FRANCO-NEVADA CORPORATION 15 THE GOLD INVESTMENT THAT WORKS OVERVIEW PRECIOUS METALS DIVERSIFIED ASSETS RESERVES AND RESOURCES ADDITIONAL INFORMATION DIVERSIFIED PORTFOLIO WITH LOW RISK Our Business LONG-LIFE ASSETS The Company is distinguished from many gold operating companies by its long reserve and resource life. This is principally due to its precious metal by-product streams on large copper assets and its long-life iron ore royalty holdings. Please refer to page 140 for further information. Franco-Nevada has the largest and most diversified portfolio of cash flow producing assets. The portfolio is diversified by asset, operator, geography and commodity. 77% from Precious Metals 91% from Americas One Asset > 10% Operator Diversification Commodity South America 32% Reve nue Bre akdown YE 2021 Rest of World 9% Canada & U.S. 35% Central America & Mexico 24% Gold 58% Diversified 23% Silver 13% PGM 6% Cobre Panama 18% Antapaccay 9% Candelaria 9% Assets Antamina 7% Guadalupe 6% Vale 5% Other 46% Geography Operator First Quantum 18% Glencore 9% Barrick 5% Lundin 9% Teck 7% Coeur 6% Vale 5% Other 41% 2021 Revenue 25 30 15 20 5 10 M&I (inclusive) Royalty Ounce Mine Life (Years) 0 2020 35 28 Years 32 Years 2021 M&I (inclusive) Royalty Ounce Mine Life (Years) 2021 Revenue