#1Albemarle Q2 2023 Earnings Aug 3, 2023 9:00am ET 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 they are presented. 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 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#4Excellent Q2 Results Supporting Growth $2.4B Q2 2023 NET SALES $1.0B Q2 2023 ADJ. EBITDA1 +60% VS PRIOR YEAR +69% VS PRIOR YEAR 2023 Outlook Adjusted to reflect market changes in Energy Storage and Specialties +40-55% 2023 NET SALES Y/Y Recognized for Albemarle's growth, impact, and sustainability efforts Named to Fortune 500 and TIME 100 Achieved IRMA 50 in the Salar de Atacama Published 2022 Sustainability Report, with strong progress towards targets for water usage, emissions, and DE&I Established strategic agreement with Ford to supply >100,000 mt lithium hydroxide over 2026 to 2030 Agreed to amend and simplify transaction signed earlier this year with Mineral Resources Ltd. 1 See appendix for non-GAAP reconciliations. AALBEMARLE 4#5Q2 2023 Financial Summary (in millions, except per share amounts) Q2 2023 Q2 2022 Variance Net Sales $2,370 $1,480 +60% Net Income Attributable to Albemarle Corporation $650 $407 +60% Adjusted EBITDA¹ $1,032 $610 +69% Adjusted EBITDA Margin¹ 44% 41% +300 bps Diluted EPS $5.52 $3.46 +60% Non-Operating Pension and OPEB Items -0.03 NM Non-Recurring and Other Unusual Items 1.812 0.02 NM Adjusted Diluted EPS1 $7.33 $3.45 +113% 1 See appendix for non-GAAP reconciliations 2 Primarily related to accrual of $218.5 million related to agreements in principle to resolve the previously disclosed matter (the "DOJ matter") with the U.S. Department of Justice ("DOJ") and the Securities Exchange Commission ("SEC"). AALBEMARLE 5#6Q2 2023 Adjusted EBITDA¹ Bridge ($ in millions) $1,200 $467 $34 $5 $0 $1,032 $1,000 ($84) $800 $610 $600 $400 $200 $0 Q2 2022 Energy Storage Specialties Note: Numbers may not reconcile due to rounding. 1 See appendix for non-GAAP reconciliations. Net of FX +69% Ketjen Corp FX Q2 2023 AALBEMARLE 6#7Raising FY 2023 Outlook to Reflect Recent Lithium Market Prices Previous FY 2023 Guidance as of May 3, 2023 Revised FY 2023 Guidance² as of August 2, 2023 2023 Revised Guidance vs FY 20222 FY 2022 Net Sales $7.3B $9.8B $11.5B $10.4B $11.5B 40% to 55% Adj. EBITDA 1, 2 $3.5B $3.3B $4.0B $3.8B-$4.4B 10% to 25% Adj. EBITDA Margin 1,2 47% 34% - 35% 37% -38% Adj. Diluted EPS1, 2 $21.96 $20.75 $25.75 $25.00 $29.50 15% to 35% • Net Cash from Operations $1.9B $1.7B-$2.3B $1.2B - $1.8B (35%) to (5%) Capital Expenditures $1.3B $1.7B $1.9B - $1.9B $2.1B . Increase in Adj. EBITDA primarily due to higher Energy Storage pricing Decrease in Net Cash from Operations primarily driven by timing of Energy Storage shipments and expected resolution of the DOJ matter Increase in Capital Expenditures reflects retention of full ownership in lithium processing assets under the amended agreements with Mineral Resources Other Inputs for 2023: Depreciation and Amortization $430M - $450M Adjusted effective tax rate 20%- 22% Corporate costs $110M - $120M • Interest and financing expenses $130M - $140M 1 See appendix for FY 2022 non-GAAP reconciliations. 2 The company does not provide the GAAP measures of net income, gross margin, or diluted earnings per share on a forward-looking basis, or a reconciliation of adjusted EBITDA or adjusted diluted earnings per share to such measure, respectively, because it is unable to estimate significant non-recurring or unusual items without unreasonable effort. See "Non-GAAP Measures" for more information. Weighted-average common shares outstanding - diluted 117.8M AALBEMARLE 7#8Improved Energy Storage Outlook More Than Offsets Economic Pressures on Specialties ENERGY STORAGE • SPECIALTIES KETJEN • • As of August 2, 2023 Energy Storage FY 2023 adj. EBITDA expected to be up 15-30% Y/Y, as higher net sales more than offset timing impacts of higher priced spodumene inventories; increase from previous outlook reflects recent lithium market prices FY 2023 realized price expected to be at the high end of the previous range of 20-30% Y/Y, assuming recent market prices continue through year end FY 2023 volume expected to be at the high end of