78 TSX / NYSE: FNV Franco-Nevada Corporation Rest of World Overview Overview Precious Metals Duketon Location: Australia Operator: Regis Resources Ltd. Precious Metals: Au Royalty: NSR: 2% Deposits Duketon Royalty Area 2% NSR km 0 30 Perth Port Hedland Kalgoorlie Norseman Kambalda Baneygo Erlistoun King John Garden Well Dogbolter Gloster Moolart Well Petra Rosemont Reichelts Find Current Royalty Tenements Original Royalty Tenements * Additional royalty lands to south not shown due to scale. N Russells Find Tooheys Well Duketon South Operations (“DSO”): Regis reported DSO production of 248,544 ounces of gold for calendar year 2022. All of DSO production was subject to Franco-Nevada’s royalty in 2022. DSO has five operating mines at Garden Well, Rosemont, Erlistoun, Tooheys Well and Banyego. Franco-Nevada’s royalty covers all of DSO’s Mineral Resources and Mineral Reserves, except for Ben Hur and a small portion of Erlistoun. DSO production began in 2012 at Garden Well which has a 5 Mt per annum plant. Rosemont has a 2.5 Mt per annum plant and milled ore from Rosemont is piped 10 km in a slurry form for leaching at Garden Well. Ore from satellite deposits at Erlistoun, Tooheys Well and Ben Hur is hauled to Garden Well for processing. Garden Well South Underground production commenced in March 2022, with first stope production in October 2022. Garden Well Main Underground scoping study commenced in 2022 and an exploration decline was approved. In January 2022 heavy rains caused a pit wall failure and halted production at the Rosemont Main Pit, which had been due for completion in June 2022. Production at Rosemont Underground and Rosemont North Pit was not affected. Duketon North Operations (“DNO”): Regis reported DNO production of 79,239 ounces of gold for calendar year 2022. DNO has five operating mines at Moolart Well, Gloster, Dogbolter, Anchor and Petra. Moolart Well has been in production since 2010 and has a 2.5 Mt per annum plant. Moolart Well is covered by Franco-Nevada’s royalty, but has provided only a small portion of ore to the Moolart Well mill since 2016. The majority of ore processed through the Moolart Well plant since 2016 comes from four satellite deposits. Gloster and Anchor satellite deposits are not covered by Franco-Nevada’s royalty. Dogbolter and Petra satellite deposits are partially covered by Franco-Nevada’s royalty. Approximately 73% of DNO production was subject to Franco-Nevada’s royalty in 2022. Exploration: With an extensive land position and an active exploration program, Regis continues to add to the overall Mineral Resources and Mineral Reserves at Duketon. Garden Well South Underground production commenced March 2022 Garden Well Main Underground scoping study underway and exploration decline approved Extensive land position and active exploration program 2022 2021 2020 Revenue to Franco-Nevada ($ million) $ 10.7 $ 11.1 $ 9.6 M&I Resource (koz Au) 1 4,120 3,950 4,160 Inferred Resource (koz Au) 1 1,030 610 500 P&P Reserves (koz Au) 1 1,400 1,990 1,540 M&I Royalty Ounces (000s) 1, 2 71 72 77 Inferred Royalty Ounces (000s) 2 16 11 9 P&P Royalty Ounces (000s) 2 25 37 29 1 Please refer to the tables on pages 116-120 for a breakout of grade and tonnages by Mineral Resource category; all M&I categories are inclusive of Mineral Reserves 2 For Royalty Ounce calculation, Franco-Nevada estimates 88% (93% in 2021, 93% in 2020) of Mineral Reserves and 86% of the Mineral Resources (91% in 2021, 92% in 2020) are subject to our royalty interest and estimates a rate of 2.0% is applicable Franco-Nevada has a 2% NSR royalty that covers 2,678 km 2 of the Duketon gold project in Western Australia. The project is operated by Regis Resources Ltd. (“Regis”) and includes nine operating mines and five other deposits at various stages of development. The royalty covers all known Mineral Resources and Mineral Reserves, except for the Gloster, Ben Hur and Anchor satellite deposits and portions of the Erlistoun, Dogbolter and Petra satellite deposits. Regis reported production of 327,783 ounces of gold for 2022 and provided production guidance of 320,000 to 355,000 ounces of gold for the fiscal year ending June 30, 2023. During 2022, approximately 91% of total Duketon production was subject to Franco-Nevada’s royalty and a similar portion is expected in 2023. Duketon, Australia