A S S E T P O R T F O L I O Diversified 1 Does not cover all the Mineral Resources or Mineral Reserves reported for the property by the operator 2 Percentage varies depending on the claim block of the property 3 Provides for minimum or advance payments 4 Percentage varies depending on the commodity price or value of ore 5 Payable after operator recovers defined exploration and development expenses 6 These revenue numbers are before the deduction of the purchase cost per ounce 7 8,760 oz Au & 291,000 oz Ag per year until December 2025; then, 63% Au & Ag until 87,600 oz Au & 2,910,000 oz Ag delivered, respectively; thereafter, 25% Au & Ag 8 Sabodala agreement was amended with an effective date of September 1, 2020 9 Net sales royalty attributable to FNV Royalty holding on certain properties and subject to certain thresholds. Copper/Gold rate applies to Sossego at 50% given its previous joint venture ownership 10 GORR and IOC equity interest attributable to FNV 9.9% equity ownership of Labrador Iron Ore Royalty Corporation Revenue ($ millions) Asset Operator Interest and % 2023 2022 2021 Notes Diversified Vale Vale 0.264% Iron Ore, 0.367% Copper/Gold, 0.147% Other 9 $35.1 $40.7 $59.4 Px3, Ex1 LIORC Rio Tinto GORR 0.7% Iron Ore, IOC Equity 1.5% 10 12.1 14.8 30.2 P Other Mining (104 assets) 13.2 6.9 5.2 Px10, Ax9, Ex85 United States (Energy) Marcellus Range Resources GORR 1% 28.0 56.5 36.1 P Haynesville Various Various Royalty Rates 26.0 72.9 38.5 Px2 SCOOP/STACK Various Various Royalty Rates 33.1 57.8 36.4 Px3 Permian Basin Various Various Royalty Rates 47.6 52.6 35.0 Px2 Other (2 assets) 0.3 0.3 0.2 Px1, Ex1 Canada (Energy) Weyburn Unit Whitecap Resources NRI 11.71%, ORR 0.44%, WI 2.56% 50.1 65.0 43.8 Px3 Orion Strathcona Resources GORR 4% 13.6 15.1 10.8 P Other (69 assets) 9.0 13.4 8.7 Px43, Ex26 Revenue – Diversified $268.1 $396.0 $304.3 Total Revenue (Precious Metals + Diversified) $1,219.0 $1,315.7 $1,300.0 Franco-Nevada Corporation ★ 13 TSX / NYSE: FNV Overview