Nutrien Financial and Strategic Update
Focused on delivering strong earnings, cash flow and returns
through the cycle
Adjusted EBITDA, Net Earnings
US$ Billions
Net Earnings Per Share (EPS)³
US$ per Share
EPS
Adjusted EPS1
$14.18
$13.19
Net Earnings
Adjusted EBITDA1
$12.2
$7.1
$7.7
$5.8 - $6.4
$3.7
$3.2
$0.5
2020
2021
2022
Cash Provided by Operating Activities
US$ Billions
$3.9
$3.3
$8.1
$6.23
$5.52
$1.80
$0.81
2023F2
2020
2021
2022
Return on Invested Capital ("ROIC")1
Percent
$4.0 - $4.5
5%
15%
26%
$4.15 - $5.00
2023F2
8% - 10%
2020
2021
2022
2023F4,5
2020
2021
2022
2023F4
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1.
These are non-IFRS financial measures. See the "Non-IFRS Financial Measures" section.
2.
Based on guidance provided in our news release dated November 1, 2023.
Calculations based on diluted per share amounts.
Based on internal forecasts aligned with annual guidance provided in our news release dated November 1, 2023.
5.
Assumes cash provided by operating activities is ~70% of Adjusted EBITDA which is based on the adjusted EBITDA guidance range provided in our news release dated November 1, 2023.
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