Albemarle Corporation · NYSE:ALB
Albemarle — Investor Day (September 2015)
79 slides from Albemarle's investor day presentation, Sep 15, 2015
Slide 1: Lithium Day
Exhibit 99.1 Lithium Day A deep dive into Albemarle’s lithium business September 2015
Slide 2: Today's Participants
Today’s Participants Scott Tozier Senior Vice President & Albemarle Corporate Overview Chief Financial Officer Luke Kissam Performance Chemicals Overview President & Chief Executive Officer David Klanecky Energy Storage Applications – Market Dynamic & Growth Potential Vice President, Energy Solution
Slide 3: Forward-looking Statements
Forward-looking Statements Some of the information presented in this presentation and the conference call and discussions that follow, including, without limitation, statements with respect to the transaction with Rockwood and the anticipated consequences and benefits of the transaction, product dev
Slide 4: 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, adjusted effective income tax rates, segment operating profit, segment income, EBITDA, adjusted EBITDA, adjusted EBITDA by operati
Slide 5: Corporate Overview
Corporate Overview Scott Tozier Senior Vice President & Chief Financial Officer
Slide 6: Leadership Across Attractive Growth Segments
Leadership Across Attractive Growth Segments Performance Chemicals Chemetall Surface Refining Solutions Lithium Bromine PCS2 Treatment Global Ranking #1 #1/2 #1/2 #1/2 #2 TTM 2Q 2015 $483 $824 $326 $797 $816 Sales (1) $200 $238 $93 $219 $193 Adj. EBITDA (1) 41% 29% 29% 28% 24% % Margin 2.0x – 3.0x ~
Slide 7: 2015 Commitments
2015 Commitments Synergies of $50M in 2015 & $100M in 2016 with costs to achieve of $250M - $275M (including acquisition costs) Divest non-core assets Refinance Rockwood 2020s Adjusted Free Cash Flow* of $450-$550M Adjusted EPS* of $3.65 to $4.05 *Non-GAAP measure. See non-GAAP reconciliations in Ap
Slide 8: Synergies Exceeding Expectations – Approaching $120M in 2016
Synergies Exceeding Expectations – Approaching $120M in 2016 • Corporate Costs 2015 Sources » Estimated savings ~$45M in 2016 » Actions already taken will result in ~$35M in 2016 • Executive consolidation Corporate • Insurance policy renegotiations Costs Assets & • Assets & Manufacturing Manufacturi
Slide 9: Clear Path to Deleverage with Strong Free Cash Flow
Clear Path to Deleverage with Strong Free Cash Flow • Expect to reach target Net-Debt-to-Adjusted EBITDA FreeCashFlow1 $600M -$900M leverage of ~2.5x between Q3 2017 and year end 2018 • FCF Key Assumptions and Impacts: $550M - $650M » Tax rate of ~27% $450M -$550M ~$50 Acq. Taxes ~$50-75 Acq. Costs
Slide 10: Divest Non-core Assets to Focus on Core Growth
Divest Non-core Assets to Focus on Core Growth • Robust & differentiated portfolio of mineral flame • The three businesses in aggregate retardants – products used in wire and cable, electronic generated revenue of about $550M and and electrical components and non-FRs product used adjusted EBITDA of
Slide 11: Refinance Rockwood 2020s
Refinance Rockwood 2020s Existing and pro forma capitalization ($ millions) Sources Uses Cash $43 Refinance existing 4.625% senior notes $1,250 New 364-day Term Loan A 300 Call premium $43 New 5-year Term Loan A 950 Total $1,293 Total $1,293 Note: excludes fees and expenses Existing and pro forma ca
Slide 12: Reaffirming Full Year 2015 Guidance
Reaffirming Full Year 2015 Guidance Initial Updated Division Business Environment Outlook Outlook Refining Heavy Oil Upgrading • Volume growth on increased transportation fuel demand and new Solutions business. Secured 100% of business subject to commercial trials in 1H of year with multi-year contr
Slide 13: On Track to Meet our 2015 Commitments
On Track to Meet our 2015 Commitments Synergies of $50MM in 2015 & $100M in 2016 with costs to achieve of $250M - $275M (including acquisition costs) Divest non-core assets Refinance Rockwood 2020s Adjusted Free Cash Flow of $450-$550M Adjusted EPS of $3.65 to $4.05 13
