Today, Nutrien is convening an Investor Day at the New York Stock Exchange, commencing at 10:00 a.m. EDT. At this event, company executives will elaborate on their strategies aimed at bolstering Nutrien’s leadership within the agricultural value chain and positioning the company for sustained long-term growth.
Ken Seitz, President and CEO of Nutrien, highlighted the company’s unique position, stating, “Nutrien operates the most extensive crop inputs and services ecosystem, leveraging low-cost upstream production assets, global supply chain capabilities, and a leading downstream retail channel.” He emphasized Nutrien’s differentiated business model, focusing on efficient production and distribution to serve key agricultural markets worldwide.
Seitz further elaborated on the agenda for the day, indicating that Nutrien would provide updates on its strategic evolution and set new performance targets aimed at delivering enduring value for shareholders. The company’s streamlined plan prioritizes initiatives to better serve growers in core markets, maintain cost efficiency and asset reliability, and enhance earnings quality and free cash flow.
Key Strategic Priorities and Performance Targets
- Simplifying the portfolio and concentrating on core assets and markets to improve earnings quality and free cash flow.
- Prioritizing investments to enhance North American fertilizer production assets, strengthen global distribution networks, and expand core downstream Retail markets.
- Reviewing strategic options for the 50 percent ownership stake in Profertil and discontinuing the pursuit of the Geismar clean ammonia project.
- Driving operational improvements and optimizing networks to increase asset efficiency, particularly focusing on potash and nitrogen operations.
- Maintaining a low-cost position and improving the reliability of upstream production assets through automation and operational excellence initiatives.
- Modernizing and consolidating the downstream Retail network in North America and implementing a targeted margin improvement plan in Brazil.
Scalable Growth Objectives
Nutrien aims to achieve potash and nitrogen sales volume growth of approximately 2.0 to 3.0 million tonnes by 2026, compared to 2023 levels. Additionally, the company targets Retail adjusted EBITDA of $1.9 to $2.1 billion in 2026, including a gross margin goal of $1.4 billion from proprietary products.
Disciplined Cost and Capital Management
The company intends to reduce controllable costs by approximately $200 million by 2026 and maintain annual average capital expenditures of $2.2 to $2.3 billion through 2026. Nutrien expects to generate robust cash flow throughout economic cycles, enabling it to pursue strategic capital deployment opportunities and provide meaningful returns to shareholders.
Nutrien will delve deeper into its strategic priorities, 2026 performance targets, and capital allocation plans during the Investor Day. The event will commence at 10:00 a.m. EDT and conclude around 12:30 p.m. EDT. To access the live webcast and presentation materials, visit Nutrien’s investor relations page at https://www.nutrien.com/investors/events/nutrien-2024-investor-day. A replay of the webcast will be available after the event.
Forward-Looking Statements Disclaimer
The forward-looking statements in this release are based on certain key expectations and assumptions made by Nutrien, subject to various risks and uncertainties. While Nutrien believes these expectations are reasonable, actual results may differ materially due to factors such as economic conditions, regulatory requirements, and performance of third parties. Nutrien disclaims any obligation to update or revise forward-looking statements, except as required by applicable laws.
