#1Albemarle Investor Presentation March 2024 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," "scenario," "should," "would," and "will". Forward-looking statements may include statements regarding: our 2024 company and segment outlooks, including expected market pricing of lithium and spodumene and other underlying assumptions and outlook considerations; expected capital expenditure amounts and the corresponding impact on cash flow; market pricing of lithium carbonate equivalent and spodumene; anticipated timing of the commissioning of the Meishan, China lithium conversion facility; expectations as to Energy Storage sales volumes; expected uses of the proceeds of our mandatory convertible preferred stock offering; plans and expectations regarding other projects and activities, cost reductions and accounting charges, 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 prices; 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 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. AAlbemarle 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 (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. AAlbemarle 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. Albemarle 4#5Leading the World in Transforming Essential Resources FY 2023 Net Sales Albemarle by the Numbers¹ Employees² Customers Countries Active Patents FY 2023 Financial Highlights Albemarle ~9,000 Net Sales $9.6B Specialties 15% ~1,900 Net Income³ $1.6B -70 Adj. EBITDA (ex. LCM)4 $3.4B >1,600 Adj. EBITDA Margin (ex. LCM)4 35% Ketjen 11% ■ Clear strategy to achieve profitable growth and enhance sustainability ■ A global leader with durable competitive advantages Track record of strong financial and operating performance - -23% 5-year net sales CAGR Growth expected to continue in 2024 - +10-20% Energy Storage volumes Y/Y Capitalizing on growth opportunities in electric vehicles and beyond mobility, energy, connectivity, health 1 As of December 31, 2023 2 Includes employees of consolidated JVs 3 Attributable to Albemarle Corporation 4 Non-GAAP measure; excludes $604 LCM charge, see Appendix for definition and reconciliations of historical measures to most directly comparable GAAP measure Albemarle Energy Storage 74% AAlbemarle 5#6A Leading Provider of Lithium, Bromine and Other Essential Elements A MOBILITY ENERGY CONNECTIVITY HEALTH Advancing the future of movement by being a leading provider of materials that make mobility better and cleaner. Powering the energy transition to meet the rising needs so we can ensure the world has critical resources for years to come. Enabling an always-on world to make technology more consistent and reliable, so we can continue to innovate more efficiently. Improving quality of life by making health safer and more attainable today, so the planet and future generations can continue to thrive. AAlbemarle 6#7Expanding Global Footprint - Strong Presence in Major Markets¹ JV Silver Peak, NV, U.S. Twinsburg, OH, U.S. P New Johnsonville, TN, U.S. Kings Mountain, NC, U.S. R P = Proposed = Specialties = Energy Storage = Joint Venture = Hard Rock = Brine R = Resource P = Production R P Magnolia, R Baton Rouge, LA, U.S. P AR, U.S. La Negra, Chile P Salar de Atacama, Chile R Langelsheim, Germany P Chengdu, China Xinyu, China Richburg, SC, U.S. P Antofalla, Argentina R 1 Map is representative of Albemarle's global reach; not inclusive of all the company's sites Safi, Jordan Meishan, China P Qinzhou, China P Taichung, Taiwan RPM JV Wodgina, Australia R JV Kemerton, Australia P Greenbushes, Australia R JV AAlbemarle 7#8Diverse 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 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 Mark Mummert Senior Vice President, Capital Projects and Integrated Supply Chain Experience: 30+ years Cynthia Lima Chief External Affairs & Communications Officer Experience: 25+ years AAlbemarle 8#9Engaged, Diverse, and Accountable Board of Directors Laurie Brlas Former EVP & CFO, Newmont Mining 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 *** Dean Seavers Former President, Jerry Steiner National Grid U.S. Former EVP, Sustainability & Corporate Affairs, Monsanto Kent Masters Chairman & CEO, Albemarle 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 Former