#1Albemarle Investor Presentation December 2023 Albemarle#2Forward-Looking Statements This presentation contains 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 govemment regulation; regulatory actions, proceedings, claims or litigation; cyber-security breaches, terrorist attacks, industrial accidents or natural disasters; political unrest and war, including the situation in the Middle East and military conflicts in Ukraine; 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 presentation. 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 eamings 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 altematives to Net income attributable to Albemarle Corporation ("eamings") 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 Albemarle 4#5Leading the World in Transforming Essential Resources 2022 Net Sales Albemarle by the Numbers¹ Employees² Customers Countries Active Patents FY 2022 Financial Highlights Ketjen 12% ~7,400 Net Sales $7.3B Albemarle ~1,900 Net Income³ $2.7B Specialties 24% -70 Adj. EBITDA4 $3.5B Albemarle Energy Storage 64% >2,100 Adj. EBITDA Margin4 47% 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 - +30-35% net sales Y/Y Capitalizing on growth opportunities in electric vehicles and beyond - mobility, energy, connectivity, health 1 As of December 31, 20222 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 5#6Diverse and Dedicated Leadership Team Focused on Delivering Shareholder Value Kent Masters Chairman & CEO Experience: 30+ years Neal Sheorey Chief Financial Officer Experience: 20+ years Eric Norris President, Energy Storage Experience: 25+ years Netha Johnson 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 Cynthia Lima Chief External Affairs & Communications Officer Experience: 25+ years Albemarle 6#7Engaged, Diverse, and Accountable Board of Directors Laurie Brlas Former EVP & CFO, Newmont Mining cii Glenda Minor Former SVP & CFO, Evraz North America " Ralf Cramer Former President and CEO, Continental China Diarmuid O'Connell Former VP, Corp & Business Development, Tesla Motors Jim O'Brien Former Chairman & CEO, Ashland cii⭑ Dean Seavers Former President, National Grid U.S. cit Kent Masters Chairman & CEO, Albemarle White 70% Racial Diversity Gender Diversity Male 70% Black 20% Hispanic 10% Female 30% Jerry Steiner Former EVP, Sustainability & Corporate Affairs, Monsanto CO Holly Van Deursen Former Group Vice President, Petrochemicals, BP Alex Wolff Former U.S. Ambassador to Chile cit Average Tenure ~ 6 years Audit & Finance Committee Executive Compensation Committee Nominating & Governance Committee Capital Investment Committee Health, Safety & Environment Committee Chairman of the Board Lead Independent C Committee Chairperson Albemarle 7#8DEEPLY EMBEDDED DEVELOPING Durable Competitive Advantages Differentiate Albemarle as an Industry Leader Customer-centric collaboration • Å R&D expertise for next generation materials Capital project execution expertise Enhanced sustainability performance Comprehensive operating model to achieve operational excellence F Portfolio of best-in-class assets and resources & Industry-leading safety performance around the globe Process technology and product applications knowledge ון Solid balance sheet, cash flow & portfolio management, create maximum financial flexibility Continuing to develop and embed our competitive advantages AAlbemarle 8#9Our Operating Model: How We Execute & Accelerate Our Strategy Drive Greater Stakeholder Value ainable Approach Raise the Bar on Excellence High-Performance The Albemarle Way of Excellence rational Discipline Competitive Capabilities Deliver Outstanding Customer Experience Operational Discipline ☐ Embrace LEAN principles and continuous improvement Drive manufacturing, business and capital execution excellence On track to exceed $170M in productivity benefits in 2023: Manufacturing - target of $70M in 2023, via: - Increased utilization, OEE¹ improvements Project Al, leveraging machine learning on our manufacturing operations globally Procurement - target of $100M for 2023, via: - Strategic sourcing to capture deflation in raw materials and ocean freight Targeted logistics supplier/supply management efficiency enhancements Optimizing corporate services, e.g., pooling spends Targeting additional productivity benefits in 2024 across manufacturing, procurement, and back-office Albemarle 9 Albemarle R 1 Overall Equipment Effectiveness#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 Albemarle 10#11Providing Critical Ingredients for