Nutrien Ltd. (NTR) Q4 2022 Earnings Call Transcript

Nutrien Ltd. (NYSE:NTR) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET

Company Participants

Jeff Holzman - Vice President, Investor Relations

Ken Seitz - President and Chief Executive Officer

Pedro Farah - Chief Financial Officer

Mark Thompson - Chief Commercial Officer

Jeff Tarsi - Executive Vice President and President, Global Retail

Trevor Williams - Interim President, Nitrogen and Phosphate

Jason Newton - Chief Economist and Head of Market Research

Trevor Williams - Interim President, Nitrogen and Phosphate

Chris Reynolds - President, Potash

Conference Call Participants

Andrew Wong - RBC Capital Markets

Jacob Bout - CIBC

Lucas Beaumont - UBS

Joel Jackson - BMO Capital Markets

Ben Isaacson - Scotiabank

Steve Byrne - Bank of America

Adam Samuelson - Goldman Sachs

Christopher Parkinson - Mizuho

Jeff Zekauskas - JPMorgan

Michael Tupholme - TD Securities

Will Tang - Morgan Stanley

Steve Hansen - Raymond James

Richard Garchitorena - Wells Fargo

Operator

Good morning, ladies and gentlemen and welcome to the Nutrien 2022 Q4 Earnings Conference Call. [Operator Instructions] This call is being recorded on February 16, 2023 at 10 a.m. Eastern time. I would now like to turn the conference over to Jeff Holzman, Vice President of Investor Relations. Please go ahead.

Jeff Holzman

Thank you, operator. Good morning and welcome to Nutrien’s fourth quarter 2022 conference call. As we conduct this call, various statements that we make about future expectations, plans and prospects contain forward-looking information. Certain material assumptions were applied in making these conclusions and forecasts. Therefore, actual results could differ materially from those contained in our forward-looking information. Additional information about these factors and assumptions are contained in our quarterly report to shareholders as well as our most recent annual report, MD&A and annual information form filed with Canadian and U.S Securities Commissions.

I will now turn the call over to Ken Seitz, President and CEO and Pedro Farah, our CFO, for opening comments before we take your questions.

Ken Seitz

Good morning and thank you for joining us as we recap our full year results and discuss the outlook for our business going forward. 2022 was an unprecedented year on many fronts. Geopolitical events, most notably the war between Russia and Ukraine contributed to significant supply disruptions across agriculture, energy and fertilizer markets. The supply shocks were most pronounced for global fertilizer markets leading to higher prices, increased volatility and major shifts in buying patterns throughout the year.