Core Viewpoint - Franco-Nevada Corporation has published its 2025 Asset Handbook and Sustainability Report, showcasing its diverse portfolio and commitment to sustainability [1][2]. Asset Handbook - The 2025 Asset Handbook provides a comprehensive overview of the company's material assets, including performance metrics and future outlook [2]. - Franco-Nevada is recognized as a leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets [2][6]. - The company has achieved a compounded annual growth rate of 16% in total shareholder returns since its IPO in 2007 [3]. - The portfolio includes 119 cash-flow producing assets that generated approximately $1.0 billion in Adjusted EBITDA in 2024 [3]. Sustainability Report - The 2025 Sustainability Report highlights the company's accomplishments in 2024 and its commitments to ESG leadership [2]. - Responsible capital allocation includes monitoring health and safety, carbon footprint, water management, and biodiversity [2]. - Community contributions have increased year-over-year, supporting mining industry organizations and diversity initiatives [2]. - The company has welcomed a new diverse director to its Board, emphasizing good governance and shareholder alignment [2]. Financial Performance - Since 2008, Franco-Nevada has seen growth in annual GEOs of 2.8 times and revenue growth of 7.4 times [3]. - The portfolio is well-diversified by asset, operator, geography, and commodity, with no single asset expected to contribute more than 15% of revenue in 2025 [3]. - The mining assets have a long mine life of 38 years for M&I Resource Royalty Ounce [3]. - The company has no debt and $1.7 billion in available capital, with a strong pipeline of precious metal opportunities [3]. Recognition and Awards - Franco-Nevada was named one of Corporate Knights' Best 50 Corporate Citizens in Canada in 2024 and ranked third among mining companies in The Globe and Mail's 2024 Board Games [4]. - The company has a high level of Board and management share ownership, totaling over C$200 million [4]. Climate Action and Transparency - The company has begun measuring its corporate emissions against its reduction targets adopted in 2024 [6]. - Franco-Nevada aligns its ESG reporting with leading standards and has received recognition from rating agencies, including an "AA" rating by MSCI [8].

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify effective metrics for momentum, addressing the challenges in defining momentum [2] Group 2: Franco-Nevada (FNV) Performance - Franco-Nevada currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - FNV shares have increased by 2.91% over the past week, outperforming the Zacks Mining - Gold industry, which rose by 2.54% [6] - Over the last quarter, FNV shares have risen by 25.1%, and over the past year, they have gained 38.36%, while the S&P 500 has seen declines of -9.16% and gains of 10.9%, respectively [7] Group 3: Trading Volume and Earnings Outlook - FNV's average 20-day trading volume is 1,257,406 shares, which serves as a bullish indicator when combined with rising stock prices [8] - In the past two months, 6 earnings estimates for FNV have been revised upwards, increasing the consensus estimate from $4.02 to $4.04 [10] - For the next fiscal year, 3 estimates have moved up while 1 has been revised down, indicating a positive trend in earnings outlook [10] Group 4: Conclusion - Considering the positive momentum indicators and earnings revisions, FNV is positioned as a strong buy candidate for investors seeking short-term gains [12]

Group 1 - The document provides a link for participants to join a conference call without operator assistance [1]

It has been about a month since the last earnings report for Franco-Nevada (FNV) . Shares have lost about 1.9% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Franco-Nevada due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It t ...

Corporate Summary - Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the most diversified portfolio of cash-flow producing assets [3] - The company's business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation [3] - Franco-Nevada is debt-free and utilizes its free cash flow to expand its portfolio and pay dividends [3] - The company trades under the symbol FNV on both the Toronto and New York stock exchanges [3] Financial Filings - Franco-Nevada announced the filing of its Annual Information Form, Consolidated Annual Financial Statements, and Management's Discussion and Analysis for the year ended December 31, 2024 [1] - The company has also filed its Form 40-F for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission [1] - Copies of these documents can be obtained via www.sedarplus.com or www.sec.gov [1]