Mobility, Energy, Connectivity and Health wwwwww.p MOBILITY Advancing the future of movement by being the leading provider of materials that make mobility better and cleaner. ENERGY CONNECTIVITY Enabling an always-on world to make technology more consistent and reliable, so we can continue to innovate more efficient. HEALTH Powering the energy transition to meet the rising needs so we can ensure the world has critical resources for years to come. DEFIBRILLATON Improving quality of life by making health safer and more attainable today, so the planet and future generations can continue to thrive. A Albemarle 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 Waste Sustainable Shareholder Value Foster the conditions that create sustainable value for shareholders 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#13Water/ Current Public Environmental Targets: GHG, Water, Air Quality GHG CURRENT GOAL Grow our Energy Storage in a scope 1+2 carbon-intensity neutral manner through 2030 (vs 2019) Reduce scope 1+2 carbon-intensity of Specialties by 35% by 2030 (vs 2019) in alignment with science-based targets Reduce scope 1+2 carbon-intensity of Ketjen by 35% by 2030 (vs 2019) in alignment with science- based targets Engage with suppliers to collect primary data for 75% (by 2023) and 90% (by 2024) of our raw material carbon footprint in preparation for a scope 3 reduction target STATUS On track On track Behind on an intensity basis; in line on an absolute basis New Diversity Air Quality Reduce the intensity of freshwater usage by 25% by 2030 (vs 2019) in Chile and Jordan On track Reduce the SOx emissions by 90% by 2027 (vs 2022) New Increase global gender diversity from 24% to 26.5% with an emphasis on manufacturing, engineering and mining roles (2023 vs 2022) New Increase global gender diversity in director level and above positions from 21% to 22.5% (2023 vs 2022) New Increase U.S. racial diversity at director level and above from 21% to 22.5% (2023 vs 2022) New Albemarle 13#14Strong Track Record of Financial and Operating Performance Deliberate, transformational steps to position for growth (in billions) Nameplate Conversion Capacity (in ktpa LCE) Net Sales1 Adj. EBITDA & Margin 1,2 Lithium Conversion Capacity % Adj. EBITDA Margin $9.5 - $9.8 $3.4 $3.3 $2.9 $7.3 2019 2020 2021 2022 2023E 34% - 35% 47% $3.2-$3.4 $3.5 200 500-600 29% 26% 25% $1.0 85 $0.8 $0.7 40 H 2019 2020 2021 2022 2023E 2015 2019 2022 2027 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#15Continued Growth in a Turbulent Macro Environment Economic Conditions Vary by Segment 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 freight, continued supply chain issues Materials/Services Nearly 20% is company-owned spodumene ■ Other major inputs include BPA, chlorine, molybdenum, caustic soda, soda ash ■ Other services includes warehousing Royalties 15% Energy/Freight 5% 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% Labor Labor (incl GSA) 15% Increasing headcount to prepare for long-term growth, plus inflation impacts Other Depreciation Other standard cost components Other 10% Materials/ Services 55% 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% Albemarle 15#16Disciplined Capital Allocation to Support Growth Strategy Invest in High-Return Growth Portfolio Management Maintain Financial Flexibility Dividends & Share Repurchases 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 ■ M&A to accelerate growth at attractive returns; primary targets include: Lithium resources Process technology, including for advanced materials Battery recycling ■ Committed to Investment Grade rating " Targeting moderate leverage levels to preserve flexibility $1.6B cash and cash equivalents Continue to support our dividend ■ Limited cash flow available for repurchase as we invest in growth Expected 29th year of dividend growth Albemarle R 16#17Financial Flexibility to Execute Growth Strategy High-return organic growth and potential M&A to complement existing portfolio Build and maintain world-class resource base Specialized, next-gen technology and/or materials ■ Customer partnerships to accelerate growth, improve sustainability, and develop technologie ■ Bolt-on assets (buy vs build) Committed to disciplined investment Ability to accelerate high-return growth Target >2x WACC at mid-cycle pricing; minimum >1x WACC at trough pricing Ability to maintain Investment Grade credit rating and support dividend ■ Accretive to shareholders Albemarle 17#18$M Committed to Maintaining Investment Grade Credit Rating¹ NET CASH