Franco-nevada Corporation · TSX:FNV
Franco-nevada — Q3 2024 Earnings Presentation
12 slides from Franco-nevada's earnings presentation, Nov 7, 2024
Slide 1: Q3 2024 Results Presentation
Q 3 2 0 2 4 R E S U L T S P R E S E N T A T I O N N O V E M B E R 7 , 2 0 2 4
Slide 2: Cautionary Statement: Forward-Looking Statements
CAUTIONARY STATEMENT 2 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 includ
Slide 3: Speakers
SPEAKERS 3 Paul Brink Sandip Rana President & CEO CFO
Slide 4: Total GEOs Sold & Revenue
TOTAL GEOs SOLD & REVENUE 4 Total GEOs Sold Revenue 200 (GEOs1 000’s) $ (millions) 180 $360 160 $320 140 $280 120 $240 100 $200 80 $160 60 $120 40 $80 20 $40 - $- Q3 2023 Q3 2024 Q3 2023 Q3 2024 Precious Metals (excludes Cobre Panama) Diversified Cobre Panama Total Revenue (excludes Cobre Panama) Co
Slide 5: Average Commodity Price Changes
AVERAGE COMMODITY PRICE CHANGES 5 1. Based on LBMA PM Fix for gold, platinum and palladium. Based on LBMA Fix for silver 2. Based on Bank of Canada daily rates
Slide 6: Key Financial Metrics
KEY FINANCIAL METRICS 6 Q3 2024 Q3 2023 Q3 2023 with Cobre Panama w/o Cobre Panama Gold Equivalent Ounces (GEOs)1 110,110 160,848 125,882 Revenue $275.7 $309.5 $242.2 Q3 2024 Q3 2023 Adjusted EBITDA1 (millions) $236.2 $255.1 Adjusted EBITDA Margin1 85.7% 82.4% Net Income (millions) $152.7 $175.1 Net
Slide 7: Q3 2024 Revenue Diversification
Q3 2024 REVENUE DIVERSIFICATION 7 Gas 5% Rest of Candelaria Oil World 12% 12% 19% NGL 2% Canada Antapaccay & USA Other 11% Other Mining 6% Mexico 35% 39% PGM 8% 2% Guadalupe 8% Silver 10% Gold MWS 65% 7% South America Energy 38% 17% Antamina 6% COMMODITY GEOGRAPHY ASSETS 77% from 81% from Americas N
Slide 8: Growing GEO Margin
GROWING GEO MARGIN 8 3,000 2,500 2,000 1,500 US$ $1,625 $1,680 $1,799 $2,074 $2,187 1,000 500 $304 $296 $273 $264 $290 - Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Cash cost per GEO¹ Margin Business model benefits from rise in commodity prices with consistent cost structure 1. Please refer to the appen
Slide 9: Available Capital
AVAIL ABLE CAPITAL 9 Available Cash and cash Credit capital3 equivalents1 Facility1, 2 ≈$1.3B ≈$1B ≈$2.3B DEBT FREE 1. As at September 30, 2024 2. 3. $1B Corporate Revolver Other funding commitments will be funded with cash flow from operations N U E VA U N I Ó N ( R E L I N C H O )
Slide 10: Guidance: Growth and Optionality
GUIDANCE 10 G R O W T H A N D O P T I O N A L I T Y 2024 Revised Guidance1, 4 2024 Original Guidance2, 4 GEOs GEOs Total Total 445,000-465,000 480,000-540,000 – Impact of commodity prices on conversion of Diversified1 – Assumes lower oil and gas prices1 340,000-360,000 360,000-400,000 – Cobre Panama
Slide 11: franco-nevada.com
FRANCO-NEVADA.COM TSX/NYSE: FNV
Slide 12: Appendix - GEOs and Non-GAAP Measures
APPENDIX-GEOS AND NON-GAAP MEASURES 12 1. GEOs include Franco-Nevada’s attributable share of production from our Mining and Energy assets, after applicable recovery and payability factors. GEOs are estimated on a gross basis for NSR royalties and, in the case of stream ounces, before the payment of