Investor Presentaiton
Non-GAAP Financial Measures
It should be noted that adjusted net income attributable to Albemarle Corporation ("adjusted earnings"), adjusted diluted earnings per share attributable to
Albemarle Corporation, adjusted effective income tax rates, segment operating profit, segment income, pro-forma net sales, net sales excluding the
impact of foreign exchange translation ("ex FX"), EBITDA, adjusted EBITDA, adjusted EBITDA by operating segment, EBITDA margin, adjusted EBITDA
margin, pro-forma adjusted EBITDA, pro-forma adjusted EBITDA margin, adjusted EBITDA ex FX, adjusted EBITDA margin ex FX, net debt to adjusted
EBITDA, and gross debt to adjusted EBITDA are financial measures that are not required by, or presented in accordance with, accounting principles
generally accepted in the United States, or GAAP. These measures are presented here to provide additional useful measurements to review our
operations, provide transparency to investors and enable period-to-period comparability of financial performance. The Company's chief operating
decision makers use 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 these and other non-GAAP financial measures that we use to evaluate our 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
in the Appendix to this presentation. 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.
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MAKING THE WORLD SAFE AND SUSTAINABLE
AALBEMARLEView entire presentation