We present the coronagraphic and adaptive optics performance of the Gemini-South Near-Infrared Coronagraphic Imager (NICI). NICI includes a dual-channel imager for simultaneous spectral difference imaging' a dedicated 85-element curvature adaptive optics system' and a built-in Lyot coronagraph. It is specifically designed to survey for and image large extra-solar gaseous planets on the Gemini Observatory 8-meter telescope in Chile. We present the on-sky performance of the individual subsystems along with the end-to-end contrast curve. These are compared to our model predictions for the adaptive optics system' the coronagraph' and the spectral difference imaging.