Franco-Nevada Corp.

Franco-Nevada Corp.

Franco-Nevada Corp.

Overview
Date Founded

2007

Headquarters

199 Bay Street,Suite 2000,Commerce Court West,Toronto, ON M5L 1G9

Type of Company

Public

Employees (Worldwide)

39

Industries

Non-Energy Mining & Minerals
Metal Manufacturing & Products
Investment Services & Portfolio Management

Company Description

Franco-Nevada Corporation is the leading gold royalty and stream company by both gold revenues and number of gold assets. The Company trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada has delivered superior returns to investors through its diversified portfolio of cash-flow producing assets and interests in some of the largest new gold development and exploration projects in the world. Franco-Nevada provides yield and more upside than a gold ETF with less risk than an operating gold company. Its business model benefits from rising commodity prices and new discoveries while limiting exposure to operating and capital cost inflation. Franco-Nevada has substantial cash with no debt and is generating growing cash flow that is being used to expand its portfolio and to increase dividends. Management and the Board are significant shareholders and are dedicated to the maximization of Franco-Nevada’s share price

In The News
News Bites Canadian Markets
September 28, 2018
Monthly: Franco-Nevada keeps sliding: down 15% in 3 months
News Bites Canadian Markets
September 26, 2018
Franco-Nevada Cobre Panama Update
News Bites Canadian Markets
September 24, 2018
Franco-Nevada down 2.3% in 2 days September 24, 2018 17:00 EDT
Executives & Employees

Chief Executive Officer

President & Chief Operating Officer

Chief Financial Officer

Chief Legal Officer & Corporate Secretary

Managing Director-Oil & Gas

Chief Legal Officer & Corporate Secretary

Head-Investor Relations

Vice President-Geology

Board of Directors

Former President at Newmont Mining Corporation

Chief Executive Officer at Franco-Nevada Corp.

Chief Executive Officer at Resource Capital Funds

Chancellor-Emeritus at University of Toronto

Chief Executive Officer at Rockcliff Group Ltd.

President & Chief Executive Officer & Director at MEG Energy Corp.

Project Director at Newmont Suriname LLC

Former Chief Executive Officer & Executive Director at Vedanta Resources Plc

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Franco-Nevada Corp.
Owners & Shareholders
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Van Eck Associates Corp. manages investments in hard assets, emerging markets, precious metals (including gold) and other specialized asset classes. The firm's mutual funds are designed to offer innovative diversification across asset classes with returns that have low correlations to traditional US equity and fixed-income investments. Van Eck also offers ETFs, separate accounts and alternative investments. The firm employs a top-down approach to identify attractive potential markets and sectors and then conducts bottom-up analysis of individual stocks. Their portfolios are benchmarked against indices based on the portfolio's investment types and geographic focus and client preferences.

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Fidelity (Canada) Asset Management ULC's investment approach is based the belief that in-depth fundamental analysis of companies can identify securities that may outperform the market. The firm's global research resources include seasoned, sector-focused fundamental analysts covering industry sectors across Canadian, US and global markets, as well as quantitative and technical portfolio managers and analysts. FIAM Canada offers a wide variety of investment solutions including: Canadian, US and International/Global equity strategies; Diversified, Active/Single Sector, and Custom (Liability-Driven and Tactical Bond) fixed-income strategies; and Multi-Asset Class Asset Allocation Products including Strategic Balanced, Tactical Asset Allocation and Balanced Trust Services.

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BMO Asset Management manages a variety of Canadian equity portfolios including large-cap, small-cap, dividend growth and income, as well as specialized mandates such as natural resources and precious metals. The firm also manages a range of fixed-income portfolios including money market, short term, universe, long bonds and mortgage mandates. For clients seeking exposure outside of Canada, they offer a US equity only portfolio in cooperation with Harris Investment Management of Chicago and an EAFE portfolio in cooperation with Pyrford International of London. BMO also offers a foreign equity pooled fund which incorporates the growth-oriented US equity style from Harris Investment Management with EAFE investments from Pyrford International.BMO seeks to achieve consistent, above average returns through a risk-controlled approach to asset management. The firm attempts to reduce risk through the use of different asset classes, diversification and intensive individual security analysis. Their equity investment approach focuses on investments in companies with the potential to create long-term wealth. Though not limited by sector, the firm tends to invest in the stocks of companies in the finance, energy minerals, non-energy minerals and industrial services sectors. BMO's fixed-income investment approach seeks capital preservation and returns commensurate with a given level of risk.

