Albemarle Growth and Economic Outlook

Energy Storage Overview Y/Y Q3 Performance Drivers Net sales up +20% (price³ -17%, volume +40%); adjusted EBITDA down 62% Increased sales due to higher volumes driven by new capacity from La Negra III/IV in Chile and Qinzhou, China, as well as increased tolling Lower adjusted EBITDA due to higher spodumene pricing in costs of goods sold FY 2023 Outlook (as of November 1, 2023) Energy Storage FY 2023 adj. EBITDA is expected to be flat to slightly down Y/Y, as timing impacts of higher priced spodumene inventories more than offset higher net sales FY 2023 realized price expected to range from 15% to 20% Y/Y, assuming recent market prices continue through year-end FY 2023 volume expected to range from +30-35% Y/Y, driven by ramping of new capacity, plus additional tolling Drivers/Sensitivities Global accelerated EV adoption supported by regulation and technological improvements Emerging technologies; battery cost declining + performance improving Security of supply essential to underwrite global auto OEM investment in vehicle electrification Q3 2023 Performance (in millions) Net Sales Q3 2023 Y/Y $1,697 20% Net Sales ex FX1 $1,737 23% Adj. EBITDA4 $407 (62%) Adj. EBITDA ex FX1,4 $430 (60%) Adj. EBITDA Margin4 24% -5280 bps Adj. EBITDA Margin ex FX1,4 25% -5200 bps Historical Trend (TTM) Adjusted EBITDA ● Adjusted EBITDA Margin $3,032M $4,602M $4,153M $3,925M $1,970M 68% 65% 65% 65% 53% 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. 3Q2022 4Q2022 1Q2023 2Q2023 3Q2023 Albemarle 20 20

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