U.S. Ambassador to Chile Average Tenure ~ 6 years Audit & Finance Committee Executive Compensation & Talent Development Committee Nominating & Governance Committee Capital Investment Committee Sustainability, Safety & Public Policy Committee Chairman of the Board Lead Independent * Committee Chairperson Albemarle 9#10Resilient Competitive Strengths to Navigate Market Conditions ■ World-Class Resources > Leading Process Chemistry Diversified portfolio of best-in-class assets and resources around the globe ■ Low-cost position with vertical integration into large, high-grade resources ☐ Deep technical and operational know-how to transform essential resources Process know-how to build and operate large scale conversion assets safely High-Impact Innovation Customer-Centricity ■ Advanced solutions tailored to customer and market needs ■ New products, e.g. MercLok and lithium sulfide Reliable and trusted partner with global expertise and local experience Partnerships to facilitate innovation and mutual growth People & Planet Steward Responsible corporate citizen focused on sustainability, community engagement, and industry-leading best practices A Albemarle 10#11Adapting to Changing Market Conditions While Maintaining Growth Capital Expenditures Re-phasing of large projects to focus on those that are significantly progressed, near completion, or in startup 2024 planned capex decrease of $300M- $500M Y/Y Costs Reducing annualized operating costs by approximately $95M, largely in SG&A Reducing headcount and lowering spending on contracted services Portfolio Management Evaluating the sale of non-core investments ■ Monetized Liontown shareholdings Working Capital Harvesting cash from working capital of approximately $250M Working capital typically averages ~25% of net sales ALBEMARLE CORPORATION Proactive measures to ensure long-term financial flexibility and unlock expected >$750M of cash flow in the near-term Albemarle 11#12Realigning Capital Allocation Priorities to Current Environment 1 High-Return Growth 2 Financial 3 Flexibility Strategically grow Energy Storage and Specialties ■ Maintain capital discipline and operational excellence Flexibly re-phase investments with market Target >2x WACC at mid-cycle pricing; >1x WACC at trough ■ Committed to Investment Grade credit profile ☐ ☐ Ample liquidity (~$1.8B) to maneuver with market dynamics Target long-term net debt to adj. EBITDA ratio 1 of < 2.5x Shareholder Remuneration ■ Continue to support our dividend; grow dividend as free cash flow expands ■ Lower near-term focus on share repurchase as free cash flow pointed toward attractive growth investments ☐ ☐ 4 Portfolio Management Pursue suite of organic investments as key catalyst for growth Actively assess portfolio Reduced focus on M&A as a growth accelerant 1 Under bank covenant definition as revised in February 2024 amendment to credit agreement, see Appendix A Albemarle 12#13Our Operating Model: How We Execute & Accelerate Our Strategy Drive Greater Stakeholder Value ainable Approach Raise the Bar on Excellence High-Performance Culture The Albemarle Way of Excellence Operational Discipline Capabilities Competitive Capa Deliver Outstanding Customer Experience Albemarle R 1 Overall Equipment Effectiveness Significantly exceeded 2023 productivity target with over $300M in benefits On track to exceed $280M in productivity benefits in 2024: Manufacturing - target of $80M in 2024, via: - Increased utilization, OEE¹ improvements Project Al, leveraging machine learning on our manufacturing operations globally Procurement - target of $150M for 2024, 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 Back-Office - target of $50M for 2024 Albemarle 13#14Strong Track Record of Financial and Operating Performance Deliberate, transformational steps to position for growth (in billions) Net Sales1 $3.4 $3.3 $2.9 $7.3 Sales Volumes (in ktpa LCE) Adj. EBITDA & Margin 1,2 Energy Storage Volumes % Adj. EBITDA Margin >500 $9.6 2019A 2020A 2021A 2022A 2023A 47% 35% $3.5 $3.4 29% 25% 26% $1.0 $0.7 $0.8 2019A 2020A 2021A 2022A 2023A 1 Historical and prospective financial information excludes divestiture of FCS 2 Non-GAAP measure; 2023A excludes $604 LCM charge, see Appendix for definition and reconciliations of historical