Overview ASSET PORTFOLIO Diversi昀椀ed Revenue ($ millions) Asset Operator Interest and % 2023 2022 2021 Notes Diversi昀椀ed 9 Vale Vale 0.264% Iron Ore, 0.367% Copper/Gold, 0.147% Other $35.1 $40.7 $59.4 Px3, Ex1 10 LIORC Rio Tinto GORR 0.7% Iron Ore, IOC Equity 1.5% 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 Precious Metals 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 – Diversi昀椀ed $268.1 $396.0 $304.3 Total Revenue (Precious Metals + Diversified) $1,219.0 $1,315.7 $1,300.0 Diver 1 Does not cover all the Mineral Resources or Mineral Reserves reported for the property by 7 8,760 oz Au & 291,000 oz Ag per year until December 2025; then, 63% Au & Ag until 87,600 oz sified Assets the operator Au & 2,910,000 oz Ag delivered, respectively; thereafter, 25% Au & Ag 2 Percentage varies depending on the claim block of the property 8 Sabodala agreement was amended with an effective date of September 1, 2020 3 Provides for minimum or advance payments 9 Net sales royalty attributable to FNV Royalty holding on certain properties and subject to 4 Percentage varies depending on the commodity price or value of ore certain thresholds. Copper/Gold rate applies to Sossego at 50% given its previous joint venture 5 Payable after operator recovers de昀椀ned exploration and development expenses ownership 6 These revenue numbers are before the deduction of the purchase cost per ounce 10 GORR and IOC equity interest attributable to FNV 9.9% equity ownership of Labrador Iron Ore Royalty Corporation Mineral Resources and Mineral Reser ves Additional Inf or mation TSX / NYSE: FNV Franco-Nevada Corporation ★ 13