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Investor Presentaiton

Lithium Overview Y/Y Q2 Performance Drivers • Net sales up 178% (price³ +160%, volume +18%); adjusted EBITDA +353% Q2 2022 Performance • • Increased sales due to renegotiated fixed and index-referenced variable price contracts and increased market pricing Adjusted EBITDA benefited from favorable pricing from contract renegotiations FY 2022 Outlook (as of 8/3/2022) • • • • FY 2022 adj. EBITDA expected to be +500-550% Y/Y, up from previous outlook as average realized pricing is now expected to be +225-250% Y/Y resulting from increased market pricing FY 2022 volume expected to be +20-30% Y/Y primarily due to new capacity coming online and higher tolling volumes Revised outlook reflects Q2 contract renegotiations and additional tolling and assumes expected Albemarle Q3 realized selling price remains constant for remainder of the year Potential upside if market pricing remains near current levels or if current contract renegotiations result in additional index-referenced, variable pricing, or with additional tolled volumes; potential downside with a material correction in lithium market pricing or potential volume shortfalls (e.g., delays in acquisitions or expansion projects) (in millions) Net Sales Net Sales ex FX1 Q2 2022 Y/Y $892 +178% $907 +183% $495 +352% $510 +366% 56% +2,138 bps Adj. EBITDA Margin ex FX1,4 56% +2,205 bps Adj. EBITDA4 Adj. EBITDA ex FX1,4 Adj. EBITDA Margin4 Historical Trend (TTM) Adjusted EBITDA Adjusted EBITDA Margin $1,067M 48% $682M Drivers/Sensitivities $463M $480M 42% $436M 36% 35% 35% • Energy storage (~85% of Li sales²): Primary driver - EV sales in Europe and China • Specialties & TG (~15% of Li sales²): Primary driver - consumer spending & industrial production 2Q21 3Q21 4Q21 1Q22 2Q22 25 MAKING THE WORLD SAFE AND SUSTAINABLE 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. 3 AALBEMARLE
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