Nutrien Financial and Strategic Update

We expect long-term potash demand to be in line with historical growth rates Global Potash Demand Millions of Tonnes KCI Forecast Low Range 70 70 Forecast High Range CAGR1 2.8% 80 60 60 60 50 40 40 30 20 10 • 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 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. . . . 17 Source: IFA, Argus, CRU, Nutrien

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