Delivering Value through Organic and Tuck-in Growth slide image

Delivering Value through Organic and Tuck-in Growth

Driving Retail Efficiency and Optimization to Create Value N Lower Operating Coverage Ratio 3. 123 45 5. 63% 62% 59% 58% Cash Operating Coverage Ratio 1,2 2018 3 2019 3 2020 2021 10 10 21% 23% Reduce Working Capital Adjusted Average 15% 13% Working Capital to Sales 1,2 2018 3 2019 3 2020 2021 Optimize Our Footprint 2021 $1,481 Adj. EBITDA/ $900 $967 $1,075 US selling location 1,4,5 US$ Thousands 2018 2019 2020 Represents rolling four quarter results for the period. These are non-IFRS financial measures. See the "Non-IFRS Financial Measures" section. This is a non-IFRS financial measure. See the "Non-IFRS Financial Measures" section. Additional information relating to 2019 and 2018 is contained in the "Appendix - Non-IFRS Financial Measures" sections of Nutrien's management discussion and analysis dated February 19, 2020 for the year ended December 31, 2019 and its management discussion and analysis dated February 20, 2019 for the year ended December 31, 2018, respectively, which information is incorporated by reference herein. Such management discussion and analysis are available on SEDAR at www.sedar.com. These are supplementary financial measures. See the "Other Financial Measures" section. Calculation is based upon number of selling locations only. March 2022 Source: Nutrien
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