6 6 4 CORPORATE GOAL (1) KEY PRINCIPLES 2021 ACHIEVEMENTS AND CONSIDERATIONS CONCLUSION Outperform various external benchmarks Strong financial performance against guidance Achieved higher end of revised GEO guidance TSR performance in-line on a one-year basis and significant outperformance on a three-year basis vs Performance Index – Objective Performance Measure No. 1 Exceeded revised Energy revenue guidance Achieved record financial results for GEOs, Revenue (27% growth), Adjusted EBITDA (2) and Adjusted Net Income (2) (30% growth), including on a per share basis Objective achieved Growth through value- added acquisitions Organic growth from existing investments New precious metals and diversified investments executed during the year in excess of US$700 million Exceeded the Resource Replacement per Share Measure – Objective Performance Measure No. 2 Exceeded the Book Value Growth per Share – Objective Performance Measure No. 3 Numerous opportunities evaluated and declined Objective significantly exceeded Proactive ESG leadership Detailed ESG due diligence performed on all advanced business development opportunities ESG disclosure reported under TCFD and SASB standards ESG engagement with shareholders Over US$1 million committed toward community, industry and other ESG initiatives during 2021 Internal diversity targets in place and tracking Award of the inaugural Franco-Nevada Diversity Scholarship Continued high rankings by ESG ratings agencies Objective exceeded Maintain margins through containing costs Competitive margins relative to peers Maintain a sustainable dividend Strong treasury management Margins (2) of 84% Improvement in G&A per GEO – Objective Performance Measure No. 4 Achieved lower margins than peers on a number of operations metrics Dividend increased for 14 th consecutive year Increased share ownership by the executive team Objective exceeded Comprehensive risk management through robust asset management and risk control Effective asset management to identify emerging risks Favourable resolution of several outstanding issues Enhanced Energy audit process resulting in more comprehensive performance tracking and additional recoveries Successful work from home arrangements and staged, flexible and safe return to the office arrangements implemented Objective exceeded