Slide 14: Performance Chemicals
Performance Chemicals Luke Kissam President & Chief Executive Officer
Slide 15: Performance Chemicals Growing in All Three Businesses
Performance Chemicals Growing in All Three Businesses Segment Adjusted EBITDA Growth Current Outlook 30.0% 25.0% 20.0% 15.0% Driven by volume growth in battery 10.0% grade products, increased pricing 5.0% Lithium 0.0% in battery grade and other lithium -5.0% -10.0% products and the impact of the -15
Slide 16: Performance Chemicals Leadership Team
Performance Chemicals Leadership Team Business Key Functional Excellence Country Leaders Heads John Mitchell Dr. Ron Zumstein Ahmad Khalifeh Performance 24yrs Manufacturing 28yrs JBC GM 36yrs Materials Dr. David Klanecky Dr. Dave Clary Stephen Elgueta Energy Solutions 22yrs Research & 30yrs Chile GM
Slide 17: Lithium Vision and Strategy
Lithium Vision and Strategy Our Vision To extend our position as the leading lithium company in the world Our Strategy Customers / Markets • Maintain share in historical core markets • Capture 50% of incremental growth in energy storage market Supply • Security of supply of low-cost, high quality Li
Slide 18: Lithium – Historical Financial Performance
Lithium – Historical Financial Performance $M Net Sales $M Adjusted EBITDA $500 $200 44% $450 42% $175 40% $400 38% $350 $150 36% $300 34% $125 $250 32% $100 30% $200 2009 2010 2011 2012 2013 2014 2015* 2009 2010 2011 2012 2013 2014 2015** Adj. EBITDA % Margin * LTM from Q2 2015 2015 Performance Dri
Slide 19: Mega-Trends Driving Lithium Growth
Mega-Trends Driving Lithium Growth • Miniaturization of electronic devices • Extended range of electronic devices • High-power electronic devices • Exponential growth of transportation • Renewable energy concepts • Smart grid & energy storage • Less energy and water • Fewer chemicals & simpler proce
Slide 20: Potential Lithium Demand Delivers Significant Upside
Potential Lithium Demand Delivers Significant Upside Source: Rockwood Lithium estimates and market surveys from BCG, Bloomberg, Avicenne, Roland Berger, Pike Research, Frauenhofer IST, Deutsche Bank Research, McKinsey, CTI, Anderman, JD Powers Albemarle expects to capture 50% of lithium growth 20
Slide 21: Breadth of Albemarle Product Portfolio Leads to #1 Overall Position
Breadth of Albemarle Product Portfolio Leads to #1 Overall Position 2014 Growth Application Market Products Rate Size • Spodumene Glass/Ceramics 46KT GDP • Li 2CO 3 Greases / Lubricants 18KT GDP • LiOH • Li Organometallics fed by Li Chemical Synthesis 11KT GDP Metal LiCl Portable Electronics & Other
Slide 22: Core Messages
Core Messages Albemarle is the leader in lithium, one of the highest growth markets in the 1 specialty chemicals industry Our unique natural resource position, derivatization capabilities and 2 technology leadership allow Albemarle to execute its growth strategy We can sustain the Albemarle advantag
Slide 23: Energy Storage Applications – Market Dynamic & Growth Potential
Energy Storage Applications – Market Dynamic & Growth Potential David Klanecky Vice President, Energy Solutions
Slide 24: Without Li-Ion Batteries, There Would be No…
Without Li-Ion Batteries, There Would be No… Smartphones | Tablets | Laptops | xEV’s | Wearables 1992 2003 2007 2008 2015 & Beyond 1st Mass Cell phones iPhone Tesla Power tools & Produced Li- become debuts debuts its wearables create Ion Battery mainstream Roadster additional Cell demand for Li-ion
Slide 25: Mass Uptake in Battery Markets
Mass Uptake in Battery Markets Previously, there was one Replicating Success major industry investing in batteries…. Consumer Electronics Transportation Energy Storage Consumer Devices 8 - 10% CAGR 20 - 30% CAGR >30% CAGR >15% CAGR Source for projected CAGRs: Signumbox, 2015 “We are at a dawn of a n
