FRANCO-NEVADA CORPORATION 31 THE GOLD INVESTMENT THAT WORKS OVERVIEW PRECIOUS METALS DIVERSIFIED ASSETS RESERVES AND RESOURCES ADDITIONAL INFORMATION Royalty Ounces ROYALTY OUNCES BY MINERAL RESOURCE, LOCATION AND TYPE ROYALTY OUNCE GROWTH Royalty ounces represent cost-free ounces to Franco-Nevada. The following chart shows the Royalty Ounce growth over the last 11 years. ‘13 ‘12 ‘14 ‘15 ‘18 ‘16 ‘17 ‘19 ‘20 Royalty Ounces (000s) P&P Royalty Ounces ‘11 Exclusive M&I Royalty Ounces 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 ‘21 Ro yalty Ounces by Mineral Resource Category M&I Ro yalty Ounces 1 by Location M&I Ro yalty Ounces 1 by Type South America 32% Central America & Mexico 30% United States 18% Canada 14% Rest of W orld 6% P&P 50% M&I 27% Inferr ed 23% NSR 41% Str eam 48% NPI 3% 1 M&I Ro yalty Ounces include P &P Ro yalty Ounces Other 8% Type Res ource Ca teg or y Location