#1Albemarle Investor Presentation May 2023 ALBEMARLE#2Forward-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 of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as "anticipate,” “believe,” “estimate," "expect," "guidance,” “intend,” “may,” “outlook," "should," "would," and "will". Forward- looking statements may include statements regarding expected: financial and operating results, production capacity, volumes, and pricing, demand for Albemarle's products, capital projects, acquisition and divestiture transactions, market and economic trends, and all other information relating to matters that are not historical facts. Factors that could cause Albemarle's actual results to differ materially from the outlook expressed or implied in any forward- looking statement include: changes in economic and business conditions; financial and operating performance of customers; timing and magnitude of customer orders fluctuations in lithium market pricing; production volume shortfalls; increased competition; changes in product demand; availability and cost of raw materials and energy; technological change and development; fluctuations in foreign currencies; changes in laws and government regulation; regulatory actions, proceedings, claims or litigation; cyber-security breaches, terrorist attacks, industrial accidents or natural disasters; political unrest; changes in inflation or interest rates; volatility in the debt and equity markets; acquisition and divestiture transactions; timing and success of projects; performance of Albemarle's partners in joint ventures and other projects; changes in credit ratings; and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under "Risk Factors” in Albemarle's most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle's website (investors.albemarle.com) and on the SEC's website at www.sec.gov. These forward-looking statements speak only as of the date of this press release. Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws. ALBEMARLE 2#3Non-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, 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 following pages of this press release, which is also 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 3#4Albemarle 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. www. FE#5Leading the World in Transforming Essential Resources 2022 Net Sales Albemarle by the Numbers 1 FY 2022 Financial Highlights Ketjen 12% Employees² ~7,400 Net Sales $7.3B Customers ~1,900 Net Income³ $2.7B Albemarle Specialties Countries Active Patents ~70 Adj. EBITDA4 24% Albemarle $3.5B >2,100 Adj. EBITDA Margin4 47% Energy Storage 64% Clear strategy to achieve profitable growth and enhance sustainability ■ A global leader with durable competitive advantages ■ Track record of strong financial and operating performance ■ Growth expected to continue in 2023 - +35-55% net sales Y/Y Capitalizing on growth opportunities in electric vehicles and beyond - mobility, energy, connectivity, health 1 As of December 31, 2022 2 Includes employees of consolidated JVs 3 Attributable to Albemarle Corporation 4 Non-GAAP measure; see Appendix for definition and reconciliations of historical measures to most directly comparable GAAP measure ALBEMARLE LO 5#6Diverse and Dedicated Leadership Team Focused on Delivering Shareholder Value Kent Masters Chairman & CEO Experience: 30+ years Scott Tozier Chief Financial Officer Experience: 30+ years Eric Norris Netha Johnson President, Energy Storage Experience: 25+ years President, Specialties Experience: 25+ years Melissa Anderson Chief People Officer Experience: 30+ years Kristin Coleman General Counsel Experience: 30+ years Jac Fourie Chief Capital Projects Officer Experience: 20+ years Sean O'Hollaren Chief External Affairs Officer Experience: 30+ years Raphael Crawford President, Ketjen Experience: 20+ years ALBEMARLE 6#7Engaged, Diverse, and Accountable Board of Directors Laurie Brlas Former EVP & CFO, Newmont Mining Jim O'Brien Glenda Minor Former SVP & CFO, Evraz North America Dean Seavers Ralf Cramer Former President and CEO, Continental China Diarmuid O'Connell Former VP, Corp & Business Development, Tesla Motors Kent Masters Chairman & CEO, Albemarle Jerry Steiner Former Chairman & CEO, Ashland