Albemarle Corporation Investor Presentation May 2015
Albemarle: Compelling Investment Opportunity With the recently closed Rockwood acquisition, Albemarle is a premier specialty chemicals company with leading positions in attractive end markets around the world Strong growth potential…
Lithium and Bromine Fit Accelerates Synergy Capture Low Cost Sourcing and Processing Best sources and most diverse locations in the world due to long term reserves and highest concentration levels Chile, Australia, Nevada, and…
New Organizational Structure Legacy ALB and ROC Structure New Structure Effective 1Q2015 Fine Metal Metal FCS* Chemistry Sulfide Sulfide Performance Services Catalysts Minerals Performance Catalysts Specialty Chemicals…
Divest Non-core Assets to Focus on Core Growth Robust & differentiated portfolio of mineral flame retardants products used in wire and cable, electronic and electrical components and non-FRs product used The three businesses in…
Global Footprint is a Competitive Advantage Global Headquarters Manufacturing Manufacturing/Sales/R&D Sales/Administrative Integrated Business Operations R&D Albemarle employs approximately 6,900 people and serves customers in…
2015 Adjusted EBITDA1 Outlook 990 50M 935 - 1,000 970 52M 950 930 25M - 70M 908M 910 (50M) (60M) (3M) 890 870 (25M) (35M) 850 Proforma Full Non-cash Translation FX Stub Period All Other Core Business Synergies Full…
FCF and Capital Free Cash Flow1 600M - 900M 2015 FCF Key Assumptions and Impacts: Tax rate of 26% 450M - 550M Interest Expense 145 million 396M CAPEX slightly over 6% of revenue One time costs 200 million associated with…
Strong Leadership with Substantial Industry Experience Luther C. Luke Kissam D. Michael Wilson Joris Merckx Silvio Ghyoot President President, President, President, & Chief Executive Officer Performance Chemicals Chemetall Surface…
Business Segments 14
Refining Solutions Overview (% of sales as for 2014*) Growth Drivers 33% Aisa Pacific & China Rising fuel consumption 39% More stringent air quality mandates Americas Investments in conversion capacity EMEI Infrastructure…
Refining Solutions 1Q15 Details ( in millions) 1ST Qtr Performance Historical Trend Proforma 300 35% ( in millions) 1Q 2015 1Q 2014 250 30% Net Sales 179 195 (8%) 25% 200 Adj. Net Sales ex FX 189 (3%) 20% 150 15% Adj. EBITDA1 42…
Market Position Core Strengths Segment Market Position Deep customer understanding FCC Catalysts 2 Heavy Oil Heavy investment in R&D Upgrading Max Propylene 1 Global footprint Resid 2 Unparalleled network of Distillates…
Global Catalyst Market Our View FCC- max C3= AlkyClean Hydrotreating Albemarle Segment (RCS) 5.6B FCC- VGO SSC PP Albemarle Segment (PCS1) 0.7B SSC PE Hydrocracking Non-Albemarle Segment 17.5B Degree of Competitive…
Catalyst Solutions Throughout the Refinery Heavy Oil Upgrading (FCC) Clean Fuels Technologies (HPC) Albemarle provides the global refining industry with a wide range of catalyst solutions to convert crude oil into high value…
Performance Chemicals Overview Growth Drivers Bromine: Energy demand & increased deep water drilling driving completion fluids By Business Clean air regulations bolstering mercury control (% of sales as for 2014*) Surging data…
Performance Chemicals 1Q15 Details ( in millions) 1st Qtr Performance Historical Trend Proforma 600 ( in millions) 1Q 2015 35% 1Q 2014 500 30% Net Sales 388 392 (1%) 25% 400 Adj. Net Sales ex FX 403 3% 20% 300 15% Adj. EBITDA1…
Performance Chemicals bromine and lithium detail ( in millions) 1st Qtr Bromine Performance Bromine Historical Trends Proforma ( in millions) 1Q 2015 300 35% 1Q 2014 250 30% Net Sales 190 203 (7%) 25% 200 20% Adj. Net Sales…
Bromine: Strong Core of Bromine & Derivatives with High Value Diverse Bromine and Bromine Delivering Attractive High Derivatives Offering Value Margins Pharma/ Ag Relative Contribution/Kg Bromine Utilized Consumer Mercury…
Bromine: Leading Bromine Sourcing Position Dead Sea Concentrate ALB & ICL Dead Sea Competitive Arkansas ALB & CHMT Noncompetitive Closed in 2006 Michigan India Concentrate China Seawater Closed UK plant in 2003. Closed…
Bromine: Well-positioned to Capitalize on New Demand for FRs Best product portfolio for widest range of electrical and electronic applications across all markets 25
Lithium: Potential Lithium Demand Delivers Significant Upside Application Lithium Carbonate Automotive High Content Automotive Low 350,000 Cell Phone Portable Battery 3 grams 0.1 oz Grid Storage: Automotive Average Other Potential…
PCS: Performance Catalyst Solutions Technology Portfolio Market Driver Innovation Value to Customer Customers Activcat Single Site Catalyst Enabler of favorable polymer Demanding (SSC) platform economics by lowering the Performance…
Chemetall Surface Treatment Grows With Innovation, Service and Global Reach By End Market Growth Drivers General Industry Growth in aerospace, automotive, and general 2% 5% (% of sales as for 2014*) 7% industries Automotive…
Chemetall Surface Treatment 1Q15 Details ( in millions) 1st Qtr Performance Historical Trend Proforma 200 25% ( in millions) 1Q 2015 1Q 2014 20% Net Sales 192 204 (6%) 150 15% Adj. Net Sales ex FX 201 (1%) 100 Adj. EBITDA1…
Surface Treatment: Focused Approach Enabled Chemetall Surface Treatment to Grow Estimated Market Share 2007 2013 2 provider globally of surface treatment products and services The only global supplier of surface treatment…
Surface Treatment: Chemetall Surface Treatment Markets Automotive OEM General Industry Globally harmonized technologies available for NDT products, Broad portfolio of metal pretreatment technologies for all kinds of inhibitors,…
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