Slide 1: Q3 2020 Results
Q3 2020 RESULTS NOVEMBER 10, 2020
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS FORWARD-LOOKING STATEMENTS This presentation contains forward-looking information and forward-looking statements (together, “forward-looking statements“) within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Ac
Slide 3: Q3 2020 Highlights
Q3 2020 HIGHLIGHTS 16,739 GEOs1 earned Declared a quarterly dividend of $0.05 per common share paid on October 15, 2020 to RECORD revenues from royalties and streams of shareholders of record as of the close of C$41.2 million business on September 30, 2020. RECORD cash flow from operating activities
Slide 4: Producing Royalties and Streams
PRODUCING ROYALTIES AND STREAMS Q3 2020 GEOs BY ASSET Q3 2020 GEOs BY PRODUCT 7,725 OTHER 434 GEOs (2.6%) SILVER 4,566 GEOs (27.3%) 16,739 GEOs GOLD 11,739 GEOs (70.1%) 2,314 1,821 1,193 1,015 743 400 458 225 191 187 102 214 117 34 GOLD SILVER OTHER (R) = Royalty, (S) = Stream 4
Slide 5: Q3 2020 Financial Performance
Q3 2020 FINANCIAL PERFORMANCE RECORD REVENUES FROM RECORD CASH FLOW FROM ROYALTIES AND STREAMS (C$ M)4 OPERATING ACTIVITIES (C$ M) $41.2 $36.1 $33.9 $28.3 Q3 2019 Q3 2020 Q3 2019 Q3 2020 5
Slide 6: Q3 2020 Revenue Breakdown
Q3 2020 REVENUE BREAKDOWN 3 MONTHS ENDED 9 MONTHS ENDED (C$ 000) Sep. 30, 2020 Sep. 30, 2019 Sep. 30, 2020 Sep. 30, 2019 ROYALTIES: Revenues $30,289 $23,465 $76,912 $70,819 Cost of Sales ($151) ($103) ($418) ($254) CASH MARGIN: $30,138 $23,362 $76,494 $70,565 STREAMS: Revenues $10,954 $10,456 $30,89
Slide 7: Q3 2020 Financial Performance
Q3 2020 FINANCIAL PERFORMANCE NET EARNINGS ADJUSTED EARNINGS (C$ M) (C$ M) $12.5 Q3 2019 Q3 2020 $17.5 $17.5 ($45.9) Q3 2019 Q3 2020 7
Slide 8: Q3 2020 Results
Q3 2020 RESULTS 3 MONTHS ENDED 9 MONTHS ENDED (C$ 000) Sep. 30, 2020 Sep. 30, 2019 Sep. 30, 2020 Sep. 30, 2019 GOLD PRODUCTION (oz) 11,739 12,408 31,758 39,179 SILVER PRODUCTION (oz AuEq) 4,566 3,282 11,944 9,404 OTHER (oz AuEq) 434 2,433 3,582 8,944 REALIZED GOLD PRICE (C$ per oz) $2,545 $1,952 $2,
Slide 9: Strong Financial Position
STRONG FINANCIAL POSITION BALANCE SHEET ITEMS Sep. 30, 2020 CREDIT FACILITY (C$ M) Cash and cash equivalents (C$ M) $160.7 $86.7 Debt (C$ M) $421.6 Investments (C$ M)5 $317.7 AVAILABLE CREDIT: Basic Shares Outstanding (M) 166.1 $413.3 M6 Quarterly Dividend (C$/Share) $0.05 Undrawn Credit Facility Dr
Slide 10: Outlook
OUTLOOK SIX MONTHS ENDED YEAR ENDED DECEMBER 31, 20207 DECEMBER 31, 20207 CASH CASH LOW HIGH LOW HIGH MARGIN MARGIN (GEOs) (GEOs) (%) (GEOs) (GEOs) (%) ROYALTIES 24,800 26,250 100 45,500 46,950 100 STREAMS 8,000 8,450 87 17,150 17,650 81 OFFTAKES 200 300 2 850 900 3 TOTAL 33,000 35,000 63,500 65,500
Slide 11: Osisko Development Corp. Spin-Out
OSISKO DEVELOPMENT CORP. SPIN-OUT Osisko will transfer certain mining assets and CONCURRENT EQUITY FINANCING marketable securities to Osisko Development, while retaining royalties and streams, including: Equity financing for gross proceeds of $100 M to fund development costs at Cariboo, San Antonio
Slide 12: Distinct Companies, Distinct Mandates
