Feeding the Future

- Historical periods of below trend demand have been followed by years of strong demand growth - Nutrien's projected potash demand by 2025 falls in line with historical market growth rates Expect long-term potash demand growth in line with historical rates between 2.5% - 3.0% Global Potash Demand Millions of Tonnes KCI 80 Forecast Low Range 70 Forecast High Range CAGR¹ 2.8% 60 60 50 50 40 40 30 50 20 20 10 0 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023F 2025F 1. The 2.8% CAGR is based on the 20-year period of 2001-2021. 20 Source: IFA, Argus, CRU, Nutrien

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