Q2 2023 Performance Overview

Energy Storage Overview Y/Y Q2 Performance Drivers Net sales up 120% (price³ +87%, volume +36%); adjusted EBITDA up 93% Increased sales due to higher prices reflecting tight market conditions, primarily in battery- and tech-grade carbonate and hydroxide Adjusted EBITDA due to higher prices and volumes FY 2023 Outlook (as of August 2, 2023) Energy Storage FY 2023 adj. EBITDA expected to be up 15-30% Y/Y, as higher net sales more than offset timing impacts of higher priced spodumene inventories; increase from previous outlook reflects recent lithium market prices FY 2023 realized price expected to be at the high end of the previous range of 20-30% Y/Y, assuming recent market prices continue through year end FY 2023 volume expected to be at the high end of the previous range of 30-40% Y/Y, driven by ramping of new capacity, plus additional tolling Stronger 2H net sales expected with execution of project ramps, tolling, and spot volumes; weaker 2H adj. EBITDA due to timing impacts of higher priced spodumene inventories Drivers/Sensitivities (in millions) Net Sales Net Sales ex FX1 Q2 2023 Performance Q2 2023 Y/Y $1,763 120% $1,793 123% $932 93% $951 97% Adj. EBITDA Margin4 53% -750 bps Adj. EBITDA Margin ex FX1,4 53% -730 bps Adj. EBITDA4 Adj. EBITDA ex FX1,4 Historical Trend (TTM) Adjusted EBITDA O Adjusted EBITDA Margin $3,032M $4,602M $4,153M $1,970M 68% 65% 65% 65% $985M • Global accelerated EV adoption supported by regulation and technological improvements • Emerging technologies; battery cost declining + performance improving 52% 2Q22 3Q22 4Q22 1Q23 2Q23 • 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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