Slide 26: Li-Ion Battery Market Has Yet to Reach Maturity
Li-Ion Battery Market Has Yet to Reach Maturity and Continues to Find New Applications 26
Slide 27: Lithium Requirements Across End-use Applications
Lithium Requirements Across End-use Applications 2014 Sales Li Content per Unit 2014 Total Li Content Projected CAGR (M Units) (LCE Basis) (LCE Basis) (2014 – 2024) Smartphone 1,200 5 – 7 grams 8,400 MT Tablet 260 20 – 30 grams 7,800 MT 8-10% Notebook 170 35 – 45 grams 7,650 MT Power Tools 65 40 – 6
Slide 28: Transportation Contributing to Li-Ion Battery Growth
Transportation Contributing to Li-Ion Battery Growth Electric Vehicle Sales (US) – All OEMs Battery Type PHEV EV HEV 70,000 140,000 1,400,000 Nissan 60,000 120,000 1,200,000 Tesla 10% GM 50,000 100,000 1,000,000 CAGR Ford 40,000 86% 80,000 46% 800,000 Toyota CAGR CAGR 30,000 60,000 600,000 Other 20,
Slide 29: Consumer Electronics & Devices Contributing to Li-Ion Battery Growth
Consumer Electronics & Devices Contributing to Li-Ion Battery Growth Consumer Electronics & Devices MWh LIB Market, by Application 100000 Others • 7.7 billion mobile phones/tablets in use Power Tools 80000 Household Toys • 1 smartphone for every 4.5 people on the 60000 MPS Video Games planet Digital
Slide 30: Renewable Energy Storage Contributing to Li-Ion Battery Growth
Renewable Energy Storage Contributing to Li-Ion Battery Growth Stationary Energy Storage $B Revenues by Technology $3.00 Over the next 15 years, ~$1.4 trillion of future US infrastructure will be underutilized $2.50 without storage $2.00 Renewable Energy Growth (2013 – 2020) $1.50 $1.00 $0.50 Wind:
Slide 31: Li-Ion Battery Growth Accelerated with Industry Leaders
Li-Ion Battery Growth Accelerated with Industry Leaders 31
Slide 32: Transportation is Potential Game Changer, but Renewable Storage Also Has High Potential
Transportation is Potential Game Changer, but Renewable Storage also has High Potential Battery LCE Long-term KT Demand Outlook Base case scenario: 16% CAGR 250 Transportation (PHEV/HEV/EV/2-wheelers) Consumer • Fast-growing market for hybrids and electric vehicles driven by regulations/targets on C
Slide 33: Strategic Investments to Meet Market Demand
Strategic Investments to Meet Market Demand Battery Grade Li 2CO3 Plant Planned Battery Grade Li Derivative Plant • Located in La Negra, Chile • Will be the most technologically advanced mineral conversion plant ever built • 20kT battery grade lithium carbonate • Up to 50kT battery grade lithium • P
Slide 34: Lithium Organometallics – An Important Specialty Business
Lithium Organometallics – An Important Specialty Business Raphael Crawford Vice President, Synthesis & Polymers Solutions
Slide 35: The New Albemarle is a Clear Market Leader in Organometallics Chemistry
The New Albemarle is a Clear Market Leader in Organometallics Chemistry from the Combination of the Lithium and Aluminum Franchises • Organometallics is a quality business for Albemarle, delivering growth with great EBITDA margins • We now have expanded sales coverage for major synthetic rubber prod
Slide 36: Lithium Organometallics are Highly Valuable Tools in Organic Synthesis and Specialty Polymer Production
Albemarle’s Lithium Organometallics are Highly Valuable Tools in Organic Synthesis and Specialty Polymer Production Lithium organometallics are both highly predictable as well as efficient in specific application uses Synthetic Rubber Raw Materials & Intermediates Pharma Actives • time • surface are
Slide 37: Growing Consumerism and Regulation Trends Drive Lithium Organometallics Demand
Growing Consumerism as well as Trends in Regulation, Sustainability and Healthcare Drive End-market Lithium Organometallics Demand Macro-Drivers Population Growth and Rise of Middle Class Albemarle Lithium Organometallics • India and China driving consumerism • Play a vital role in solving these • P
