19 TRACK RECORD GEOs 1 (000s) Revenue (US$ Millions) G&A (% of Capitalization) Adjusted EBITDA 3 (US$ Millions) Adjusted Net Income per Share 3 (US$ per Share) 1. Starting in Q4 2021, revenue from Franco - Nevadas Energy assets are included in the calculation of GEOs. GEOs for comparative pe riods 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 - 100 200 300 400 500 600 700 800 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 - 200 400 600 800 1,000 1,200 1,400 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 - 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 - 200 400 600 800 1,000 1,200 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 Market Capitalization 2 (US$ Billions) - 5 10 15 20 25 30 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22

Corporate Presentation | Franco-Nevada - Page 19 Corporate Presentation | Franco-Nevada Page 18 Page 20