Albemarle Growth and Economic Outlook
Non-GAAP Financial Measures
It should be noted that adjusted net (loss) income attributable to Albemarle Corporation, adjusted diluted earnings per share ("EPS"), non-operating
pension and other post-employment benefit ("OPEB") items per diluted share, non-recurring and other unusual items per diluted share, adjusted effective
income tax rates, EBITDA, adjusted EBITDA, EBITDA margin and adjusted EBITDA margin are financial measures that are not required by, or presented
in accordance with, accounting principles generally accepted in the United States, or GAAP. These non-GAAP measures should not be considered as
alternatives to Net income attributable to Albemarle Corporation ("earnings") or other comparable measures calculated and reported in accordance with
GAAP. These measures are presented here to provide additional useful measurements to review the company's operations, provide transparency to
investors and enable period-to-period comparability of financial performance. The company's chief operating decision maker uses these measures to
assess the ongoing performance of the company and its segments, as well as for business and enterprise planning purposes.
A description of other non-GAAP financial measures that Albemarle uses to evaluate its operations and financial performance, and reconciliation of these
non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be found on the
following pages of this press release, which is also is available on Albemarle's website at https://investors.albemarle.com. The company does not provide
a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable financial measures calculated and reported in
accordance with GAAP, as the company is unable to estimate significant non-recurring or unusual items without unreasonable effort. The amounts and
timing of these items are uncertain and could be material to the company's results calculated in accordance with GAAP.
AAlbemarle
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