Investor Presentaiton
EBITDA and Adjusted EBITDA
($ in thousands)
Net (loss) income attributable to Albemarle Corporation
Add back:
Interest and financing expenses
Income tax expense
Depreciation and amortization
EBITDA
Non-operating pension and OPEB items
Non-recurring and other unusual items
Adjusted EBITDA
Lower of cost or net realizable value (LCM)
Adjusted EBITDA, excluding LCM
Net sales
EBITDA margin
Adjusted EBITDA margin
Adjusted EBITDA margin, excluding LCM
Three Months Ended
December 31,
2023
2022
Year Ended
December 31,
2023
(617,680) $ 1,132,445 $ 1,573,476
2022
2,689,816
34,386
24,039
116,072
122,973
118,878
24,102
430,277
390,588
144,143
85,561
429,944
300,841
(320,273)
1,266,147
2,549,769
3,504,218
(9,804)
(41,687)
(7,971)
(57,032)
15,090
19,292
224,487
28,671
(314,987)
1,243,752
2,766,285
3,475,857
604,099
604,099
$
289,112 $ 1,243,752 $ 3,370,384 $
3,475,857
$ 2,356,165
2,620,978
$
9,617,203 $ 7,320,104
(13.6)%
(13.4)%
48.3 %
26.5 %
47.9 %
47.5 %
28.8 %
12.3 %
47.5 %
35.0 %
47.5 %
47.5 %
See above for a reconciliation of EBITDA and 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.
Albemarle
34
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