#1Albemarle Investor Presentation August 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 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. ALBEMARLE 2#3Non-GAAP Financial Measures It should be noted that adjusted net (loss) income attributable to Albemarle Corporation, adjusted diluted earnings per share ("EPS"), non-operating pension and other post-employment benefit ("OPEB") items per diluted share, non-recurring and other unusual items per diluted share, adjusted effective income tax rates, EBITDA, adjusted EBITDA, EBITDA margin and adjusted EBITDA margin are financial measures that are not required by, or presented in accordance with, accounting principles generally accepted in the United States, or GAAP. These non-GAAP measures should not be considered as alternatives to Net income attributable to Albemarle Corporation ("earnings") or other comparable measures calculated and reported in accordance with GAAP. These measures are presented here to provide additional useful measurements to review the company's operations, provide transparency to investors and enable period-to-period comparability of financial performance. The company's chief operating decision maker uses these measures to assess the ongoing performance of the company and its segments, as well as for business and enterprise planning purposes. A description of other non-GAAP financial measures that Albemarle uses to evaluate its operations and financial performance, and reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be found on the following pages of this press release, which is also is available on Albemarle's website at https://investors.albemarle.com. The company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP, as the company is unable to estimate significant non-recurring or unusual items without unreasonable effort. The amounts and timing of these items are uncertain and could be material to the company's results calculated in accordance with GAAP. ALBEMARLE 3#4Albemarle leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. We are committed to building a more resilient world. www. FE#5Leading the World in Transforming Essential Resources 2022 Net Sales Albemarle by the Numbers 1 FY 2022 Financial Highlights Ketjen 12% Employees² ~7,400 Net Sales $7.3B Customers ~1,900 Net Income³ $2.7B Albemarle Specialties Countries ~70 Adj. EBITDA4 24% Albemarle $3.5B Active Patents >2,100 Adj. EBITDA Margin4 47% Energy Storage 64% Clear strategy to achieve profitable growth and enhance sustainability ■ A global leader with durable competitive advantages ■ Track record of strong financial and operating performance ■ Growth expected to continue in 2023 - +40-55% net sales Y/Y Capitalizing on growth opportunities in electric vehicles and beyond - mobility, energy, connectivity, health 1 As of December 31, 2022 2 Includes employees of consolidated JVs 3 Attributable to Albemarle Corporation 4 Non-GAAP measure; see Appendix for definition and reconciliations of historical measures to most directly comparable GAAP measure ALBEMARLE LO 5#6Diverse and Dedicated Leadership Team Focused on Delivering Shareholder Value Kent Masters Chairman & CEO Experience: 30+ years Scott Tozier Chief Financial Officer Experience: 30+ years Eric Norris 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 ALBEMARLE 6#7Engaged, Diverse, and Accountable Board of Directors Laurie Brlas Former EVP & CFO, Newmont Mining Jim O'Brien Glenda Minor Former SVP & CFO, Evraz North America Dean Seavers Ralf Cramer Former President and CEO, Continental China Diarmuid O'Connell Former VP, Corp & Business Development, Tesla Motors Kent Masters Chairman & CEO, Albemarle Jerry Steiner Former Chairman & CEO, Ashland cii⭑ Former President, National Grid U.S. cit Former EVP, Sustainability & Corporate Affairs, Monsanto CO White 70% Male 70% Racial Diversity Gender Diversity Black 20% Hispanic 10% Female 30% Holly Van Deursen Former Group Vice President, Petrochemicals, BP Alex Wolff Audit & Finance Committee Executive Compensation Committee O Nominating & Governance Committee O