Albemarle : 2023 Sustainability Report Highlights

2023 Sustainability Report Highlights

June 2024

Forward-Looking Statements

This presentation contains statements relating to Albemarle's operations, growth strategies and sustainability plans that are based on our current expectations, anticipations and beliefs regarding the future, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as "anticipate," "believe," "estimate," "expect," "design," "target," "project," "commit," "aim," "intend," "may," "outlook," "scenario," "should," "would," and "will". Forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company's control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this report. Unless legally required, Albemarle undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Standards of measurement and performance made in reference to our environmental, social, governance and other sustainability plans and goals may be based on protocols, processes and assumptions that continue to evolve and are subject to change in the future, including due to the impact of future regulations.

Factors that could cause Albemarle's actual results to differ materially from the outlook expressed or implied in any forward-looking statement include: changes in economic and business conditions; financial and operating performance of customers; timing and magnitude of customer orders; fluctuations in lithium market prices; production volume shortfalls; increased competition; changes in product demand; availability and cost of raw materials and energy; technological change and development; fluctuations in foreign currencies; changes in laws and government regulation; regulatory actions, proceedings, claims or litigation; cyber-security breaches, terrorist attacks, industrial accidents or natural disasters; political unrest; changes in inflation or interest rates; volatility in the debt and equity markets; acquisition and divestiture transactions; timing and success of projects; performance of Albemarle's partners in joint ventures and other projects; changes in credit ratings; and the other factors detailed from time to time in the reports Albemarle files with the SEC,

including those described under "Risk Factors" in Albemarle's most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle's website (investors.albemarle.com) and on the SEC's website at www.sec.gov.

All the Elements for a Better World

As a purpose-driven and values-led organization, sustainability is core to who we are and how we operate, and this report is a demonstration of our ongoing commitment to creating a more

resilient world."

Kent Masters

Chairman and CEO

New double materiality assessment

Updates on DEI strategy and progress

Continued progress on environmental goals

Expanding our LCAs

Looking ahead: decarbonization roadmap

Our Values

Albemarle's six core

values help us achieve our corporate purpose to enable a more resilient world.

Care		Curiosity		Collaboration
We improve the safety		We continuously		We work together,
and support the well-		learn and are		value each other and
being and resilience of		comfortable taking		encourage diverse
our communities,		informed risks to		thought to drive better
employees and		innovate.		outcomes.
environment.

Humility		Accountability		Integrity
We share the credit		We act with courage to		We do what we say
and value the ideas		take ownership for		with honesty and
of others to achieve		what matters and		transparency for the
goals together.		responsibly deliver		benefit of all.
		results.

A Leading Provider of Lithium, Bromine and Other Essential Elements

MOBILITY

Advancing the future of movement by being a leading provider of materials that make mobility better and cleaner.

ENERGY		CONNECTIVITY		HEALTH

Powering the energy		Enabling an always-on		Improving quality of life by
	world to make technology		making health safer and
transition to meet the rising
	more consistent and		more attainable today, so
needs so we can ensure the
	reliable, so we can		the planet and future
world has critical resources
	continue to innovate more		generations can continue to
for years to come.
	efficiently.		thrive.

Resilient Competitive Strengths to Navigate Market Conditions

World-Class Resources

Leading Process Chemistry

High-Impact Innovation

Customer-Centricity

People & Planet Steward

• Diversified portfolio of best-in-class assets and resources around the globe
• Low-costposition with vertical integration into large, high-grade resources
• Deep technical and operational know-how to transform essential resources
• Process know-how to build and operate large scale conversion assets safely
• Advanced solutions tailored to customer and market needs
• New products, e.g. MercLok and lithium sulfide
• Reliable and trusted partner with global expertise and local experience
• Partnerships to facilitate innovation and mutual growth
• Responsible corporate citizen focused on sustainability, community engagement, and industry-leading best practices

Albemarle's Strategic Framework

Albemarle leads the world in transforming essential resources into the critical ingredients for modern living with people and planet in mind.

Defining Our Performance Ambition

Lead with Impact

Purpose-Driven Growth

Partner of Choice

Stakeholder Value

Providing Essential Elements to Critical Impact Areas

Mobility

Energy

Connectivity

Health

Resilient Competitive Strengths to Navigate Market Conditions

World-Class	Leading Process	High-Impact	Customer-	People & Planet
Resources	Chemistry	Innovation	Centricity	Steward

Operational Discipline - Central to Our Operating Model

Productivity - as of Q1, benefits on-track to exceed 2024 target of $280 million; initiatives include:

▪ Manufacturing ($80M target) - Yield, rate, and availability improvements at La Negra, Qinzhou, and Xinyu

▪ Procurement ($150M target) - Capture of lower cost for key raw materials and logistics, specifically ocean and road freight

▪ Back-Office ($50M target) - Restructuring cost savings, reduced third party spend

Cash Management

▪ Working Capital - inventory management, compressing supply chain from mine to customer, maximizing cash from accounts payable

Sustainable Approach

▪ 2023 Sustainability Report - published in Q2 2024

Double Materiality Assessment

New and updated topics identified through this assessment include:

How sustainability issues impact our business and how our business impacts the world around us

In 2023, we undertook a double materiality1 assessment, at the consolidated level, to identify the sustainability issues that matter most to our business and stakeholders.

1. For purposes of our sustainability reporting, the concept of "material" topics identified through "materiality assessments" generally refers to ESG reporting guidance such as GRI and SASB and does not correspond to the concept of materiality used in the securities laws and disclosures required by the US Securities and Exchange Commission (SEC). With respect to the term "material," individual companies are best suited to determine which information is material under the long-standing U.S. Supreme Court definition of that term, and whether to disclose this information in SEC filings.

Environmental

Social

Governance

Energy, Greenhouse Gas (GHG) Emissions and Climate

Responsible Water Management

Pollution Management

Waste and Circularity

Health and Safety

Human Rights and Labor Practice

Local Community Engagement

Talent and Culture

Ethics and Compliance

Innovation

Responsible Sourcing

Our Focus on Sustainability

Has Earned Recognition

• In 2023, Albemarle received 10 ACC Responsible Care® Awards for health, safety and environmental areas of focus.
• 4th consecutive inclusion in the Bloomberg Gender-Equality Index.

▪ MercLok P-640, Albemarle's mercury remediation solution, was named an R&D 100 winner by the Business Intelligence Group. This award recognizes leading edge products and technologies that can contribute to a better world.

• In February 2024, Albemarle was named to the 2024 list of America's Most
  JUST Companies (JUST 100) by JUST Capital and CNBC. The JUST 100

rankings measure how the nation's largest corporations are performing on

business issues that matter most to Americans, including protecting customer73/100 privacy, minimizing pollution, supporting employee training and more.

• Albemarle's Environmental Management Information System (EMIS) was awarded the Verdantix 2023 EHS Innovation Excellence Award in the compliance digitization category.