Message FNV: TSX | NYSE from our CEO Franco-Nevada ESG Ratings We are the leading gold-focused royalty and stream company with the largest Our revenue is generated from various forms of agreements, ranging from net Franco-Nevada and most diversified portfolio of royalties and streams by commodity, geography, smelter return royalties, streams, net profits interests, net royalty interests, working operator, revenue type and stage of project. interests and other types of arrangements. Our shares are listed on the Toronto and New York stock exchanges under the We do not operate mines, develop projects or conduct exploration. Franco-Nevada Making Responsible symbol FNV. An investment in our shares is expected to provide investors with has a free cash flow generating business with limited future capital commitments Investments yield and exposure to commodity price and exploration optionality while limiting and management is focused on managing and growing its portfolio of royalties exposure to cost inflation and other operating risks. and streams. Guiding Principles Our tag-line is “Franco-Nevada is the gold investment that works” and we are We recognize the cyclical nature of the industry and have a long-term investment committed to ensuring it does work, for our shareholders, our operating partners outlook. We maintain a strong balance sheet to minimize financial risk and so that and our communities: we can make investments during commodity cycle downturns. Operators • We believe that combining lower-risk gold investments with a strong balance The focus of our business is to create exposure to gold and precious metal sheet, progressively growing dividends and exposure to exploration optionality resource optionality. This principally involves investments in gold mines and is the right mix to appeal to investors seeking to hedge market instability. Since providing financing to copper and other base metal mines to obtain exposure Approach to our Initial Public Offering over 14 years ago, we have increased our dividend to by-product gold, silver and platinum group metals production. We also invest Climate Change annually and our share price has outperformed the gold price and all relevant in other metals to expose our shareholders to additional resource optionality. We gold equity benchmarks. believe that our precious metals, copper and nickel assets will play an important • We build long-term alignment with our operating partners. This alignment and role in a lower carbon economy. the natural flexibility of our royalties and streams is an effective financing tool Contributions for the cyclical resource sector. • We work to be a positive force in all our communities, promoting responsible “We work to be a positive force in all our mining, providing a safe and diverse workplace and contributing to build communities, promoting responsible mining, community support for the operations in which we invest. Employees providing a safe and diverse workplace and contributing to Governance build community support for the operations in which we invest.” About this ESG Report Paul Brink Sandip Rana Lloyd Hong Eaun Gray Jason O'Connell President & CEO Chief Financial Officer Chief Legal Officer Senior Vice President, Senior Vice President, Appendices Business Development Diversified 7