Maintaining Strategy to Deliver Volumetric Growth

Improved 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

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