DISTINCT COMPANIES, DISTINCT MANDATES Peer-leading development pipeline to drive Near-term production and a clear pathway to significant growth becoming an intermediate producer Significant available capital and free cash flow Developing a mining camp at Cariboo - scarce to enhance core royalty and
Slide 13: Sector Leading Growth
SECTOR LEADING GROWTH GEO PRODUCTION Osisko Development 20,000 potential GEO contribution AT 91% CASH OPERATING MARGINS COVID-19 IMPACTED 140,000 80,553 78,006 63,500 58,933 to 38,270 65,500 30,588 12,499 2014 2015 2016 2017 2018 2019 2020 Paid-For Royalty / Streaming 7 ROYALTIES CREATED THE ACCELER
Slide 14: Canadian Malartic Underground
CANADIAN Construction of underground portal access commenced with ramp MALARTIC development advancing through 4Q208 UNDERGROUND PEA expected to be completed in 20218 Initial multi-decade production potentially starting in 20238 Over 10 million ounces of resources that are mostly in the inferred cate
Slide 15: Canadian Malartic Underground
CANADIAN MALARTIC UNDERGROUND Q3 EXPLORATION UPDATE10 Aggressive infill drill program Strong drill results confirmed The higher grade East at East Gouldie (12 diamond grades and widths of East Gouldie zone is expected to drill rigs completed 38,000m) Gouldie. The zone is open at significantly improv
Slide 16: Eagle, Mantos, Éléonore
EAGLE Canada’s newest gold mine Ramping up to 220 Koz of gold per year Exploration delivering high grade drill results on the Raven target, expanding strike length 5% NSR of mineralization to 750 meters Yukon, Canada | Victoria Gold Corp. MANTOS Progressing mine expansion will increase deliveries to
Slide 17: Cariboo Gold, San Antonio
NEW ASSETS DELIVERED TO OSISKO THROUGH SPINOUT TRANSACTION CARIBOO GOLD 5.9 Moz Au underground resource11 and growing Decades worth of value-add exploration potential over 83km strike Clear path to permitting Construction decision in 2022 5.0% NSR Design optimization work ongoing B.C., Canada | Osis
Slide 18: Windfall, Hermosa, Horne 5
WINDFALL Unique combination of size and high grade with over 5 Moz resource13 and growing, all above 1,200m depth Additional 250k metres of drilling in 2020, 20+ drills on site 2.0-3.0% NSR Québec, Canada | Osisko Mining Inc. Strong support from the Cree Nation HERMOSA World-class polymetallic depos
Slide 19: Island Gold, SASA, Gibraltar, Seabee
ISLAND GOLD SASA 1.38%-3% NSR 100% Ag Stream Ontario, Canada | Alamos Gold Inc. Macedonia | Central Asia Metals PLC Positive Phase III Expansion Study and One of the largest zinc, lead and silver mines proceeding with an expansion of the in Europe operation to 2,000 tonnes per day Long mine life wit
Slide 20: Q3 2020 Summary
Q3 2020 SUMMARY 16,739 96.4% RECORD RECORD ATTRIBUTABLE CASH MARGIN EARNED C$36.1 M C$41.2 M C$160.7 M IN CASH GEOs EARNED FOR ON GEOs RECEIVED CASH FLOW FROM REVENUES FROM AS AT SEP. 30, 2020 Q3 2020 FOR Q3 2020 OPERATING ACTIVITIES ROYALTIES AND (excluding offtakes) IN Q3 2020 STREAM IN Q3 2020 A
Slide 21: Endnotes
ENDNOTES 1. GEOs are calculated on a quarterly basis and include royalties, streams and offtakes. Silver earned from royalty and stream agreements was converted to gold equivalent ounces by multiplying the silver ounces by the average silver price for the period and dividing by the average gold pric