Albemarle Corporation · NYSE:ALB
Albemarle — Investor Day (May 2026)
41 slides from Albemarle's investor day presentation, May 21, 2026
Slide 1: Financial Modeling Deep Dive
Financial Modeling Deep Dive M AY 2 1 , 2 0 2 6
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
Slide 3: Non-GAAP Measures
Non-GAAP Measures It should be noted that certain figures herein, which may include 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 commo
Slide 4: Neal Sheorey, Meredith Bandy, Isaac Price
Neal Sheorey Meredith Bandy, CFA Isaac Price EVP & Chief Financial Officer VP, Investor Relations & Sustainability Senior Manager, Investor Relations 4
Slide 5: Table of Contents
SPECIALTIES Overview 01 Global Footprint Resources, Processes and Products Contracts Financials ENERGY STORAGE TABLE OF Overview Global Footprint 02 Resources, Processes and Products CONTENTS Contracts Financials CORPORATE Non-manufacturing Costs 03 Corporate and JVs Balanc
Slide 6: Specialties
& SPECIALTIES \ Albemarle’ | «
Slide 7: Specialties Business Overview
S P E C I A LT I E S Business Overview FY 2025 Net Sales Breakdown Bromine & 30% Derivatives 30% APAC 35% 40% Product Fire Safety Sales EMEA Segment Solutions Region1 Americas Lithium Specialties 35% 30% 1Customer headquarters region FY 2025 Results $1,366M $276M 20% Net Sales Adjusted EBITDA Adj. E
Slide 8: Global Operations
S P E C I A LT I E S Global Operations Langelsheim, Germany New Johnsonville, Kings Mountain, TN, U.S. NC, U.S. P Magnolia, Baton Rouge, P AR, U.S. LA, U.S. Taichung, Taiwan JBC, Jordan JV P P Resource Derivatives Research and Development JV Joint Venture Lithium Specialties Fire Safety Solutions Br
Slide 9: Operating Site Overview
S P E C I A LT I E S Operating Site Overview Site Name Location Asset Type Product Segment Major Products Resource/ Bromine & Derivatives, Flame Retardants, Clear Brine Fluids, Elemental Magnolia Arkansas, US Derivatives Fire Safety Solutions Bromine, Other Bromine Derivatives JBC Resource/ Bromine
Slide 10: Albemarle Operates Two World-class Bromine Resources
S P E C I A LT I E S Albemarle Operates Two World-class Bromine Resources Item1,2 Units JBC Magnolia3 Albemarle Specialties benefits from Reserve Life Years 31 44 access to highly concentrated MT Br2 330 2.7 bromine resources with multi- Mineral Resource decade reserve lives mg/L Br 5,037 2,919 MT B
Slide 11: Leader in Bromine Processes
S P E C I A LT I E S Leader in Bromine Processes Continuous improvement through optimization, efficiency, technology advancements Resource Bromine Key Bromine Derivatization Products Extraction Plant JBC, Magnolia Br JBC, Magnolia, Baton Rouge Oilfield Brine Elemental Bromine Smackover, Arkansas Cle
Slide 12: A Wide Variety of Products Serving Diverse End Markets
S P E C I A LT I E S A Wide Variety of Products Serving Diverse End Markets Major Products Key End Markets Pharmaceuticals Elemental Bromine Bromine & Derivatives Semiconductors HBr Specialties (~35% of 2025 Sales) Tires Bromine Clear Brine Fluids Oil and Gas Automotive Fire Safety Solutions Bromina
Slide 13: Primarily Long-term Strategic Contracts
Bromine Lithium S P E C I A LT I E S Specialties Specialties 20-30% of bromine portfolio tracks the Typically priced on multi-year contracts Primarily Long-term Sunsirs China bromine index for pricing Strategic Contracts Primarily China spot markets Most products follow Contract pricing is typically
Slide 14: Projects in Progress to Drive Margin Improvements
S P E C I A LT I E S Projects in Progress to Drive Margin GDP-plus long-range Improvements market growth Specialties margins have averaged 20%-25% historically $299 $225 - $275 $276 $229 Projects underway to improve Specialties margins 20% 20% New product innovation 17% High- and commercialization t
Slide 15: Energy Storage
Y ENERGY STORAGE \ Albemarle’ | 15
Slide 16: Energy Storage Business Overview
ENERGY STORAGE Business Overview FY 2025 Net Sales Breakdown 5% 14% 10% Lithium Hydroxide APAC Lithium 45% Product Carbonate 18% Sales Americas Segment Chemical Grade Region1 Spodumene 40% 68% Other EMEA Co-products 1Customer headquarters region FY 2025 Results $2,710M $697M 26% Net Sales Adjusted E
Slide 17: Global Operations
ENERGY STORAGE Global Operations Chengdu, China Kings Mountain Mine, NC, U.S. Meishan, China P Silver Peak, NV, U.S. Xinyu, China Kings Mountain Plant, Qinzhou, NC, U.S. China Resource P Conversion Wodgina, Research and Development Salar de Australia JV P Atacama, Chile JV Joint Venture Early Stage
Slide 18: Operating Site Overview
ENERGY STORAGE Operating Site Overview Resource Conversion Annual Annual Status Nameplate Status Nameplate Site Location Type Site Location Product (as of Q1 2026) Capacity (as of Q1 2026) Capacity (t LCE, ALB share) (t LCE, ALB share) Xinyu China Operating Hydroxide 30,000 Greenbushes1 Operating/ A
Slide 19: Lithium Resources: Spodumene
ENERGY STORAGE Lithium Resources: Spodumene Greenbushes is one of the largest, highest grade – and therefore lowest cost – Item1,2 Units Greenbushes Wodgina Kings Mountain3 spodumene resources in the Reserve Life Years 25 22 NA world MT 379 178 91 Mineral Resource % Li2O 1.59% 1.24% 1.31% MT LCE 14.
