May 9, 2019

Chuck Magro, President & CEO

Nutrien’s Annual Meeting of Shareholders

Forward Looking Statements

Certain statements and other information included in this presentation constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws (such

statements are often accompanied by words such as "anticipate", “forecast”, "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). All statements in this presentation, other than those relating to

historical information or current conditions, are forward-looking statements, including, but not limited to: Nutrien's 2019 annual and first half guidance, including expectations regarding our diluted earnings per share and EBITDA (both

consolidated and by segment); capital spending expectations for 2019; expectations regarding performance of our segments in 2019; our market outlook for 2019, agriculture and Retail and crop nutrient markets including anticipated

supply and demand for our products and services, expected market and industry conditions with respect to crop nutrient application rates, planted acres, crop mix, prices and the impact of market fluctuation and import and export

volume expectations regarding completion of previously announced expansion projects (including timing and volumes of production associated therewith) and acquisitions and divestitures; and the expected synergies associated with

the merger of Agrium and PotashCorp, including timing thereof. These forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which could cause actual

results to differ materially from such forward-looking statements. As such, undue reliance should not be placed on these forward-looking statements.

All of the forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions referred to below and elsewhere in this document. Although Nutrien

believes that these assumptions are reasonable, this list is not exhaustive of the factors that may affect any of the forward-looking statements and the reader should not place an undue reliance on these assumptions and such forward-

looking statements. The additional key assumptions that have been made include, among other things, assumptions with respect to Nutrien's ability to successfully integrate and realize the anticipated benefits of its already completed

(including the merger of Agrium and PotashCorp) and future acquisitions, and that we will be able to implement our standards, controls, procedures and policies at any acquired businesses to realize the expected synergies; that future

business, regulatory and industry conditions will be within the parameters expected by Nutrien, including with respect to prices, margins, demand, supply, product availability, supplier agreements, availability and cost of labor and

interest, exchange and effective tax rates; the completion of our expansion projects on schedule, as planned and on budget; assumptions with respect to global economic conditions and the accuracy of our market outlook expectations

for 2019 and in the future; the adequacy of our cash generated from operations and our ability to access our credit facilities or capital markets for additional sources of financing; our ability to identify suitable candidates for acquisitions

and divestitures and negotiate acceptable terms; ability to maintain investment grade rating and achieve our performance targets; assumptions in respect of our ability to sell equity positions including the ability to find suitable buyers at

expected prices and successful completion of such transactions in a timely manner; the receipt, on time, of all necessary permits, utilities and project approvals with respect to our expansion projects and that we will have the resources

necessary to meet the projects’ approach.

Events or circumstances that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: general global economic, market and business conditions; the failure to

successfully integrate and realize the expected synergies associated with the merger of Agrium and PotashCorp, including within the expected timeframe; weather conditions, including impacts from regional flooding and/or drought

conditions; crop planted acreage, yield and prices; the supply and demand and price levels for our products; governmental and regulatory requirements and actions by governmental authorities, including changes in government policy,

government ownership requirements, changes in environmental, tax and other laws or regulations and the interpretation thereof; political risks, including civil unrest, actions by armed groups or conflict and malicious acts including

terrorism; the occurrence of a major environmental or safety incident; innovation and security risks related to our systems; the inability to find suitable buyers for our equity positions and counterparty and transaction risk associated

therewith; regional natural gas supply restrictions; counterparty and sovereign risk; delays in completion of turnarounds at our major facilities; gas supply interruptions at our Egyptian and Argentinian facilities; any significant impairment

of the carrying value of certain assets; risks related to reputational loss; certain complications that may arise in our mining processes; the ability to attract, engage and retain skilled employees and strikes or other forms of work

stoppages; and other risk factors detailed from time to time in Agrium, PotashCorp and Nutrien reports filed with the Canadian securities regulators and the Securities and Exchange Commission in the United States. The purpose of

our expected adjusted earnings per share and adjusted consolidated EBITDA and EBITDA by segment guidance range is to assist readers in understanding our expected and targeted financial results, and this information may not be

appropriate for other purposes.

Non-IFRS Financial Measures Advisory

We consider adjusted EBITDA, adjusted net earnings per share, Adjusted EBITDA and adjusted net earnings per share guidance, Potash Cash cost of product manufactured (COPM), urea controllable cash COPM, all of which are

non-IFRS financial measures, to provide useful information to both management and investors in measuring our financial performance and financial condition. Refer to the disclosure under the heading “Appendix B - Non-IFRS

Financial Measures” included in our news release dated May 9, 2019 announcing our first quarter 2019 results, as filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov under our corporate profile, for a reconciliation of

these non-IFRS financial measures to the most directly comparable measures calculated in accordance with IFRS and for a further discussion of how these measures are calculated and their usefulness to users including management.

Non-IFRS financial measures are not recognized measures under IFRS and our method of calculation may not be comparable to that of other companies. These non-IFRS financial measures should not be considered as a substitute

for, or superior to, measures of financial performance prepared in accordance with IFRS.

Nutrien disclaims any intention or obligation to update or revise any forward-looking statements in this document as a result of new information or future events, except as may be required under applicable US federal securities laws or

applicable Canadian securities legislation.

