Franco-Nevada(FNV)

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Franco-Nevada(FNV) - 2022 Q2 - Earnings Call Presentation
2022-08-11 18:20
CORPORATE PRESENTATION AUGUST 2022 Franco ✈ Nevada FNV: TSX | NYSE CAUTIONARY STATEMENT Forward Looking Statements 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 grow ...
Franco-Nevada(FNV) - 2022 Q2 - Earnings Call Transcript
2022-08-11 17:44
Financial Data and Key Metrics Changes - The company reported record financial results for Q2 2022, with revenues of $352.3 million and adjusted EBITDA of $301.2 million, both representing year-over-year increases [22][24][27] - Adjusted net income was $195.8 million, a 7% increase compared to the previous year, with adjusted net income per share at $1.2, a 6% increase [27][28] - The adjusted EBITDA margin was 85.5%, reflecting the high-margin nature of the business [22][24] Business Line Data and Key Metrics Changes - Gold and gold equivalent ounces (GEOs) sold in Q2 2022 were 191,052, slightly down from 192,379 in Q2 2021 [16][17] - Energy assets saw a doubling of GEOs year-over-year due to higher energy prices, with revenue from energy assets increasing from $47.3 million to $91.5 million [21][23] - The company maintained its guidance for total GEOs sold in 2022 at 680,000 to 740,000, with precious metal GEOs estimated at 510,000 to 550,000 [36][37] Market Data and Key Metrics Changes - Approximately 70% of Q2 2022 revenue was generated from precious metals, with 91% of revenue sourced from the Americas [29] - Cobre Panama was the largest revenue generator, contributing 18% of total revenue for the quarter [29] Company Strategy and Development Direction - The company is focused on growing its portfolio by adding more precious metal assets and is seeing a good pipeline of opportunities [14][102] - Franco-Nevada aims to maintain a high proportion of revenue from precious metals, targeting to generate less than 20% of revenue from energy assets [101][102] - The company is exploring partnerships with developers and is open to adding exposure in regions like Argentina, which has strong geological potential [71][102] Management's Comments on Operating Environment and Future Outlook - Management highlighted the low-risk nature of the business in the current inflationary environment and expressed confidence in the company's ability to generate cash flow with no debt [6][14] - The company is optimistic about the future, expecting contributions from new mines and expansions in existing operations [12][14] Other Important Information - Franco-Nevada was named one of the Best 50 Corporate Citizens in Canada by Corporate Knights in 2022 [13] - The company committed $1 million to environmental and community support programs as part of the Tocantinzinho transaction [13][41] Q&A Session Summary Question: Impact of Stillwater flood on Q3 - Management indicated that the flood at Stillwater would likely result in a reduction of approximately 2,000 GEOs if operations restart in Q3 [43] Question: Energy market outlook - Management discussed the resilience of oil prices, noting that while prices have recently pulled back, they expect continued strength in the market [46][49] Question: M&A environment and deal sizes - Management acknowledged increased competition in the industry and emphasized the importance of selecting quality assets while being flexible in financing structures [52][80] Question: Geopolitical risks in South America - Management is monitoring political changes in South America but remains committed to maintaining a diversified portfolio [62][64] Question: Future precious metal opportunities - Management noted a focus on primary precious metal opportunities, reflecting current market conditions [66] Question: Hemlo's contribution in upcoming quarters - Management forecasted Hemlo's contribution to be approximately CAD 5 million to CAD 6 million per quarter for the next two quarters [73] Question: Appetite for Argentine exposure - Management expressed openness to adding exposure in Argentina, citing the country's strong geological potential [71]
Franco-Nevada(FNV) - 2022 Q2 - Quarterly Report
2022-08-09 16:00
Exhibit 99.3 Franco-Nevada Corporation Condensed Consolidated Statements of Financial Position (unaudited, in millions of U.S. dollars) | | | At June 30, | | At December 31, | | --- | --- | --- | --- | --- | | | | 2022 | | 2021 | | ASSETS | | | | | | Cash and cash equivalents (Note 4) | $ | 910.6 | $ | 539.3 | | Receivables | | 144.3 | | 119.8 | | Loan receivable (Note 5) | | — | | 39.7 | | Prepaid expenses and other (Note 6) | | 47.9 | | 52.6 | | Current assets | $ | 1,102.8 | $ | 751.4 | | Royalty, stream ...