cii⭑ Former President, National Grid U.S. cit Former EVP, Sustainability & Corporate Affairs, Monsanto CO White 70% Male 70% Racial Diversity Gender Diversity Black 20% Hispanic 10% Female 30% Holly Van Deursen Former Group Vice President, Petrochemicals, BP Alex Wolff Audit & Finance Committee Executive Compensation Committee O Nominating & Governance Committee O Capital Investment Committee Former U.S. Ambassador to Chile cit Health, Safety & Environment Committee Chairman of the Board Lead Independent C Committee Chairperson Average Tenure ~ 6 years ALBEMARLE 7#8DEEPLY EMBEDDED Durable Competitive Advantages Differentiate Albemarle as an Industry Leader DEVELOPING Customer-centric collaboration Å R&D expertise for next generation materials Capital project execution expertise Enhanced sustainability Comprehensive operating model performance to achieve operational excellence BO La Portfolio of best-in-class assets and resources around the globe Industry-leading safety performance Continuing to develop and embed our competitive advantages l Process technology and product applications knowledge Solid balance sheet, cash flow & portfolio management, create maximum financial flexibility ALBEMARLE 8#9Transforming Essential Resources to Better Serve People and Planet Our Operating Model Purpose To enable a more resilient world Strategy Grow • Maximize • Invest • Sustain Colleagues, Customers, People Company, Community Drive Greater Stakeholder Value stainable Approach Raise the Bar on Excellence High-Performance Culture The Albemarle Way of Excellence Operational Discip Competitive Capa Capabilities Deliver Outstanding Customer Experience ALBEMARLE 9#10Clear Strategy to Deliver Enduring Value Grow Profitably Expand capacity to meet customer needs and generate value Partner with strategic customers and stakeholders to facilitate innovation and mutual growth Maximize Productivity Deploy operating model to build a scalable platform for growth Grow high- performance culture with best-in-class capabilities Optimize earnings, cash flow and cost structure Invest with Discipline ■ Allocate capital and manage portfolio to generate long-term value ■ Maintain Investment Grade credit rating and support our dividend Advance Sustainability ■ Build competitive advantage through industry-leading ESG performance ■ Accelerate sustainability ambitions of customers and communities AALBEMARLE 10#11Providing Critical Ingredients for Mobility, Energy, Connectivity and Health gwwwwww.p MOBILITY Advancing the future of movement by being the leading provider of materials that make mobility better and cleaner. ENERGY Powering the energy transition to meet the rising needs so we can ensure the world has critical resources for years to come. DEFIBRILLATON CONNECTIVITY Enabling an always-on world to make technology more consistent and reliable, so we can continue to innovate more efficient. HEALTH Improving quality of life by making health safer and more attainable today, so the planet and future generations can continue to thrive. AALBEMARLE 11#12Sustainability Framework Aligns with Strategy Sustainability is not just doing the right thing, but doing it the right way Natural Resource Management Responsibly manage our use of resources and materials Energy & Greenhouse Gases Water Resource Stewardship Sustainable Shareholder Value Foster the conditions that create sustainable value for shareholders Waste Value Chain Excellence Product & Process Innovation Safety Diversity, Equity & Inclusion Investment in Talent Community/ Stakeholder Engagement Business & Financial Resilience Business Ethics & Regulatory Compliance People, Workplace & Community Build an inclusive and diverse workplace focused on safety, mutual respect, development and wellbeing Actively collaborate and engage in the communities in which we work ALBEMARLE 12#13Committed to Building a More Resilient World UN GLOBAL CEO Water Mandate Signatory COMPACT CEO WATER New in 2022 MANDATE IRMA third-party audit at Salar de Atacama; Self-assessments at Greenbushes and Wodgina New in 2022 IRMAX Mining Assurance Initiative for Responsible CDP Reporting: First year scored Climate (B) and Water (C) ✓ CDP DISCLOSURE INSIGHT ACTION New in 2022 Eight Responsible Care Awards, including