58 TSX / NYSE: FNV Franco-Nevada Corporation Canada Overview Overview Precious Metals Brucejack Location: British Columbia, Canada Operator: Newcrest Mining Limited Precious Metals: Au & Ag Royalty: NSR: 1.2% km 0 2 Vancouver British Columbia Stewart Brucejack Property Brucejack Property Brucejack Lake West Zone Gossan Hill Zone Hanging Glacier Zone Bonanza Zone Flow Dome Zone Bridge Zone Shore Zone Golden Marmot Zone SG Zone Snowfield Brucejack Mine Valley of the Kings Brucejack Project Royalty Area 1.2% NSR Brucejack Property Covered by Royalty Not Covered by Royalty 2022 2021 2020 Revenue to Franco-Nevada ($ million) $ 5.8 $ 7.0 $ 7.2 M&I Resource (koz Au) 1, 2 7,200 7,200 7,600 Inferred Resource (koz Au) 1, 2 3,100 3,100 3,100 P&P Reserves (koz Au) 1, 2 3,900 3,900 4,200 M&I Royalty Ounces (000s) 1, 2, 3 86 86 91 Inferred Royalty Ounces (000s) 2, 3 37 37 37 P&P Royalty Ounces (000s) 2, 3 47 47 50 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 Does not include silver Mineral Resources or Mineral Reserves 3 For Royalty Ounce calculation, Franco-Nevada estimates that 100% of the remaining Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 1.2% is applicable In May 2013, Franco-Nevada purchased an existing 1.2% NSR royalty covering Newcrest Mining Limited’s (“Newcrest”) Brucejack gold project in northwestern British Columbia. The project includes two principal deposits, the Valley of the Kings and the West Zone. The mine was developed by Pretium Resources Inc.’s (“Pretium”) and commenced production in 2017. Newcrest acquired Pretium in early 2022. Brucejack produced 250,357 ounces of gold in the full 2022 calendar year with Newcrest expecting Brucejack to produce approximately 320,000 to 370,000 ounces of gold for the financial year ending June 30, 2023. Production at Brucejack was impacted by a temporary suspension of operations in October 2022 and gold production is expect to increase in H1 2023, driven by higher mill throughput. Pretium’s guidance in March 2020 stated a life of mine average annual production of approximately 311,000 ounces of gold with a 13-year mine life. Newcrest is advancing a debottlenecking concept study to potentially increase the process plant capacity from 3,800 tpd to between 4,500 and 5,000 tpd, with a permit application expected in H1 2023. Exploration drilling in 2022 continued to confirm the potential for resource growth at the Valley of the Kings deposit and surrounding area. Further high-grade results were returned from the 1080 HBx Zone and Golden Marmot during 2022, both areas which are covered by Franco- Nevada’s royalty and located outside of the current published resource. Near-mine exploration targets on royalty ground outside of the West Zone include the Bridge Zone, Shore Zone, Gossan Hill Zone, SG Zone, Bonanza Zone and the western portion of the Flow Dome Zone. The easternmost portion of the Flow Dome Zone, east of the Valley of the Kings, is not covered on royalty ground. Mill debottlenecking concept study advancing High-grade results from Golden Marmot and 1080 HBx Zone on royalty ground Brucejack, British Columbia