Q2 2023 Performance Overview

Specialties 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

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