16 ROYALTY OPTIONALITY IPO $1.2B paid for portfolio Reserves increase at no cost 2007 2022 2008 - 2022 - 20 40 60 80 100 120 Proven & Probable Mineral Reserves (Moz) >45 Moz gold produced Gold Reserves2 at time of IPO Gold Reserves2 of same assets as reported Dec. 2022 >$2.1B3 revenue to FNV from portfolio 1. Calculation includes depletion 2. Total gold reserves associated with the top 37 assets at the time of IPO (not adjusted for FNV royalty ownership). All Mineral Reserves have been calculated in accordance with CIM or acceptable foreign codes for the purposes of NI 43-101, including Regulation S-K 1300, SEC Industry Guide 7, JORC, or SAMREC guidelines 3. Revenue from original FNV portfolio includes gold, platinum and palladium revenue as at December 31, 2022 >3x increase1