F I N A N C I N G S U C C E S S F U L M I N E S Royalties and streams provide low-cost and flexible funding for the mining industry. It helps operators reduce the fixed burden of debt and avoid excessive equity dilution, particularly when financing new mine builds. We aim to be a stable and supportive partner through the cycle and to share in the exploration success of the projects that we help fund. PROJECT DEVELOPMENT EMERGING PROJECTS M&A DEBT REDUCTION TSX / NYSE: FNV 8 ★ Franco-Nevada Corporation Overview