Albemarle (ALB) 8-K Regulation FD Disclosure

Exhibit 99.1

Albemarle Corporation and Subsidiaries

Consolidated Summary of Segment Results

(In Thousands) (Unaudited)

The Company’s chief operating decision maker uses adjusted EBITDA (as defined below) to assess the ongoing performance of the Company’s business segments and to allocate resources. We define adjusted EBITDA as earnings before interest and financing expenses, income tax expense, depreciation and amortization, as adjusted on a consistent basis for certain non-operating, non-recurring or unusual items in a balanced manner and on a segment basis. These non-operating, non-recurring or unusual items may include acquisition and integration-related costs, gains or losses on sales of businesses, restructuring charges, facility divestiture charges, certain litigation and arbitration costs and charges, non-operating pension and OPEB items and other significant non-recurring items. In addition, management uses adjusted EBITDA for business planning purposes and as a significant component in the calculation of performance-based compensation for management and other employees. We reported adjusted EBITDA because management believes it provides transparency to investors and enables period-to-period comparability of financial performance. Total adjusted EBITDA is a financial measure that is not required by, or presented in accordance with, the generally accepted accounting principles in the United States (“U.S. GAAP”). Adjusted EBITDA should not be considered as an alternative to Net (loss) income attributable to Albemarle Corporation, the most directly comparable financial measure calculated and reported in accordance with U.S. GAAP, or any other financial measure reported in accordance with U.S. GAAP.

	Three months ended								Year ended December 31, 2022
	March 31, 2022		June 30, 2022		September 30, 2022		December 31, 2022
Net sales:
Energy Storage	$	463,704	$	802,393	$	1,414,053	$	1,980,795	$	4,660,945
Specialties	446,147		466,875		441,928		404,637		1,759,587
Ketjen	217,877		210,325		235,824		235,546		899,572
Total net sales	$	1,127,728	$	1,479,593	$	2,091,805	$	2,620,978	$	7,320,104
Adjusted EBITDA:
Energy Storage	$	285,247	$	483,517	$	1,084,643	$	1,178,853	$	3,032,260
Specialties	152,602		147,374		133,558		93,784		527,318
Ketjen	16,910		9,792		4,635		(2,605)		28,732
Corporate	(22,829)		(30,474)		(32,870)		(26,280)		(112,453)
Total adjusted EBITDA	$	431,930	$	610,209	$	1,189,966	$	1,243,752	$	3,475,857

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	Three months ended								Year ended December 31, 2021
	March 31, 2021		June 30, 2021		September 30, 2021		December 31, 2021
Net sales:
Energy Storage	$	198,247	$	243,839	$	291,475	$	333,869	$	1,067,430
Specialties	361,176		356,243		345,537		361,241		1,424,197
Ketjen	220,243		148,344		193,554		199,094		761,235
All Other	49,625		25,470		—		—		75,095
Total net sales	$	829,291	$	773,896	$	830,566	$	894,204	$	3,327,957
Adjusted EBITDA:
Energy Storage	$	74,564	$	80,454	$	100,186	$	116,180	$	371,384
Specialties	126,512		121,633		111,242		109,449		468,836
Ketjen	25,427		21,164		33,103		27,247		106,941
All Other	21,479		8,379		—		—		29,858
Corporate	(17,928)		(37,002)		(26,962)		(24,153)		(106,045)
Total adjusted EBITDA	$	230,054	$	194,628	$	217,569	$	228,723	$	870,974

See below for a reconciliation of adjusted EBITDA, the non-GAAP financial measure, from Net income attributable to Albemarle Corporation, the most directly comparable financial measure calculated and reporting in accordance with U.S. GAAP. For additional explanation of the adjustments from Net income attributable to Albemarle Corporation to adjusted EBITDA, see the Company’s previously furnished on Form 8-K, under Item 2.02, for the periods presented.

	Three months ended								Year ended December 31, 2022
	March 31, 2022		June 30, 2022		September 30, 2022		December 31, 2022
Net income attributable to Albemarle Corporation	$	253,383	$	406,773	$	897,215	$	1,132,445	$	2,689,816
Depreciation and amortization	66,574		70,993		77,713		85,561		300,841
Loss on sale of interest in properties	8,400		—		—		—		8,400
Acquisition and integration related costs	1,724		5,375		2,145		7,015		16,259
Interest and financing expenses	27,834		41,409		29,691		24,039		122,973
Income tax expense	80,530		89,018		196,938		24,102		390,588
Non-operating pension and OPEB items	(5,280)		(5,038)		(5,027)		(41,687)		(57,032)
Other	(1,235)		1,679		(8,709)		12,277		4,012
Total Adjusted EBITDA	$	431,930	$	610,209	$	1,189,966	$	1,243,752	$	3,475,857

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	Three months ended								Year ended December 31, 2021
	March 31, 2021		June 30, 2021		September 30, 2021		December 31, 2021
Net income (loss) attributable to Albemarle Corporation	$	95,677	$	424,600	$	(392,781)	$	(3,824)	$	123,672
Depreciation and amortization	62,260		61,423		62,082		68,235		254,000
Restructuring and other	774		766		754		733		3,027
(Gain) loss on sale of business/interest in properties	—		(429,408)		984		132,453		(295,971)
Acquisition and integration related costs	2,162		1,915		1,553		7,040		12,670
Interest and financing expenses	43,882		7,152		5,136		5,306		61,476
Income tax expense	22,107		106,985		(114,670)		15,024		29,446
Non-operating pension and OPEB items	(5,465)		(5,471)		(5,471)		(62,407)		(78,814)
Legal accrual	—		—		657,412		—		657,412
Albemarle Foundation contribution	—		20,000		—		—		20,000
Indemnification adjustments	—		—		—		39,381		39,381
Other	8,657		6,666		2,570		26,782		44,675
Total Adjusted EBITDA	$	230,054	$	194,628	$	217,569	$	228,723	$	870,974

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