Investor Presentaiton
Our 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 13View entire presentation