Core Viewpoint - Franco-Nevada Corporation (FNV) achieved a new 52-week high of $148.02 following year-over-year growth in both revenue and earnings in its fourth-quarter 2024 results, although it closed lower at $143.61 [1] Financial Performance - FNV reported adjusted earnings of 95 cents per share for the third quarter of 2024, surpassing the Zacks Consensus Estimate of 89 cents, reflecting a 6% year-over-year increase [1] - The company generated revenues of $321 million in the reported quarter, marking a 6% year-over-year increase, driven by record gold prices and strong production from Candelaria [2] - Adjusted EBITDA rose 8.6% year over year to $277 million, with an adjusted EBITDA margin of 86.4%, up from 83.9% in the prior-year quarter [3] Production and Sales - FNV sold 95,565 Gold Equivalent Ounces (GEOs) from Precious Metal assets in the reported quarter, a decrease of 20.1% from the prior-year quarter [3] - For 2024, FNV reported total GEOs of 463,334 and expects GEOs between 465,000 and 525,000 in 2025, indicating a 7% increase at the midpoint from 2024 [6] Cash Position and Guidance - At the end of 2024, FNV had $1.45 billion in cash, an increase from $1.42 billion at the end of 2023, with an operating cash flow of $829.5 million, down from $991 million in 2023 [4] - The company is debt-free and plans to use its free cash flow for portfolio expansion and dividend payouts, with available capital of $2.4 billion [4] - FNV's 2024 adjusted earnings per share were $3.21, down from $3.56 in the prior year, but beat the Zacks Consensus Estimate of $3.09 [5] - Revenues for 2024 decreased by 9% year over year to $1.11 billion, aligning with the Zacks Consensus Estimate [5] - FNV anticipates 2025 revenues to be 25% higher than the 2024 actual [6] Stock Performance - FNV's shares have increased by 27.7% over the past year, compared to the industry's growth of 38.8% [7]

Financial Data and Key Metrics Changes - The company reported a strong fourth quarter with total GEO sales of 463,334, near the top end of the revised guidance range of 445,000 to 465,000 GEOs for 2024 [19][20] - Total revenue for Q4 2024 was $321 million, a 5.8% increase from $303.3 million in Q4 2023 [24] - Adjusted EBITDA for Q4 2024 was $277.4 million, up 9% from $254.6 million in Q4 2023 [24][28] - Adjusted net income for Q4 2024 was $183.3 million, or $0.95 per share, representing a 6% increase year-over-year [28] Business Line Data and Key Metrics Changes - Precious metal GEOs sold in Q4 2024 were 95,565, a 5% increase compared to the prior year when excluding Cobre Panama [22] - The diversified assets contributed just over 108,000 GEOs sold for the year, with revenue from these assets in line with expectations [21] - Candelaria delivered 26,891 GEOs for Q4 2024, almost 70% higher than the prior year and twice as many as Q3 2024 [23] Market Data and Key Metrics Changes - Gold prices increased by 34.7% in Q4 2024 and 22.9% for the full year [18] - The average cash cost per GEO for the full year 2024 was $278, down from $286 in 2023 [30] - The company expects a 25% increase in 2025 revenue over 2024, based on budgeted gold prices [35] Company Strategy and Development Direction - The company aims to continue its business development activities, having completed over $1.3 billion in acquisitions and commitments during 2024 [9] - New contributions from recent acquisitions and organic growth are expected to drive growth in the medium-term production profile [12] - The company is optimistic about developments in Panama, with indications of a willingness to discuss corporate matters [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong performance of the gold mining industry despite market volatility [95] - The company anticipates a stronger second half of 2025, with better performance expected as the year progresses [36] - Management highlighted the importance of maintaining a strong balance sheet to support future acquisitions [41] Other Important Information - The company has a substantial cash balance and no debt, allowing for continued dividend increases [14] - Legal proceedings related to Cobre Panama are expected to incur annual costs of approximately $10 million [40] Q&A Session Summary Question: Comments on Cobre Panama and arbitration - Management confirmed that separate arbitration processes exist and can be put on hold for a fixed timeframe if needed [45] - The company believes the previous deal was favorable for Panama, and any changes in ownership would not affect the stream calculation [50] Question: Delivery timing for Sibanye-Stillwater South African PGM Stream - The first delivery related to 2024 production will occur in Q1, while the delivery for 2025 production will be in Q2 due to a 45-day delay [54] Question: Guidance for 2028 and 2029 - The drop in GEOs for 2029 is primarily due to the mine plan for Guadalupe and Palmarejo, with expectations of a 50% drop in production [105] Question: Energy division contribution to guidance - The energy division is expected to contribute around 16% to 17% of GEOs by 2029 [131] Question: Potential M&A opportunities - The company remains focused on precious metals for M&A opportunities, with a mix of potential deals in the $300 million to $500 million range [148]