FROM OPERATIONS ($M) LEVERAGE³ (x) CAPITAL EXPENDITURES ($M) $4,000 $3,000 $2,000 $1,000 $0 -$1,000 -$2,000 -$3,000 0.5x 1.2x-1.3x $1.3B As of Q3 2023: $1.9B - $2.1B $1.6B cash and cash equivalents $3.7B total debt (99% fixed rate) • 3.7% weighted average interest • 0.4x Net Debt to Adj. EBITDA4 Financial covenant of TTM net debt to EBITDA less than or equal to 3.5x Working capital typically averages -25% of net sales 2022A ■ D&A Net Income * Other 2023E 2022A 2023E 2022A 2023E Change in Working Capital Significant operating cash flow and financial flexibility to fund high-return growth investments 1 Estimates as of November 1, 2023 2 Includes settlement of prior legal matter 3 Leverage defined as consolidated net funded debt to consolidated EBITDA ratio; 2023E leverage assumes FY 2023E Adjusted EBITDA guidance of $3.2B to $3.4B 4 Bank covenant definition, see Appendix Albemarle 18#19Continuing to expect growth in 2023, updating outlook with net sales +30-35% Y/Y Key Takeaways A global leader with vertical integration to 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 Albemarle R Clear strategy with disciplined operating model to scale and innovate, accelerate profitable growth, and advance sustainability AAlbemarle 19#20Energy Storage Overview Y/Y Q3 Performance Drivers Net sales up +20% (price³ -17%, volume +40%); adjusted EBITDA down 62% Increased sales due to higher volumes driven by new capacity from La Negra III/IV in Chile and Qinzhou, China, as well as increased tolling Lower adjusted EBITDA due to higher spodumene pricing in costs of goods sold FY 2023 Outlook (as of November 1, 2023) Energy Storage FY 2023 adj. EBITDA is expected to be flat to slightly down Y/Y, as timing impacts of higher priced spodumene inventories more than offset higher net sales FY 2023 realized price expected to range from 15% to 20% Y/Y, assuming recent market prices continue through year-end FY 2023 volume expected to range from +30-35% Y/Y, driven by ramping of new capacity, plus additional tolling Drivers/Sensitivities Global accelerated EV adoption supported by regulation and technological improvements Emerging technologies; battery cost declining + performance improving Security of supply essential to underwrite global auto OEM investment in vehicle electrification Q3 2023 Performance (in millions) Net Sales Q3 2023 Y/Y $1,697 20% Net Sales ex FX1 $1,737 23% Adj. EBITDA4 $407 (62%) Adj. EBITDA ex FX1,4 Adj. EBITDA Margin4 $430 (60%) 24% -5280 bps Adj. EBITDA Margin ex FX1,4 25% -5200 bps Historical Trend (TTM) Adjusted EBITDA Adjusted EBITDA Margin $4,602M $4,153M $3,925M $1,970M $3,032M 68% 65% 65% 65% 53% 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. 3Q2022 4Q2022 1Q2023 2Q2023 3Q2023 Albemarle 20#21Expanding Global Footprint - Strong Presence in Major Markets¹ = New = Resource = Conversion JV Joint Venture = = Hard Rock = Brine Kings Mountain, NC, U.S. Silver Peak, NV, U.S. Magnolia, AR, U.S. La Negra, Chile Salar de Atacama, Chile Richburg, SC, U.S. Antofalla, Argentina EU Mega-Flex, TBD 1 Map is representative of Albemarle's global reach; not inclusive of all the company's sites 2 Joint venture ownership interest, with right to 50% of the offtake Chengdu, China Meishan, China Xinyu, China Kemerton, Australia Qinzhou, China APAC Conversion, TBD Wodgina, Australia 50% JV Greenbushes, Australia 49% JV² Albemarle 21#22Established Processes for Conventional Resources Continuous improvement through optimization, efficiency, technology advancements Resource Extraction Hard Rock 0.5-2.5% Li₂O Brine 0.01-0.30% Li *Not currently in operation Mines Greenbushes, Wodgina, Kings Mountain* 6% Li₂O Concentrate Ponds HOOD Salar de Atacama, Silver Peak, 6% Li Concentrate Antofalla*, Magnolia* Lithium Conversion 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 Kings Mountain Lithium Products Battery and Technical Grade Lithium Hydroxide Battery and Technical Grade Lithium Carbonate Battery and Technical Grade Lithium Hydroxide Battery Grade Metal Albemarle 22#232 4 6 8 Jan Feb Mar Apr May Jun լոՐ 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 CAGR: 25-30% Lithium Demand ALB Projections³ (MMt LCE) Aug Sep Oct Nov Dec 2019 2.5 3% 2022E 11.2 2023E 18% 14% 25.7 15.7 2025E 2030E 4.0 48% 3.5 3.0 46.9 1.8MMt 28% 2.5 2025 1 Marklines data as of 01/25/2023 2 S&P Global Mobility, Global Production based Alternative Propulsion Forecast, November 2022 3 Albemarle analysis 0.5 2019 1.0 2021 1.5 2.0 3.7MMt 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 2023 2025 2027 2029 2022E 1.2MMt 0.8MMt 2023E 2025E Albemarle 23 2030E by Application³ (MMt LCE) 2022-2027 CAGR: 25-30% 1.8MMt 3.7MMt#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 Excl. 