Overview TRACK RECORD w vie Over 1-Year 2-Year 5-Year Since FNV 1 Total Return Total Return Total Return Inception 2 Franco-Nevada (US$) (17.1%) (11.6)% 10.7% 14.9% NASDAQ 40.9% 7.8% 17.4% 13.1% S&P 500 34.3% 8.9% 15.2% 10.4% 3 Gold Bullion ETF 12.1% 7.2% 11.0% 6.1% Barclays US Aggregate Bond4 2.4% (1.2%) 0.3% 2.7% GDX (index of mostly gold miners) (0.5%) (6.9%) 8.5% (1.0%) Note: Total return assumes reinvestment of dividends over designated period Source: TD Securities; Bloomberg 1 Compounded annual total returns from December 20, 2007 to March 31, 2024 2 Since FNV inception returns in US$ are calculated assuming an initial cost of US$15.21 (based on an IPO price of C$15.20 and CAD/USD of 1.0009 on December 20, 2007). All other index returns are in US$ 3 SPDR Gold Trust 4 Bloomberg Barclays US Aggregate Bond Index 1,2,3 CAGR SINCE FNV INCEPTION Franco-Nevada (FNV) US$ basis NASDAQ S&P 500 Gold Bullion ETF Barclays US Aggregate Bond GDX (index of mostly gold miners) -5% 0% 5% 10% 15% 1 FNV Inception - December 20, 2007 2 Compounded annual total returns to March 31, 2024 3 Source: TD Securities; Bloomberg “ Since its IPO in 2007, Franco-Nevada has outperformed all the relevant benchmarks.” 16 ★ Franco-Nevada Corporation TSX / NYSE: FNV