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Franco-Nevada (FNV) investor relations material
Franco-Nevada Corporate Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Corporate Presentation summary2 Dec, 2025
Business model and strategy
Delivers a proven business model with 19% compounded annual return since IPO and 18 consecutive dividend increases.
Maintains financial flexibility with $1.85B in available capital and avoids long-term debt.
Focuses on diversified portfolio with 120 cash-flowing assets and over 50% growth targeted by 2029.
Prioritizes shareholder alignment, low G&A, and progressive, sustainable dividends.
Adapts investment style to provide creative capital to high-quality projects and leverages strong technical skills for asset selection.
Financial performance and returns
Achieved 6.5x growth in revenue, adjusted EBITDA, operating cash flow, and adjusted net income per share since IPO.
Delivers high margins: 91% adjusted EBITDA margin and 59% adjusted net income margin YTD 2025.
Maintains low cash costs per GEO, insulated from operating cost inflation.
Paid over $2.7B in dividends since IPO, with a 13% dividend CAGR and 18 consecutive annual increases.
Outperformed major indices and gold miners as a lower-risk gold investment.
Portfolio diversification and growth
Holds 434 total assets across 14 countries, with 120 producing, 38 advanced, and 276 exploration assets.
82% of revenue from precious metals and 86% from the Americas; no single asset exceeds 15% of revenue.
Portfolio includes both royalties and streams, with significant geological optionality and high-margin revenue streams.
Recent large acquisitions (e.g., Côté, Porcupine, Yanacocha) add over 120K GEOs to medium-term outlook.
Embedded royalty growth: 3.6x increase in gold reserves since IPO, with over $2.4B revenue from original portfolio.
Cobre Panama restart timeline and 2029 GEOs impact
Strategy for deploying $1.85B available capital
CRA audit resolution and future tax implications
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Next Franco-Nevada earnings date
Q4 20256 Mar, 2026
Next Franco-Nevada earnings date
Q4 20256 Mar, 2026
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Leroy DaleyApp Store
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Eferix Drawings Google Play
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Frequently asked questions
Franco-Nevada operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. The company also seeks to acquire interest in base-metal properties. It controls more than 3 gigatonnes of net gold reserves; and more than 6 gigatonnes of silver reserves and resources globally. Franco-Nevada was founded in 1983 and is based in Toronto, Canada.
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