the previous range of 30-40% Y/Y, driven by ramping of new capacity, plus additional tolling Stronger 2H net sales expected with execution of project ramps, tolling, and spot volumes; weaker 2H adj. EBITDA due to timing impacts of higher priced spodumene inventories Specialties FY 2023 adj. EBITDA expected to be down 15-25% Y/Y, down from previous outlook Q2 expected to be weakest EBITDA quarter; reduced production and pulled forward planned maintenance Continued softness in consumer electronics and elastomers; stronger demand in other Specialties end-markets, including pharmaceuticals and oilfield Ketjen FY 2023 adj. EBITDA expected to be up 325-425% Y/Y, increased from previous outlook due to receipt of insurance claim Higher volumes across product segments driven by high refinery utilization; higher pricing primarily for FCC products • Inflation in material costs and energy costs expected to moderate in 2023 AALBEMARLE 8#9Contract Pricing Reflects Changes in Lithium Market Prices Energy Storage Net Sales1 (by Contract Type) Spot Purchase order-based price negotiations, heavily ~20% influenced by index 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 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 or volumes Variable Index-referenced, variable-priced (typically 3-month lag, some with floors and ceilings, specifics vary by contract) ~80% 2023E 1 As of June 30, 2023; excludes technical grade spodumene and by-product net sales 2 Assumes prevailing market pricing and Albemarle contract book as of June 30, 2023 AALBEMARLE 9#10Maintaining Strategy to Deliver Volumetric Growth Expected Lithium Sales Volumes 350 ■Potential Tolling ■Technical Grade Spodumene 300 ■Lithium Carbonate ■Lithium Hydroxide 250 200 2023 volume +30-40% Y/Y (kt LCE) CAGR +20-30%² +/- +/- 150 100 50 50 +/- +/- +/- 2022 2023E 2024E 2025E 2026E 2027E ■ 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 1 All figures shown on 100% basis in LCE, volumes include MARBL JV (Expected 50% ownership of Wodgina, 100% ownership of Kemerton, pending regulatory approvals), excludes specialty products 2 Approximate 5-yr CAGR based on 2022 to 2027E AALBEMARLE 10#1172% Pre-Tax Adj. EBITDA Margin Energy Storage Adjusted EBITDA Margin Bridge - 2022 vs 2023 forecast Talison JV Tax Impact 7% 65% -10% -20% ~5% ~5% -6% ~45% 2022 Adj. EBITDA Margin¹ Price Talison JV Spod Inventory Lag MARBL JV Acct'g 2 2 Other 2023 Adj. EBITDA Margin 2023 margins are expected to normalize primarily due to spodumene inventory lags 1 See appendix for non-GAAP reconciliations 2 Mineral Resources will enter a transitional tolling arrangement with Albemarle to convert Wodgina spodumene until 30 June 2024. Mineral Resources will transition to market its own share of Wodgina spodumene concentrate and lithium battery chemicals within two months of the completion date. -46% EBITDA Margin Pre-Tax Adj. AALBEMARLE 11#12Disciplined 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 ■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 ■ 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 Additional 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 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 perational Discipline Capabilities Competitive Deliver Outstanding Customer Experience 1 Overall Equipment Effectiveness FEATURED PILLAR Operational Discipline Embrace LEAN principles and continuous improvement Drive manufacturing, business and capital execution excellence On track to exceed $250M in productivity benefits: • Manufacturing - target of $150M over 2 years, via: Increased utilization, OEE¹ improvements • Project Al, leveraging machine learning on our manufacturing operations globally Procurement - target of $100M for 2023, via: Strategic sourcing and supplier management to capture deflation in raw materials and ocean freight Targeted logistics supplier/supply management efficiency enhancements Optimizing corporate services, e.g. pooling spends Capital Execution Excellence Capital Projects - 4 key capital projects on time and within budget, including Salar Yield Improvement Project and Meishan 13#14Strengthening Global Footprint in Resources and Conversion Q2 