Nutrien Financial and Strategic Update

Nitrogen supply from key regions remains constrained Russian Ammonia Exports Million Tonnes 5 3 2 1 II. 0 2020 2021 2022 2023F 123 European Nitrogen Capacity 1,2 Million Tonnes 20 ■Online Capacity ■Curtailed Capacity 15 10 5 Capacity curtailments are point in time as of October 24, 2023, and represent current annualized run rate capability, vs estimated operating capacity. Russia excluded from capacity curtailments. Curtailments to AN & CAN are estimated based on total nitrate curtailments. 0 Ammonia Urea (Gross) AN & CAN ³ 3 UAN ... 27 Source: CRU, Argus, Fertecon, IFA, Nutrien

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