Albemarle Growth and Economic Outlook

Ketjen Overview Q3 2023 Performance Y/Y Q3 Performance Drivers Net sales up 11% (price³ +8%, volume +1%); adjusted EBITDA up 227% Increased sales due to higher prices primarily in clean fuel technologies and PCS Adjusted EBITDA increased largely due to higher prices and insurance claim receipts FY 2023 Outlook (as of Nov 1, 2023) Ketjen FY 2023 adj. EBITDA expected to be up 250-325% Y/Y, decreased from previous outlook primarily due to timing of shipments and customer mix Higher volumes across product segments driven by high refinery utilization; higher pricing primarily for FCC products (in millions) Net Sales Drivers/Sensitivities FCC - miles driven/transportation fuel consumption HPC - environmental sulfur regulations and miles driven/transportation fuel consumption - PCS plastic and polyurethane demand 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. Q2 2023 Y/Y $261 11% Net Sales ex FX1 $258 9% Adj. EBITDA4 $15 227% Adj. EBITDA ex FX1,4 $15 236% Adj. EBITDA Margin4 6% +360 bps Adj. EBITDA Margin ex FX1,4 6% +370 bps Historical Trend (TTM) Adjusted EBITDA ● Adjusted EBITDA Margin $59M $70M $59M $29M $26M 7% 7% 6% 3% 3% O 3Q22 4Q22 1Q23 2Q23 3Q23 35 35

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