Capital Investment Committee Former U.S. Ambassador to Chile cit Health, Safety & Environment Committee Chairman of the Board Lead Independent C Committee Chairperson Average Tenure ~ 6 years ALBEMARLE 7#8DEEPLY EMBEDDED Durable Competitive Advantages Differentiate Albemarle as an Industry Leader DEVELOPING Customer-centric collaboration Å R&D expertise for next generation materials Capital project execution expertise Enhanced sustainability Comprehensive operating model performance to achieve operational excellence BO La Portfolio of best-in-class assets and resources around the globe Industry-leading safety performance Continuing to develop and embed our competitive advantages l Process technology and product applications knowledge Solid balance sheet, cash flow & portfolio management, create maximum financial flexibility ALBEMARLE 8#9Our Operating Model: How We Execute & Accelerate Our Strategy FEATURED PILLAR Drive Greater Stakeholder Value Sustainable Approach Raise the Bar on Excellence High-Performance Culture The Albemarle Way of Excellence Operati erational Discipline Capabilities Competitive Capa Deliver Outstanding Customer Experience 1 Overall Equipment Effectiveness • · • 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 9#10Clear Strategy to Deliver Enduring Value Grow Profitably Expand capacity to meet customer needs and generate value Partner with strategic customers and stakeholders to facilitate innovation and mutual growth Maximize Productivity Deploy operating model to build a scalable platform for growth Grow high- performance culture with best-in-class capabilities Optimize earnings, cash flow and cost structure Invest with Discipline ■ Allocate capital and manage portfolio to generate long-term value ■ Maintain Investment Grade credit rating and support our dividend Advance Sustainability ■ Build competitive advantage through industry-leading ESG performance ■ Accelerate sustainability ambitions of customers and communities AALBEMARLE 10#11Providing Critical Ingredients for Mobility, Energy, Connectivity and Health gwwwwww.p MOBILITY Advancing the future of movement by being the leading provider of materials that make mobility better and cleaner. ENERGY Powering the energy transition to meet the rising needs so we can ensure the world has critical resources for years to come. DEFIBRILLATON CONNECTIVITY Enabling an always-on world to make technology more consistent and reliable, so we can continue to innovate more efficient. HEALTH Improving quality of life by making health safer and more attainable today, so the planet and future generations can continue to thrive. AALBEMARLE 11#12Sustainability Framework Aligns with Strategy Sustainability is not just doing the right thing, but doing it the right way Natural Resource Management Responsibly manage our use of resources and materials Energy & Greenhouse Gases Water Resource Stewardship Sustainable Shareholder Value Foster the conditions that create sustainable value for shareholders Waste Value Chain Excellence Product & Process Innovation Safety Diversity, Equity & Inclusion Investment in Talent Community/ Stakeholder Engagement Business & Financial Resilience Business Ethics & Regulatory Compliance People, Workplace & Community Build an inclusive and diverse workplace focused on safety, mutual respect, development and wellbeing Actively collaborate and engage in the communities in which we work ALBEMARLE 12#13Committed to Building a More Resilient World New CEO Water Mandate Signatory in 2022 UN GLOBAL COMPACT ALB Salar de Atacama: First lithium producer to complete third-party audit and achieve IRMA 50 New in 2023 CEO WATER MANDATE Initiative for Responsible IRMAX Mining Assurance SILVER 2023 ecovadis Sustainability Rating 1 Ecovadis Gold 2016-2021; Silver 2022-2023 8th Straight Year¹ CDP Reporting: First year scored Climate (B) and Water (C) CDP DISCLOSURE INSIGHT ACTION New in 2022 Ten Responsible Care Awards, recognized for our leadership in safety and environmental stewardship American Chemistry Council New in 2023 AMERICA'S MOST 4th