Nutrien Earnings and Growth Outlook

Nutrien has consistently returned more capital to shareholders and provided a higher dividend yield than its North American peers Dividend Yield 4 Return of Capital as Percentage of Market Capitalization 1,2 Percent Percent 5-Year Total ■North American Peers³ INTR ■North American Peers³ 3 NTR 15% 4.7% NTR: 38% Peers: 15% 3. 4. 1234 8% 7% 6% 5% 4% 3% 2% 2% 2% 2018 2019 2020 2021 2022 This is a supplementary financial measure. See the "Other Financial Measures" section. 1.0% I 2.7% 3.5% 3.0% 5-Year Average NTR: 3.2% Peers: 1.6% 2.2% 1.8% 1.6% 1.4% 2.3% 2018 2019 2020 2021 2022 Calculated as share repurchases and dividends paid for the respective period as a percent of the company's market capitalization on the close of the last trading day of each respective year. Based on average of North American fertilizer and crop chemical peer set which includes MOS, CF, CTVA, and FMC. Calculated as the daily average of the last declared dividend per share divided by the closing share price on the respective day. 5-year average is a simple average of 2018 to 2022. . . . 13 Source: FactSet

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