Albemarle Investor Presentation

Energy Storage Overview Y/Y Q1 Performance Drivers Net sales up 319% (price³ +301%, volume +18%); adjusted EBITDA up 393% Increased sales due to renegotiated contracts and increased market pricing Adjusted EBITDA benefited from favorable pricing from contract renegotiations as well as the sale of lower cost inventory FY 2023 Outlook (as of May 3, 2023) Energy Storage FY 2023 adj. EBITDA expected to be roughly flat Y/Y, as higher net sales are offset by timing impacts of higher price spodumene inventories; change from previous outlook reflects recent lithium market prices FY 2023 realized price now expected to be up 20-30% Y/Y, Energy Storage outlook range assumes recent market prices continue through year end FY 2023 volume expected to up +30-40% Y/Y (unchanged) primarily due to new capacity coming online Potential upside if market pricing increases; potential downside if lithium market pricing continues to decrease or potential volume shortfalls in ramping or spot volumes Drivers/Sensitivities • Global accelerated EV adoption supported by regulation and technological improvements • Emerging technologies; battery cost declining + performance improving Q1 2023 Performance (in millions) Net Sales Net Sales ex FX1 Adj. EBITDA4 Q1 2023 Y/Y $1,944 319% $1,975 326% $1,406 393% $1,427 400% 72% +1,090 bps Adj. EBITDA Margin ex FX1,4 72% +1,083 bps Adj. EBITDA ex FX1,4 Adj. EBITDA Margin4 Historical Trend (TTM) $1,970M Adjusted EBITDA ● Adjusted EBITDA Margin $3,032M $4,153M 68% 65% 65% $582M $985M 52% 44% 1Q22 2Q22 3Q22 4Q22 1Q23 • Security of supply essential to underwrite global auto OEM investment in vehicle electrification 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 20 20

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