Franco-nevada Corporation · TSX:FNV
Franco-nevada — BofA Securities Global Metals, Mining & Steel Conference 2022
19 slides from Franco-nevada's conference presentation, May 17, 2022
Slide 1: BofA Global Metals, Mining & Steel Conference
A Franco Ox) Nevada BANK OF AMERICA ih GLOBAL METALS, MINING & yi STEEL CONFERENCE oe FNV: TSX | NYSE MAY 2022
Slide 2: Cautionary Statement: Forward Looking Statements
C A U T I O N A R Y S TAT E M E N T 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, whi
Slide 3: Leading Track Record
S H A R E H O L D E R R E T U R N S Leading Track Record ( C A G R S i n c e F N V I n c e p t i o n 1, 2, 3) A lower-risk gold investment to hedge Franco-Nevada (FNV) - US$ basis against market volatility NASDAQ NYSE and TSX listed S&P 500 Large holders include: Gold Bullion ETF • BlackRock Barclay
Slide 4: Track Record
T R A C K R E C O R D GEOs1 Revenue Market Capitalization2 ( 0 0 0 ’ s ) ( U S $ M i l l i o n s ) ( U S $ B i l l i o n s ) 800 1,400 30 700 1,200 25 600 1,000 20 500 800 400 15 600 300 10 200 400 200 5 100 - - - '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '08 '09 '10 '11 '12 '13 '14 '1
Slide 5: Progressive & Sustainable Dividends
P R O G R E S S I V E & S U S TA I N A B L E D I V I D E N D S Quarterly Dividend $260 $1,950 Increased to US$0.32 per $240 $1,800 Share as of Q1 2022 Dividend Payment Dividends Paid US $ (Millions) per annum $220 $1,650 $200 $1,500 $180 $1,350 15th annual dividend increase Gold Price US $ $160 $1,2
Slide 6: Business Model
Business Model A N T A P A C C A Y
Slide 7: Our ESG Focus
E S G L E A D E R S H I P Our ESG Focus Top ESG Rankings Responsible Capital Allocation Community Contributions Good Governance & Shareholder Alignment Fostering Diversity and Inclusion Transparent ESG Disclosure For additional details, please see our most recent ESG Report The use by Franco-Nevada
Slide 8: Increasing Profitability
I N C R E A S I N G P R O F I TA B I L I T Y 2021 2020 Adjusted EBITDA Margin1 2019 of 85% and Adjusted Net 2018 Income Margin1 of 52% in Q1 2022 2017 2016 - 200 400 600 800 1,000 1,200 1,400 US $ (Millions) G&A Cost of Sales Depletion Taxes/Other Profit 1. Please see notes on Appendix slides – GEOs
Slide 9: Asset Portfolio
Asset Portfolio C O B R E P A N A M A
Slide 10: Assets
405 Assets Covering Approximately 63,000 km2 Our Portfolio 405 TOTAL 113 Precious Metals Diversified PRODUCING 42 Precious Metals Diversified ADVANCED 250 EXPLORATION Not all assets shown on map including exploration assets Asset count as of April 21, 2022 FNV: TSX | NYSE | 10
Slide 11: Core Precious Metal Streams Outperforming
C O R E P R E C I O U S M E TA L S T R E A M S O U T P E R F O R M I N G Antamina Cobre Panama $610M investment $1.36B investment 2021 revenue: $94M 2021 revenue: $235M Mine life potential1: 30+ years Mine life potential1: 35+ years Payback2: 62% Payback2: 26% Silver production has exceeded Expandin
Slide 12: Revenue Diversification
R E V E N U E D I V E R S I F I C AT I O N Diversified with Low Risk (Q1 2022 Revenue) Rest of First Gas World Cobre Panama Quantum 9% 10% 17% 17% Other Oil South America 27% 12% NGL 30% 2% Antapaccay Glencore Others 8% 8% 44% Iron Ore 6% Commodity Geography Assets Operator Gold Canada & Lundin Cand
Slide 13: Growth Outlook
Growth Outlook A N T A M I N A
Slide 14: GEO Growth Profile
S T R O N G G R O W T H O U T L O O K GEO Growth Profile (Including Energy) 800 700 600 Cobre Panama ramp-up 500 driving growth GEOs (000's) 400 300 200 100 0 2020 2021 2022 2026 Actual Actual Guidance Outlook Cobre Panama Antapaccay Antamina Candelaria Other GEOs for the years 2020 and 2021 represe
Slide 15: Organic Growth Drivers
O R G A N I C G R O W T H D R I V E R S 2022 2023 2024 2025 2026 Expansions1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Cobre Panama Panama Stillwater Montana Subika Ghana Detour Lake Ontario Tasiast Mauritania Vale Brazil Macassa Ontario Island Gold Ontario New Mines Est. Start2 Q1
Slide 16: Available Capital
AVA I L A B L E C A P I TA L Available capital3 Cash and cash equivalents1 Credit Facility1, 2 $1.7B ≈$1B DEBT FREE $723M 1. As at March 31, 2022 2. Facilities include $1B Corporate Revolver 3. Funding commitments subsequent to March 31, 2022 will be funded with cash flow from operations FNV: TSX |
Slide 17: Why We Are Different
W H Y W E A R E D I F F E R E N T Shareholder Alignment Financial Flexibility Committed to high share ownership Avoiding long-term debt and and low G&A – treating shareholder paying progressive and funds as our own sustainable dividends ensures capital availability at all times Cyclical Investing As
Slide 18: Thank You for Your Interest in Franco-Nevada
THANK YOU FOR YOUR INTEREST IN Leading Low-risk Diversified Growth track record business model portfolio and optionality www.FRANCO-NEVADA.com TSX: FNV | NYSE: FNV
Slide 19: Appendix – GEOs and Non-GAAP Measures
A P P E N D I X – G E O S A N D For the three months ended N O N - G A A P M E A S U R E S Adjusted Net Income March 31, (expressed in millions, except per share amounts) 2022 2021 Net income $ 182.0 $ 171.5 1. Starting in Q4 2021, revenue from Franco-Nevada’s Energy assets is included in the calcul
Franco-Nevada — BofA Securities Global Metals, Mining & Steel Conference 2022 on 6ix