Feeding the Future

Non-IFRS Financial Measures and Ratios Adjusted Net Earnings and Adjusted Net Earnings Per Share (millions of US dollars, except as otherwise noted) Net earnings attributable to equity holders of Nutrien Adjustments: Share-based compensation expense Foreign exchange loss, net of related derivatives Integration and restructuring related costs (Reversal) impairment of assets COVID-19 related expenses Gain on disposal of investment 2022 Increases (Decreases) 2021 2020 Post-Tax Per Diluted Share Increases (Decreases) Per Diluted Per 7,660 14.18 Post-Tax 3,153 Share Increases (Decreases) Diluted Post-Tax Share 5.52 459 0.81 63 31 46 (780) 8 (19) ¥88ཐྱ 0.10 198 151 0.27 69 50 0.09 0.05 39 30 0.05 19 14 0.02 0.06 43 33 0.06 60 44 0.08 (619) (1.15) 33 25 0.04 824 657 1.15 0.01 45 34 0.06 67 49 0.09 (14) (0.03) 6 4 (250) (250) (0.44) (18) (14) (0.03) 36 27 0.05 142 104 0.18 7,124 13.19 3,557 6.23 1,027 1.80 Loss on disposal of business Net gain on disposal of investment in MOPCO Gain on settlement of discontinued hedge accounting derivative Cloud computing transition adjustment Loss on early extinguishment of debt Adjusted net earnings Return on Invested Capital (ROIC) (millions of US dollars, except as otherwise noted) 2022 2021 2020 Earnings before finance costs and income taxes 10,809 4,781 902 Merger adjustments Integration and restructuring related costs 1 231 277 297 46 43 60 Share-based compensation 63 198 69 (Reversal of) impairment of assets (780) 33 824 COVID-19 related expenses 8 45 48 Foreign exchange loss, net of related derivatives 31 39 19 Loss on disposal of business 6 Gain on disposal of investment (19) (250) Cloud computing transition adjustment 36 Nutrien Financial revenue (267) (189) (129) Net operating profit 10,122 5,263 1,846 Tax (calculated at 25%) 2,531 1,316 462 Net operating profit after tax 7,591 3,947 1,384 1 Depreciation and amortization related to the fair value adjustments as a result of the Merger (the merger of equals transaction between PotashCorp and Agrium). Total assets 54,228 48,880 47,533 Cash and cash equivalents (753) Payables and accrued charges (10,687) Merger adjustments (10,232) (862) (8,773) (10,516) (1,629) (6,991) (10,668) Average Nutrien Financial receivables. (3,311) (2,316) (1,502) Invested capital 29,245 26,413 26,743 1 Merger fair value adjustments on goodwill, other intangible assets and property, plant and equipment. Return on invested capital (%) 26 15 5 23 Source: Nutrien

View entire presentation