Slide 38: Synthetic Rubbers are a Growing End-use Market for Lithium Organometallic Polymer Initiators
Synthetic Rubbers are a Growing End-use Market for Albemarle’s Lithium Organometallic Polymer Initiators Key starting material in high-performance synthetic rubber and aligned with new tire specs Growing global population and middle class drives higher consumption of rubber goods: • Tires/tubes • As
Slide 39: Lithium Organometallics for Synthesis is a High-touch, Pipeline-driven Business
Like Albemarle’s Polyolefin Catalysts, Lithium Organometallics for Synthesis is a High-touch, Pipeline-driven Business Polyolefin Catalysts Pharma API & AgChem & Components Synthesis Application Custom catalyst products for specialty Proven tools for multiple high-value resin applications synthetic
Slide 40: Lithium Organometallic Sites Strategically Located Close to End-markets
The Albemarle Lithium Organometallic Sites are Strategically Located Close to Important End-markets Langelsheim, DE: Butyllithium New Johnsonville, TN: Lithium Specialties Lithium Specialties Frankfurt, DE: R&D Taichung, TW: Butyllithium Li Organometallics Al Organometallics Additionally, Albemarle’
Slide 41: Combining Lithium-based and Aluminum-based Organometallics Gives Unique Position
Combining Lithium-based and Aluminum-based Organometallics Gives Albemarle a Unique, Advantaged Position in the Industry Only Producer with Al & Li Chemistry Portfolio Polymers • Overlapping polymer end-markets for synthetic rubber and elastomer applications • Already enhancing customer relationship
Slide 42: Lithium Organometallics Business Best Positioned to Outpace the Competition
The Albemarle Lithium Organometallics Business is in the Best Position to Outpace the Competition in the Short and Long Term • Most extensive global manufacturing and sales presence in organometallics • Extensive pipeline of agriculture and pharma synthesis projects • Back-integrated, lowest-cost po
Slide 43: Albemarle's Global Position in Lithium
Albemarle’s Global Position in Lithium John Mitchell Vice President, Performance Materials
Slide 44: Leadership in Lithium due to Albemarle's Unique Position
Leadership in Lithium due to Albemarle’s Unique Position Leading Natural Resources Extensive Derivative Capability Process Innovation Expertise Strength of Supply Chain Reliability Low Cost Position 44
Slide 45: Leader in High Quality Diversified Natural Resources
Leader in High Quality Diversified Natural Resources Brine Hard Rock Minerals LCE Mined in 2014 160,000 MT Others 1% Chinese 13% Talison 31% FMC 13% 2014 Brine 2014 Spodumene LCE Production Share LCE Production Share Others SQM Albemarle Chinese & Others 1% 22% 20% 9% Chinese SQM 21% 36% FMC 21% 98k
Slide 46: Two World-class Lithium Brine Resources Operated by Albemarle
Two World-class Lithium Brine Resources Operated by Albemarle Salar de Atacama, Chile Silver Peak, Nevada, U.S.A. • Largest active lithium brine • First operational brine resource resource globally globally • Highest LiCl concentration • Only U.S. operational lithium brine source • Highest evaporati
Slide 47: Two World-class Lithium Brine Resources in Development
Two World-class Lithium Brine Resources in Development Magnolia, Arkansas U.S.A. Salares 7, Atacama Chile • Unique to only Albemarle • Early stage exploration project • By-product brine from bromine • Part of Talison joint venture operation • Positive results for lithium and • Ability to leverage in
Slide 48: Two World-class Hardrock Resources Globally Owned by Albemarle
Two World-class Hardrock Resources Globally Owned by Albemarle Greenbushes, Australia Kings Mountain, NC, U.S.A. • Large reserve – 50 year mine life • Large reserve 380 kT LCE • Scale advantage – largest active • Second best ore quality globally: 1.8 - 2.0% Li2O • Best ore quality globally: 2.8 – 3.