May 9, 2019

May 9, 2019

3

Grow Our World From the Ground Up

Nutrien will help growers meet this challenge in a sustainable manner

May 9, 2019

4Our Vision is to be the Leading Global Integrated Ag Solutions Provider

STRATEGY Create the best channel to

the customerOwn leading production assets &

proprietary offerings

• Grow Retail footprint in N. America and

Australia

• Expand Brazil Retail business

• Enhance our digital and finance solutions

for growers

Build a unique relationship

with the grower

• Optimize and invest to further enhance

supply chain advantages in North

America

• >1,700 retail locations in 7 countries

• ~60% adoption rate1 for new digital

platform

World’s Largest

Ag Retailer

• >2,100 N. American distribution points

• Lowest-cost, highest-margin path to

market

Unmatched Distribution Network

• ~ 27 Mmt of crop nutrient sales

• 25% of Retail gross margin is proprietary

product sales

Large Scale, Low Cost Producer

COMPETITIVE

ADVANTAGES

FOCUS

AREAS

• Selectively invest in well-positioned

wholesale assets

• Expand proprietary products lines

Vision: Leading Global Integrated Ag Solutions Provider

Source: Nutrien

1. Customer sales linked to Nutrien Ag Solutions platform

Nutrien Delivering Value to Shareholders

Source: Factset, IPREO, Company Reports

5Successfully Executing on our Strategic Priorities in 2018

May 9, 2019

• Achieved $521M of run-rate synergies in 2018, increased target to

$600M by the end of 2019

• Completed required divestment of equity positions for $5.3B

• 53 accretive Retail locations acquired

• Record potash and nitrogen sales volumes

• Launched award-winning digital platform for growers

• $2.8B in dividends paid and share repurchases

• Share repurchase program in place since February 2018Shareholder

Returns

Growth

Initiatives

Integration &

Synergies

Our Diversified Portfolio Provides Stability and Multiple Avenues for Growth

6

1. This is a Non-IFRS measure. Refer to the Forward Looking Statements and Non-IFRS Financial Measures in Management's Discussion & Analysis included in Nutrien’s 2018 Annual Report

2. Reflects the combined historical results of PotashCorp and Agrium for the year ended December 31, 2017

3. Free cash flow is defined as Cash from Operating Activities net of discontinued operations, less sustaining capital and changes in working capital

USD billions (unless otherwise noted) 2018

Adjusted Combined 1,2

2017

Revenue $19.6 $18.2

Adjusted EBITDA 1 $3.9 $3.0

Free Cash Flow 1,3 $2.0 $1.3

Sustaining Capital $1.1 $1.0

Adjusted Net Debt1/

Adjusted EBITDA 11.6x 3.1x

Dividends paid and Share

Repurchases$2.8 $0.8

Summary Financial

Performance

Significant Growth in 2018 that Delivered Value

May 9, 2019

Source: Nutrien

Nutrien Delivering Value to Shareholders

Source: Factset, IPREO, Company Reports

Peer

Average

3%

-25%-25%

-20%

-9%

-3%

1%

14%16% 17%

19%

22% 23%25%

Bunge K+S Ingredion Incitec Mosaic ADM AGCO FMC Yara CF ICL Nutrien Deere

S&P 500

~11%

7Strategic Execution Drives Value

12 month Total Shareholder Return (April 30, 2019)

$621M

Run-rate Synergies Achieved

as of March 31, 2019

18%

Expected Adjusted EBITDA

Growth in 2019 1

$1.72

Annualized Dividend 2

5%

Active Share Repurchase

Program

May 9, 20191. Adjusted EBITDA growth from 2018 to the mid-point of 2019 guidance as provided on February 6, 2019.

2. Represents the annualized dividend that was increased and declared on November 5, 2018.

8Multiple Levers to Grow Earnings and Deliver on Capital Priorities

1. Reflects 2018 results.

Source: Nutrien

May 9, 2019

Nutrien is committed to Communities and Employees

Communities1

>600K

Students Reached

Through Ag

Education

Inclusion

Diversity &

inclusion strategy

Purpose

Foster a purpose

driven culture

Safety

Home Safe

Every Day

Employees

Develop meaningful partnerships to strengthen,

support and enhance our communities

Attract, develop and engage skilled employees

who live our values and principles

$17M

Invested

in Communities

2,500

Non-profit

Organizations

Partnered With

Champion diversity

and inclusive growth

in the agriculture

industry

Protect the planet

and minimize our

environmental

footprint

Nutrien is a Leader in Sustainability 9

May 9, 2019

Lead next

wave of

innovation and

sustainability in

agriculture

Source: Nutrien

10Multiple Levers to Grow Earnings and Deliver on Capital Priorities

Return Cash to

Shareholders(~$2.6B expected

cash returned in

2018)

Invest in

Growth(Focus on growing Retail,

opportunistic Wholesale

expansion)

Protect

Balance Sheet(Strong investment

grade rating BBB/Baa2)

Source: Nutrien

May 9, 2019

2018

2018 Highlights and Strategic Focus in 2019 and Beyond

2019 & Beyond

Adjusted EBITDA (+32% from 2017)

Achieved Run-Rate Synergies

Dividends Paid and Share

Repurchases

Net Proceeds from Sale of Equity

Interests

Retail Locations Acquired

Increase in Potash Sales

$3.9B

$521M

$2.8B

$5.3B

53

+1.3Mmt

• Further optimize our integrated channel

• Grow our Retail footprint in key regions

• Enhance our digital omni-channel

offering

• Leverage 5 million mt of incremental

potash capacity

• Evaluate nitrogen brownfield projects

Thank You!

For further information please visit Nutrien’s website at: www.nutrien.com

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