TRACK RECORD 19 1 Revenue 3 GEOs Adjusted EBITDA (000’s) (US$ Millions) (US$ Millions) 800 1,400 1,200 700 1,200 1,000 600 1,000 500 800 800 400 600 300 600 400 400 200 100 200 200 - - - '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 3 2 G&A Adjusted Net Income per Share Market Capitalization (% of Capitalization) (US$ per Share) (US$ Billions) 1.0% 4.00 30 3.50 25 0.8% 3.00 0.6% 2.50 20 2.00 15 0.4% 1.50 10 0.2% 1.00 0.50 5 0.0% - - '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 1. Starting in Q4 2021, revenue from Franco-Nevada’s Energy assets are included in the calculation of GEOs. GEOs for comparative periods have been recalculated to conform with the current presentation. For further details, please refer to the appendix at the end of this presentation on GEOs and Non-GAAP Measures 2. Market Capitalization as of December 31 of each year 3. Please refer to the appendix at the end of this presentation on GEOs and Non-GAAP Measures