Albemarle Corporation Investor Presentation August 2015
Non-GAAP Financial Measures It should be noted that adjusted net income attributable to Albemarle Corporation (adjusted earnings), adjusted diluted earnings per share, adjusted effective income tax rates, segment operating profit,…
Albemarle: Compelling Investment Opportunity Albemarle + Rockwood = A premier specialty chemicals company 1 or 2 market positions in all core businesses Solid growth opportunities in all three segments Refining Solutions Chemetall…
Second Quarter 2015 Adjusted EBITDA Bridge ( in millions) 270 4 36 250 6 230 17 230 230 17 210 13 190 170 150 Proforma Q2- FX Translation Perfomance Chemetall (ex FX) Refining Corporate All Other Q2-2015 2014 Impact…
Performance Chemicals ( in millions) 2nd Qtr Performance Historical Trend Proforma 600 ( in millions) 2Q 2015 35% 2Q 2014 500 30% Net Sales 437 397 10% 25% 400 Net Sales ex FX 459 16% 20% 300 15% Adj. EBITDA 149 120 24% 200…
Performance Chemicals bromine and lithium detail ( in millions) 2nd Qtr Bromine Performance Bromine Historical Trends Proforma ( in millions) 2Q 2015 300 35% 2Q 2014 250 30% Net Sales 224 196 14% 25% 200 20% Net Sales ex FX…
Lithium: Potential Lithium Demand Delivers Significant Upside Application Lithium Carbonate Automotive High Content Automotive Low Grid Storage: Automotive Average Cell Phone 3 grams 0.1 oz Potential Demand Could Notebook 30 grams…
Lithium: Battery Applications Leading the Way 2015 Mid-term Application Outlook Outlook Business Environment Glass/Ceramics Mature application, but benefits in production lower costs, less energy consumption expected to drive future…
Bromine: Strong Core of Bromine Derivatives with High Value 2015 Mid-term Application Outlook Outlook Business Environment Consumer Continued decline of PC/Notebook sales, TV sales flat to down in developed world Electronics Some…
Refining Solutions ( in millions) 2nd Qtr Performance Historical Trend Proforma 300 35% ( in millions) 2Q 2015 2Q 2014 250 30% Net Sales 165 205 (20%) 25% 200 Net Sales ex FX 172 (16%) 20% 150 15% Adj. EBITDA 48 67 (28%)…
Refining Solutions: Leadership Across Key Applications 2015 Mid-term Application Outlook Outlook Business Environment Vacuum Gas Oil -2% CAGR for next 5 years (VGO) Closure of Western European refineries / few global additions Max…
Chemetall Surface Treatment ( in millions) 2nd Qtr Performance Historical Trend Proforma 200 25% ( in millions) 2Q 2015 2Q 2014 20% Net Sales 213 212 0% 150 15% Net Sales ex FX 242 14% 100 Adj. EBITDA 48 49 (2%) 10% 50 Adj.…
Chemetall Surface Treatment: Focused on the customer 2015 Mid-term Application Outlook Outlook Business Environment Automotive OEM Good incremental growth in EU and NA, new lines in SA, moderate growth in India Lower demand in China,…
Free Cash Flow1 and Capital Free Cash Flow1 600M - 900M 2015 FCF Key Assumptions and Impacts: Tax rate of 27% 450M - 550M Interest Expense 135 million 200M non- 396M recurring CAPEX slightly over 6% of revenue acquisition…
www.albemarle.com 17
Non-GAAP Financial Measures It should be noted that adjusted net income attributable to Albemarle Corporation (adjusted earnings), adjusted diluted earnings per share, adjusted effective income tax rates, segment operating profit, segment…
APPENDIX Non-GAAP Reconciliations 19
Net Income and EBITDA ( in thousands) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net income attributable to Albemarle Corporation 52,147 22,447 95,262 79,030 Add back: Non-operating pension and OPEB…
EBITDA supplemental ( in thousands) Chemetall Performance Refining Surface Chemicals Solutions Treatment All Other Corporate Total Three months ended June 30, 2015 (Actual): Net income (loss) attributable to Albemarle…
EBITDA supplemental ( in thousands) Chemetall Performance Refining Surface Chemicals Solutions Treatment All Other Corporate Total Three months ended June 30, 2014 (Pro forma): Net income (loss) attributable to Albemarle…
EBITDA supplemental ( in thousands) Chemetall Performance Refining Surface Chemicals Solutions Treatment All Other Corporate Total Six months ended June 30, 2015 (Actual): Net income (loss) attributable to Albemarle Corporation…
EBITDA supplemental ( in thousands) Chemetall Performance Refining Surface Chemicals Solutions Treatment All Other Corporate Total Six months ended June 30, 2014 (Pro forma): Net income (loss) attributable to Albemarle…
EBITDA supplemental ( in thousands) Total Performance Bromine Lithium PCS Chemicals Three months ended June 30, 2015 (Actual): Net income (loss) attributable to Albemarle Corporation 60,486 (213) 22,743 83,016 Depreciation and…
EBITDA supplemental ( in thousands) Total Performance Bromine Lithium PCS Chemicals Six months ended June 30, 2015 (Actual): Net income (loss) attributable to Albemarle Corporation 104,958 3,715 46,006 154,679 Depreciation and…
EBITDA supplemental Twelve Months Ended Three Months Ended 30-Jun-15 30-Jun-15 March 31, 2015 December 31, 2014 September 30, 2014 Adjusted EBITDA 957,409 230,081 265,628 225,500 236,200 Net income attributable to to…
Diluted EPS Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Diluted earnings per share 0.46 0.28 0.86 0.99 Non-operating pension and OPEB items (0.01 ) (0.01 ) (0.03 ) 0.10 Special items 0.39 0.07…
Equity Income and Minority Interest Q1 Q2 Equity Minority Equity Minority Income Interest Income Interest Performance Chemicals* 1,765 (4,034) (625) (7,219) Refining Solutions 5,012 - 3,658 - Chemetall 1,291 - 650 - All Other…
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