Straight Year II 2023 Bloomberg RESPONSIBLE Newsweek COMPANIES statista Gender-Equality Index 2023 4th Straight Year Our focus on sustainability is gaining recognition MILITARY 2nd Straight Year FRIENDLY M EMPLOYER ALBEMARLE 13#14Strong Track Record of Financial and Operating Performance Deliberate, transformational steps to position for growth (in billions) Net Sales 1 $3.4 $3.3 $2.9 $7.3 Nameplate Conversion Capacity (in ktpa LCE) Adj. EBITDA & Margin 1,2 % Adj. EBITDA Margin Lithium Conversion Capacity 500-600 $10.4 - $11.5 2019 2020 2021 2022 2023E 37% -38% $3.8 - $4.4 47% $3.5 29% 25% 26% $1.0 $0.8 $0.7 2019 2020 2021 2022 2023E 200 85 40 2015 2019 2022 2027 1 Historical and prospective financial information excludes divestiture of FCS 2 Non-GAAP measure, see appendix for definition and reconciliations of historical measures to most directly comparable GAAP measure ALBEMARLE 14#15Strong Financial Position and Ample Liquidity (As of 8/2/23, $M) $5,000 $4,000 $3,000 $2,000 $1,000 $0 -$1,000 -$2,000 -$3,000 $M NET CASH FROM OPERATIONS ($M) 2022A 2023E Settlement of Prior Legal Matter Change in Working Capital & Other D&A Net Income LEVERAGE1 (x) 0.5x 0.8x-0.9x CAPITAL EXPENDITURES $1.3B ($M) $1.9B -$2.1B 2022A 2023E 2022A 2023E Committed to maintaining Investment Grade credit rating $1.7B debt issuance in 2022 strengthens liquidity and reduces repayment risk in a volatile environment. $1.6B cash and cash equivalents $3.5B total debt (99% fixed rate) Weighted average interest of 3.6% Q2 2023 Net Debt to Adj. EBITDA² of 0.4x Working capital typically averages ~25% of net sales Free cash flow positive in 2022, significant operating cash flow to fund accelerated growth investments 1 Leverage defined as consolidated net funded debt to consolidated EBITDA ratio; 2023E leverage assumes FY 2023E Adjusted EBITDA guidance of $3.8B to $4.4B 2 Bank covenant definition, see Appendix ALBEMARLE 15#16Continued Growth in a Turbulent Macro Environment 2023E Forecast Cost Breakdown: Royalties Progressive commissions paid in Chile, increases with price to customer For every $1 over $10/kg LCE, Materials/Services Nearly 20% is company-owned spodumene Other major inputs include BPA, chlorine, molybdenum, caustic soda, soda ash ■ Other services includes warehousing Economic Conditions Vary By Segment Energy Storage Expect continued secular growth related to the shift to clean transportation supported by OEM EV investments and public policy Key economic indicators include global EV production Battery grade demand lags EV production ~1 to 2 quarters Contribution margin -60% ALB pays $0.40 to CORFO Energy/ Freight Includes natural gas and utilities Notable increases in freight, continued supply chain issues Royalties 15% Energy/Freight 5% Labor (incl GSA) Labor 15% Increasing headcount to prepare for long-term growth, plus inflation impacts Other Depreciation Other standard cost components Other 10% Materials / Services 55% 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% • Ketjen Demand relatively resilient in previous recessions; lower oil prices have historically led to higher demand and lower raw materials costs Key economic indicators include transportation fuel demand FCC demand changes with fuel consumption with little to no lag HPC demand lags multiple quarters as refineries push out turnarounds Contribution margin ~40% 16#17Disciplined Capital Allocation to Support Growth Strategy Invest in High-Return Growth Portfolio Management Maintain Financial Flexibility Dividends & Share Repurchases Objectives ■ Growth remains the primary capital allocation priority Strategically grow Energy Storage and Specialties to leverage low-cost resources Position Ketjen for long-term stability ■ Maintain capital discipline and operational excellence Actively assess portfolio; reinvest proceeds ■ 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 17#18Financial Flexibility to Execute Growth Strategy High-return organic growth and potential M&A to complement existing portfolio ■ Build and maintain world-class resource base ◉ Specialized, next-gen