2024 R E S U L T S P R E S E N T A T I O N 2 F O R W A R D - L O O K I N G S T A T E M E N T S This presentation contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, respectively, which may include, but are not limited to, statements with respect to future events or future performance, management's expectations regarding Franco-Nevada's growth, results of opera ...

Core Viewpoint - Franco-Nevada Corporation has announced a quarterly dividend increase to US$0.38 per share, marking an 18th consecutive annual increase and a 5.56% rise from the previous dividend of US$0.36 per share [1] Dividend Declaration - The new dividend will be payable on March 27, 2025, to shareholders of record on March 13, 2025 [1] - The dividend is declared in U.S. dollars, with the Canadian dollar equivalent determined by the daily average rate posted by the Bank of Canada on the Record Date [3] Dividend Reinvestment Plan (DRIP) - The Company offers a Dividend Reinvestment Plan allowing shareholders to reinvest dividends to purchase additional common shares at the Average Market Price, with a potential 1% discount for treasury acquisitions [4] - Participation in the DRIP is optional, and enrollment forms are available on the Company's website [4] Corporate Summary - Franco-Nevada Corporation is a leading gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets [6] - The Company is debt-free and utilizes its free cash flow for portfolio expansion and dividend payments [6] - Franco-Nevada trades under the symbol FNV on both the Toronto and New York stock exchanges [6]

Transaction Overview - Franco-Nevada Corporation has entered into a comprehensive financing transaction with Discovery Silver Corporation to support the acquisition of the Porcupine Complex from Newmont Corporation [1] - The transaction includes a $300M net smelter return royalty, a $100M senior secured term loan, and approximately $49M of equity participation in a concurrent C$225M Discovery equity raise [1] - The financing package will enable Discovery to acquire the Porcupine Complex and fund its capital program to achieve full potential [1] Strategic Importance - The Porcupine Complex is a well-established gold-producing asset in Ontario with over 100 years of production history and extensive infrastructure [3] - The complex includes the Hoyle Pond and Borden underground mines, the new Pamour open pit mine expected to commence production in 2025, and the Dome open pit project [3] - The Royalty expands Franco-Nevada's coverage of Ontario's significant gold mines and deposits, adding immediate gold revenues [3] Production and Resource Potential - The Porcupine Complex is expected to produce approximately 285 koz Au annually over the next 10 years and a total of 4.9 Moz Au over a 22-year mine life [3] - The complex hosts extensive mineral resources of 3.9 Moz Au M&I (69.7 Mt at 1.76 g/t Au) and 12.5 Moz Au inferred (254.5 Mt at 1.53 g/t Au) [8] - Discovery has identified opportunities to increase production, including expanding the Pamour open pit, increasing underground throughput, and developing the Dome open pit project [3] Management and Exploration - Discovery is led by Tony Makuch, who has extensive experience in the Timmins camp and a proven track record of optimizing operations [3] - Discovery plans an extensive exploration program across the 140k hectare property, targeting high-grade mineralization and new resource discoveries [8] Financing Details - The $300M Royalty consists of two tranches: 2.25% of net smelter returns in perpetuity and 2.00% until certain conditions are met [8] - The $100M Senior Secured Loan has a 7-year maturity with amortization starting after year 5 and includes an upfront fee and standby fee [8] - Franco-Nevada will purchase approximately 9.9% of Discovery's common shares through a C$225M equity raise, with a two-year lock-up period [8] Corporate Positioning - Franco-Nevada remains debt-free and will finance the transactions from cash on hand, maintaining its ability to expand its portfolio [9] - The company is a leading gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets [10] Environmental and Social Initiatives - Franco-Nevada will partner with Discovery on environmental and social initiatives in the project area [16] - The transaction is expected to close in H1 2025, subject to customary conditions and regulatory approvals [16]