-5% 0% 5% 10% 15% NASDAQ S&P 500 Gold Bullion ETF Barclays US Aggregate Bond Franco-Nevada (FNV) US$ basis GDX (index of mostly gold miners) T R A C K R E C O R D CAGR Since FNV Inception1,2,3 “ Since its IPO in 2007, Franco-Nevada has outperformed all the relevant benchmarks.” 1 FNV Inception - December 20, 2007 2 Compounded annual total returns to March 31, 2025 3 Source: TD Securities; Bloomberg TSX / NYSE: FNV 14 ★ Franco-Nevada Corporation Overview Overview