Nutrien is well-positioned within the Ag sector with its unique and value-enhancing integrated business model. We have a clear path to grow returns for shareholders by developing leading whole-acre solutions, continually optimizing our production profile and lowering costs, while maintaining significant leverage to a potential upturn in the crop input market.

1) ? Broad Exposure to Ag Value Chain

We are well positioned to deliver value with the strength of our people, products, supply chain, data and technology across the Ag value chain. Our integrated model has unique competitive advantages with improved utilization rates and supply chain efficiencies paired with well-positioned assets globally.

2)?? ?Superior Returns with Lower Risk

Our business model has historically displayed earnings stability while still offering significant leverage to the agriculture cycle. Lower earnings volatility relative to our peers mitigates risk for Nutrien investors and reduces the cost of capital.?

3)?? ?Financial Strength and Stability

Diverse earnings, strong free cash flow and balance sheet and integrated model facilitate efficient allocation of capital. We are Positioned to grow our business and return meaningful cash to shareholders through a disciplined “compete for capital” strategy while targeting an investment-grade credit rating. We returned nearly $3.0 billion to shareholders in 2019 through dividends paid and share repurchases.