80 TSX / NYSE: FNV Franco-Nevada Corporation Rest of World Overview Overview Precious Metals Matilda (Wiluna) South Kalgoorlie Location: Australia Operator: Wiluna Mining Corporation Limited Precious Metals: Au Royalty: NSR: 3.6% Location: Australia Operator: Northern Star Resources Limited Precious Metals: Au Royalty: NSR: 1-4% Franco-Nevada holds a 3.6% NSR royalty on all gold production from the Matilda/Wiluna Gold Project located in Western Australia, covering all of the 1,150 km 2 property. Wiluna was discovered in 1896 and has produced in excess of 4.0 million ounces of gold to date, with nearly continuous production from 1987 to 2013. Wiluna Mining Corporation Limited (“WMC”) acquired the Wiluna Gold Operation in 2014 and resumed mining operations in 2016. Wiluna has a 2.1 Mtpa CIL treatment plant and processes ore from several open-pit and underground deposits. Total production for 2022 was 67,989 ounces of gold. In December 2021, WMC commissioned a 750,000 tpa Sulphide Ore Concentrate Plant which was built at a cost of A$26 million. WMC went into Voluntary Administration on July 20, 2022. Mining operations ceased on December 14, 2022. Processing low-grade stockpiles continued until February 2023. WMC plans to reprocess tailings for approximately 12-18 months. Franco-Nevada received $0.2 million of royalty revenue from Matilda/Wiluna in 2022. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 3.6% is applicable Northern Star Resources Limited (“Northern Star”) operates the South Kalgoorlie Operation (“SKO”) which has been producing gold since 1989. SKO is located 15 km south of Kalgoorlie in Western Australia. Franco- Nevada holds a 1.75-4% NSR royalty for gold and a 1-2.25% NSR royalty for other minerals which covers 470 km 2 of the SKO tenements including the HBJ underground mine and the Mt Marion and Pernatty satellite deposits, along with the 1.2 Mtpa Jubilee Mill. Effective January 1, 2023 the royalty agreement was amended to increase the royalty rate on the northern and central sections of the HBJ underground mine from 1.75% to 4%. Northern Star combines SKO with the Kalgoorlie, Carosue Dam and Kanowna Belle gold mines, and reported total production of 847,372 ounces of gold at the combined Kalgoorlie Production Centre for the year ended December 31, 2022. Northern Star placed the Jubilee mill on care and maintenance in July 2022, with ore feed directed to Kanowna Belle and Kalgoorlie. Franco-Nevada estimates that the royalty production accounts for approximately 7% of total combined Kalgoorlie Production Centre production. Franco-Nevada received $2.4 million of royalty revenue from SKO in 2022. For Royalty Ounce calculation, Franco-Nevada estimates 75% of Mineral Resources and 82% of Mineral Reserves are subject to our royalty interest and estimates a rate of 1.75% is applicable Kiziltepe Location: Türkiye Operator: Zenit Madencilik San. ve Tic. A.S. Precious Metals: Au & Ag Royalty: NSR: 2.5% Production guidance for 2023 is expected to be approximately 18,000 ounces of gold. Open-pit mining during 2023 will continue largely at the Arzu North, Derya and Banu pits. Ariana Resources has previously estimated average production of 20,000 ounces of gold equivalent per year over an 8-year mine life with potential to increase to at least 10 years including satellite deposits. Production at Kiziltepe is expected to be lower in 2023, due to lower-grade ore and a reduced ore throughput rate to the mill of approximately 350,000 tonnes per annum. Extensive near-mine exploration is underway, with positive results received across various vein systems covered by Franco-Nevada’s royalty. In 2023, recent geophysics will be fully assessed to determine the drilling required to adequately test these newly identified targets. For Royalty Ounce calculation, Franco-Nevada estimates 100% of the Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 2.5% is applicable. Franco-Nevada has a 2.5% NSR on the Kiziltepe gold - silver mine located in Türkiye which started production in April 2017. Kiziltepe is operated by Zenit Madencilik San. ve Tic. A.S., a JV owned by Özaltin Holding A.S. (53%), Ariana Resources PLC (“Ariana Resources”) (23.5%) and Proccea Construction Co. (23.5%). Kiziltepe produced 28,421 ounces of gold in 2022 compared with 20,737 ounces of gold in 2021. Kiziltepe, Türkiye