Franco-nevada Corporation · TSX:FNV
Franco-nevada — Q1 2025 Earnings Presentation
13 slides from Franco-nevada's earnings presentation, May 9, 2025
Slide 1: Q1 Results Presentation
2 0 2 5 Q 1 R E S U L T S P R E S E N T A T I O N M A Y 9 , 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 140,000 140,000 120,000 120,000 100,000 100,000 80,000 80,000 60,000 60,000 40,000 40,000 20,000 20,000 - - Q1 2024 Q1 2025 Q1 2024 Q1 2025 Consistent Performance Year Over Year 1. Please refer to the appendix at the end of this presentation on
Slide 6: Revenue & Adjusted EBITDA
REVENUE & ADJUSTED EBITDA 6 $400 $368 $321 $322 $300 $276 $277 $257 $260 $236 $216 $222 $ (millions) $200 $100 $- Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Total Revenue Adjusted EBITDA¹ 87.4% Adjusted EBITDA margin1 in Q1 2025 1. Please refer to the appendix at the end o
Slide 7: Key Financial Metrics
KEY FINANCIAL METRICS 7 Q1 2025 Q1 2024 Variance Average Gold Price ($/oz) $2,863 $2,072 38.2% Gold Equivalent Ounces (GEOs)1 126,585 122,897 3.0% Revenue $368.4 $256.8 43.5% Adjusted EBITDA1 (millions) $321.9 $216.1 49.0% Adjusted EBITDA1 per share $1.67 $1.12 49.1% Net Income (millions) $209.8 $14
Slide 8: Q1 2025 Revenue Diversification
Q1 2025 REVENUE DIVERSIFICATION 8 COMMODITY GEOGRAPHY ASSETS DEAL TYPE
Slide 9: Growing GEO Margin
GROWING GEO MARGIN 9 3,500 3,000 2,500 2,000 US$ 1,500 $2,187 $2,375 $2,559 $2,074 $1,799 1,000 500 $273 $264 $290 $287 $304 - Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Cash cost per GEO¹ Margin Business model benefits from rise in commodity prices with consistent cost structure 1. Please refer to the
Slide 10: Available Capital
AVAIL ABLE CAPITAL 10 Closing Cash1 (March 31, 2025) ~$1,128M Porcupine Transaction ~($300M) + Credit Facility2 ~$1,000M + Gold Bullion Inventory ~$100M ~$1,900M3 + Cash Generated by Operations $250M-$300M per quarter 1. As at March 31, 2025 2. $1B Corporate Revolver 3. Funding commitments subsequen
Slide 11: Franco-Nevada.com
FRANCO-NEVADA.COM TSX/NYSE: FNV
Slide 12: GEOs and Net GEOs
GEOS AND NET GEOs 12 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 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 th
Slide 13: Non-GAAP Measures
NON-GAAP MEASURES 13 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