Nutrien Earnings and Growth Outlook
One of the leading global nitrogen suppliers with cost advantaged
assets in North America
Nitrogen Manufactured Sales Volumes¹
Millions of Tonnes
12.0
10.7
10.6
10.3
11.0
11.5
10.7
10.3
10.5
2018
2019
$
Nitrogen Focus
Leverage low-cost natural
gas and logistical advantages
2
Kil
2020
2021
2022
2023F
Mid-Cycle³
Advantaged Gas Costs.
Annual Average $US/MMBtu
40
AECO
30
30
-Henry Hub
-European Hub
20
20
10
10
Scenario
0
2018
2019
2020
2021
2022
2023 YTD
1.
2.
ESNⓇ volumes not included in 2018-2021 periods, included in 2022, 2023F, and Mid-Cycle Scenario.
Guidance provided in our news release dated November 1, 2023.
3.
Mid-cycle scenario as of August 2, 2023.
4.
As of November 9, 2023.
車
Increase utilization rates
CO2
through reliability initiatives.
Completion of in-flight
brownfield projects
Progress decarbonization
initiatives
10
Source: US EIA, Canadian Gas Price ReporterView entire presentation