Slide 20: Lithium Resources: Brine
ENERGY STORAGE Lithium Resources: Brine Salar de Atacama is one of the highest grade and lowest cost brine Item1,2 Units Atacama Silver Peak Antofalla3 resources in the world Reserve Life Years 19 32 NA kT Li 1,877 197 1,791 Mineral Resource mg/I Li 2,186 127 386 MT LCE 10.0 1.0 9.5 Silver Peak is t
Slide 21: Leader in Lithium Processes
ENERGY STORAGE Leader in Lithium Processes Continuous improvement through optimization, efficiency, technology advancements Resource Extraction Lithium Conversion Lithium Products 6% Li2O Concentrate Battery and Technical Grade Hard Rock Lithium Hydroxide and 0.5- 2.5% Li2O Lithium Carbonate Xinyu,
Slide 22: Diverse Portfolio Provides Flexibility to Meet Evolving Customer Needs
Illustrative View of ALB Lithium Supply Chain Not representative of historical data or outlook. Diagram not to scale Salar de La Negra Atacama ENERGY STORAGE Silver Lithium Kings Mountain Peak Carbonate Diverse Portfolio Flexible capacity to produce carbonate Provides Flexibility or hydroxide Tollin
Slide 23: Average Realized Price Normalizes to Market Price After ~3 Months
ENERGY STORAGE Average Realized Price Normalizes to a Market Price Change After ~3 Months $40 Example: +$10/kg Step Change in Market Price vs. Albemarle’s Realized Price $30 Mix impact of spodumene sales results in lower average realized price than market price on an LCE basis Market Price Price ($/
Slide 24: Annual Guidance Methodology
ENERGY STORAGE Annual Guidance Methodology OBSERVED LITHIUM MARKET PRICE SCENARIOS1: (US$/kg LCE) MARKET PRICE SCENARIOS FY 2025 avg. Q1 2026 avg. 2021-25 avg. Based On Observed Market Pricing: $10 $20 $30 Scenarios are based on historical pricing, not price forecasts; market pricing is based on a b
Slide 25: Lithium Market Price Scenarios Include Diverse Product and Geography Mix
ENERGY STORAGE Lithium Market Price Scenarios Include Diverse Product and Geography Mix Albemarle uses a blend of market indices when developing market price scenarios 25% 25% Carbonate CIF Asia Carbonate EXW China Remove 13% VAT Blend represents global footprint and product mix Lithium All prices a
Slide 26: Talison Equity Income Accounting Treatment
Talison Net Income Reported in 10Q All spodumene sales priced at one month lag on blend of price indices Spodumene Sales to ALB (50%) Spodumene Sales to TLEA (50%) ENERGY STORAGE TLEA Share (51%) ALB Share (49%) TLEA Share (51%) ALB Share (49%) Talison Equity Income Accounting Treatment Recognized i
Slide 27: Talison Equity Income Accounting Treatment
ENERGY STORAGE Talison Equity Income Accounting Treatment Example: Q1 2026 Equity Income ($M) Talison Net Income ALB Share (100%) (49% of 50%) Current Quarter (ALB Share of TLEA Offtake) 285 x 49% x 50% = 70 + 2 Quarters Prior (ALB Share of ALB Offtake) 53 x 49% x 50% = + 13 Calculated 1Q26 ALB Tali
Slide 28: Cost of Goods Sold Include Purchases of Talison Spodumene at Market Price
ENERGY STORAGE Cost of Goods Sold Include Purchases of Talison Spodumene at Market Price Example Walk from Segment COGS to Approximate Cash Costs FY 2025 Q1 2026 NOTE 18 – Segment Information of 10-Q Energy Storage Cost of Goods Sold1 $2,085M $410M NOTE 25 – Segment and Geographic Area Information o
Slide 29: Calculating CORFO Commission on Lithium Carbonate Produced in Chile
ENERGY STORAGE Calculating CORFO Commission on Lithium Carbonate Produced in Chile Example: $20/kg Lithium Carbonate Sales Price Commission Bracket Rate ($/t LCE) Weighted Average Third Progressive $0 – $4 6.8% + $0.27 Party Sales Price Commission Rate ($USD / Metric Ton LCE) $4 – $5 8.0% + $0.08 $5
Slide 30: Corporate
[Th CORPORATE \ Albemarle’ | 2