two Sustainability awards at Silver Peak, Nevada American Chemistry Council New in 2022 GOLD 2022 ecovadis Sustainability Rating 7th Straight Year AMERICA'S MOST 4th Straight Year II 2023 Bloomberg RESPONSIBLE Newsweek COMPANIES statista Gender-Equality Index 2023 4th Straight Year Our focus on sustainability is gaining recognition MILITARY 2nd Straight Year FRIENDLY M EMPLOYER ALBEMARLE 13#14Strong Track Record of Financial and Operating Performance Deliberate, transformational steps to position for growth (in billions) Net Sales 1 $3.4 $3.3 $2.9 $7.3 Nameplate Conversion Capacity (in ktpa LCE) Adj. EBITDA & Margin 1,2 % Adj. EBITDA Margin Lithium Conversion Capacity 500-600 $9.8-$11.5 2019 2020 2021 2022 2023E 34% -35% $3.3-$4.0 47% $3.5 29% 25% 26% $1.0 $0.8 $0.7 2019 2020 2021 2022 2023E 200 85 40 2015 2019 2022 2027 1 Historical and prospective financial information excludes divestiture of FCS 2 Non-GAAP measure, see appendix for definition and reconciliations of historical measures to most directly comparable GAAP measure ALBEMARLE 14#15$M Strong Financial Position and Ample Liquidity (As of 3/31/23, $M) NET CASH FROM CAPITAL EXPENDITURES $4,000 $3,000 $2,000 $1,000 $0 -$1,000 -$2,000 OPERATIONS 2022A 2023E Settlement of Prior Legal Matter Change in Working Capital & Other D&A Net Income LEVERAGE1 (x) 0.5x 0.3x-0.5x $1.3B ($M) $1.7 -$1.9B 2022A 2023E 2022A 2023E • Committed to maintaining Investment Grade credit rating $1.7B debt issuance in 2022 strengthens liquidity and reduces repayment risk in a volatile environment. $1.6B cash and cash equivalents $3.2B total debt (99% fixed rate) Weighted average interest of 4.0% Q1 2023 Net Debt to Adj. EBITDA² of 0.4x Working capital typically averages ~25% of net sales Free cash flow positive in 2022, significant operating cash flow to fund accelerated growth investments 1 Leverage defined as consolidated net funded debt to consolidated EBITDA ratio; 2023E leverage assumes FY 2023E Adjusted EBITDA guidance of $3.3B to $4.0B 2 Bank covenant definition, see Appendix ALBEMARLE 15#16Continued Growth in a Turbulent Macro Environment 2023E Forecast Cost Breakdown: Royalties Progressive commissions paid in Chile, increases with price to customer For every $1 over $10/kg LCE, ALB pays $0.40 to CORFO Energy/ Freight ■ Includes natural gas and utilities ■ Notable increases in Materials/Services ■ Nearly 20% spodumene is company-owned Other major inputs include BPA, chlorine, molybdenum, caustic soda, soda ash ■ Other services includes warehousing Royalties 15% Materials / Services Energy / Freight 5% 50% Economic Conditions Vary By Segment Energy Storage Expect continued secular growth related to the shift to clean transportation supported by OEM EV investments and public policy Key economic indicators include global EV production Battery grade demand lags EV production -1 to 2 quarters Contribution margin -60% Specialties Diverse end markets - ability to divert product to highest margin operations; demand typically rebounds quickly post recession Key economic indicators include consumer confidence, total automotive production, building and construction ~1 to 3 quarter lag in supply chain Contribution margin ~65% freight, continued supply chain issues Labor (incl GSA) ■ Increasing headcount to prepare for long-term growth, plus inflation impacts Labor 15% Other 15% Other Depreciation ■ Other standard cost components • Ketjen Demand relatively resilient in previous recessions; lower oil prices have historically led to higher demand and lower raw materials costs Key economic indicators include transportation fuel demand FCC demand changes with fuel consumption with little to no lag HPC demand lags multiple quarters as refineries push out turnarounds Contribution margin ~40% 16#17Disciplined Capital Allocation to Support Growth Strategy Invest in High-Return Growth Portfolio Management Maintain Financial Flexibility Dividends & Share Repurchases Objectives ■ Growth remains the primary capital allocation priority Strategically grow Energy Storage and Specialties to leverage low-cost resources Position Ketjen for long-term stability ■ Maintain capital discipline and operational excellence Actively assess portfolio; reinvest proceeds ■ Accelerate and de-risk