measures to most directly comparable GAAP measure 160 119 85 2021A 2022A 2023A Long-term Potential AAlbemarle 14#15Committed to Maintaining Investment Grade Credit Rating¹ Capital Structure Total Liquidity: $1.8B Revolver and Commercial Paper $100 Other Credit Lines $620 $4.2B Other Debt $3,550 Total Debt $880 Revolver $9,670 Total Equity $890 Cash & Cash Equivalents $890 Cash & Cash Equivalents 1 As of 12/31/2023 2 Under bank covenant definition as revised in February 2024 amendment to credit agreement, see Appendix $890M cash and cash equivalents $4.2B total debt YE 2023 net debt to adjusted EBITDA is 1.1x² Weighted average interest rate of 3.9% (85% fixed) On Feb. 9, completed amendment to our credit agreement to ensure on-going financial flexibility Amendment uses revised adjusted EBITDA definition, which includes Talison equity income on a pre-tax basis AAlbemarle 15#16Upsized $2.0B Mandatory Convertible Preferred Offering on Strong Investor Demand Offering Details Securities Offering size (composition) Greenshoe Dividend Conversion premium Maturity Use of proceeds Mandatory Convertible Preferred Stock $2.0 billion (100% primary) 15% (100% primary) 7.25% 20.0% / $131.28 3 years (March 1, 2027) Growth capex; general corporate purposes (including de-levering in short term) Offering Rationale • • • Capital infusion allows Albemarle to complete strategic high-return growth projects, strengthen our competitive position, and ensure financial flexibility through the current cycle Albemarle is executing proactive measures designed to optimize our cost and capital structure given current dynamic end-market conditions – particularly for the lithium industry Near-term capital spending is focused on completing projects that are significantly progressed or in startup to deliver volumetric growth and cash flow generation Albemarle remains committed to maintaining our Investment Grade credit rating an important metric for the company, our investors, and our value-chain partners AAlbemarle 16#17Sustainability 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 AAlbemarle 17#18Diversity Water/ Air Quality GHG Current Public Environmental Targets: GHG, Water, Air Quality 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 Reduce the intensity of freshwater usage by 25% by 2030 (vs 2019) in Chile and Jordan Reduce the SOx emissions by 90% by 2027 (vs 2022) STATUS On track On track Behind on an intensity basis; in line on an absolute basis New On track New Engage in holistic diversity, equity, and inclusion initiatives to drive equal opportunity for all employees including additional: Gender diversity, with a focus on women in global manufacturing, engineering, and mining roles - 2.5% increase from 2022 to 2023 New Gender diversity in global director level and above positions-1.5% increase from 2022 to 2023 New Racial diversity in U.S. director level and above positions-1.5% increase from 2022 to 2023 New AAlbemarle 18#19Recent Announcements and Recognition 50 IRMA ACHIEVEMENT LEVEL • Recognized by TIME as one of the 100 Most Influential Companies Newsweek named Albemarle One of America's Greatest Workplaces for Diversity Named one of America's 100 Most JUST Companies by JUST Capital and CNBC First lithium producer to complete an independent IRMA audit, achieving an IRMA 50 level of performance at its site in the Salar de Atacama, Chile Established a strategic agreement with Ford Motor Company to deliver battery- grade lithium hydroxide to support Ford's electric vehicle production Albemarle and Caterpillar Inc. announced collaboration on solutions to support the full circular battery value chain and sustainable mining operations Received 10 American Chemistry Council (ACC) Responsible CareⓇ Awards Won a 2024 BIG Innovation Award for MerckLok™ BEST-MANAGED COMPANIES THE WALL STREET JOURNAL. 