Royal Gold, Inc. · NASDAQ:RGLD

Royal Gold — Scotiabank CEO Royalty Roundtable 2013

10 slides from Royal Gold's conference presentation, Jun 25, 2013

  1. Slide 1: Scotiabank: CEO Royalty Roundtable

    Scotiabank: CEO Royalty Roundtable JUNE 25, 2013 Page 1

  2. Slide 2: Cautionary Statement

    Cautionary Statement This presentation contains certain forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ m

  3. Slide 3: Royal Gold Profile

    Royal Gold Profile $3B royalty and streaming company US-based, NASDAQ (RGLD) and TSX (RGL) listed Corporate Status:  Substantial near term growth funded  Portfolio of long lived, high quality core assets  10+ years of dividend growth with ~1.8% current yield  Robust balance sheet and strong unco

  4. Slide 4: Near Term Growth

    Near Term Growth Estimated Ounces 300 Future Estimate ~268koz/yr Net Gold Equivalent Ounces/Thousands 250 Pascua-Lama 200 Mt. Milligan ~47% estimated increase Current from 2012 due to Mt. ~160koz/yr Milligan alone 150 Street RGLD5 S&P DJIA6 Other Estimated (post- 5006 100 EPS Growth selloff updates)

  5. Slide 5: Property Portfolio

    Property Portfolio 204 5 CORNERSTONE PRODUCING! — PROPERTIES ® DEVELOPMENT EVALUATION? EXPLORATION? 4 PASCUA-LAMA 5 _ANDACOLLO World Class Royalty Company Page 5 Ip ROYALGOLD INC

  6. Slide 6: Cornerstone Properties

    Cornerstone Properties Andacollo Royalty: 1 75% of gold production (NSR) Reserves: 2 1.8M oz (Au) Est. Mine Life: 20+ Years Est. CY 2013 Production: 3 63,000 ozs (Au) Peñasquito Royalty: 2.0% NSR Reserves: 2 15.7M oz (Au), 912M oz (Ag) Est. Mine Life: 22 Years Est. CY 2013 Production: 4 360,000 to 4

  7. Slide 7: Balance Sheet

    Balance Sheet Percentage Increase in per Share Metrics Since the Last time RGLD Traded at $45 per Share Status ($M) 3-31-13 300% 300% Cash $673 250% Credit Facility $350 Total Liquidity $1,023 200% 150% 119% 73% Debt $300 100% 36% 2013 50% Commitments $13 0% Net Cash per Cash Flow per EBITDA per Sha

  8. Slide 8: Endnotes

    Endnotes Page 8

  9. Slide 9: Endnotes

    Endnotes PAGE 4. NEAR TERM GROWTH PAGE 6: CORNERSTONE PROPERTIES 13. Reserves reported by ABX/the operator as of December 1. Gold equivalent ounces for fiscal 2012 were calculated by 1. 75% of payable gold until 910,000 payable ounces; 50% 31, 2011. dividing actual revenue by the average gold price

  10. Slide 10: Contact

    1660 Wynkoop Street Denver, CO 80202-1132 303.573.1660 info@royalgold.com www.royalgold.com Page 10

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