2022 ASSET HANDBOOK 18 FNV TSX NYSE “NSR” Net Smelter Return Ro yalty “GORR” Gr oss Overriding Royalty “GR” Gr oss Royalty “ORR” Overriding Ro yalty “FH” Fr eehold or Lessor Royalty “NPI” Net Pr ofits Interest “NRI” Net Ro yalty Interest “WI” W orking Interest “P” “Pr oducing” assets are those that have generated revenue from steady-state operations for Franco-Nevada or are expected to in the next year. “A” “ Advanced” assets are interests on projects which are not yet producing, but where in management’s view, the technical feasibility and commercial viability of extracting a mineral resource are demonstrable. “E” “Explor ation” assets represent interests on projects where technical feasibility and commercial viability of extracting a mineral resource are not demonstrable. Management uses the following criteria in its assessment of technical feasibility and commercial viability: (i) Geology: ther e is a known mineral deposit which contains mineral reserves or resources; or the project is adjacent to a mineral deposit that is already being mined or developed and there is sufficient geologic certainty of converting the deposit into mineral reserves or resources. (ii) Accessibility and authorization: ther e are no significant unresolved issues impacting the accessibility and authorization to develop or mine the mineral deposit, and social, environmental and governmental permits and approvals to develop or mine the mineral deposit appear obtainable. Re venue ($ millions) Asset Oper ator Inter est and % (Gold unless otherwise noted) 2021 2020 2019 Notes Precious Metals SOUTH AMERICA Candelaria Lundin Mining Str eam 68% Gold & Silver $ 116.5 $ 106.8 $ 103.1 6, P Antapaccay Glencore Str eam (indexed) Gold & Silver 111.6 118.5 100.4 6, P Antamina Teck Resources Str eam 22.5% Silver 94.1 57.0 44.9 6, P Condestable Southern Peaks Mining Str eam Gold & Silver, Fixed through 2025 then % (7 ) 22.5 – – 6, P Other (19 assets) 6.2 4.9 5.9 Px1, Ax7, Ex11 CENTRAL AMERICA & MEXICO Cobre Panama First Quantum Str eam (indexed) Gold & Silver 235.0 135.4 64.7 6, P Guadalupe-Palmarejo Coeur Mining Str eam 50% 83.4 79.0 49.7 1, 3, 6, P Other (1 asset) – 0.5 0.5 Ex1 UNITED STATES Stillwater Sibanye-Stillwater NSR 5% PGM 57.8 50.9 39.8 1, P Goldstrike Nevada Gold Mines NSR 2-4%, NPI 2.4-6% 25.3 20.7 21.2 1, 2, P Gold Quarry Nevada Gold Mines NSR 7.29% 7.5 10.7 15.6 1, 3, P Marigold SSR Mining NSR 1.75-5%, GR 0.5-4% 8.5 7.1 8.7 1, 2, 3, 4, P Bald Mountain Kinross Gold NSR/GR 0.875-5% 11.2 11.2 8.9 1, 2, 3, 4, P Other (37 assets) 12.5 12.2 7.6 Px5, Ax6, Ex26 CANADA Detour Lake Agnico Eagle Mines NSR 2% 25.3 20.4 16.8 P Sudbury KGHM International Str eam 50% PGM & Gold 17.4 40.1 41.2 1, 6, Px2 Hemlo Barrick Gold NSR 3%, NPI 50% 27.6 69.9 18.2 1, 5, P Brucejack Newcrest Mining NSR 1.2% 7.0 7.2 5.6 1, P Kirkland Lake Agnico Eagle Mines NSR 1.5-5.5%, NPI 20% 5.8 5.4 5.2 2, 3, P Other (72 assets) 10.3 12.3 8.3 Px5, Ax13, Ex54 REST OF WORLD MWS Harmony Gold Mining Str eam 25% 41.3 41.8 37.1 6, P Sabodala Endeavour Mining Str eam 6%, Fixed to 105,750 oz (8) 16.7 21.6 29.5 3, 6, P Tasiast Kinross Gold NSR 2% 6.7 14.3 10.9 P Subika (Ahafo) Newmont NSR 2% 11.6 10.4 17.4 1, P Karma Néré Mining Str eam 4.875% 9.9 28.9 20.2 6, P Duketon Regis Resources NSR 2% 11.1 9.6 7.7 1, P Other (69 assets) 12.9 14.0 15.5 Px11, Ax9, Ex49 Revenue - Precious Metals $ 995.7 $ 910.8 $ 704.6 OVERVIEW ASSET PORTFOLIO Precious Metals Our Business