Recent Transactions
Details Hidden

Franco-Nevada Corp. issued Common Stock

Details Hidden

Noront Resources Ltd. purchases Cliffs Natural Resources, Inc. /2 Subsidiaries from Cleveland-Cliffs, Inc.

Details Hidden

Franco-Nevada Corp. issued Common Stock

Transaction Clients
Lender

Advised on Klondex Mines ULC purchases Klondex Midas Operations, Inc.

Lender

Advised on Noront Resources Ltd. purchases Cliffs Natural Resources, Inc. /2 Subsidiaries from Cleveland-Cliffs, Inc.

Transaction Advisors
Underwriter

Advised onFranco-Nevada Corp. issued Common Stock

Manager

Advised onFranco-Nevada Corp. issued Common Stock

Manager

Advised onFranco-Nevada Corp. issued Common Stock

Legal Advisor

Advised onFranco-Nevada Corp. issued Common Stock

Associate

Advised onFranco-Nevada Corp. issued Common Stock

Co-Head, Global Metals & Mining Group

Advised onFranco-Nevada Corp. issued Common Stock

Advisors & Consultants
Advisor

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Clients

Newmont Mining Corporation is primarily a gold producer, with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico. Founded in 1921 and publicly traded since 1925, Newmont is one of the world’s largest gold producers and is the only gold company included in the S&P 500 Index and Fortune 500. Headquartered near Denver, Colorado, the company has approximately 43,000 employees and contractors worldwide. In 2007, Newmont became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont’s industry leading performance is reflected through high standards in environmental management, health and safety for its employees and by creating value and opportunity for host communities and shareholders

Glencore Plc produces and markets metal, mineral & energy and agricultural commodities. Its products include copper, zinc, lead, nickel, ferroalloys, aluminum, iron ore, coal, and oil. The company operates through following segments; Metals and Minerals, Energy Products and Agriculture Products. The Metals and Minerals segment produces zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt and iron ore. The Energy Products segment provides crude oil, oil products, steam coal and metallurgical coal. The Agriculture Products segment produces wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar. Glencore was founded in 1974 and is headquartered in Baar, Switzerland.

Agnico Eagle Mines Ltd. engages in the exploration, development, sale, and production of gold mineral properties. The company was founded by Paul Penna on June 1, 1972 and is headquartered in Toronto, Canada.

Key Stats and Financials As of 2017
Market Capitalization
$16.1B
Total Enterprise Value
$17.8B
Earnings Per Share
$1.38
Revenue
$876M
EBITDAMargin
75.27%
Enterprise Value Sales
20.29x
Enterprise Value EBITDAOperating
26.95x
TEVNet Income
70.33x
Total Debt
$0
Total Equity
$5.9B
EBITDA
$660M
Net Profit
$253M
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
21.49%
Five Year Compounded Annual Growth Rate Of Revenue
15.47%
Suppliers
Teranga Gold Corp. Non-Energy Mining & Minerals | Toronto, ON

Teranga Gold Corp. engages in the production, exploration, development of mineral properties. It focuses on gold assets of Sabodala Mine. The company was founded on October 1, 2010 and is headquartered in Toronto, Canada.

Klondex Mines ULC Non-Energy Mining & Minerals | Vancouver, BC

Klondex Mines ULC is a junior-tier gold and silver mining company, which engages in the mining, exploration, development, and production of mineral resources. It operates through the following segment: Fire Creek; Midas; Hollister; Aurora; True North; and Corporate and Other. The Fire Creek, Midas, Hollister, Aurora, and True North segments include the operations, development, and exploration activities of each respective segment. The Corporate and Other segment comprises of general and administrative costs of the company. The company was founded on August 25, 1971 and is headquartered in Vancouver, Canada.

First Quantum Minerals Ltd. Non-Energy Mining & Minerals | Vancouver, BC

First Quantum Minerals Ltd. engages in the production of copper, nickel, gold, zinc, and acid. It has operating mines in Zambia, Finland, Turkey, Spain, and Mauritania. It also develops Cobre Panama copper project in Panama, exploring the Haquira copper deposit in Peru, and the Taca Taca copper-gold-molybdenum deposit in Argentina. It operates through the following segments: Kansanshi, Sentinel, Las Cruces, Guelb Moghrein, Çayeli, Pyhäsalmi, Ravensthorpe, and Corporate & Other. The Corporate & Other segment deals with the evaluation and acquisition of new mineral properties, regulatory reporting, treasury and finance, and corporate administration. The company was founded by Philip K.R. Pascall, Geoffrey Clive Newall, and Martin R. Rowley on December 21, 1983 and is headquartered in Vancouver, Canada.