Investor Presentaiton
Adjusted EBITDA - Continuing Operations (twelve months ended)
($ in thousands)
2019
Year ended December 31,
2020
2021
2022
2023
Net income attributable to Albemarle Corporation
533,228
375,764
$
Depreciation and amortization
213,484
231,984
123,672
254,000
$
2,689,816
300,841
1,573,476
429,944
Non-recurring and other unusual items (excluding items associated with interest
expense)
117,243
42,781
481,194
28,671
224,487
Interest and financing expenses
57,695
73,116
61,476
122,973
116,072
Income tax expense
88,161
54,425
29,446
390,588
430,277
Non-operating pension and OPEB items
26,970
40,668
(78,814)
(57,032)
(7,971)
Adjusted EBITDA
1,036,781
$
818,738
$
870,974
$
3,475,857
$
2,766,285
Net impact of adjusted EBITDA from divested businesses
Adjusted EBITDA excluding impact from divested business
(49,628)
987,153
(76,325)
(28,415)
742,413
$
842,559
$
3,475,857
$
2,766,285
Lower of cost or net realizable value (LCM)
604,099
Adjusted EBITDA, excluding LCM and impact from divested business
$
987,153
$
742,413
$
842,559
$
3,475,857
$
3,370,384
Net sales
Net impact of net sales from divested business
Net sales excluding impact from divested business
$
3,589,427
(165,224)
3,424,203
$
$
3,128,909
(201,311)
2,927,598
$
3,327,957
$
7,320,104
$
9,617,203
$
(65,648)
3,262,309
$
7,320,104
$
9,617,203
Adjusted EBITDA margin excluding impact from divested businesses
29%
25 %
26 %
47 %
29%
See above for a reconciliation of adjusted EBITDA and pro-forma adjusted EBITDA, the non-GAAP financial measures, to Net income attributable to Albemarle Corporation, the most directly comparable
financial measure calculated and reported in accordance with GAAP.
See above for a reconciliation of pro-forma net sales, the non-GAAP financial measure, to net sales, the most directly comparable financial measure calculated and reported in accordance with GAAP.
AAlbemarle
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