CORPORATE PRESENTATION FEBRUARY 2021 2020 Results Conference Call Presentation March 11, 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 perfor ...

Franco-Nevada Corp (NYSE:FNV) Q3 2020 Earnings Conference Call November 5, 2020 10:00 AM ET Company Participants Candida Hayden - IR Contact Sandip Rana - CFO Eaun Gray - VP, Business Development Paul Brink - President, CEO & Director Conference Call Participants Fahad Tariq - Crédit Suisse Jackie Przybylowski - BMO Capital Markets Puneet Singh - Industrial Alliance Cosmos Chiu - CIBC Michael Jalonen - Bank of America Merrill Lynch Brian MacArthur - Raymond James Ltd. Greg Barnes - TD Securities Operator Go ...

Financial Data and Key Metrics Changes - For Q2 2020, adjusted EBITDA was $158.1 million, a 14.6% increase year-over-year [10] - Adjusted net income for Q2 2020 was $91.8 million, up 43.4% from $64 million in Q2 2019 [10] - Gold and gold equivalent revenue increased by 26% year-over-year, driven by higher gold prices, with the average gold price at $1,711 per ounce compared to $1,310 a year ago [9] Business Line Data and Key Metrics Changes - Gold equivalent ounces (GEO) sold in Q2 2020 were 104,330, slightly down from 107,774 in Q2 2019 [6] - Energy revenue decreased significantly from $27.6 million in Q2 2019 to $14.6 million in Q2 2020 due to lower oil and gas prices [9] - Hemlo mine showed substantial increases in GEOs delivered and revenue recognized compared to the previous year, benefiting from rising gold prices [8] Market Data and Key Metrics Changes - 92% of quarterly revenue was generated from gold and gold equivalents, with gold contributing 70%, silver 10%, PGMs 11%, and other mining 1% [11] - Revenue was sourced 82% from the Americas, with Latin America being the largest contributor [11] Company Strategy and Development Direction - The company is focused on cost management and maintaining a high-margin business model, with cash costs per ounce approximating $250 to $300 [13] - Management is optimistic about future growth, particularly as gold prices rise, and expects to benefit from a diversified portfolio of assets [19] - The company is actively pursuing business development opportunities, including smaller transactions and larger competitive bids [19][20] Management Comments on Operating Environment and Future Outlook - Management noted that almost all impacted assets have resumed normal operations, with only the Golden Highway assets remaining closed [5] - The company reinstated guidance for 2020, expecting GEO sold to be between 475,000 to 505,000 based on commodity price assumptions [14] - Management expressed confidence in the recovery of energy revenue as oil prices improve, particularly from the Weyburn asset [24] Other Important Information - The company is currently undergoing a CRA audit related to transfer pricing reassessments, with a potential tax owed of approximately $7 million [16] - The company has a cash balance building rapidly, with total available capital of $1.7 billion to deploy on new opportunities [22] Q&A Session Summary Question: Will there be a lag in deliveries from Cobre Panama as it ramps up? - Yes, deliveries are expected to ramp up by mid-August, with a potential lag of 4 to 6 weeks for payment recognition [23] Question: How is Weyburn expected to perform in the second half of the year? - Weyburn is expected to improve significantly in the second half of the year as oil prices recover [24] Question: What is the outlook for the ATM program and its use? - The ATM program is a tool for opportunistic cash management, with no specific ongoing revenue stream expected [28] Question: What are the key changes in guidance for 2020? - The main source of guidance change is the impact of COVID-19 on various assets, particularly Candelaria [30] Question: What are the thoughts on dividend increases? - The company aims for a sustainable and progressive dividend, with a commitment to increase it each year [32] Question: What is the expected split of GEO sold between Q3 and Q4? - A split of approximately 60:40 in favor of Q4 is expected for incremental GEO sold in the second half of the year [35] Question: What is the status of the SolGold transaction? - Due diligence is ongoing, with completion expected in the near term [37] Question: How sensitive is the revenue to commodity prices? - There is leverage in revenue from rising commodity prices, particularly in Canadian operations [50] Question: What is the company's approach to potential M&A opportunities? - The company remains opportunistic in pursuing M&A, focusing on good deposits and competitive pricing [44][81]

Franco ✈ Nevada The GOLD Investment that WORKS CORPORATE PRESENTATION MAY 2020 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-N ...

Financial Performance - Revenue increased to $240.5 million in Q1 2020, compared to $179.8 million in Q1 2019[9] - Adjusted EBITDA increased to $192.7 million in Q1 2020, compared to $140.9 million in Q1 2019[9] - Adjusted net income increased to $109.2 million in Q1 2020, compared to $65.2 million in Q1 2019[9] - The company's margin increased to 80.1% in Q1 2020, compared to 78.4% in Q1 2019[9] - Working capital was $299.5 million as of March 31, 2020[14] - Marketable securities were $89.0 million as of March 31, 2020[14] Production and Sales - Gold equivalent ounces (GEOs) sold increased to 134,941 in Q1 2020, compared to 122,049 in Q1 2019, a 10.6% increase year-over-year[9, 5] Revenue Diversification - Energy revenue was $26.5 million in Q1 2020[5] - Antamina contributed 5% to revenue in Q1 2020[11] - Antapaccay contributed 10% to revenue in Q1 2020[11] - US assets contributed 19% to revenue in Q1 2020[11]

Franco & Nevada The GOLD Investment that WORKS 2019 RESULTS CONFERENCE CALL MARCH 10, 2020 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 regard ...