2023 BEST-MANAGED COMPANIES Used with permission. ©2023 Dow Jones & Company, Inc. AMERICA'S GREATEST WORKPLACES 20 FOR DIVERSITY Newsweek 24 PLANT-A INSIGHTS GROUP BIG INNOVATION 20 24 AMERICA'S MOST JUST COMPANIES CNBC 2024 AAlbemarle 19#20Strong value proposition A global leader with vertical integration strength, world-class assets and a diversified product portfolio Capitalizing on long-term secular growth opportunities in the clean energy transition and beyond – mobility, connectivity, health - Taking action to preserve long-term growth and financial flexibility Albemarle R Innovating to deliver advanced solutions tailored to customer needs Disciplined operating model to scale and innovate, accelerate profitable growth, and advance sustainability Albemarle 20#21Leader in Lithium Processes 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* Ponds Salar de Atacama, Silver Peak, Antofalla*, Magnolia* 6% Li₂O Concentrate 6% Li Concentrate Lithium Conversion Lithium Products 1111 Xinyu, Chengdu, Qinzhou, Kemerton, Meishan Option to convert to Hydroxide or Carbonate via 3rd party tolling Battery and Technical Grade Lithium Hydroxide La Negra, Silver Peak Kings Mountain Optional further processing to produce hydroxide Battery and Technical Grade Lithium Carbonate Battery and Technical Grade Lithium Hydroxide Battery Grade Metal AAlbemarle 21#2255 50 Global EV Outlook Battery Size (Global EV Average)1 Lithium Market Demand Outlook: 2.5x Growth 2024-2030 (kWh per EV) 68 90 63 2023 Production / Market Penetration¹ 2024-2030 CAGR: 15-20% 50% 39% 48.8 37.0 23% 17% 20.2 14.9 2024E 2027E 2030E 2023 2024E 1.0 +28% 1.3 Lithium Demand by Application² (MMt LCE) 2024-2030 CAGR: 15-20% 2.3 3.3 MMt 2030E lithium demand down ~10% vs previous forecast due to: ☐ ☐ OEM announcements Moderated battery size growth ☐ Reductions in downstream Li salt inventory Supply expected to remain in balance given recently announced and on-going curtailments, start- up delays, and expansion delays Incentivizing growth to meet demand requires long-term prices at or above re-investment economics 가 Albemarle R 1 S&P Global Mobility, Global Production based Alternative Propulsion Forecast, June 2023; EV includes PHEVS, REEVS, and BEVS 2 Albemarle analysis EV production (M) -EV penetration (%) EV Grid Mobility Consumer Electronics Industrial Inventory Change Near-term outlook remains strong with lithium demand expected +28% Y/Y in 2024 2027E 2030E Albemarle 22#23I Cost¹ Current Market Prices Are Well Below Re-Investment Economics Substantial part of the cost curve operating below breakeven Cost-advantaged resources that are profitable even at today's market prices ALB Average 2030E Illustrative Cost² 2030E Supply assuming ~$15/kg LCE in perpetuity 2.7 MMT LCE Cumulative Supply (KT LCE) Significant portion of supply curve is currently operating below breakeven at today's market prices 2030E Supply Unconstrained 3.2 MMT LCE Higher prices required over next decade to support >100 new projects³ needed to meet demand Albemarle analysis based on industry sources 2 Illustrative cost based on current operations and operations at or near completion 3 Assuming 2022 average project production of ~20 KT LCE AAlbemarle 23#24Albemarle's Access to Large, High-Quality Lithium Assets Supports Our Low-Cost Position 1.5 0.5 Li Grade (% Li20) 95 Lithium Rock Operations¹ 2 1.82 0.9 - 1.2 0.6 - 1.0 Greenbushes² Other Operating Assets³ New Projects4 Li Concentration (mg/L Li) Lithium Brine Operations¹ 2500 2,226 2000 1500 1000 500 0 Atacama² 300 - 600 400 - 450 Other Operating Assets³ New Projects4 Albemarle assets benefit from multiple factors that drive low-cost operations ✓ FTA-compliant jurisdictions ✓ Hydrogeology Grade ✓ Mine scale ✓ Chemical composition 1 Reserves concentration and grade data sourced from S&P Capital IQ 2 Represents total mineral reserves as of 12/31/2023 3 Average of existing/in construction projects, excluding Albemarle 4 Average of announced projects not yet in construction ✓ Reserve size ✓ Sustainability ✓ Climate ✓ Utility requirements / infrastructure Albemarle 24#25Albemarle Energy Storage: Global Presence in Major Markets¹ Growth investments focused on significantly progressed or near-completion projects Kings Mountain, NC Chengdu 8 Silver Peak, NV 个 = Resource = Conversion JV = Joint Venture = Operating = Planned = Deferred = Early Stage Magnolia, AR 个 Richburg, SC 8 La Negra ° Salar de Atacama EU Mega-Flex Meishan Qinzhou Antofalla 个 Kemerton I/II Kemerton III Kemerton IV 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 88 28 Xinyu APAC Conversion Wodgina 50% JV Ť 49% JV2 Greenbushes Albemarle 25#26Maintaining Strategy to Deliver Volumetric