technology and/or materials ☐ ■ Customer partnerships to accelerate growth, improve sustainability, and develop technologies ■ Bolt-on assets (buy vs build) ☐ Committed to disciplined investment Ability to accelerate high-return growth Target >2x WACC at mid-cycle pricing; minimum >1x WACC at trough pricing Ability to maintain Investment Grade credit rating and support dividend ■ Accretive to shareholders 18#19Continuing 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 19#20Energy Storage Overview Y/Y Q2 Performance Drivers Net sales up 120% (price³ +87%, volume +36%); adjusted EBITDA up 93% Increased sales due to higher prices reflecting tight market conditions, primarily in battery- and tech-grade carbonate and hydroxide Adjusted EBITDA due to higher prices and volumes FY 2023 Outlook (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 Drivers/Sensitivities (in millions) Net Sales Net Sales ex FX1 Q2 2023 Performance Q2 2023 Y/Y $1,763 120% $1,793 123% $932 93% $951 97% Adj. EBITDA Margin4 53% -750 bps Adj. EBITDA Margin ex FX1,4 53% -730 bps Adj. EBITDA4 Adj. EBITDA ex FX1,4 Historical Trend (TTM) Adjusted EBITDA O Adjusted EBITDA Margin $3,032M $4,602M $4,153M $1,970M 68% 65% 65% 65% $985M • Global accelerated EV adoption supported by regulation and technological improvements • Emerging technologies; battery cost declining + performance improving 52% 2Q22 3Q22 4Q22 1Q23 2Q23 • Security of supply essential to underwrite global auto OEM investment in vehicle electrification Note: Numbers may not reconcile due to rounding.1 Net of FX impacts.² Sales based on historical average.³ Includes FX impact.4 See appendix for non-GAAP reconciliations. ALBEMARLE 20 20#21Expanding Global Footprint - Strong Presence in Major Markets¹ = New = Resource = Conversion JV = Joint Venture = Hard Rock = Brine 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 Chengdu, China Meishan, China Xinyu, China Kemerton, Australia 1 Map is representative of Albemarle's global reach; not inclusive of all the company's sites 2 Expected joint venture ownership interest, pending regulatory approvals 3 Joint venture ownership interest, with right to 50% of the offtake Qinzhou, China APAC Conversion, TBD Wodgina, Australia 50% JV2 Greenbushes, Australia 49% JV3 ALBEMARLE 21#22Established Processes for Conventional Resources Continuous improvement through optimization, efficiency, technology advancements Resource Extraction Lithium Conversion Lithium Products Hard Rock 0.5-2.5% Li₂O Brine 0.01-0.30% Li *Not currently in operation Mines Greenbushes, Wodgina, Kings Mountain* Ponds Salar de Atacama, Silver Peak, Antofalla*, Magnolia* 6% Li₂O Concentrate 6% Li Concentrate Xinyu, Chengdu, Qinzhou, Kemerton Option to convert to lithium carbonate via 3rd party tolling A+ La Negra, Silver Peak Optional further processing to produce hydroxide Battery and Technical Grade Lithium Hydroxide Kings Mountain Battery and Technical Grade Lithium Carbonate Battery and Technical Grade Lithium Hydroxide Battery Grade Metal ALBEMARLE 22 22#23Jan Feb 2 4 9 8 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 10 Increasing Our Lithium Market Demand Outlook: 5x Growth by 2030 Cumulative Sales by Year¹ (M units) 2022 vs. 2021: +64% Global EV Production / Market Penetration² 2022-2027 Lithium Demand ALB Projections³ (MMt LCE) 2019 2.5 CAGR: 25-30% 4.0 48% 3.5 3.0 46.9 1.8M Mt 28% 2.5 2025 18% 2.0 14% 25.7 1.5 3% 15.7 11.2 1.0 2022E 2023E 2025E 1 Marklines data as of 01/25/2023 2 S&P Global Mobility, Global Production based Alternative Propulsion Forecast, November 2022 3 Albemarle analysis 2030E 2019 0.5 3.7M Mt 2030 2019 2021 2020 2022 EV production (M) --EV penetration (%) 2020 -2022 2021 ⚫2023 EV Grid Mobility Consumer Electronics Industrial Inventory Change 2030E lithium demand of 3.7MMt LCE +15% from previous forecast due to IRA and strong EV demand 2021 2023 2025 2027 2029 2022E by Application ³ (MMt LCE) 2022-2027 CAGR: 25-30% 3.7M Mt 0.8M Mt 1.8M Mt .il 1.2M Mt 2023E 23 ALBEMARLE 23 2025E 2030E#24Cost¹ Leveraging Our Low-Cost Resources as Projects Trend