Nutrien to Highlight Strategic Priorities and 2026 Targets at Investor Day
“Nutrien operates the most extensive crop inputs and services ecosystem with low-cost upstream production assets, global supply chain capabilities, and the leading downstream retail channel to the farmer. Our differentiated business model is centred on our ability to efficiently produce and distribute the products and services needed in key agriculture markets around the world,” commented
“Today, we look forward to providing an update on the evolution of our strategy and establish new performance targets that we believe provide a clear pathway to deliver long-term value for our shareholders. Our simplified and focused plan prioritizes initiatives that enhance our ability to serve growers in our core markets, maintain the low-cost position and reliability of our assets, and improve the quality of our earnings and free cash flow,” added
Strategic Priorities and Performance Targets
Simplifying portfolio and focusing on core assets and markets to enhance earnings quality and free cash flow.
- Prioritizing investments to enhance our North American fertilizer production assets and proprietary products capabilities, strengthen our global distribution network and grow in our core downstream Retail markets.
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Reviewing strategic options for our 50 percent ownership stake in
Profertil and announcing we are no longer pursuing ourGeismar clean ammonia project.
Driving operational improvements and network optimization opportunities to increase asset efficiency.
- Focused on maintaining a low-cost position and enhancing the reliability of our upstream production assets. Supporting these objectives through the deployment of automation and other operational excellence initiatives in potash and the implementation of reliability and energy efficiency programs in nitrogen.
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Optimizing downstream Retail network through modernization and consolidation initiatives in
North America and a targeted margin improvement plan inBrazil .
Utilizing competitive advantages to deliver scalable growth.
- Targeting potash and nitrogen sales volume growth of approximately 2.0 to 3.0 million tonnes by 2026, compared to 2023 levels.
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Targeting Retail adjusted EBITDA of
$1.9 to$2.1 billion in 2026, including a goal of$1.4 billion in gross margin from our proprietary products portfolio.
Maintaining disciplined approach to cost and capital management.
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Intend to reduce controllable costs across our operations and corporate functions by approximately
$200 million by 2026 and maintain annual average capital expenditures of$2.2 to$2.3 billion through 2026. - Expect to generate strong cash flow through the cycle, providing the opportunity to pursue high conviction capital deployment opportunities, including meaningful returns to shareholders.
The event will begin at
Forward-Looking Statements
Certain statements in this news release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws including Nutrien’s strategic priorities and performance targets; our expectations for quality of earnings and free cash flow; our intention to increase asset efficiency including our expectations for potash automation, nitrogen reliability and efficiency programs as well as optimizing our Retail network and margin improvement plans in
The forward-looking statements in this news release are made as of the date hereof and
About
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Investor Relations
Vice President, Investor Relations
(306) 933-8545
Media Relations
Vice President,
(403) 797-3015
Contact us at: www.nutrien.com
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