Growth 350 MinRes Share ■Potential Tolling 300 Expected Lithium Sales Volumes¹ (kt LCE) ■Technical Grade Spodumene Lithium Carbonate 250 ■Lithium Hydroxide 200 150 119 kt 100 50 50 Expected 2024 volume +10-20% Y/Y 160 kt +/- +/- +/- +/- 2022 2023 2024E 2025E 2026E 2027E Volumetric growth with ~20% CAGR 2022-2027E Assumes ~2 years to ramp a new conversion plant Includes expansions at Silver Peak, La Negra, Kemerton I/II, Qinzhou, and Meishan Technical-grade spodumene sales of 0-10 ktpa LCE included Flexible tolling volumes from 0- 70 ktpa as bridge to further conversion expansions and based on market economics 1 All figures shown on attributable basis in LCE, reflecting revised JV structure of Wodgina which excludes marketing post-2023, 50% ownership of Wodgina, 100% ownership of Kemerton, excludes specialty products. Albemarle 26#27Industry-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 Albemarle 27#28Access to Highly Concentrated Bromine Albemarle operates from two world-class bromine resources: Arkansas, U.S. Highly integrated and specialty focused - drives product flexibility and profitability Dead Sea, Jordan Jordan Bromine Company1 (JBC) - operated and marketed by Albemarle 1 Joint Venture with Arab Potash Company (APC). 2 Based on management estimates. Relative Production Cost Bromine Concentration² (ppm) Dead Sea Concentrate Arkansas India Concentrate China Seawater 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 Industrial Cost Curve for Elemental Bromine² Dead Sea Arkansas, U.S. India China & Japan 0 100 200 300 400 500 600 700 800 2021 Estimated Capacity (KT) Djibouti Albemarle 28#29Operational 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 AAlbemarle 29#30Competitive Capabilities: Research & Technology New Product Innovation ■ Market research driven Strong IP positions ■ World-class collaborators ☐ ■ Platform approach Expanded applications capabilities in targeted areas TM MercLok Diverse and Healthy New Product Pipeline MercLok™M Remediates mercury in contaminated soils and sediments Large market opportunity (~$200M in the US alone) Multiple field pilots completed Commercially launched in US market December 2022 Potential platform for additional environmental remediation products SAYTEX ALERO™M Polymeric flame retardant (stable, large molecule) Excellent stability improves recyclability of flame-retardant plastic Superior environmental profile Broad and growing target end markets including electronics, appliances, automotive Initial customer qualifications complete - expected to be fully commercial in 2023 Lithium Specialties integration expected to bring new synergistic programs AAlbemarle 30#31Attractive Diversification Across the Portfolio Energy Storage One of the world's largest producers of lithium for battery applications - including electric vehicles World-class resources Long-term agreements with strategic partners Innovating mine-to-market; differentiating technology in extraction and conversion Specialties Diverse portfolio of highly specialized lithium and bromine solutions Ketjen A leader in refining and petrochemical catalysts ■ World-class resources Diverse end-market demand Strong track record of capital project execution New product innovations offer added growth opportunities Global portfolio of best-in-class assets Extensive product application and technical know-how ■ Sustainable solutions to improve resource efficiency (FCC) and reduce emissions (CFT) Strong, long-term relationships with customers, partners, and licensors Net sales ($B) Adj. EBITDA¹ ($B) / Net sales ($B) Adj. EBITDA ($B) / Net sales ($B) Adj. EBITDA ($B) / % margin % margin¹ % margin 38% 72% 45% 33% 30% 20% 14% 3% 10% $7.1 $1.8 $1.4 $1.5 $0.5 $4.7 $0.5 $3.4 $0.9 $1.1 $3.2 $0.3 $0.8 $0.1 $0.1 $1.1 $0.0 $0.4 2021A 2022A 2023A 2021A 2022A 2023A 1 Presented under updated adjusted EBITDA definition as of 2024 for comparative purposes, see Appendix for further details 2021A 2022A 2023A 2021A 2022A 2023A 2021A 2022A 2023A 2021A 2022A 2023A Albemarle 31#32Appendix: Non-GAAP Reconciliations#33Definitions of Non-GAAP Measures NON-GAAP MEASURE Adjusted Net Income Adjusted Diluted EPS DESCRIPTION Net income attributable to Albemarle Corporation before non-recurring, other unusual and