Slide 31: Cost and Productivity Actions Have Led to a Decline in Non-Manufacturing Costs
Cost and Productivity Actions Have Led to a In 2024 and 2025 reduced SG&A Decline in Non-Manufacturing Costs and R&D by a total of $162M as part of $450M cost and productivity improvement program SG&A and R&D Trailing 12-Month Targeting an additional -$162M (-21%) $100-$150M in cost and productivity
Slide 32: Albemarle Joint Ventures
Albemarle Joint Ventures Enabling Risk Management and Capital Efficient Growth Joint Venture Partners Details Accounting Owns and operates the Greenbushes Unconsolidated, Albemarle share of JV net Talison Albemarle (49%) spodumene mine in Australia. Albemarle has income is reported as equity income
Slide 33: Ketjen Equity Income and Retained PCS Business Reported in Corporate
Ketjen Equity Income and Retained PCS Business Ketjen transaction to sell 51% of Refining Catalyst business are Reported in Corporate closed on March 2, 2026 ($20M) – $20M FY 2026 Corporate EBITDA Guidance1 Albemarle retains a minority Includes Full Year of Ketjen and PCS share of Refining Catalysts
Slide 34: Recent Deleveraging Improves Balance Sheet and Reduces Interest Expense
Recent Deleveraging Improves Balance Sheet and Reduces Quarterly Interest Expense Debt Following $650M Bond Tender and $650M Make Whole Albemarle Total Long-Term Debt Weighted Average Interest Rate Decreased to 3.1% from 3.9% Recent Deleveraging 4Q25: €0.4M Eurobonds | 1Q26: $0.65B Bond Tender | 1Q2
Slide 35: Tax Rates Expected to Vary with Price Levels and Geographic Income Mix
Tax Rates Expected to Vary with Price Levels and Geographic Income Mix $10 $20/$30 Scenario Scenario Unlikely to see an overall full-year tax benefit due to geographic tax mix At higher lithium prices, income tax can be modeled assuming a 20-30% ETR Easier to model absolute income tax on a full-year
Slide 36: Additional Common Shares from Converted Preferred
Preferred Dividends End After March 1, 2027 Upon Conversion to Common Preferred Conversion 46M 22M Maximum Conversion: preferred shares convert to common shares on March 1, 2027 21M 21.0M Additional Common Shares from Converted Preferred 20M Preferred Dividends ~$42M/quarter, end upon conversion 19M
Slide 37: Illustrative EPS Scenarios From Preferred Share Conversion
Illustrative EPS Scenarios From Preferred Share Conversion US GAAP requires the use of the more dilutive EPS calculation At Lower Net Income At Higher Net Income Net Income $1,000M Net Income $1,500M - Preferred Dividends $168M - Preferred Dividends $168M Reducing Net Income by ÷ Weighted Average Sh
Slide 38: Maintaining focus on operational excellence to enable long-term growth
A global leader in transforming essential resources into critical ingredients for mobility, energy, connectivity and health Harnessing resilient competitive strengths, including world-class resource base, Maintaining focus on leading process chemistry expertise, and customer-centricity operational e
Slide 39: Appendix
APPENDIX \ Albemarle’ | 2
Slide 40: Glossary of Terms
Glossary of Terms Industry standard unit of measure for lithium chemicals that defines lithium content in terms of an LCE Lithium Carbonate Equivalent equivalent amount of lithium carbonate LHM Lithium Hydroxide Monohydrate Standard form of lithium hydroxide used in cathode production Common unit of
Slide 41: Conversion Factors
Conversion Factors Li Li2O Li2CO3 LHM Chemical Description Formula Content Content Content (LCE) Content Pure elemental lithium metal Lithium Sometimes used as a basis for resource size/grade. Li 1x 2.153x 5.323x 6.061x Lithium Oxide Common basis for hardrock resource size/grade. Li2O 0.464x 1x 2.47