Delivering Value through Organic and Tuck-in Growth
Expect Significant Cash Flow in 2022
N
Nutrien is expected to generate strong cash flow in 2022 providing significant opportunity to deliver on value enhancing
capital allocation priorities
7
2022 Capital Allocation
US$ Billions
$7.5B-$8.4B
Potential additional
cash to allocate
Other 1,3
Identified Investment
Capital¹
Planned Share
Repurchases¹
Dividends4
Sustaining Capital5
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2022 Scenario -
Cash From
Operating Activities
1,2
Planned Uses of
Cash
1. Based on internal forecasts aligned with annual guidance provided in our news release dated February 16, 2022.
Assumes a 75% conversion ratio of Adjusted EBITDA to Cash From Operating Activities.
2.
3.
4.
5.
Other includes Leases and Mine Development and Pre-stripping expenditures.
Based on 546M shares outstanding multiplied by an annualized dividend per share of $1.92.
Assumes the mid-point of 2022F guidance as provided in our news release dated February 16, 2022.
2022 Capital Allocation Priorities
$1.25B Sustain our world-class assets 5
$1B Sustainable and growing dividend4
$2B Minimum planned share repurchases¹
➤ $1B Identified planned investment projects¹
March 2022
Source: NutrienView entire presentation