Earnings Presentation
Fourth Quarter 2008
January 26, 2009

Forward-Looking Statements
Portions of this presentation constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Although Albemarle Corporation believes its
expectations reflected in the presentation are based on reasonable assumptions within the
bounds of its knowledge of its business and operations, there can be no assurance that actual
results will not differ materially.
Factors that could cause actual results to differ from expectations include, without limitation,
the inability to pass through increases in costs and expenses for raw materials and energy;
competition from other manufacturers; changes in demand for our products; the gain or loss
of significant customers; fluctuations in foreign currencies and increased government
regulation of our operations or our products.
Additional factors that could cause Albemarle’s results to differ materially from those
described in the forward-looking statements can be found under “Risk Factors” in item 1A of
our Annual Report for the period ended December 31, 2007.

Fourth Quarter 2008 Earnings
Δ Sales Comparison YOY
In thousands 4Q2008 4Q2007
Net Sales 517,725 599,156 (13.6)% Sales Growth (13.6)%
Operating (Loss)/Profit (17,579) 77,500 (122.7)% Volume (19.3)%
3
Special Items 61,055 -- --
Price 6.7%
Adj. Operating Profit1 43,476 77,500 (43.9)%
Currency (1.6)%
Equity in Net Inc. of Uncon. JVs/ (4,087) (104) NM
(MI of Con. JVs)
Acquisitions/
Corporate & Other 2 (15,001) (12,319) 21.8% 0.6%
Dispositions
2
Segment Income 54,390 89,715 (39.4)%
Segment Income Margin 2 10.5% 15.0% (450)bps
1
Non-GAAP measure. See
-- --
4
Special Item – Tax 23,100 www.albemarle.com for reconciliation.
2
Presentation for 2007 conformed to
Net Income 13,111 58,620 (77.6)%
2008
Diluted EPS 0.14 0.60 (76.7)% 3
4Q08 charge related to Port de Bouc
divestiture and restructuring activities
Diluted EPS (ex Specials Items) 1 0.42 0.60 (30.0)% at other company locations
4
One-time net tax benefit
EBITDA 1 68,032 107,280 (36.6)%
NM = Not Meaningful
Net Debt 1 649,897 550,008 18.2%

Full Year 2008 Earnings
Δ
In thousands 2008 2007 Sales Comparison YOY
Net Sales 2,467,115 2,336,187 5.6%
Sales Growth 5.6%
Operating Profit 220,917 309,887 (28.7)%
Volume (4.8)%
Special Item 3 64,333 4,944 NM
Price 6.3%
Adj. Operating Profit 1 285,250 314,831 (9.4)%
Currency 2.6%
Equity in Net Inc. of Uncon. JVs/
4,320 6,949 (37.8)%
(MI of Con. JVs)
Acquisitions/
2 Dispositions 1.5%
Corporate & Other (50,322) (50,353) (0.1)%
Segment Income2 339,892 372,133 (8.7)% 1 Non-GAAP measure. See
www.albemarle.com for reconciliation.
Margin2
Segment Income 13.8% 15.9% (210)bps 2
Presentation for 2007 conformed to
-- --
Special Item – Tax 4 23,100 2008
3 2007 special item for Dayton closure
Net Income 194,202 229,690 (15.5)% charge of $4.9M ($3.1 after tax). 2008
net charge related to Port de Bouc
Diluted EPS 2.10 2.36 (11.0)% divestiture and restructuring activities
at other company locations
Diluted EPS (ex Specials Items) 1 2.39 2.40 (0.4)% 4
One-time net tax benefit
NM = Not Meaningful
EBITDA 1 401,834 434,899 (7.6)%

Polymer Additives
Δ
In thousands 4Q 2008 4Q 2007
Have taken steps to restructure
operations and reduce costs
Net Sales 148,671 233,550 (36.3)%
Decreased volume due to
Operating Profit 6,263 31,624 (80.2)%
weakness in consumer end
markets, primarily electronics,
Equity in Net Income
and continued raw material
(8) 1,352 (100.6)%
of unconsolidated
pressure
investments
Minority Interest in Sales Comparison YOY
income of
(1,040) (2,650) (60.8)% Sales Growth (36.3)%
consolidated
subsidiaries Volume/Mix (34.7)%
Price/Mix 0.0%
Segment Income 5,215 30,326 (82.8)%
Currency (1.6)%
Segment Income
3.5% 13.0% (950)bps
Acquisitions/
Margin
--
Dispositions

Fine Chemicals
Record annual sales and
Δ
In thousands 4Q 2008 4Q 2007
segment income for 2008
Net Sales 161,336 131,051 23.1% Fine chemistry services full year,
double digit revenue increase
Operating Profit 21,912 20,608 6.3% Stable pricing of bromine
portfolio
Equity in Net Income
Strong prospects for mercury
-- -- --
of unconsolidated
removal business
investments
Minority Interest in
income of Sales Comparison YOY
(4,118) (2,946) 39.8%
consolidated
Sales Growth 23.1%
subsidiaries
Volume/Mix 8.1%
Segment Income 17,794 17,662 0.7%
Price/Mix 14.2%
Segment Income
Currency (1.9)%
11.0% 13.5% (250)bps
Margin
Acquisitions/
2.7%
Dispositions

Catalysts
Record annual sales and segment
Δ
In thousands 4Q 2008 4Q 2007
income for full year 2008
Fourth quarter segment income and
Net Sales 207,718 234,555 (11.4)%
segment margins pressured due to
Operating Profit 30,098 37,851 (20.5)% lower HPC volumes and mix effect.
Outstanding performance in
Equity in Net Income
Organometallics drove Polyolefin
1,283 3,876 (66.9)%
of unconsolidated Catalysts to record quarter of
investments operating profit
Minority Interest in -- Sales Comparison YOY
-- --
income of consol subs
Sales Growth (11.4)%
Volume/Mix (19.2)%
Segment Income 31,381 41, 727 (24.8)%
Price/Mix 9.3%
Segment Income
Currency (1.5)%
15.1% 17.8% (270)bps
Margin
Acquisitions/
--
Dispositions