Delivering Value through Organic and Tuck-in Growth

Long-Term Global Potash Demand Growth At historical growth rates, we expect global demand to increase to 85-90 Mmt by 2030 Long-Term Global Potash Supply & Demand Growth Million Tonnes of KCI 92.0 90.0 88.0 86.0 84.0 82.0 80.0 78.0 76.0 74.0 72.0 70.0 68.0 N 31 I Potentially more than 8 Mmt of supply needed by 2030 to meet upside demand growth 2020 20211 20251 20301 Low Demand Growth (2.3% CAGR) High Demand Growth (2.8% CAGR) - - Supply 1. Assumes projected potash production in 2021, plus projected growth in operational capability excluding Nutrien and BHP's Jansen mine. March 2022 Source: CRU, Fertecon, Industry Publications, Nutrien

View entire presentation