Albemarle Investor Presentation

Ketjen Overview Y/Y Q1 Performance Drivers Net sales flat (price³ +12%, volume -12%); adjusted EBITDA -14% ⚫ Q1 adjusted EBITDA lower due to US freeze related downtime, timing of shipments, and unfavorable raw material cost FY 2023 Outlook (as of May 3, 2023) Ketjen FY 2023 adj. EBITDA expected to be up 250-400% Y/Y, above previous outlook due to higher volumes and pricing • Higher volumes across product segments driven by high refinery utilization; higher pricing primarily for FCC products • Inflation in material costs expected to remain a headwind, energy costs expected to moderate in 2023 (in millions) Net Sales Net Sales ex FX1 Q1 2023 Performance Q1 2023 Y/Y $218 0% $220 1% $15 -14% $14 -16% 7% -92 bps Adj. EBITDA Margin ex FX1,4 6% -143 bps Adj. EBITDA4 Adj. EBITDA ex FX1,4 Adj. EBITDA Margin4 Historical Trend (TTM) Adjusted EBITDA Adjusted EBITDA Margin Drivers/Sensitivities ⚫FCC - miles driven/transportation fuel consumption $98M $87M $59M HPC - environmental sulfur regulations and miles driven/transportation fuel consumption • PCS - plastic and polyurethane demand 13% 11% $29M $26M 7% 3% O 3% 1Q22 2Q22 3Q22 4Q22 1Q23 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

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