1)   Demand is growing for our agricultural products and solutions

The world’s population is expected to approach 10 billion by 2050 and our grower customers will face continued pressure to produce more and better quality food on limited arable land, while minimizing impacts on the environment.

2)    We operate the leading global agricultural retail network

Nutrien Ag Solutions is the world’s largest direct-to-grower provider of crop inputs and services. Our scale provides unique procurement and logistical efficiencies, and our local focus and innovative digital applications ensure we are well positioned to respond to growers’ individual needs.

3)    We are the largest crop nutrient company in the world

With over 26 million tonnes of potash, nitrogen and phosphate sales, Nutrien is the pre-eminent global supplier of crop nutrients. We leverage these world-class assets with our retail distribution network to bring nutrients to market with unparalleled efficiency.

4)    Our diversified portfolio provides stability and multiple avenues for growth

Our retail business offers a stable earnings base and many acquisition and organic growth opportunities. The scale of our crop nutrient business provides opportunity to lower operating costs and grow volumes as global demand continues to rise.

5)    We are well positioned to return cash to shareholders

Our strong free cash flow, stable retail earnings base and solid balance sheet provide an opportunity to grow capital returns. We expect net proceeds of approximately $5 billion from the divestiture of our equity investments, run-rate synergies of $500 million by the end of 2019 and have significant upside opportunity to improving crop nutrient prices.