Towards Higher Cost 2030E Mined Supply 2.9 MMT LCE 2030E Demand 3.7 MMT LCE ALB Average 2030E Cost ~$20/kg 800 kt Supply Deficit Net of Recycling 20% of Demand Cumulative Supply (KT LCE) Prices > $20/kg required over next decade to support >100 new projects² needed to support demand 1 Albemarle analysis 2 Assuming 2022 average project production of ~20 KT LCE ALBEMARLE 24 24#25Diversified Portfolio of World-Class Resources in Multiple Jurisdictions Estimated Lithium Resource, Nameplate Capacity¹ 100% basis, ktpa LCE basis -200-225 ktpa Wodgina III Salar Yield Improvement Silver Peak Expansion Greenbushes III Wodgina + Greenbushes + Kings Mountain Magnolia Antofalla FYE 2022 Capacity 2023-2024 2025-2030 Highlights ~400-650 ktpa Potential 2030 Capacity Strong resource position enables capital-efficient expansions, profitability through cycle Greenbushes has significant long- term potential Kings Mountain opens significant US supply; $150M DOE grant helps de-risk project M&A can help fill the resource gap- dependent on market conditions Recycling can help fill the resource gap as the market matures On average resources cost $5-25k per annual ton of capacity (brownfield - greenfield) Strategy to remain vertically integrated from resources to advanced materials 1 All figures shown on 100% basis; pending regulatory approvals, ALB's expected attributable share of Wodgina is 50%; ALB attributable share of Greenbushes is 50% ALBEMARLE 25 55#26Potential to Triple Lithium Conversion Capacity by 2030 Estimated Lithium Conversion Nameplate Capacity¹ 100% basis, ktpa LCE basis Meishan I/II 200 ktpa Other APAC Kemerton III/IV US Mega-Flex Qinzhou II Magnolia EU Mega-Flex La Negra Expansion Antofalla 500-600 ktpa FYE 2022 Capacity 2023-2024 2025-2027 2028-2030 Potential 2030 Capacity Highlights Globally diversified portfolio of vertically integrated lithium conversion assets Building from Albemarle's presence in major markets A train of capacity is ~25kpta; economies of scale with multiple trains at each location Sell or toll excess resources to bridge to new conversion assets Capital costs per annual ton of capacity varies by region: $25-$30k in Australia, N. America, EU -$20k in Latin America ~$10-15k in China Further accelerating growth; potential 2030 capacity up ~15% from previous target 1 All figures shown on 100% basis; pending regulatory approvals, ALB's expected attributable share of Kemerton is 100% 26 ALBEMARLE 26#27Maintaining 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 +/- +/- +/- Assumes ~2 years to ramp a new conversion plant Includes expansions at Silver Peak, La Negra, Kemerton, Qinzhou, and Meishan ■ Technical-grade spodumene sales (~10 ktpa) and tolling (0-70 ktpa) included ■Further upside potential from: - Additional tolling volumes as bridge to further conversion expansions Additional conversion assets 2022 2023E 2024E 2025E 2026E 2027E 1 All figures shown on 100% basis in LCE, volumes include 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 ALBEMARLE 27 27#28Contract Pricing Reflects Changes in Lithium Market Prices Energy Storage Net Sales1 (by Contract Type) Spot ~20% Purchase order-based price negotiations, heavily 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 ALBEMARLE 28 28#29Industry-Leading Technology Innovations from Mine to Market Resource and Conversion Maximizing recovery at the wellhead, pond, and conversion stage, +>70 ktpa potential Improving existing resources and accessing non-conventional with Direct Lithium Extraction (DLE) More sustainable resource management with lower energy, water, and GHG Battery Materials Developing differentiated lithium for safer, higher performance applications, with 2-3x higher contribution margin Maximizing use of Li through more efficient battery technology: lithium metal anode, prelithiation, lithium sulfide Customer Alignment Breakthrough OEM opportunities for >50% more EV range with battery material innovation ■ Close collaborations and co- development partnerships for tailored materials and faster time-to-market Advanced Process Development