Investor Presentaiton
Adapting to Changing Market Conditions While Maintaining Growth
Capital
Expenditures
Re-phasing of large
projects to focus on
those that are
significantly
progressed, near
completion, or in
startup
2024 planned capex
decrease of $300M-
$500M Y/Y
Costs
Reducing annualized
operating costs by
approximately $95M,
largely in SG&A
Reducing headcount
and lowering spending
on contracted services
Portfolio
Management
Evaluating the sale of
non-core investments
■ Monetized Liontown
shareholdings
Working
Capital
Harvesting cash from
working capital of
approximately $250M
Working capital
typically averages
~25% of net sales
ALBEMARLE
CORPORATION
Proactive measures to ensure long-term financial flexibility and unlock expected >$750M of cash flow in the near-term
Albemarle 11View entire presentation