our strategy in next-gen technology and/or materials ■ Bolt-on acquisitions to accelerate growth at attractive returns ■ Build and maintain our top-tier resource base ■ Committed to Investment Grade rating ■ Free cash flow positive in 2022, significant operating cash flow to fund growth ☐ Leverage expected to remain <1.0x near-term to preserve flexibility ■ $1.6B cash and cash equivalents ■ Continue to support our dividend ■ Limited cash flow available for repurchase as we invest in growth Expected 29th year of dividend growth Ability to Adapt to Changing Economic Conditions ■ Slow non-critical / non-growth capital expenditures ■ Accelerate partnering / tolling arrangements Position company to take advantage of low-price acquisition targets in a downturn ■ Enable continuation of growth ■ Slow hiring, T&E, and other discretionary costs ■ Shift production volumes to support highest demand markets Excess cash flow to support dividend growth and potential repurchases ALBEMARLE 17#18Financial Flexibility to Execute Growth Strategy High-return organic growth and potential M&A to complement existing portfolio ■ Build and maintain world-class resource base ◉ Specialized, next-gen technology and/or materials ☐ ■ Customer partnerships to accelerate growth, improve sustainability, and develop technologies ■ Bolt-on assets (buy vs build) ☐ Committed to disciplined investment Ability to accelerate high-return growth Target >2x WACC at mid-cycle pricing; minimum >1x WACC at trough pricing Ability to maintain Investment Grade credit rating and support dividend ■ Accretive to shareholders 18#19Key Takeaways Continuing to expect growth in 2023, adjusting guidance with net sales +35-55% YoY A global leader with world-class assets and a diversified product portfolio; long-term supply with reliable, consistent quality Capitalizing on tremendous growth opportunities in electric vehicles and beyond - mobility, energy, connectivity, health Innovating to deliver advanced solutions tailored to customer needs Clear strategy with disciplined operating model to scale and innovate, accelerate profitable growth, and advance sustainability ALBEMARLE 19#20Energy Storage Overview Y/Y Q1 Performance Drivers Net sales up 319% (price³ +301%, volume +18%); adjusted EBITDA up 393% Increased sales due to renegotiated contracts and increased market pricing Adjusted EBITDA benefited from favorable pricing from contract renegotiations as well as the sale of lower cost inventory FY 2023 Outlook (as of May 3, 2023) Energy Storage FY 2023 adj. EBITDA expected to be roughly flat Y/Y, as higher net sales are offset by timing impacts of higher price spodumene inventories; change from previous outlook reflects recent lithium market prices FY 2023 realized price now expected to be up 20-30% Y/Y, Energy Storage outlook range assumes recent market prices continue through year end FY 2023 volume expected to up +30-40% Y/Y (unchanged) primarily due to new capacity coming online Potential upside if market pricing increases; potential downside if lithium market pricing continues to decrease or potential volume shortfalls in ramping or spot volumes Drivers/Sensitivities • Global accelerated EV adoption supported by regulation and technological improvements • Emerging technologies; battery cost declining + performance improving Q1 2023 Performance (in millions) Net Sales Net Sales ex FX1 Adj. EBITDA4 Q1 2023 Y/Y $1,944 319% $1,975 326% $1,406 393% $1,427 400% 72% +1,090 bps Adj. EBITDA Margin ex FX1,4 72% +1,083 bps Adj. EBITDA ex FX1,4 Adj. EBITDA Margin4 Historical Trend (TTM) $1,970M Adjusted EBITDA ● Adjusted EBITDA Margin $3,032M $4,153M 68% 65% 65% $582M $985M 52% 44% 1Q22 2Q22 3Q22 4Q22 1Q23 • Security of supply essential to underwrite global auto OEM investment in vehicle electrification Note: Numbers may not reconcile due to rounding. 1 Net of FX impacts. 2 Sales based on historical average. 3 Includes FX impact. 