FRANCO-NEVADA CORPORATION 25 THE GOLD INVESTMENT THAT WORKS 1-Year 2-Year 5-Year Since FNV Total Return Total Return Total Return Inception 1 Franco-Nevada - (US$) 2 28.4% 27.6% 20.7% 19.3% NASDAQ 8.1% 36.9% 20.4% 13.8% S&P 500 15.6% 34.5% 16.0% 10.5% Gold Bullion ETF 3 12.9% 10.5% 8.8% 6.0% Barclays US Aggregate Bond 4 (4.2% ) (1.8% ) 2.1% 3.4% GDX (index of mostly gold miners) 20.1% 30.5% 11.9% (0.0% ) Note: Total return assumes reinvestment of dividends over designated period Source: TD Securities; Bloomberg 1 Compounded annual total returns from December 20, 2007 to March 31, 2022 2 Since FNV inception returns in US$ are calculated assuming an initial cost of US$15.21 (based on an IPO price of C$15.20 and CAD/USD of 1.0009 on December 20, 2007). All other index returns are in US$ 3 SPDR Gold Trust 4 Bloomberg Barclays US Aggregate Bond Index OVERVIEW CAGR Since FNV Inception 1,2,3 PRECIOUS METALS DIVERSIFIED ASSETS RESERVES AND RESOURCES ADDITIONAL INFORMATION TRACK RECORD Track Record Since its IPO in 2007, Franco-Nevada has out performed all the relevant benchmarks. “ ” Based on TD Securities Up to March 31, 2021 20% 24% 12% 16% 4% 8% NASDAQ S&P 500 Gold Bullion ETF Barclays US Aggregate Bond GDX (index of mostly gold miners) –4% 0% 1 FNV Inception - December 20, 2007 2 Compounded annual total returns to March 31, 2022 3 Source: TD Securities; Bloomberg Franco-Nevada (FNV) - US$ basis