Albemarle Technology Park Novel Materials Research Acceleration To Market ALBEMARLE 29 29#30Specialties Overview Y/Y Q2 Performance Drivers Net sales down -20% (price³ -5%, volume -15%); adjusted EBITDA down 59% Both volumes and prices were impacted by weaker demand, particularly for consumer electronics Adjusted EBITDA impacted due to volumes and prices in weaker demand, particularly for consumer electronics FY 2023 Outlook (as of Aug 2, 2023) 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 Q2 2023 Performance (in millions) Net Sales Net Sales ex FX1 Adj. EBITDA4 Q2 2023 Y/Y $371 -20% $375 -20% $60 -59% $64 -57% 16% -1530 bps Adj. EBITDA Margin ex FX1,4 17% -1450 bps Adj. EBITDA ex FX1,4 Adj. EBITDA Margin Historical Trend (TTM) Adjusted EBITDA Adjusted EBITDA Margin Drivers/Sensitivities $543M $521M $527M $537M $450M GDP+ growth with diverse applications and end-markets in mobility, energy, connectivity, and health 32% 32% 31% 30% 27% Supported by strong underlying trends in digitalization and electrification 2Q22 3Q22 4Q22 1Q23 2Q23 Note: Numbers may not reconcile due to rounding. 1 Net of FX impacts. 2 Sales based on historical average. 3 Includes FX impact. 4 See appendix for non-GAAP reconciliations. ALBEMARLE 30 30#31Albemarle Specialties - Strong Presence in Major Markets¹ Langelsheim, Germany 1 Magnolia, AR Twinsburg, OH Baton Rouge, LA (Research Facility) New Johnsonville, TN Map is representative of Albemarle's global reach; not inclusive of all the company's sites Safi, Jordan (Joint Venture) = Production = Resource Taichung, Taiwan ALBEMARLE 31#32Access to Highly Concentrated Bromine is a Low-Cost Advantage Albemarle Operates from Two World-Class Bromine Resources: Dead Sea, Jordan Jordan Bromine Company1 (JBC) - operated and marketed by Albemarle Dead Sea Concentrate Arkansas India Concentrate China Seawater Bromine Concentration² (ppm) 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 Arkansas, U.S. Highly integrated and specialty focused - drives product flexibility and profitability 1 Joint Venture with Arab Potash Company (APC). 2 Based on management estimates. Relative Production Cost Industrial Cost Curve for Elemental Bromine² 0 100 Arkansas, U.S. India China & Japan Djibouti Dead Sea 200 300 400 500 600 700 800 2021 Estimated Capacity (KT) ALBEMARLE 32 32#33Operational Discipline: Manufacturing Excellence & Capital Project Execution Track Record of Delivering Innovative Expansion 2022 Plant Expansion - Magnolia, AR On-time and on-budget expansion of the flagship fire safety solutions product line Delivered expanded rates and improved quality ■ Dedicated Manufacturing Excellence program (higher volumes, lower cost, safer operation) with a focus on continuous improvement, maintenance, and reliability Allocating capital to highest return opportunities in sustainability and productivity - consistently achieving returns above 2x WACC target ■ Track record of delivering projects on time and within budget 2022 Brinefield Expansion - Magnolia, AR Adding new technology to ensure our brine quality is improved Results in incremental capacity without adding new wells 2022 JBC NEBO Investment - Safi, Jordan Increases plant capacity: converts by-product HBr to a higher value- added product Delivers improved sustainability: 11% water and 6% energy reduction expected Expected to reduce production costs by >$2M in first year after completion ALBEMARLE 33 33#34Competitive Capabilities: Research & Technology New Product Innovation ☐ ■ Market research driven ☐ Strong IP positions ■ World-class collaborators ☐ ■ Platform approach Expanded applications capabilities in targeted areas MercLok TM Diverse and Healthy New Product Pipeline MercLok TM Remediates mercury in contaminated soils and sediments Large market opportunity (~$200M in the US alone) Multiple field pilots completed Commercially launched in US market December 2022 Potential platform for additional environmental remediation products SAYTEX ALERO ™M Polymeric flame retardant (stable, large molecule) Excellent stability improves recyclability