How we create value
Our integrated business provides a number of advantages compared to our competitors, including operational, financial and sustainability opportunities. We continue to explore ways to further enhance the capabilities of our business to capture additional benefits across the agriculture value chain.
1 | Advantaged position across the ag value chain Our integrated business provides competitive advantages to optimize operations, transportation and logistics, increase supply chain efficiencies, support volume growth, and be the key connection with the grower.
| World-class production assets | Global supply chain | Leading ag retail network |
|---|
| 26Mmt | ~460 | >2,000 |
|---|
| NPK manufactured sales volumes in 2023 | wholesale fertilizerdistribution points | Retail selling locations across NorthAmerica, South America and Australia |
|---|
| ~2,000 | >1,000 | >4,000 |
|---|
| proprietary products | crop input suppliers | crop consultants |
|---|
| Overview | MD&A | Five-year highlights | Financial statements and notes |
|---|
| Our company | |
2 | Proven financial strength and stability Our diversified Retail business enhances the stability of our earnings base and our low-cost fertilizer production assets have historically generated significant cash flow, providing the ability to invest in our business and return meaningful capital to our shareholders.
| Substantial cash generation | Balanced approach to capital allocation (2019-2023) |
|---|
| $4.8B annual average cash provided byoperating activities (2019-2023) | (percent) |
|---|
3 | Provider of sustainable agriculture solutions Positioned to drive long-term value creation through integration ofsustainability initiatives, from fertilizer production to grower practicesin the field.
| Carbon sequestration | Sustainability program | Collaborative partnerships |
|---|
| 400K | 900K | Value chain collaborator |
|---|
| tonnes CO2 permanently sequestered | sustainable agriproduct | |
|---|
| from our operations in 2023 | program acres | to advance sustainable agriculture |
|---|
| Overview | MD&A | Five-year highlights | Financial statements and notes |
|---|
| Our company | |
Global profile Our world-class fertilizer manufacturing assets are primarily located in North America, with access to high-quality resources, lower cost inputs and an extensive distribution network to efficiently supply our customers. Our Retail business serves growers in key agricultural markets in North America, South America and Australia.
| 6 | 13 |
| Potash mines in Saskatchewan | Nitrogen production and upgrade facilities in North America and Trinidad |
|---|
| 1,475 | 6 |
| Retail selling locations in North America | Phosphate production and upgrade facilities in the US |
|---|
| Retail | 250 Retail selling locations in South America |
|---|
| Potash |
|---|
| Nitrogen |
|---|
| Phosphate |
|---|
| Joint venture and investments |
|---|
| European distribution |
|---|
| Overview | MD&A | Five-year highlights | Financial statements and notes |
|---|
| Our company | |
| $19.5B | $3.8B | $3.8B | $1.7B |
|---|
| Net sales 1 | Net sales 1,2 | Net sales 1,2 | Net sales 1,2 |
|---|
| $1.5B | $2.4B | $1.9B | $0.5B |
|---|
| Adjusted | Adjusted | Adjusted | Adjusted |
|---|
| EBITDA 1 | EBITDA 1 | EBITDA 1 | EBITDA 1 |
|---|
| 17,000 | 3,200 | 1,700 | 1,500 |
| Number of | Number of | Number of | Number of |
| employees 3 | employees 3 | employees 3 | employees 3 |
| 1 | For the fiscal year ended December 31, 2023. |
| 2 | Related to manufactured products for Potash, Nitrogen and Phosphate. |
| 3 | As at December 31, 2023. |
Retail selling locations in Australia
Nutrien has four reportable operating segments: Retail, Potash, Nitrogen and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seed and merchandise, and provides services, including financing, directly to growers through a network of Retail selling locations in North America, South America and Australia. The Potash, Nitrogen and Phosphate segments are differentiated by the chemical nutrient contained in the products that each produces.
| Overview | MD&A | Five-year highlights | Financial statements and notes |
|---|
| Our company | |