Albemarle Growth and Economic Outlook slide image

Albemarle Growth and Economic Outlook

Disciplined Capital Allocation to Support Growth Strategy Invest in High-Return Growth Portfolio Management Maintain Financial Flexibility Dividends & Share Repurchases Growth remains the primary capital allocation priority Strategically grow Energy Storage and Specialties to leverage low-cost resources Position Ketjen for long-term stability ■ Maintain capital discipline and operational excellence • Actively assess portfolio; reinvest proceeds ■ M&A to accelerate growth at attractive returns; primary targets include: Lithium resources Process technology, including for advanced materials Battery recycling ■ Committed to Investment Grade rating O Targeting moderate leverage levels to preserve flexibility $1.6B cash and cash equivalents " Continue to support our dividend Limited cash flow available for repurchase as we invest in growth Expected 29th year of dividend growth Albemarle R 16
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