Overview Royalty Ounces by Mineral Resource, Location and Type w vie er Royalty Ounces by M&I Royalty Ounces1 by M&I Royalty Ounces1 by v O Mineral Resource Category Location Type P&P 49% South America 34% NSR 42% M&I 29% Central America Stream 46% Inferred 22% and Mexico 29% NPI 3% United States 14% Other 9% Canada 17% Rest of World 6% 1 M&I Royalty Ounces include P&P Royalty Ounces Royalty Ounce Growth Royalty ounces represent cost-free ounces to Franco-Nevada. The following chart shows the Royalty Ounce growth over the last 10 years. 20 15 es (millions) unc 10 y O alt y o R 5 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 P&P Royalty Ounces Exclusive M&I Royalty Ounces 18 Franco-Nevada Corporation TSX / NYSE: FNV