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Responsible Capital Allocation Community Contributions Good Governance & Shareholder Alignment Diversity, Inclusion & Well-Being Climate Action Transparency & Guiding Principles Appendices 61 Potential Financial Impact for: Description of Physical Risks Our Operators Our Company By Jurisdiction (continued) Panama • Panama’s vulnerability to tropical storms and droughts is expected to increase Main risks: Health and safety of employees, damage to infrastructure; Revenue could be impacted in the short, medium or long-term due to interruptions as climate change impacts the El Niño/La Niña phenomenon supply chain disruptions to production caused by physical climate hazards • Episodes of extreme heat and the occurrence of wildfires are projected to rise Financial impacts to operations: Reduction in revenue due to production delays; Risk of stranded Assets: Medium • Flooding and landslides could pose a significant risk, but the impact of climate increased operational costs (i.e. repairs to operations, energy costs) change on these hazards is uncertain Northern Ontario • Wildfires, water stress and drought are projected to increase Main risks: Health and safety of employees; damage to infrastructure; Revenue could be impacted in the short, medium or long-term due to interruptions • Rising temperatures in Ontario will reduce the risk of extreme cold supply chain disruptions to production caused by physical climate hazards • Changes to precipitation levels are expected, but the possible impacts on mining Financial impacts to operations: Reduction in revenue due to production delays; Risk of stranded Assets: Low operations appear limited increased operational costs (i.e. repairs to operations, energy costs)

2023 ESG Report | Franco-Nevada - Page 63 2023 ESG Report | Franco-Nevada Page 62 Page 64