Albemarle Investor Presentation

Specialties Overview Y/Y Q1 Performance Drivers Net sales down -6% (price³ +9%, volume -15%); adjusted EBITDA up 6% • Volume down due to end-market demand weakness Adjusted EBITDA benefited by higher pricing and lower freight costs, partially offset by lower volumes FY 2023 Outlook (as of May 3, 2023) Specialties FY 2023 adj. EBITDA is expected to be up 5-10% Y/Y, unchanged from previous outlook Expecting stronger 2H with restocking demand and recovery of consumer electronics Q1 2023 Performance (in millions) Net Sales Q1 2023 Y/Y $419 -6% Net Sales ex FX1 $429 -4% Adj. EBITDA4 $162 6% Adj. EBITDA ex FX1,4 $168 10% Adj. EBITDA Margin 39% +436 bps Adj. EBITDA Margin ex FX1,4 39% +486 bps Historical Trend (TTM) Adjusted EBITDA ○ Adjusted EBITDA Margin Drivers/Sensitivities GDP+ growth with diverse applications and end-markets in mobility, energy, connectivity, and health Supported by strong underlying trends in digitalization and electrification $521M $543M $537M $527M $495M 33% 32% 32% 31% 30% 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 30 30

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