Slide 49: Albemarle's Brine Resources are Geographically Well-positioned
Albemarle’s Brine Resources are Geographically Well- positioned (Chile & USA) China • Various Salars Brine US US Chemistry Issues Silver Peak, NV Magnolia, AR • Weather Risk Albemarle Albemarle • Infrastructure Challenges Low Concentration Source linked to Bromine Plant Chile Argentina Salar de Atac
Slide 50: Albemarle's Hardrock Mining Resources are Geographically Well-positioned
Albemarle’s Hardrock Mining Resources are Geographically Well-positioned (Australia & USA) US North Carolina China Albemarle Mine Various Small Mines Currently Inactive 21% of Total Production Australia Greenbushes Mine 78% Total Production Zimbabwe Bikita Mine 1% Global Production Natural Resource
Slide 51: Albemarle Resources – High Concentration and Much More
Albemarle Resources – High Concentration and Much More ppm Lithium Concentrate in Brine 2000 • Chemical composition 1600 • Hydrogeology 1200 800 • Climate 400 • Infrastructure 0 Atacama Silver Peak (ALB Li) Other Brine Sources (ALB Li & SQM) • Utility requirements % Li 2O Concentration in Hardrock 4
Slide 52: Example: Resource Competitiveness Assessment
Example: Resource Competitiveness Assessment Resource Size Scale of Mine Climate Energy Intensity / Availability Chemistry Fresh Water Intensity / Availability Infrastructure / Location Country Risk Tailings Management Atacama, Chile Argentina Natural Resource Position 52
Slide 53: Lithium Resource Projects in Development
Lithium Resource Projects in Development Company Project status • xx Albemarle Pilot Plant Orocobre Li 2CO 3 Market Production (started 2007) 2015-2016 Lithium Americas Pilot plant Galaxy Resources Feasibility ADY Resources Feasibility Rodinia Feasibility Critical Elements Exploration Corporation Li
Slide 54: Lithium Resource Development is Not Easy and Takes Time
Lithium Resource Development is Not Easy and Takes Time Plant Exploration Feasibility Pilot Design Construction Production Simbol Bankrupt Brine Canada Lithium Bankrupt Spodumene Galaxy Mt Cattlin Closed Spodumene Albemarle Magnolia Ready for plant design Brine Lithium Americas Brine $120 million sp
Slide 55: Ability to Produce Value-added Lithium Derivatives is Unmatched
Ability to Produce Value-added Lithium Derivatives is Unmatched Li- Li-tri Chromate Li-Acetylide (t-butoxy)- alanate Phenyl- LDA Li-Tetra- Life-Science Products lithium Li- borate Alanate Battery Products LHS Methyl- LiBOB lithium Li- Li- Li- Other Products Hydride Amide Silicate Butyl- Li- lithium
Slide 56: Unmatched Vertical Integration from Natural Resource to Lithium Specialty
Unmatched Vertical Integration from Natural Resource to Lithium Specialty Albemarle SQM FMC Tianqi Ganfeng Operating Brine Resource Operating Hardrock Resource Spodumene TG Lithium Carbonate TG/BG Lithium Hydroxide TG Lithium Hydroxide BG Lithium Chloride Li Metal Bulk Li Metal Battery Products Buty
Slide 57: Leading Process Innovation & Expertise
Leading Process Innovation & Expertise Brine Battery Grade Lithium Carbonate Expansion • Significant quality improvement • Significant yield advantage Hard Rock Battery Grade Lithium Salts • Projected lower cost vs. carbonate route Lower Cost • Aligns resource strength to value-added derivative • Pr
