Franco-nevada Corporation · TSX:FNV
Franco-nevada — Q2 2025 Earnings Presentation
12 slides from Franco-nevada's earnings presentation, Aug 11, 2025
Slide 1: Q2 2025 Results Presentation
2 0 2 5 Q 2 R E S U L T S P R E S E N T A T I O N A U G U S T 1 1 , 2 0 2 5
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT 2 F O R WA R D - LO O K I N G S TAT 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, respectivel
Slide 3: Speakers
SPEAKERS 3 Paul Brink Sandip Rana President & CEO CFO
Slide 4: Average Price Changes
AVERAGE PRICE CHANGES 4 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 5: Performance – GEOs Sold, Net GEOs
PERFORMANCE –GEOs SOLD, NET GEOs 5 GEOs Sold1 Net GEOs1 Total Revenue1 Adjusted EBITDA1 140,000 140,000 $400 $400 $350 $350 120,000 120,000 $300 $300 100,000 100,000 $250 $250 80,000 80,000 $200 $200 60,000 60,000 $150 $150 40,000 40,000 $100 $100 20,000 20,000 $50 $50 - - $0 $0 Q2 2024 Q2 2025 Q2 2
Slide 6: Key Financial Metrics
KEY FINANCIAL METRICS 6 Q2 2025 Q2 2024 Variance Average Gold Price ($/oz) $3,279 $2,338 40.2% Gold Equivalent Ounces (GEOs)1 112,093 110,264 1.7% Revenue $369.4 $260.1 42.0% Adjusted EBITDA1 (millions) $365.7 $221.9 64.8% Adjusted EBITDA1 per share $1.90 $1.15 65.2% Adjusted EBITDA Margin1 99.0% 85
Slide 7: Q2 2025 Revenue Diversification
Q2 2025 REVENUE DIVERSIFICATION 7 COMMODITY GEOGRAPHY ASSETS ASSET TYPE
Slide 8: Growing GEO Margin
GROWING GEO MARGIN 8 3,500 3,000 2,500 2,000 US$ 1,500 $2,559 $2,980 $2,187 $2,375 $2,074 1,000 500 $264 $290 $287 $304 $299 - Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Cash cost per GEO¹ Margin Continued margin increase as commodity prices increase 1. Please refer to the appendix at the end of this p
Slide 9: Available Capital
AVAIL ABLE CAPITAL 9 Available Capital1, 2 (June 30, 2025) ~$1,610.0M - Arthur Gold Project ($250.0M) Available Capital Net of Arthur Acquisition ~$1,360.0M3 + Cash Generated by Operations $275M-$325M per quarter 1. As at June 30, 2025 2. Includes $1B Corporate Revolver and $450M Marketable Securiti
Slide 10: Franco-Nevada.com
FRANCO-NEVADA.COM TSX/NYSE: FNV
Slide 11: GEOs and Net GEOs
GEOS AND NET GEOs 11 A P P E N D I X 1. GEOs include Franco-Nevada’s attributable share of production from our Mining and Energy assets, after applicable 2. Net GEOs are GEOs sold, net of direct operating costs, including, for our stream GEOs, the associated ongoing cost recovery and payability fact
Slide 12: Non-GAAP Measures
NON-GAAP MEASURES 12 A P P E N D I X 1. Non-GAAP Financial Measures: Cash Costs, Cash Costs per GEO sold, Adjusted Net Income, Adjusted Net Income per Share, Adjusted Net Income Margin, Adjusted EBITDA, Adjusted EBITDA per share, and Adjusted EBITDA Margin are non-GAAP financial measures with no sta