slide 11: Diluted EPS
Diluted EPS Year Ended December 31, 2016 2015 Diluted earnings per share attributable to Albemarle Corporation $ 5.68 $ 3.00 Add back: Non-operating pension and OPEB items from continuing operations (net of tax) 0.16 (0.22) Non-recurring and other unusual items from continuing operations (net of tax
Slide 12: Free Cash Flow - without restatement for subsequent acquisitions & divestitures
Free Cash Flow - without restatement for subsequent acquisitions & divestitures Year Ended December 31, ($ in millions) 2016 2015 2014 2013 Net Cash from Operations $ 733 $ 361 $ 459 $ 433 Less: Capital Expenditures (197) (228) (111) (155) Add Back: Pension Contributions 20 22 14 13 Free Cash Flow1
Slide 13: Divested Businesses - Enterprise Value / Adjusted EBITDA Multiple
Divested Businesses - Enterprise Value / Adjusted EBITDA Multiple ($ in thousands) Metal Sulfides Minerals Chemetall Aggregate Net Proceeds $ 137,000 $ 187,000 $ 3,118,072 $ 3,442,072 Sale Date Jan. 4, 2016 Feb. 1, 2016 Dec. 17, 2016 N/A Last-Twelve Months (LTM) Adjusted EBITDA 18,031 19,436 214,335
Slide 14: www.albemarle.com
www.albemarle.com Proprietary Information of Albemarle Corporation 14