Slide 58: Proven Lithium Engineering…Only Further Enhanced
Proven Lithium Engineering…Only Further Enhanced Successful Projects Projects in Start-up 2005 2008 2012 2015 2015 SQM SQM Albemarle Orocobre Albemarle 6kT Expansion 5kT 17kT 20kT TG LiOH 12kT BG LiOH Argentina Brine BG Li 2CO 3 TG Li 2CO 3 2014 Canada Li CLOSED 20kT Bankrupt Li2CO3 2014 Galaxy Jian
Slide 59: Global Supply Chain Strength For Battery Markets
Global Supply Chain Strength For Battery Markets LG Samsung Emerging Battery Growth Market Foxconn Langelsheim, Germany Tesla 35 GWh LG Frankfurt, Germany Panasonic Kings Mountain, NC, USA Silver Peak, NV, USA BYD Established Battery Growth Market Salar de Atacama, Chile LaNegra, Chile Greenbushes,
Slide 60: Manufacturing Excellence in Lithium for over 100 years
Manufacturing Excellence in Lithium for over 100 years Our People… • The world’s lithium experts Our Culture… • Safety above all • We care about the communities we work in Our Execution Focus… • Low cost • High quality • Most reliable Supply Chain Reliability 60
Slide 61: Cost Advantage Continues to be Extended
Cost Advantage Continues to be Extended Li Carbonate Cost Curve 2020 Li Hydroxide Cost Curve 2020 Co-market cost leader: Albemarle Market cost leader: Albemarle Capacity Capacity • Best lithium resources globally Why? • Superior derivative process technology • Scale & supply chain advantage Cost Lea
Slide 62: Leadership in Lithium due to Albemarle's Unique Position
Leadership in Lithium due to Albemarle’s Unique Position Leading Natural Resources • Diverse, large and high quality natural resources • Geographically situated in low-risk environments with good infrastructure • Large scale for excellent economics Extensive Derivative Capability • Broad value-added
Slide 63: Albemarle Lithium Core Strengths Translated to Value
Albemarle Lithium Core Strengths Translated to Value Strengths Value • Natural Resource Management • Cost Leadership • Process Innovation • Premium Quality Products • Project Execution Experience • Security of Supply • Supply Chain Strength • Long-term Sustainable Partnership • Manufacturing Excelle
Slide 64: Closing
Closing MN ALBEMARLE
Slide 65: Core Messages
Core Messages Albemarle is the leader in lithium, one of the highest growth markets in the 1 specialty chemicals industry Our unique natural resource position, derivatization capabilities and 2 technology leadership allow Albemarle to execute its growth strategy We can sustain the Albemarle advantag
Slide 66: Our Expectations
Our Expectations • World class Health, Safety & Environmental performance • Double-digit earnings growth • Maintain historical EBITDA margin MT • Results-oriented, people-focused organization • Continued leadership positions in incumbent markets with market share expansion in Energy Storage 66
Slide 67: Appendix: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations
Slide 68: 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, adjusted effective income tax rates, segment operating profit, segment income, EBITDA, adjusted EBITDA, adjusted EBITDA by operati
Slide 69: Net Income and EBITDA