of flame-retardant plastic Superior environmental profile Broad and growing target end markets including electronics, appliances, automotive Initial customer qualifications complete - expected to be fully commercial in 2023 Lithium Specialties integration expected to bring new synergistic programs ALBEMARLE 34 34#35Ketjen Overview Y/Y Q2 Performance Drivers Q2 2023 Performance Q2 2023 Y/Y $236 12% $236 12% Adj. EBITDA4 $43 337% Adj. EBITDA ex FX1,4 $44 342% Adj. EBITDA Margin4 18% +1350 bps Adj. EBITDA Margin ex FX1,4 19% +1390 bps • Net sales up 12% (price³ +11%, volume +1%); adjusted EBITDA up 337% • Increased sales due to higher prices primarily from fluid catalytic cracking and clean fuel technologies • Adjusted EBITDA increased largely due to an insurance claim receipt FY 2023 Outlook (as of Aug 2, 2023) 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 (in millions) Net Sales Net Sales ex FX1 Drivers/Sensitivities FCC miles driven/transportation fuel consumption Historical Trend (TTM) Adjusted EBITDA Adjusted EBITDA Margin $87M $59M $63M • HPC - environmental sulfur regulations and miles driven/transportation fuel consumption PCS plastic and polyurethane demand 11% $29M $30M 7% 7% 3% 3% 2Q22 3Q22 4Q22 1Q23 2Q23 Note: Numbers may not reconcile due to rounding.1 Net of FX impacts.² Sales based on historical average.³ Includes FX impact.4 See appendix for non-GAAP reconciliations. ALBEMARLE 35 55#36Appendix: Non-GAAP Reconciliations#37Definitions of Non-GAAP Measures NON-GAAP MEASURE Adjusted Net Income DESCRIPTION Net income attributable to Albemarle Corporation before non-recurring, other unusual and non-operating pension and OPEB. Pro-forma Adjusted Net Income Adjusted Diluted EPS Net income attributable to Albemarle Corporation before non-recurring, other unusual and non-operating pension and OPEB items, and the net impact of the divested business. Diluted EPS before non-recurring, other unusual and non-operating pension and OPEB. Pro-forma Adjusted Diluted EPS Diluted EPS before non-recurring, other unusual and non-operating pension and OPEB items, and the net impact of the divested business. EBITDA Adjusted EBITDA Pro-forma Adjusted EBITDA Net income attributable to Albemarle Corporation before interest and financing expenses, income taxes, and depreciation and amortization. EBITDA before non-recurring, other unusual and non-operating pension and OPEB. Adjusted EBITDA before the net impact of EBITDA of the divested business. Pro-forma Net Sales Adjusted Effective Income Tax Rate Net Sales before the impact of Net Sales from the divested business. Reported effective income tax rate before the tax impact of non-recurring, other unusual and non-operating pension and OPEB items. ALBEMARLE 37#38Adjusted EBITDA - Continuing Operations (twelve months ended) ($ 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 263,551 267,884 Sep 30, 2022 Dec 31, 2022 Mar 31, 2023 $ 1,553,547 $ 2,689,816 $ 3,675,013 $ Jun 30, 2023 3,918,283 283,515 300,841 321,538 343,630 885,605 215,768 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) 1,488,431 $ (77,752) (57,032) (51,151) (45,501) 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. ALBEMARLE 38 38#39Adjusted EBITDA supplemental¹ ($ in thousands) Adjusted EBITDA Net income attributable to noncontrolling interests Equity in net income of unconsolidated investments (net of tax) Dividends received from unconsolidated investments Consolidated EBITDA Total Long Term Debt (as reported) Off balance sheet obligations and other Consolidated Funded Debt Less Cash Consolidated Funded Net Debt 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. Twelve Months Ended Jun 30, 2023 Three Months Ended 5,061,703 Jun 30, 2023 $ Mar 31, 2023 Dec 31, 2022 1,032,266 1,595,719 $ 1,243,752 $ 127,851 26,396 38,123 29,341 (1,528,922) (551,051) (396,188) (322,799) 1,723,714 531,887 547,552 450,344 Sep 30, 2022 1,189,966 33,991 (258,884) 193,931 $ 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 0.7 0.4 ALBEMARLE 39 99#40ALB LISTED NYSE www.albemarle.com 40 ALBEMARLE 40#41AALBEMARLE R