ROYALTY OPTIONALITY 16 2007 2008 - 2022 2022 120 100 >45 Moz o)z gold el 3 produced ba (M 80 >$2.1B bro es revenue to FNV P& serv from portfolio >3x en l Re 60 vro era 1 P Min Gold increase 40 Reserves2 of same assets Gold as reported 20 Reserves2 Dec. 2022 at time of IPO - IPO Reserves $1.2B paid for increase at portfolio no cost 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