ABOUT FRANCO-NEVADA 4 Message from our CEO Report Highlights About Franco-Nevada Responsible Capital Allocation Community Contributions Good Governance and Shareholder Alignment Diversity, Inclusion Franco-Nevada global workforce (2023) and Well-Being We are the leading gold-focused royalty and instability. Since our initial public offering Our revenue is generated from various forms metals production. We also invest in other streaming company with the largest and most over 16 years ago, we have increased our of agreements, ranging from net smelter return metals and energy to expose our shareholders Climate Action diversified portfolio of cash-flow producing dividend annually and our share price has royalties, streams, net profits interests, net to additional resource optionality. royalties and streams by commodity, geography, outperformed the gold price and all relevant royalty interests, working interests and other Transparency and operator, revenue type and stage of project. gold equity benchmarks. types of arrangements. Guiding Principles "We work to be a positive Our shares are listed on the Toronto and New Creating successful long-term partnerships We recognize the cyclical nature of the force in all our communities, York stock exchanges under the symbol FNV. with operators is a core objective. The industry and have a long-term investment About this ESG Report An investment in our shares is expected to alignment and the natural flexibility of outlook. We maintain a strong balance sheet promoting responsible mining, provide investors with yield and exposure to royalty and stream financing has made to minimize financial risk and so that we can providing a safe and diverse Appendices commodity price and exploration optionality it an attractive source of capital for the provide capital to the industry throughout workplace and contributing while limiting exposure to cost inflation and cyclical resource sector. the cycle. to build community support other operating risks. We work to be a positive force in all our The focus of our business is to create exposure for the operations in which We believe that combining lower risk gold communities, promoting responsible mining, to gold and precious metal resource optionality. we invest." investments with a strong balance sheet, providing a safe and diverse workplace and This principally involves investments in gold progressively growing dividends and exposure contributing to build community support projects and providing capital to copper and to exploration optionality is the right mix to for the operations in which we invest. other base metal projects to obtain exposure appeal to investors seeking to hedge market to by-product gold, silver and platinum group