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#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 and $90M DOD grants help 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 Indicative resources capital costs of $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#26Potential to Triple Lithium Conversion Capacity by 2030 Estimated Lithium Conversion Nameplate Capacity1 100% basis, ktpa LCE basis Meishan I/II 200 ktpa Magnolia EU Mega-Flex La Negra Expansion Antofalla Other APAC Kemerton III/IV US Mega-Flex Qinzhou II 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 Indicative conversion capital costs² vary 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 100% 2 Per annual ton of capacity Albemarle 26#27Maintaining Strategy to Deliver Volumetric Growth 350 Min Res Share ■Potential Tolling 300 Expected Lithium Sales Volumes¹ (kt LCE) ■Technical Grade Spodumene ■Lithium Carbonate 250 ■Lithium Hydroxide 200 Expected 2023 volume +30-35% Y/Y CAGR +20-30%2 +/- +/- 150 100 50 50 +/- +/- 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 Volumes increasing into the coming years 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 attributable basis in LCE, reflecting 50% ownership of Wodgina, 100% ownership of Kemerton, excludes specialty products Approximate 5-yr CAGR based on 2022 to 2027E 2 Albemarle 27#281 2 Contract Mix Reflects Changes in Lithium Market Prices Energy Storage Net Sales1 (by Contract Type) Spot ~20% 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) -80% 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 An assumed +$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 or volumes As of September 30, 2023; excludes technical grade spodumene and by-product net sales Assumes prevailing market pricing and Albemarle contract book as of September 30, 2023 2023E Albemarle 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#30Specialties Overview Y/Y Q3 Performance Drivers Net sales down -20% (price³ -13%, volume -7%); adjusted EBITDA down 65% Decreased sales due to lower volumes and prices impacted by weaker demand, particularly for consumer electronics Adjusted EBITDA impacted by weakness in certain end-use markets including consumer, industrial electronics, and elastomers FY 2023 Outlook (as of Nov 1, 2023) Specialties FY 2023 adj. EBITDA expected to be down 40-45% Y/Y, down from previous outlook Continued softness in consumer electronics and elastomers; stronger demand in other Specialties end-markets, including oilfield services, agriculture, and pharmaceuticals Operating normally at JBC (Jordan Bromine Company); monitoring potential impacts of the current situation in the Middle East Drivers/Sensitivities GDP+ growth with diverse applications and end-markets in mobility, energy, connectivity, and health Supported by underlying trends in digitalization and electrification Q3 2023 Performance (in millions) Net Sales Q3 2023 Y/Y $353 -20% Net Sales ex FX1 $352 -20% Adj. EBITDA4 $46 -65% Adj. EBITDA ex FX1,4 $53 -60% 13% -1730 bps Adj. EBITDA Margin ex FX1,4 15% -1530 bps Adj. EBITDA Margin4 Historical Trend (TTM) Adjusted EBITDA Adjusted EBITDA Margin $543M $527M $537M $450M $362M 32% 31% 30% 27% 23% 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. 3Q22 4Q22 1Q23 2Q23 3Q23 Albemarle 30#31Albemarle Specialties - Strong Presence in Major Markets¹ Magnolia, AR Twinsburg, OH Baton Rouge, LA (Research Facility) New Johnsonville, TN 1 Map is representative of Albemarle's global reach; not inclusive of all the company's sites Langelsheim, Germany Safi, Jordan (Joint Venture) = Production = Resource Taichung, Taiwan AAlbemarle 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 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. Dead Sea Concentrate Arkansas India Concentrate Relative Production Cost China Seawater Bromine Concentration² (ppm) 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 Industrial Cost Curve for Elemental Bromine² Dead Sea China Arkansas, U.S. & Japan 0 100 200 300 400 500 600 700 800 2021 Estimated Capacity (KT) Djibouti Albemarle 32#33Operational Discipline: Manufacturing Excellence & Capital Project Execution 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 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 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#34Competitive Capabilities: Research & Technology