Net Income and EBITDA ($ in thousands) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net income attributable to Albemarle Corporation $ 52,147 $ 22,447 $ 95,262 $ 79,030 Add back: Non-operating pension and OPEB items (net of tax) (862) (855) (3,089) 8,089 Special items (n
Slide 70: EBITDA Supplemental
EBITDA Supplemental ($ in thousands) Chemetall Performance Refining Surface Chemicals Solutions Treatment All Other Corporate Total Three months ended June 30, 2015 (Actual): Net income (loss) attributable to Albemarle Corporation $ 83,016 39,717 26,254 $ 3,612 (100,452 $ 52,147 Depreciation and amo
Slide 71: EBITDA Supplemental
EBITDA Supplemental ($ in thousands) Chemetall Performance Refining Surface Chemicals Solutions Treatment All Other Corporate Total Three months ended June 30, 2014 (Pro forma): Net income (loss) attributable to Albemarle Corporation 94,304 58,703 41,193 $ 24,253 (149,269 $ 69,184 Depreciation and a
Slide 72: EBITDA Supplemental
EBITDA Supplemental ($ in thousands) Chemetall Performance Refining Surface Chemicals Solutions Treatment All Other Corporate Total Six months ended June 30, 2015 (Actual): Net income (loss) attributable to Albemarle Corporation $ 154,679 73,800 37,109 9,027 (179,353) 95,262 Depreciation and amortiz
Slide 73: EBITDA Supplemental
EBITDA Supplemental ($ in thousands) Chemetall Performance Refining Surface Chemicals Solutions Treatment All Other Corporate Total Six months ended June 30, 2014 (Pro forma): Net income (loss) attributable to Albemarle Corporation 185,907 $ 111,057 $ 79,917 47,557 $ (319,517) 104,921 Depreciation a
Slide 74: EBITDA Supplemental
EBITDA Supplemental ($ in thousands) Total Performance Bromine Lithium PCS Chemicals Three months ended June 30, 2015 (Actual): Net income (loss) attributable to Albemarle Corporation 60,486 $ (213) $ 22,743 $ 83,016 Depreciation and amortization 8,211 20,035 3,597 31,843 Special items — 33,823 — 33
Slide 75: EBITDA Supplemental
EBITDA Supplemental ($ in thousands) Total Performance Bromine Lithium PCS Chemicals Six months ended June 30, 2015 (Actual): Net income (loss) attributable to Albemarle Corporation $ 104,958 $ 3,715 $ 46,006 154,679 Depreciation and amortization 16,672 38,103 7,351 62,126 Special items — 62,405 — 6
Slide 76: EBITDA Supplemental
EBITDA Supplemental Twelve Months Ended Three Months Ended 30-Jun-15 30-Jun-15 March 31, 2015 December 31, 2014 September 30, 2014 Adjusted EBITDA 957,409 230,081 265,628 225,500 236,200 Net income attributable to to noncontrolling interests 24,259 7,219 4,034 4,460 8,546 Equity in net income of unc
Slide 77: Diluted EPS
Diluted EPS Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Diluted earnings per share $ 0.46 $ 0.28 $ 0.86 $ 0.99 Non-operating pension and OPEB items (0.01) (0.01 ) (0.03 ) 0.10 Special items 0.39 0.07 1.18 0.21 Discontinued operations — 0.76 — 0.78 Adjusted Diluted earni
Slide 78: Equity Income and Minority Interest
Equity Income and Minority Interest Q1 Q2 Equity Minority Equity Minority Income Interest Income Interest Performance Chemicals* 1,765 (4,034) (625) (7,219) Refining Solutions 5,012 - 3,658 - Chemetall 1,291 - 650 - All Other 2,324 - 2,111 - Corporate - - - - 10,392 (4,034) 5,794 (7,219) * Includes
Slide 79: www.albemarle.com
NYSE www.albemarle.com