Overview Funding Successful Mines w vie er Royalties and streams provide low-cost and flexible funding for the mining industry. It helps operators v O reduce the fixed burden of debt and avoid excessive equity dilution, particularly when financing new mine builds. We aim to be a stable and supportive partner through the cycle and to share in the exploration success of the projects that we help fund. M&A Debt Reduction Project Development Emerging Projects 4 Franco-Nevada Corporation TSX / NYSE: FNV