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Investor Presentaiton

Logistics 120,000 100,000 80,000 FOB vs CIF (tonnes) 60,000 40,000 20,000 0 Q1 2023 Q1 2022 FOB CIF Total FOB CIF Total Sales Q1 2023 Q1 2022 YOY 34,248 44,942 (24%) 73,348 66,725 10% 107,596 111,667 (4%) TSX: NPK OTCMKTS: VNPKF • The Company has increased the volume sold as CIF, from 60% of total sales in Q1 2022 to 68% in Q1 2023. Product delivery freight expenses increased by 30% in Q1 2023, to $3,9 million compared to $3,0 million in Q1 2022. Weighted average distance of Product delivered increased by 12% in Q1 2023 compared to Q1 2022, with a $0.6 million impact in the quarter. In Q1 2023, the average freight cost per tonne of Product sold on a CIF basis increased from $44 to $53, compared to the previous year. From January to May 2023, the diesel price at Petrobras Distributors has decreased by approximately 33%. со 13
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