Franco-Nevada(FNV) - 2022 Q1 - Earnings Call Presentation
2022-05-06 20:49
Q1 2022 RESULTS PRESENTATION M A Y 5 , 2 0 2 2 Franco ✈ Nevada FNV: TSX | NYSE Q1 2022 CONFERENCE CALL AND WEBCAST Presenters Paul Brink President & CEO Sandip Rana CFO FNV: TSX | NYSE | 2 CAUTIONARY STATEMENT Forward Looking Statements 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 ...
Franco-Nevada(FNV) - 2022 Q1 - Earnings Call Transcript
2022-05-05 18:35
Franco-Nevada Corporation (NYSE:FNV) Q1 2022 Results Conference Call May 5, 2022 10:00 AM ET Company Participants Bonavie Tek - VP, Finance Paul Brink - President and CEO Sandip Rana - CFO Jason OÂ'Connell - SVP, Energy Euan Gray - SVP, Business Development Conference Call Participants Heiko Ihle - H.C. Wainwright Cosmos Chiu - CIBC Tanya Jakuskonk - Scotiabank Operator Good morning, ladies and gentlemen, and welcome to the Franco-Nevada CorporationÂ's First Quarter 2022 Results Conference Call and Webcast. ...
Franco-Nevada(FNV) - 2022 Q1 - Quarterly Report
2022-05-03 16:00
Exhibit 99.3 Franco-Nevada Corporation Condensed Consolidated Statements of Financial Position (unaudited, in millions of U.S. dollars) | | | At | | At | | --- | --- | --- | --- | --- | | | | March 31, | | December 31, | | | | 2022 | | 2021 | | ASSETS | | | | | | Cash and cash equivalents (Note 4) | $ | 722.7 | $ | 539.3 | | Receivables | | 144.5 | | 119.8 | | Loan receivable (Note 5) | | 40.4 | | 39.7 | | Prepaid expenses and other (Note 6) | | 42.0 | | 52.6 | | Current assets | $ | 949.6 | $ | 751.4 | | R ...
Franco-Nevada(FNV) - 2021 Q4 - Earnings Call Presentation
2022-03-11 21:49
2021 RESULTS PRESENTATION MARCH 10,2022 Franco용 Nevada FNV: TSX | NYSE CAUTIONARY STATEMENT Forward Looking Statements 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 ...
Franco-Nevada(FNV) - 2021 Q4 - Earnings Call Transcript
2022-03-10 19:03
Franco-Nevada Corporation (NYSE:FNV) Q4 2021 Results Conference Call March 10, 2022 10:00 AM ET Company Participants Bonavie Tek - VP, Finance Paul Brink - President and CEO Sandip Rana - CFO Jason OÂ'Connell - SVP, Energy Euan Gray - SVP, Business Development Conference Call Participants Adam Josephson - KeyBanc Cosmos Chiu - CIBC Mike Jalonen - Bank of America Tanya Jakuskonk - Scotiabank Operator Good morning, ladies and gentlemen, and welcome to the Franco-Nevada Corporation 2021 Year-End Results Confer ...
Franco-Nevada(FNV) - 2021 Q3 - Earnings Call Transcript
2021-11-04 19:33
Franco-Nevada Corporation (NYSE:FNV) Q3 2021 Earnings Conference Call November 4, 2021 10:00 AM ET Company Participants Bonavie Tek - Director, Finance Paul Brink - President and CEO Sandip Rana - CFO Jason OÂ'Connell - SVP, Energy Euan Gray - SVP, Business Development Conference Call Participants Adam Josephson - KeyBanc Tyler Langton - JPMorgan Cosmos Chiu - CIBC John Tumazos - John Tumazos Research Tanya Jakusconek - Scotiabank Operator Good morning, ladies and gentlemen, and welcome to the Franco-Nevada ...
Franco-Nevada(FNV) - 2021 Q3 - Earnings Call Presentation
2021-11-04 16:17
CORPORATE PRESENTATION FEBRUARY 2021 Q3 2021 Results Presentation November 4, 2021 TSX: FNV | NYSE: FNV Franco용 Nevada Cautionary Statement Forward Looking Statements 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, mana ...