4 Appendices Transparency & Guiding Principles Climate Action Diversity, Inclusion & Well-Being Good Governance & Shareholder Alignment Community Contributions Responsible Capital Allocation About Franco-Nevada We are the leading gold-focused royalty and stream company with the largest and most diversified portfolio of royalties and streams by commodity, geography, operator, revenue type and stage of project. We do not operate mines, develop projects or conduct exploration. Franco-Nevada has a free cash flow generating business with limited future capital commitments and management is focused on managing and growing its portfolio of royalties and streams. Our shares are listed on the Toronto and New York stock exchanges under the symbol FNV. An investment in our shares is expected to provide investors with yield and exposure to commodity price and exploration optionality while limiting exposure to cost inflation and other operating risks. Our tag-line is “Franco-Nevada is the gold investment that works” and we are committed to ensuring it does work, for our shareholders, our operating partners and our communities: • We believe that combining lower-risk gold investments with a strong balance sheet, progressively growing dividends and exposure to exploration optionality is the right mix to appeal to investors seeking to hedge market instability. Since our initial public offering over 15 years ago, we have increased our dividend annually and our share price has outperformed the gold price and all relevant gold equity benchmarks. • We build long-term alignment with our operating partners. This alignment and the natural flexibility of our royalties and streams is an effective source of capital for the cyclical resource sector. • We work to be a positive force in all our communities, promoting responsible mining, providing a safe and diverse workplace and contributing to build community support for the operations in which we invest. Our revenue is generated from various forms of agreements, ranging from net smelter return royalties, streams, net profits interests, net royalty interests, working interests and other types of arrangements. We recognize the cyclical nature of the industry and have a long-term investment outlook. We maintain a strong balance sheet to minimize financial risk and so that we can make investments during commodity cycle downturns. The focus of our business is to create exposure to gold and precious metal resource optionality. This principally involves investments in gold mines and providing funding to copper and other base metal mines to obtain exposure to by-product gold, silver and platinum group metals production. We also invest in other metals to expose our shareholders to additional resource optionality. Franco-Nevada Corporation Board of Directors at the Cobre Panama mine, Panama (2022) Franco-Nevada global workforce, Canada (2022) “Our tag-line is “Franco-Nevada is the gold investment that works” and we are committed to ensuring it does work, for our shareholders, our operating partners and our communities...”
ESG Report 2023 Page 5 Page 7