Nutrien (NTR) Investor presentation summary

Strategic execution and operational performance

• Achieved record potash sales volumes and higher ammonia operating rates, driving strong fertilizer sales growth and higher Retail adjusted EBITDA through cost reduction and proprietary margin improvements.

• Lowered capital expenditures while sustaining safe operations and targeting growth projects, resulting in enhanced cash returns to shareholders via share repurchases and dividend increases.

• Net earnings reached $2,297M in 2025, with adjusted EBITDA up 13% year-over-year and record upstream fertilizer sales volumes.

• Retail adjusted EBITDA grew at an annualized rate of over 5% since 2018, reflecting structural growth in the business.

• Potash and nitrogen segments delivered strong adjusted EBITDA, supported by operational flexibility and network optimization.

Market position and value chain advantages

• Maintains a leading global agricultural solutions footprint, serving over 600,000 customer accounts in more than 50 countries.

• Holds the #1 position in global ag retail and potash production, and #2 in North American nitrogen production.

• Operates a world-class production asset base, with 27.5 million tonnes of NPK manufactured sales volumes and over 1,800 retail locations.

• Strong relationships with farmers and a robust network of over 4,200 crop consultants underpin market leadership.

Financial discipline and shareholder returns

• Capital expenditures reduced from $2.6B in 2023 to $2.0B in 2025, with 2026 guidance of $2.0–$2.1B focused on sustaining assets and targeted growth.

• Prioritizes investments in proprietary retail products, mine automation, and low-cost nitrogen expansions.

• Dividend per share increased 38% since 2018, with a 1% rise to $0.55 per share in February 2026 and ongoing share repurchases reducing share count by 25% since 2018.