4 See appendix for non-GAAP reconciliations. ALBEMARLE 20 20#21Expanding Global Footprint - Strong Presence in Major Markets¹ = New = Resource = Conversion JV = Joint Venture = Hard Rock = Brine Silver Peak, NV, U.S. Kings Mountain, NC, U.S. Magnolia, AR, U.S. La Negra, Chile Salar de Atacama, Chile Chengdu, China Meishan, China 50% JV² Xinyu, China EU Mega-Flex, TBD US Mega-Flex, TBD Qinzhou, China 50% JV2 Antofalla, Argentina Kemerton, Australia 85% JV2 1 Map is representative of Albemarle's global reach; not inclusive of all the company's sites 2 Expected joint venture ownership interest, pending regulatory approvals 3 Joint venture ownership interest, with right to 50% of the offtake APAC Conversion, TBD Wodgina, Australia 50% JV2 Greenbushes, Australia 49% JV 2,3 ALBEMARLE 21#22Established Processes for Conventional Resources Continuous improvement through optimization, efficiency, technology advancements Resource Extraction Lithium Conversion Lithium Products Hard Rock 0.5-2.5% Li₂O Brine 0.01-0.30% Li *Not currently in operation Mines Greenbushes, Wodgina, Kings Mountain* Ponds Salar de Atacama, Silver Peak, Antofalla*, Magnolia* 6% Li₂O Concentrate 6% Li Concentrate Xinyu, Chengdu, Qinzhou, Kemerton Option to convert to lithium carbonate via 3rd party tolling A+ La Negra, Silver Peak Optional further processing to produce hydroxide Battery and Technical Grade Lithium Hydroxide Kings Mountain Battery and Technical Grade Lithium Carbonate Battery and Technical Grade Lithium Hydroxide Battery Grade Metal ALBEMARLE 22 22#23Jan Feb 2 4 9 8 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 10 Increasing Our Lithium Market Demand Outlook: 5x Growth by 2030 Cumulative Sales by Year¹ (M units) 2022 vs. 2021: +64% Global EV Production / Market Penetration² 2022-2027 Lithium Demand ALB Projections³ (MMt LCE) 2019 2.5 CAGR: 25-30% 4.0 48% 3.5 3.0 46.9 1.8M Mt 28% 2.5 2025 18% 2.0 14% 25.7 1.5 3% 15.7 11.2 1.0 2022E 2023E 2025E 1 Marklines data as of 01/25/2023 2 S&P Global Mobility, Global Production based Alternative Propulsion Forecast, November 2022 3 Albemarle analysis 2030E 2019 0.5 3.7M Mt 2030 2019 2021 2020 2022 EV production (M) --EV penetration (%) 2020 -2022 2021 ⚫2023 EV Grid Mobility Consumer Electronics Industrial Inventory Change 2030E lithium demand of 3.7MMt LCE +15% from previous forecast due to IRA and strong EV demand 2021 2023 2025 2027 2029 2022E by Application ³ (MMt LCE) 2022-2027 CAGR: 25-30% 3.7M Mt 0.8M Mt 1.8M Mt .il 1.2M Mt 2023E 23 ALBEMARLE 23 2025E 2030E#24Cost¹ Leveraging Our Low-Cost Resources as Projects Trend Towards Higher Cost 2030E Mined Supply 2.9 MMT LCE 2030E Demand 3.7 MMT LCE ALB Average 2030E Cost ~$20/kg 800 kt Supply Deficit Net of Recycling 20% of Demand Cumulative Supply (KT LCE) Prices > $20/kg required over next decade to support >100 new projects² needed to support demand 1 Albemarle analysis 2 Assuming 2022 average project production of ~20 KT LCE ALBEMARLE 24 24#25Diversified Portfolio of World-Class Resources in Multiple Jurisdictions Estimated Lithium Resource, Nameplate Capacity¹ 100% basis, ktpa LCE basis -200-225 ktpa Wodgina III Salar Yield Improvement Silver Peak Expansion Greenbushes III Wodgina + Greenbushes + Kings Mountain Magnolia Antofalla FYE 2022 Capacity 2023-2024 2025-2030 Highlights ~400-650 ktpa Potential 2030 Capacity Strong resource position enables capital-efficient expansions, profitability through cycle Greenbushes has significant long- term potential Kings Mountain opens significant US supply; $150M DOE grant helps de-risk project M&A can help fill the resource gap- dependent on market conditions Recycling can help fill the resource gap as the market matures On average resources cost $5-25k per annual ton of capacity (brownfield - greenfield) Strategy to remain vertically integrated from resources to advanced materials 1 All figures shown on 100% basis; pending regulatory approvals, ALB's expected attributable share of Wodgina is 50%; ALB attributable share of Greenbushes is 50% ALBEMARLE 25 55#26Potential to Triple Lithium Conversion Capacity by 2030 Estimated Lithium Conversion Nameplate Capacity¹ 100% basis, ktpa LCE basis Meishan I/II 200 ktpa Other APAC Kemerton III/IV US Mega-Flex Qinzhou II Magnolia EU Mega-Flex La Negra Expansion Antofalla 500-600 ktpa FYE 2022 Capacity 2023-2024 2025-2027 2028-2030 Potential 2030 Capacity Highlights Globally diversified portfolio of vertically integrated lithium conversion assets Building from Albemarle's presence in major markets A train of capacity is ~25kpta; economies of scale with multiple trains