New Product Innovation ■ Market research driven ■ Strong IP positions ■ World-class collaborators ■ Platform approach Expanded applications capabilities in targeted areas TMN MercLok Diverse and Healthy New Product Pipeline MercLok™ 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 ==#35Ketjen Overview Q3 2023 Performance Q3 2023 Y/Y $261 11% Net Sales ex FX1 $258 9% Adj. EBITDA4 $15 227% Adj. EBITDA ex FX1,4 $15 236% Adj. EBITDA Margin4 6% +360 bps Adj. EBITDA Margin ex FX1,4 6% +370 bps Y/Y Q3 Performance Drivers Net sales up 11% (price³ +8%, volume +1%); adjusted EBITDA up 227% Increased sales due to higher prices primarily in clean fuel technologies and PCS Adjusted EBITDA increased largely due to higher prices and insurance claim receipts FY 2023 Outlook (as of Nov 1, 2023) Ketjen FY 2023 adj. EBITDA expected to be up 250-325% Y/Y, decreased from previous outlook primarily due to timing of shipments and customer mix Higher volumes across product segments driven by high refinery utilization; higher pricing primarily for FCC products (in millions) Net Sales Drivers/Sensitivities FCC miles driven/transportation fuel consumption - HPC - environmental sulfur regulations and miles driven/transportation fuel consumption PCS plastic and polyurethane demand 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. Historical Trend (TTM) Adjusted EBITDA O Adjusted EBITDA Margin $59M $70M $59M $29M $26M 7% 6% 7% 3% 3% 3Q22 4Q22 1Q23 2Q23 3Q23 35 35#36Appendix: Non-GAAP Reconciliations#37Definitions of Non-GAAP Measures NON-GAAP MEASURE Adjusted Net Income Adjusted Diluted EPS EBITDA DESCRIPTION Net income attributable to Albemarle Corporation before non-recurring, other unusual and non-operating pension and OPEB. Diluted EPS before non-recurring, other unusual and non-operating pension and OPEB. Net income attributable to Albemarle Corporation before interest and financing expenses, income taxes, and depreciation and amortization. Adjusted EBITDA Adjusted Effective Income Tax Rate EBITDA before non-recurring, other unusual and non-operating pension and OPEB. Reported effective income tax rate before the tax impact of non-recurring, other unusual and non-operating pension and OPEB items. Albemarle 37#38Adjusted EBITDA - Continuing Operations (twelve months ended) ($ in thousands) Net income attributable to Albemarle Corporation Depreciation and amortization Non-recurring and other unusual items (excluding items associated with interest expense) Interest and financing expenses Income tax expense Non-operating pension and OPEB items Adjusted EBITDA Net sales Adjusted EBITDA margin Twelve Months Ended Sep 30, 2022 Dec 31, 2022 Mar 31, 2023 Jun 30, 2023 Sep 30, 2023 $ 1,553,547 283,515 $ 2,689,816 $ 3,675,013 $ 3,918,283 $ 3,323,601 300,841 321,538 343,630 371,362 215,768 28,671 (14,691) 198,217 228,689 104,240 122,973 121,916 106,084 105,725 381,510 390,588 587,021 540,990 335,501 (77,752) (57,032) (51,151) (45,501) (39,854) $ 2,460,828 $ 3,475,857 $ 4,639,646 $ 5,061,703 $ 4,325,024 5,593,330 $ 7,320,104 $ 8,772,628 9,663,225 $ 9,882,016 44 % 47 % 53 % 52 % 44 % See above for a reconciliation of adjusted EBITDA and pro-forma adjusted EBITDA, 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. See above for a reconciliation of pro-forma net sales, the non-GAAP financial measure, to net sales, the most directly comparable financial measure calculated and reported in accordance with GAAP. Albemarle 38#39Adjusted EBITDA Supplemental¹ ($ in thousands) Adjusted EBITDA Net income attributable to noncontrolling interests Twelve Months Ended Sep 30, 2023 Three Months Ended Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 $ 4,325,024 112,020 Equity in net income of unconsolidated investments (net of tax) Dividends received from unconsolidated investments (1,740,344) 453,287 18,160 (470,306) 2,389,569 859,786 Consolidated EBITDA Total Long Term Debt (as reported) Off balance sheet obligations and other Consolidated Funded Debt Less Cash Consolidated Funded Net Debt Consolidated Funded Debt to Consolidated EBITDA Ratio $ 5,086,269 $ 860,927 $ 1,032,266 26,396 (551,051) 531,887 1,039,498 1,595,719 $ 38,123 (396,188) 547,552 1,785,206 $ Dec 31, 2022 1,243,752 29,341 (322,799) 450,344 1,400,638 3,658,322 191,200 3,849,522 1,601,668 $ 2,247,854 Consolidated Funded Net Debt to Consolidated EBITDA Ratio 0.8 0.4 1 This supplemental is for net-debt-to-adjusted EBITDA ratio based on the bank covenant definition. Albemarle 39#40ALB LISTED NYSE www.albemarle.com Albemarle 40#41Albemarle