2023 Project Developments Chile • Salar Yield Improvement Project achieved mechanical completion and has moved to the commissioning phase Australia • Kemerton I is operating and producing battery-grade product subject to customer qualification Kemerton II is progressing through commissioning Kemerton III/IV have been gated into execution China Amended Agreements with Mineral Resources • Acquire 100% ownership of Kemerton • Wodgina jointly owned 50/50 under MARBL JV 10% interest in Wodgina exchanged for 25% interest in Kemerton Expected to pay $380-400M upon closing, roughly split between: Purchase of remaining 15% ownership of Kemerton Settlement adjustments for economic effective date of April 1, 2022 and other transaction costs Retain 100% ownership of Qinzhou and Meishan • Qinzhou ramping on-schedule to nameplate capacity • Meishan construction progressing on-budget and ahead of schedule with mechanical completion expected in early 2024 • Closing anticipated later this year, pending Australian regulatory approvals Strong execution capability with projects at scale across multiple continents 14#15Global EV Demand Outlook Regains Strong Growth Momentum Cumulative EV Sales (millions) 20 20 15 10 '20-'23 Global EV Sales: Cumulative YTD1 2023 LEV Production² 14.9M 10.5M 6.4M 2.9M Jan Mar 2020 May -2021 Jul Sep -2022 Nov 2023 Monthly EV Sales (millions) 115 1.5 1.0 0.5 Global EV Sales: Monthly Actuals¹ 0.0 Jan Mar 2020 May 2021 Jul Sep Nov 2022 2023 Global EV sales remain on track for +40% Y/Y growth, with seasonal acceleration in 2H Monthly EV sales have rebounded in both China and Europe; preliminary June EV sales >+30% M/M 1 MarkLines data as of 7/23/2023, June data is incomplete with some countries yet to report sales 2 S&P Global Mobility, Global Production based Alternative Propulsion Forecast, July 2023; LEV = low-emission vehicle, which includes PHEVS and BEVS AALBEMARLE 15#16Continuing to expect growth in 2023, increasing guidance with net sales +40-55% YoY Key Takeaways 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 16#17Q2 2023 Investor Relations Events Aug 3-4 Q2 2023 Earnings Sept 6 Sept 7 UBS Chemicals Conference Meredith Bandy, CFA VP, Investor Relations & Sustainability [email protected] +1 980.999.5168 Jefferies Industrials Conference Brook Wootton, IRC Senior Director, Investor Relations [email protected] +1 980.766.1922 Sept 18 Eden Rock Investor Meeting Eran del Castillo Manager, Investor Relations [email protected] +1 980.299.5619 AALBEMARLE 17#18AALBEMARLE R#19Appendix: Non-GAAP Reconciliations#20Definitions of Non-GAAP Measures NON-GAAP MEASURE Adjusted Net Income Pro-forma Adjusted Net Income Adjusted Diluted EPS Pro-forma Adjusted Diluted EPS EBITDA Adjusted EBITDA Pro-forma Adjusted EBITDA Pro-forma Net Sales Adjusted Effective Income Tax Rate DESCRIPTION Net income attributable to Albemarle Corporation before non-recurring, other unusual and non-operating pension and OPEB. 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. Diluted EPS before non-recurring, other unusual and non-operating pension and OPEB items, and the net impact of the divested business. 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. 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. AALBEMARLE 20#21Adjusted Net Income Three Months Ended Year Ended June 30, December 31, ($ in thousands) 2023 2022 2022 Net income attributable to Albemarle Corporation Add back: $ 650,043 $ 406,773 $ 2,689,816 Non-operating pension and OPEB items (net of tax) Non-recurring and other unusual items (net of tax) Adjusted net income attributable to Albemarle Corporation 381 213,194 (3,946) (42,189) 2,909 (61,377) $ 863,618 $ 405,736 $ 2,586,250 Adjusted diluted earnings per share 7.33 $ 3.45 $ 21.96 Weighted-average common shares outstanding diluted 117,769 117,724 117,793 See above for a reconciliation of adjusted net income, 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. AALBEMARLE 21#22EBITDA and Adjusted EBITDA Three Months Ended June 30, Year Ended December 31, 2023 2022 2022 ($ in thousands) Net income attributable to Albemarle Corporation $ % of net sales % of net $ 650,043 27.4 % $ $ 406,773 sales $ % of net sales 27.5 % $ 2,689,816 36.7 % Add back: Interest and financing expenses 25,577 1.1 % 41,409 2.8 % 122,973 1.7 % Income tax expense 42,987 1.8 % 89,018 6.0 % 390,588 5.3 % Depreciation and amortization 93,085 3.9 % 70,993 4.8 % 300,841 4.1 % EBITDA 811,692 34.2 % 608,193 41.1 % 3,504,218 47.9 % Non-operating pension and OPEB items 612 % (5,038) (0.3)% (57,032) Non-recurring and other unusual items 219,962 Adjusted EBITDA Net sales EBITDA margin Adjusted EBITDA margin $ 1,032,266 9.3 % 43.6 % $ 7,054 610,209 0.5 % 41.2 % $ 28,671 3,475,857 (0.8)% 0.4 % 47.5 % $ 2,370,190 $ 1,479,593 $ 7,320,104 34.2 % 43.6 % 41.1 % 41.2 % 47.9 % 47.5 % 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. AALBEMARLE 22 22#23Adjusted 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 $ Jun 30, 2022 263,551 Sep 30, 2022 Dec 31, 2022 Mar 31, 2023 $ 1,553,547 $ 2,689,816 $ 3,675,013 $ 267,884 283,515 300,841 321,538 Jun 30, 2023 3,918,283 343,630 885,605 215,768 28,671 (14,691) 198,217 79,685 104,240 122,973 121,916 106,084 69,902 381,510 390,588 587,021 540,990 (78,196) (77,752) (57,032) (51,151) (45,501) $ 1,488,431 $ 2,460,828 $ 3,475,857 $ 4,639,646 $ 5,061,703 $ 4,332,091 $ 5,593,330 $ 7,320,104 $ 8,772,628 $ 9,663,225 34 % 44 % 47 % 53 % 52% 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 23#24Adjusted EBITDA supplemental¹ ($ in thousands) Adjusted EBITDA Net income attributable to noncontrolling interests Twelve Months Ended Three Months Ended Jun 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 $ 5,061,703 $ 1,032,266 $ 1,595,719 $ 1,243,752 Sep 30, 2022 1,189,966 127,851 26,396 38,123 29,341 Equity in net income of unconsolidated investments (net of tax) Dividends received from unconsolidated investments (1,528,922) (551,051) (396,188) (322,799) 1,723,714 531,887 547,552 450,344 33,991 (258,884) 193,931 Consolidated EBITDA Total Long Term Debt (as reported) Off balance sheet obligations and other Consolidated Funded Debt Less Cash Consolidated Funded Net Debt $ 5,384,346 $ 1,039,498 $ 1,785,206 $ 1,400,638 $ 1,159,004 $ 3,515,536 189,100 $ 3,704,636 1,599,738 $ 2,104,898 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. 120 0.7 0.4 AALBEMARLE 24#25Diluted EPS 1Totals may not add due to rounding. Diluted earnings per share attributable to Albemarle Corporation Add back: Non-operating pension and OPEB items (net of tax) Non-recurring and other unusual items (net of tax) Acquisition and integration related costs Mark-to-market gain on public equity securities Legal accrual Loss on extinguishment of debt Other Tax related items Total non-recurring and other unusual items Adjusted diluted earnings per share 1 Diluted Shares Three Months Ended June 30, 2023 2022 $ 5.52 $ 3.46 (0.03) 0.04 0.03 (0.10) 1.82 0.13 0.07 0.01 (0.02) (0.15) 1.81 0.02 $ 7.33 $ 3.45 117,769 117,724 AALBEMARLE 25 25#26Effective Tax Rate Income before income taxes and equity in net income of unconsolidated ($ in thousands) investments Income tax expense Effective income tax rate Three months ended June 30, 2023 As reported $ 168,375 $ 42,987 25.5 % Non-recurring, other unusual and non-operating pension and OPEB items 220,574 6,999 As adjusted $ 388,949 $ 49,986 12.9 % Three months ended June 30, 2022 As reported $ 401,454 $ 89,018 22.2% Non-recurring, other unusual and non-operating pension and OPEB items As adjusted 21,235 22,272 $ 422,689 $ 111,290 26.3 % See above for a reconciliation of the adjusted effective income tax rate, the non-GAAP financial measure, to the effective income tax rate, the most directly comparable financial measure calculated and reporting in accordance with GAAP. AALBEMARLE 26 26#27Equity Income and Noncontrolling Interest Three Months Ended June 30, 2023 2022 Noncontrolling ($ in thousands) Equity Income Interest Equity Income Noncontrolling Interest Energy Storage 543,798 $ $ 116,333 $ Specialties Ketjen (26,354) (33,792) 5,108 Corporate 2,145 Total Company $ 551,051 $ (42) (26,396) $ 9,526 2,297 128,156 $ (27) (33,819) Note: Corporate equity income relates to foreign exchange gains or losses of our Windfield Holdings joint venture. AALBEMARLE 27#28ALB LISTED NYSE www.albemarle.com AALBEMARLE 28