2022 ASSET HANDBOOK 124 FNV TSX NYSE Energy–Canada/U.S. Franco-Nevada has other interests in Western Canada which generate revenue primarily through lessor royalties and GORRs. Aside from the major producing assets of Weyburn and Orion, Franco-Nevada has 44 Other Producing Assets that generate revenue. These interests cover more than 2,250 km 2 . In Saskatchewan and Manitoba, the assets are focused primarily in high quality oil plays and are operated by companies such as Crescent Point Energy, Saturn Oil & Gas Inc., Vermilion Energy Inc. and Tundra Oil & Gas Partnership. The most significant producing assets are comprised of the Midale Unit and the Tidewater royalties. Franco- Nevada holds a 1.14% gross override royalty interest and a 1.59% working interest in the Midale Unit in Southeast Saskatchewan where Cardinal Energy produces approximately 4,000 Boe/d through CO 2 Enhanced Oil Recovery (“EOR”) techniques. The Tidewater royalties in Saskatchewan generate oil production from the Shaunavon and other formations and are managed by various operators. In Alberta and BC, the interests generate revenue primarily from natural gas production from shallow gas formations such as Milk River and Medicine Hat. In northern Alberta, the interests provide exposure to deeper conventional gas targets including the Shunda, Grosmont and Elkton formations. Franco-Nevada’s most significant assets in the region are the Edson property operated by Canadian Natural Resources Ltd. (“CNRL”) and the Medicine Hat Consolidated Unit No.1, operated by Canlin Resources Partnership. Franco-Nevada has an approximate 15% overriding royalty in the Edson property where CNRL extracts gas and natural gas liquids by exploiting resources in the Cardium Formation. The Medicine Hat Unit has been producing gas since 1963 and is located approximately 257 km southeast of Calgary. Other production comes from unitized and non-unitized wells, including gross overriding royalty positions in ten different Units across Alberta. Other operators on the interests include, CNRL and Imperial Oil. In 2020, Franco-Nevada acquired a royalty on the Neal Hot Springs geothermal operation in Oregon as part of a broader portfolio transaction. The plant produces approximately 22 MW of geothermal energy and is operated by Ormat Technologies, Inc. Primarily quality oil plays in Saskatchewan and Manitoba Exposure to shallow gas and deeper conventional gas in Alberta and BC Interest in the Neal Hot Springs geothermal operation DIVERSIFIED ASSETS N Kilometres 0 80 BRITISH COLUMBIA MONTANA IDAHO WASHINGTON Montney Deep Basin Edson Cardium Duvernay Alberta Bakken Lloydminster Heavy Oil Shallow Gas CBM (HSCN) Redwater Viking CALGARY Peace River Oil Sands Athabasca Oil Sands Cold Lake Oil Sands Alberta/ British Columbia Oil & Gas Interests ALBERTA EDMONTON SASKATCHEWAN Company Core Land Company Non Core Land Major City MANITOBA SASKATCHEWAN NORTH DAKOTA MONTANA Sanish Oil Torquay Oil SE Saskatchewan Lower Bakken & Mississippian Oil Williston Basin Bakken Dodsland Viking Shallow Gas Spearfish Oil REGINA Lloydminster Heavy Oil Shaunavon Oil N Kilometres 0 80 Saskatchewan/Manitoba Oil & Gas Interests Weyburn/ Midale ALBERTA Company Core Land Company Non Core Land Major City Other Producing Energy Assets BC / AB / SK / MB, Canada and Oregon, U.S. Operator: Various Royalty : ORR/FH: 0.5-20% Energy 2021 2020 2019 Revenue to Franco-Nevada ($ million) 1 $ 8.9 $ 5.1 $ 7.7 Production (Mboe) 2 257 319 323 Commodity Split (%) 3 Oil 67% 70% 79% Gas 20% 16% 10% NGL 13% 14% 11% 1 Revenue refers only to payments made to Franco-Nevada; includes revenue received from lease and bonus payments 2 Net to the Oil & Gas Interests and does not include production from Neal Hot Springs 3 Percentage based on production revenue from each commodity