non-operating pension and OPEB. Diluted EPS before non-recurring, other unusual and non-operating pension and OPEB. EBITDA Adjusted EBITDA Adjusted Effective Income Tax Rate Net income attributable to Albemarle Corporation before interest and financing expenses, income taxes, and depreciation and amortization. EBITDA before non-recurring, other unusual and non-operating pension and OPEB. Reported effective income tax rate before the tax impact of non-recurring, other unusual and non-operating pension and OPEB items. AAlbemarle 33#34EBITDA and Adjusted EBITDA ($ in thousands) Net (loss) income attributable to Albemarle Corporation Add back: Interest and financing expenses Income tax expense Depreciation and amortization EBITDA Non-operating pension and OPEB items Non-recurring and other unusual items Adjusted EBITDA Lower of cost or net realizable value (LCM) Adjusted EBITDA, excluding LCM Net sales EBITDA margin Adjusted EBITDA margin Adjusted EBITDA margin, excluding LCM Three Months Ended December 31, 2023 2022 Year Ended December 31, 2023 (617,680) $ 1,132,445 $ 1,573,476 2022 2,689,816 34,386 24,039 116,072 122,973 118,878 24,102 430,277 390,588 144,143 85,561 429,944 300,841 (320,273) 1,266,147 2,549,769 3,504,218 (9,804) (41,687) (7,971) (57,032) 15,090 19,292 224,487 28,671 (314,987) 1,243,752 2,766,285 3,475,857 604,099 604,099 $ 289,112 $ 1,243,752 $ 3,370,384 $ 3,475,857 $ 2,356,165 2,620,978 $ 9,617,203 $ 7,320,104 (13.6)% (13.4)% 48.3 % 26.5 % 47.9 % 47.5 % 28.8 % 12.3 % 47.5 % 35.0 % 47.5 % 47.5 % See above for a reconciliation of EBITDA and 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. Albemarle 34 =4#35Adjusted EBITDA - Continuing Operations (twelve months ended) ($ in thousands) 2019 Year ended December 31, 2020 2021 2022 2023 Net income attributable to Albemarle Corporation 533,228 375,764 $ Depreciation and amortization 213,484 231,984 123,672 254,000 $ 2,689,816 300,841 1,573,476 429,944 Non-recurring and other unusual items (excluding items associated with interest expense) 117,243 42,781 481,194 28,671 224,487 Interest and financing expenses 57,695 73,116 61,476 122,973 116,072 Income tax expense 88,161 54,425 29,446 390,588 430,277 Non-operating pension and OPEB items 26,970 40,668 (78,814) (57,032) (7,971) Adjusted EBITDA 1,036,781 $ 818,738 $ 870,974 $ 3,475,857 $ 2,766,285 Net impact of adjusted EBITDA from divested businesses Adjusted EBITDA excluding impact from divested business (49,628) 987,153 (76,325) (28,415) 742,413 $ 842,559 $ 3,475,857 $ 2,766,285 Lower of cost or net realizable value (LCM) 604,099 Adjusted EBITDA, excluding LCM and impact from divested business $ 987,153 $ 742,413 $ 842,559 $ 3,475,857 $ 3,370,384 Net sales Net impact of net sales from divested business Net sales excluding impact from divested business $ 3,589,427 (165,224) 3,424,203 $ $ 3,128,909 (201,311) 2,927,598 $ 3,327,957 $ 7,320,104 $ 9,617,203 $ (65,648) 3,262,309 $ 7,320,104 $ 9,617,203 Adjusted EBITDA margin excluding impact from divested businesses 29% 25 % 26 % 47 % 29% 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. AAlbemarle 35#36Adjusted EBITDA supplemental¹ Amended Credit Agreement ($ in thousands) Adjusted EBITDA Equity in net income of unconsolidated investments (net of tax) Twelve Months Ended Dec 31, 2023 Dec 31, 2023 Sep 30, 2023 Three Months Ended Jun 30, 2023 Mar 31, 2023 2,766,285 (314,987) $ 453,287 (1,854,082) Equity in pre-tax Windfield Holdings income 2,619,413 (436,537) 620,594 (470,306) 665,616 1,032,266 (551,051) 779,919 1,595,719 (396,188) 553,284 Dividends received from non-Windfield Holdings unconsolidated investments 16,362 5,287 7,186 2,687 1,202 Consolidated Windfield -Adjusted EBITDA $ 3,547,978 (125,643) 655,783 1,263,821 1,754,017 Total ALB Long Term Debt (as reported) $ 4,166,763 49% Windfield Holdings debt 494,764 217,150 Off balance sheet obligations and other Consolidated Windfield -Adjusted Funded Debt Less ALB Cash Less 49% Windfield Holdings cash 4,878,677 889,900 95,743 Consolidated Windfield -Adjusted Funded Net Debt $ 3,893,034 Consolidated Leverage Ratio 1.1 1 This supplemental is for net-debt-to-adjusted EBITDA ratio based on the bank covenant definition. AAlbemarle 36#37ALB LISTED NYSE www.albemarle.com AAlbemarle 37#38Albemarle