Franco-nevada Corporation · TSX:FNV
Franco-nevada — Q2 2026 Earnings Presentation
15 slides from Franco-nevada's earnings presentation, Aug 12, 2026
Slide 1: Results Presentation Q2 2026
R E S U L T S P R E S E N T A T I O N Q 2 2 0 2 6 Hoyle Pond, Timmins, Ontario | Image Courtesy of the ROM (Royal Ontario Museum), Toronto, Canada. ©ROM
Slide 2: Cautionary Statement
C A U T I O N A R Y S TAT E M E N T 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, whi
Slide 3: Speakers
SPEAKERS Paul Brink Sandip Rana President & CEO CFO 3
Slide 4: Average Price Changes
AV E R A G E P R I C E C H A N G E S 1. Based on LBMA PM Fix for gold, platinum and palladium. Based on LBMA Fix for silver 4 2. Based on Bank of Canada daily rates.
Slide 5: Performance – Key Quarterly Metrics
P E R F O R M A N C E – K E Y Q U A R T E R LY M E T R I C S GEOs Sold1 Total Revenue Adjusted EBITDA1 Adjusted Net Income1 $ (million) $ (million) $ (million) +18% 140,000 $700 $700 +57% $600 +45% $400 +46% 120,000 $600 $600 $350 $500 $300 100,000 $500 $500 $400 $250 80,000 $400 $400 $300 $200 60,0
Slide 6: Q2 2026 Revenue Diversification
Q 2 2 0 2 6 R E V E N U E D I V E R S I F I C AT I O N NGL Others Other Gas Mining Rest of Candelaria Oil World PGM Central Guadalupe- America & Palmarejo Mexico Canada Antapaccay & USA Other Silver Royalty Streams Antamina Gold South America Energy Tocantinzinho Western Limb COMMODITY GEOGRAPHY ASS
Slide 7: High Margin – Low-Cost Model
HIGH MARGIN – LOW-COST MODEL $5,000 $4,500 $4,352 $4,000 $3,500 $3,000 $2,883 $2,500 US$ $2,109 $2,000 $1,657 $1,500 $1,559 $1,000 $500 $242 $286 $278 $316 $344 $- 2022 2023 2024 2025 H1 2026 Insulated from Operating Cash cost per GEO¹ Margin Cost Inflation 1 Please refer to the appendix at the end
Slide 8: Progressive & Sustainable Dividends
P R O G R E S S I V E & S U S TA I N A B L E D I V I D E N D S L E A D I N G T R A C K R E C O R D 19 CONSECUTIVE ANNUAL INCREASES US$0.44/share1 Quarterly Dividend >$2.9B2 Dividends paid since IPO3 $337M4 2026 dividends to be paid 11.5% yield (U.S.)2 16.3% yield (CDN)2 IPO shareholder realizing 16%
Slide 9: 2026 Guidance
2026 GUIDANCE 2026 GUIDANCE 1, 2 Tracking towards the upper half of annual guidance range TOTAL GEOS 510K – 570K GOLD OUNCES SOLD 360K – 400K + Full year: Côté Gold, Porcupine, and Valentine Gold + Additions: Casa Berardi S I LV E R O U N C E S S O L D 4 . 7 M – 5 . 5 M + Ramp-ups: Greenstone and Sa
Slide 10: Available Capital
AVA I L A B L E C A P I TA L AS AT June 30, 2026 $4,500 $4.3 billion $4,000 Marketable Securities² $3,500 $3,000 $2,500 Undrawn Total $2,000 Credit Facility¹ $1,500 $1,000 $500 Cash on Hand $- Debt Free + Cash Generated by Operations $450M-$500M3 per quarter 1 Undrawn Credit Facilities includes $750
Slide 11: Organic Growth News
ORGANIC GROWTH NEWS M I N E E X P A N S I O N S Candelaria Chile Côté Ontario Guadalupe-Palmarejo Mexico Detour Ontario Strong potential for mine life extensions Updated mineral reserve and mine plan Positive exploration results along the Optimization initiatives to support production through UG ext
Slide 12: Organic Growth News (cont.)
ORGANIC GROWTH NEWS (cont.) D E V E L O P M E N T P R O J E C T S Copper World Arizona Stibnite Gold Idaho Crawford Ontario PSJ Cobre Mendocino Argentina Definitive feasibility study is progressing, Commenced critical path construction Positive decision statement from federal Developer (private comp
Slide 13: Franco-Nevada.com
FRANCO-NEVADA.COM TSX/NYSE: FNV Hoyle Pond, Timmins, Ontario | Image Courtesy of the ROM (Royal Ontario Museum), Toronto, Canada. ©ROM
Slide 14: GEOs and Net GEOs
GEOS AND NET GEOs A P P E N D I X GEOs include Franco-Nevada’s attributable share of production from our Mining and Energy assets, after applicable Net GEOs are GEOs sold, net of direct operating costs, including, for our stream GEOs, the associated ongoing cost recovery and payability factors. GEOs
Slide 15: Non-GAAP Measures
NON-GAAP MEASURES A P P E N D I X 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 standardi