Message from our CEO HEALTH AND SAFETY 9 Report Highlights Top Mining Producers: Health and safety risks are inherent in many While we seek to review and track safety 1 About Franco-Nevada TRIFR, LTIFR and Fatalities (all operations) businesses and especially so with mining data for the particular assets where we have Total recordable injury Lost time injury operations. Mine sites can expose employees deployed capital, this data is not always publicly frequency rate (TRIFR) frequency rate (LTIFR) Fatalities (#) and contractors to potentially lethal risks that, available. We have highlighted the TRIFR, LTIFR Responsible 2020 2021 2022 2020 2021 2022 2020 2021 2022 in addition to causing bodily harm, can also and number of fatalities for our Top Mining Capital Allocation impact the success and viability of a project. Producers in the adjacent table. This information 0.32 0.33 0.24 0.06 0.07 0.06 0 1 0 is disclosed by operators on a consolidated Due Diligence Process Franco-Nevada is particularly attentive to basis for all of their operations and the safety Ongoing Asset Management the health and safety track records of the figures provided do not solely relate to the 0.55 0.54 0.68 0.26 0.39 0.40 1 0 2 operators and operations in which we look projects in which Franco-Nevada has royalty Key ESG Factors to deploy capital (for further information, or stream interests. Health and Safety 0.54 0.48 0.44 0.19 0.16 0.17 8 4 4 please see the section entitled Due Diligence Carbon Footprint Process). When making acquisitions and The adjacent figures have been benchmarked 2 thereafter, we track the following widely- against GlobalData six-year (2015-2020) mining Water Management and Risk 0.73 0.64 0.53 0.29 0.27 0.22 0.4 1.2 0 adopted safety metrics: industry averages from a group of 54 major Tailings Management global mining companies. For the sake of 0.40 0.28 0.22 0.14 0.08 0.05 4 2 5 • Total recordable injury frequency rate simplicity, we have indicated where such Biodiversity (“TRIFR”) refers to the frequency of statistics are average, better than average, Supply Chain recordable work-related injuries for every or below average. 0.74 0.67 0.43 0.25 0.17 0.17 0 0 0 200,000 hours worked. TRIFR is calculated Community by the number of lost time, restricted work We acknowledge that these metrics have Contributions NR NR NR 1.27 1.24 1.13 6 11 13 and medical treatment cases x 200,000 certain limitations and can vary depending then divided by the total hours worked. on the operational jurisdiction, mining method, Good Governance and 3 workforce capability, and the standards and 1.34 1.42 1.01 1.11 1.20 0.88 9 21 5 • Lost time injury frequency rate (“LTIFR”) methodologies employed by operators for Shareholder Alignment is a limited subset of TRIFR and refers to determining and recording lost time, restricted 4 the frequency of lost time cases for every work, etc. Notwithstanding any limitations, they 1.02 0.78 0.97 0.68 0.42 0.43 0 1 1 Diversity, Inclusion 200,000 hours worked. LTIFR is calculated remain valuable in providing a snapshot of the and Well-Being 5 by the number of lost time cases x 200,000 safety profiles of our Top Mining Producers, 0.35 0.34 0.34 0.06 0.09 0.10 1 1 1 then divided by the total hours worked. benchmarked against industry averages. Climate Action • Number of fatalities refers to the total 6 Better than average Average Below average number of fatalities. Transparency and Legend (10% of industry average) Guiding Principles 1 Figures are based on operators’ public disclosure and are consolidated at the group level (all operations); TRIFR and LTIFR are per 200,000 hours worked and have been adjusted where certain operators have disclosed on a one million hour basis; figures include both employees and contractors; unless noted, fatalities do not relate to projects in which Franco-Nevada has a royalty or stream interest; “NR” means not recorded by the operator. About this ESG Report 2 Safety stats are based on Teck’s percentage of ownership, including where it has less than a 50% interest (e.g. 22.5% of Antamina). In 2021, there was one fatality at Antamina in Peru, where we have a stream interest. 3 In 2021, there were two fatalities at Sibanye-Stillwater’s Stillwater mine in Montana, where we have a royalty interest. Appendices 4 Beginning in 2021, such figures are consolidated with Kirkland Lake Gold (previous owner of Detour Gold in which we have royalty interests). LTIFR was calculated using public data, including total number of hours worked at all operations and number of lost time injury incidents. In 2022, there was one fatality at the Taylor mine on Ontario, where we have a royalty interest. 5 In 2022, there was one fatality at Kinross’ Tasiast mine in Mauritania, where we have a royalty interest. 6 Source: GlobalData six-year (2015-2020) industry averages for 54 global miners: TRIFR average: 0.79 per 200,000 hours; LTIFR average: 0.44 per 200,000 hours; Number of fatalities average: 4.95.