13 CORE PRECIOUS METAL STREAMS OUTPERFORMING Antamina $610M investment 2022 revenue: $68M Mine life potential1: 30+ years Payback2: 73% Silver production has exceeded expectations3 Cobre Panama $1.36B investment 2022 revenue: $223M Mine life potential1: 35+ years Payback2: 39% Expanding to 100 Mtpa in 20234 Antapaccay $500M investment 2022 revenue: $95M Mine life potential1: 30+ years Payback2: 113% Coroccohuayco deposit to extend mine life Candelaria $655M investment 2022 revenue: $126M Mine life potential1: 25+ years Payback2: 93% UG exploration success has extended mine life5 1. Mine life potential includes Franco-Nevada assessment of resource conversion potential. Also assumes current or operator-forecasted production rates. Antamina potential assumes additional tailings capacity is permitted. Antapaccay potential assumes open pit only scenario for Coroccohuayco project developed with a later start date 2. As at December 31, 2022 3. Based on FNV sales from inception of stream through Q4 2022 vs. acquisition guidance 1. Design throughput was originally 58 Mtpa. First Quantum Minerals Ltd. and the Government of Panama agreed to a draft concession contract in March which is subject to a public consultation process and certain additional Panamanian approvals. During the month, concentrate loading and processing operations resumed to normal levels with all three trains operating 2. Mine life was 14 years in Technical Report dated July 28, 2014