Q2 2023 Performance Overview

Strong Financial Position and Ample Liquidity (As of 8/2/23, $M) $5,000 $4,000 $3,000 $2,000 $1,000 $0 -$1,000 -$2,000 -$3,000 $M NET CASH FROM OPERATIONS ($M) 2022A 2023E Settlement of Prior Legal Matter Change in Working Capital & Other D&A Net Income LEVERAGE1 (x) 0.5x 0.8x-0.9x CAPITAL EXPENDITURES $1.3B ($M) $1.9B -$2.1B 2022A 2023E 2022A 2023E Committed to maintaining Investment Grade credit rating $1.7B debt issuance in 2022 strengthens liquidity and reduces repayment risk in a volatile environment. $1.6B cash and cash equivalents $3.5B total debt (99% fixed rate) Weighted average interest of 3.6% Q2 2023 Net Debt to Adj. EBITDA² of 0.4x Working capital typically averages ~25% of net sales Free cash flow positive in 2022, significant operating cash flow to fund accelerated growth investments 1 Leverage defined as consolidated net funded debt to consolidated EBITDA ratio; 2023E leverage assumes FY 2023E Adjusted EBITDA guidance of $3.8B to $4.4B 2 Bank covenant definition, see Appendix ALBEMARLE 15

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