Albemarle : December 2024 Investor Presentation

Published: 2024-12-02 10:27:12 ET ALB

Albemarle Investor Presentation

December 2024

Non-GAAP Financial Measures

It should be noted that adjusted net (loss) income attributable to Albemarle Corporation, adjusted diluted earnings per share ("EPS"), non-operating pension and other post-employment benefit ("OPEB") items per diluted share, non-recurring and other unusual items per diluted share, adjusted effective income tax rates, EBITDA, adjusted EBITDA (on a consolidated basis), EBITDA margin and adjusted EBITDA margin are financial measures that are not required by, or presented in accordance with, accounting principles generally accepted in the United States, or GAAP. These non-GAAP measures should not be considered as alternatives to net income attributable to Albemarle Corporation ("earnings") or other comparable measures calculated and reported in accordance with GAAP. These measures are presented here to provide additional useful measurements to review the company's operations, provide transparency to investors and enable period-to-period comparability of financial performance. The company's chief operating decision maker uses these measures to assess the ongoing performance of the company and its segments, as well as for business and enterprise planning purposes.

A description of other non-GAAP financial measures that Albemarle uses to evaluate its operations and financial performance, and reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be found on the press release announcing the results discussed in this presentation, which is available on Albemarle's website at https://investors.albemarle.com. The company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP, as the company is unable to estimate significant non-recurring or unusual items without unreasonable effort. The amounts and timing of these items are uncertain and could be material to the company's results calculated in accordance with GAAP.

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.

Leading the World in Transforming Essential Resources

Q3 2024 TTM Net Sales

Albemarle by the Numbers1

Employees2

~8,000

Q3 2024 TTM Net Sales

$6.5B

Customers

~1,900

Net Sales CAGR (2018-2023)

>20%

Countries

~70

Production & R&D Facilities

+25

Active Patents

>1,600

Total Assets as of Sep 30, 2024

$13B

Ketjen

17%

Albemarle

Specialties

20%

Energy

Storage

63%

1 As of December 31, 2023, unless otherwise stated 2 Excludes employees of consolidated JVs

Attractive Diversification Across the Portfolio

Energy Storage

Specialties

Ketjen

One of the world's largest producers of lithium for battery applications - including electric vehicles

Net sales ($B)

Adj. EBITDA1 ($B) /

% margin1

38%

72%

45%

26%

$7.1

$3.4

$4.7

$3.2

$1.1

$2.4

$0.4

$0.6

Diverse portfolio of highly specialized

lithium and bromine solutions

Net sales ($B)

Adj. EBITDA ($B) /

% margin

$1.8

33%

30%

20%

16%

$1.4

$1.5

$0.5

$1.0

$0.3

$0.2

A leader in refining and petrochemical catalysts

Net sales ($B)

Adj. EBITDA ($B) /

% margin

14%

10%

13%

$0.8

$0.9

$1.1

$0.8

$0.1

$0.0

2021A

2022A

2023A

2024

2021A

2022A

2023A

2024

2021A

2022A

2023A

2024

2021A

2022A

2023A

2024

2021A

2022A

2023A

2024

2021A

2022A

2023A

2024

YTD

1 As of 2024, adjusted EBITDA definition includes Albemarle's share of the pre-tax earnings of the Talison joint venture; previous years are presented under this updated adjusted EBITDA definition for

comparative purposes.

Care

Curiosity

Collaboration

We improve the safety

We continuously

We work together,

Our Values

and support the well-

learn and are

value each other and

being and resilience of

comfortable taking

encourage diverse

our communities,

informed risks to

thought to drive better

Albemarle's six core

employees and

innovate.

outcomes.

environment.

values help us

achieve our corporate

Humility

Accountability

Integrity

purpose to enable a

We share the credit

We act with courage to

We do what we say

more resilient world.

and value the ideas

take ownership for

with honesty and

of others to achieve

what matters and

transparency for the

goals together.

responsibly deliver

benefit of all.

results.

A Leading Provider of Lithium, Bromine and Other Essential Elements

MOBILITY

Advancing the future of movement by being a leading provider of materials that make mobility better and cleaner.

ENERGY

CONNECTIVITY

HEALTH

Powering the energy

Enabling an always-on

Improving quality of life by

world to make technology

making health safer and

transition to meet the rising

more consistent and

more attainable today, so

needs so we can ensure the

reliable, so we can

the planet and future

world has critical resources

continue to innovate more

generations can continue to

for years to come.

efficiently.

thrive.

Harnessing Our Resilient Competitive Strengths to Navigate Market Conditions

World-Class Resources

Leading Process Chemistry

High-Impact Innovation

Customer-Centricity

People & Planet Steward

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 Essential Elements to Critical Impact Areas

Mobility

Energy

Connectivity

Health

Resilient Competitive Strengths to Navigate Market Conditions

World-Class

Leading Process

High-Impact

Customer-

People & Planet

Resources

Chemistry

Innovation

Centricity

Steward

Disclaimer

Albemarle Corporation published this content on December 01, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on December 02, 2024 at 15:26:01.306.