at each location Sell or toll excess resources to bridge to new conversion assets Capital costs per annual ton of capacity varies by region: $25-$30k in Australia, N. America, EU -$20k in Latin America ~$10-15k in China Further accelerating growth; potential 2030 capacity up ~15% from previous target 1 All figures shown on 100% basis; pending regulatory approvals, ALB's expected attributable share of Kemerton is 85% 26 ALBEMARLE 26#27Executing Our Strategy to Deliver Volumetric Growth Expected Lithium Sales Volumes 350 Potential Tolling ■Technical Grade Spodumene 300 ■Lithium Carbonate ■Lithium Hydroxide 250 (kt LCE) CAGR +20-30%² 200 150 100 50 2023 volume +30-40% Y/Y +/- +/- +/- +/- +/- Assumes ~2 years to ramp a new conversion plant Includes expansions at Silver Peak, La Negra, Kemerton, Qinzhou, and Meishan ■ Technical-grade spodumene sales (~10 ktpa) and tolling (0-70 ktpa) included ■Further upside potential from: - Additional tolling volumes as bridge to further conversion expansions Additional conversion assets 2022 2023E 2024E 2025E 2026E 2027E 1 All figures shown on 100% basis in LCE, volumes include ALB/MRL JV (50% ownership of Wodgina, 85% ownership of Kemerton, pending regulatory approvals), excludes specialty products 2 Approximate 5-yr CAGR based on 2022 to 2027E ALBEMARLE 27 27#28Updated Contract Pricing Reflects Changes in Market Price Energy Storage Net Sales1 Spot Purchase order-based price negotiations, heavily influenced by index Variable Index-referenced, variable- priced (typically 3-month lag, some with floors and ceilings, specifics vary by contract) (by Contract Type) -10% ~90% Leverage to Continued Strong Market Prices Majority of volumes sold under long-term contracts (typically 2-5 years duration) with strategic customers Partnerships across the value chain including major cathode, battery, and OEM customers Moving to predominantly index-referenced and variable pricing; moving floors higher - negotiations continue to progress for 2023 onward Assuming a +$10/kg change in full-year 2023 market indices equates to a +$5-7/kg change in Albemarle's average full-year 2023 realized pricing2 Updated net sales split reflects updated market pricing; no change to contracts 2023E 1 As of mid-April 2023; excludes technical grade spodumene and by-product net sales 2 Assumes prevailing market pricing and Albemarle contract book as of mid-April 2023 ALBEMARLE 28 28#29Industry-Leading Technology Innovations from Mine to Market Resource and Conversion Maximizing recovery at the wellhead, pond, and conversion stage, +>70 ktpa potential Improving existing resources and accessing non-conventional with Direct Lithium Extraction (DLE) More sustainable resource management with lower energy, water, and GHG Battery Materials Developing differentiated lithium for safer, higher performance applications, with 2-3x higher contribution margin Maximizing use of Li through more efficient battery technology: lithium metal anode, prelithiation, lithium sulfide Customer Alignment Breakthrough OEM opportunities for >50% more EV range with battery material innovation ■ Close collaborations and co- development partnerships for tailored materials and faster time-to-market Advanced Process Development Albemarle Technology Park Novel Materials Research Acceleration To Market ALBEMARLE 29 29#30Specialties Overview Y/Y Q1 Performance Drivers Net sales down -6% (price³ +9%, volume -15%); adjusted EBITDA up 6% • Volume down due to end-market demand weakness Adjusted EBITDA benefited by higher pricing and lower freight costs, partially offset by lower volumes FY 2023 Outlook (as of May 3, 2023) Specialties FY 2023 adj. EBITDA is expected to be up 5-10% Y/Y, unchanged from previous outlook Expecting stronger 2H with restocking demand and recovery of consumer electronics Q1 2023 Performance (in millions) Net Sales Q1 2023 Y/Y $419 -6% Net Sales ex FX1 $429 -4% Adj. EBITDA4 $162 6% Adj. EBITDA ex FX1,4 $168 10% Adj. EBITDA Margin 39% +436 bps Adj. EBITDA Margin ex FX1,4 39% +486 bps Historical Trend (TTM) Adjusted EBITDA ○ Adjusted EBITDA Margin Drivers/Sensitivities GDP+ growth with diverse applications and end-markets in mobility, energy, connectivity, and health Supported by strong underlying trends in digitalization and electrification $521M $543M $537M $527M $495M 33% 32% 32% 31% 30% 1Q22 2Q22 3Q22 4Q22 1Q23 Note: Numbers may not reconcile due to rounding. 1 Net of FX impacts. 2 Sales based on historical average. 3 Includes FX impact. 4 See appendix for non-GAAP reconciliations. ALBEMARLE 30 30#31Albemarle Specialties - Strong Presence in Major Markets¹ Langelsheim, Germany 1 Magnolia, AR Twinsburg, OH Baton Rouge, LA (Research Facility) New Johnsonville, TN Map is representative of Albemarle's global reach; not inclusive of all the company's sites Safi, Jordan (Joint Venture) = Production = Resource Taichung, Taiwan ALBEMARLE 31#32Access to Highly Concentrated Bromine is a Low-Cost Advantage Albemarle Operates from Two World-Class Bromine Resources: Dead Sea, Jordan Jordan Bromine Company1 (JBC) - operated and marketed by Albemarle Dead Sea Concentrate Arkansas India Concentrate China Seawater Bromine Concentration² (ppm) 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 Arkansas, U.S. Highly integrated and specialty focused - drives product flexibility and profitability 1 Joint Venture with Arab Potash Company (APC). 2 Based on management estimates. Relative Production Cost Industrial Cost Curve for Elemental Bromine² 0 100 Arkansas, U.S. India China & Japan Djibouti Dead Sea 200 300 400 500 600 700 800 2021 Estimated Capacity (KT) ALBEMARLE 32 32#33Operational Discipline: Manufacturing Excellence & Capital Project Execution Track Record of Delivering Innovative Expansion 2022 Plant Expansion - Magnolia, AR On-time and on-budget expansion of the flagship fire safety solutions product line Delivered expanded rates and improved quality ■ Dedicated Manufacturing Excellence program (higher volumes, lower cost, safer operation) with a focus on continuous improvement, maintenance, and reliability Allocating capital to highest return opportunities in sustainability and productivity - consistently achieving returns above 2x WACC target ■ Track record of delivering projects on time and within budget 2022 Brinefield Expansion - Magnolia, AR Adding new technology to ensure our brine quality is improved Results in incremental capacity without adding new wells 2022 JBC NEBO Investment - Safi, Jordan Increases plant capacity: converts by-product HBr to a higher value- added product Delivers improved sustainability: 11% water and 6% energy reduction expected Expected to reduce production costs by >$2M in first year after completion ALBEMARLE 33 33#34Competitive Capabilities: Research & Technology New Product Innovation ☐ ■ Market research driven ☐ Strong IP positions ■ World-class collaborators ☐ ■ Platform approach Expanded applications capabilities in targeted areas MercLok TM Diverse and Healthy New Product Pipeline MercLok TM Remediates mercury in contaminated soils and sediments Large market opportunity (~$200M in the US alone) Multiple field pilots completed Commercially launched in US market December 2022 Potential platform for additional environmental remediation products SAYTEX ALERO ™M Polymeric flame retardant (stable, large molecule) Excellent stability improves recyclability of flame-retardant plastic Superior environmental profile Broad and growing target end markets including electronics, appliances, automotive Initial customer qualifications complete - expected to be fully commercial in 2023 Lithium Specialties integration expected to bring new synergistic programs ALBEMARLE 34 34#35Ketjen Overview Y/Y Q1 Performance Drivers Net sales flat (price³ +12%, volume -12%); adjusted EBITDA -14% ⚫ Q1 adjusted EBITDA lower due to US freeze related downtime, timing of shipments, and unfavorable raw material cost FY 2023 Outlook (as of May 3, 2023) Ketjen FY 2023 adj. EBITDA expected to be up 250-400% Y/Y, above previous outlook due to higher volumes and pricing • Higher volumes across product segments driven by high refinery utilization; higher pricing primarily for FCC products • Inflation in material costs expected to remain a headwind, energy costs expected to moderate in 2023 (in millions) Net Sales Net Sales ex FX1 Q1 2023 Performance Q1 2023 Y/Y $218 0% $220 1% $15 -14% $14 -16% 7% -92 bps Adj. EBITDA Margin ex FX1,4 6% -143 bps Adj. EBITDA4 Adj. EBITDA ex FX1,4 Adj. EBITDA Margin4 Historical Trend (TTM) Adjusted EBITDA Adjusted EBITDA Margin Drivers/Sensitivities ⚫FCC - miles driven/transportation fuel consumption $98M $87M $59M HPC - environmental sulfur regulations and miles driven/transportation fuel consumption • PCS - plastic and polyurethane demand 13% 11% $29M $26M 7% 3% O 3% 1Q22 2Q22 3Q22 4Q22 1Q23 Note: Numbers may not reconcile due to rounding. 1 Net of FX impacts. 2 Sales based on historical average. ³ Includes FX impact. 4 See appendix for non-GAAP reconciliations. ALBEMARLE 35 55#36Appendix: Non-GAAP Reconciliations#37Definitions of Non-GAAP Measures NON-GAAP MEASURE Adjusted Net Income DESCRIPTION Net income attributable to Albemarle Corporation before non-recurring, other unusual and non-operating pension and OPEB. Pro-forma Adjusted Net Income Adjusted Diluted EPS Net income attributable to Albemarle Corporation before non-recurring, other unusual and non-operating pension and OPEB items, and the net impact of the divested business. Diluted EPS before non-recurring, other unusual and non-operating pension and OPEB. Pro-forma Adjusted Diluted EPS Diluted EPS before non-recurring, other unusual and non-operating pension and OPEB items, and the net impact of the divested business. EBITDA Adjusted EBITDA Pro-forma Adjusted EBITDA Net income attributable to Albemarle Corporation before interest and financing expenses, income taxes, and depreciation and amortization. EBITDA before non-recurring, other unusual and non-operating pension and OPEB. Adjusted EBITDA before the net impact of EBITDA of the divested business. Pro-forma Net Sales Adjusted Effective Income Tax Rate Net Sales before the impact of Net Sales from the divested business. Reported effective income tax rate before the tax impact of non-recurring, other unusual and non-operating pension and OPEB items. ALBEMARLE 37#38Adjusted EBITDA - (twelve months ended) ($ in thousands) 2019 Year ended December 31, 2020 2021 2022 Net income attributable to Albemarle Corporation 533,228 375,764 123,672 Depreciation and amortization 213,484 231,984 254,000 2,689,816 300,841 Non-recurring and other unusual items (excluding items associated with interest expense) 117,243 42,781 481,194 28,671 Interest and financing expenses 57,695 73,116 61,476 122,973 Income tax expense 88,161 54,425 29,446 390,588 Non-operating pension and OPEB items 26,970 40,668 (78,814) (57,032) Adjusted EBITDA 1,036,781 818,738 870,974 $ 3,475,857 Net impact of adjusted EBITDA from divested businesses (49,628) (76,325) Adjusted EBITDA excluding impact from divested business $ 987,153 $ 742,413 $ (28,415) 842,559 $ 3,475,857 Net sales Net impact of net sales from divested business Net sales excluding impact from divested business 3,589,427 3,128,909 3,327,957 7,320,104 $ (165,224) 3,424,203 $ (201,311) 2,927,598 $ (65,648) 3,262,309 $ 7,320,104 Adjusted EBITDA margin excluding impact from divested businesses 29 % 25% 26 % 47 % See above for a reconciliation of EBITDA, adjusted EBITDA and the non-GAAP financial measures, to Net income attributable to Albemarle Corporation, the most directly comparable financial measure calculated and reported in accordance with GAAP. ALBEMARLE 38 38#39Adjusted EBITDA supplemental¹ ($ in thousands) Adjusted EBITDA Net income attributable to noncontrolling interests Equity in net income of unconsolidated investments (net of tax) Dividends received from unconsolidated investments Consolidated EBITDA Total Long Term Debt (as reported) Off balance sheet obligations and other Consolidated Funded Debt Less Cash Consolidated Funded Net Debt Twelve Months Ended Mar 31, 2023 Mar 31, 2023 Three Months Ended Dec 31, 2022 Sep 30, 2022 4,639,646 $ 1,595,719 $ 1,243,752 $ 1,189,966 $ 135,274 38,123 29,341 33,991 (1,106,027) (396,188) (322,799) (258,884) Jun 30, 2022 610,209 33,819 (128,156) 1,309,623 547,552 450,344 193,931 $ 4,978,516 $ 1,785,206 $ 1,400,638 $ 1,159,004 $ 117,796 633,668 $ 3,235,560 146,200 $ 3,381,760 1,586,734 $ 1,795,026 0.7 0.4 Consolidated Funded Debt to Consolidated EBITDA Ratio Consolidated Funded Net Debt to Consolidated EBITDA Ratio 1 This supplemental is for net-debt-to-adjusted EBITDA ratio based on the bank covenant definition. ALBEMARLE 39 99#40ALB LISTED NYSE www.albemarle.com 40 ALBEMARLE 40#41AALBEMARLE R