{"id":455326,"date":"2021-03-10T17:03:21","date_gmt":"2021-03-10T22:03:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=455326"},"modified":"2021-03-10T17:03:21","modified_gmt":"2021-03-10T22:03:21","slug":"franco-nevada-announces-record-annual-results-and-dividend-increase","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/franco-nevada-announces-record-annual-results-and-dividend-increase\/","title":{"rendered":"Franco-Nevada Announces Record Annual Results and Dividend Increase"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n (in U.S. dollars unless otherwise noted)<\/i>\n <\/p>\n

\n Two new acquisitions increase growth outlook<\/b>\n <\/p>\n

\n TORONTO<\/span>, March 10, 2021<\/span> \/PRNewswire\/ –\u00a0“In 2020, the challenges of the COVID-19 pandemic highlighted the diversity of our portfolio, the commitment of our staff, and the resolve of the employees and communities at our assets,” stated Paul Brink<\/span>, CEO. “With record precious metals prices through the year and the recovery of energy prices in the second half of the year, Franco-Nevada generated record financial results. We are pleased to announce a new precious metals stream on the Condestable copper mine in Peru<\/span> and the acquisition of a portfolio of natural gas royalties in the Haynesville play in Texas<\/span>. We expect strong growth in 2021 and over the next 5 years, driven by the ongoing Cobre Panama ramp-up, the two newly acquired assets and from broad organic growth across the portfolio. On the strength of this outlook, we are increasing the quarterly dividend to\u00a0<\/b>$0.30<\/span>\/share starting with our second quarter dividend payment in June which will be declared in May. We are proud that this 15.4%\u00a0<\/b>increase will mark our 14th<\/sup> annual dividend increase. We have also strengthened our commitment to increase diversity at Franco-Nevada by adopting a goal of at least 40% diverse representation at the Board and senior management levels.”<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Q4\/2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Record annual results<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n vs<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Strong Q4 results<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n vs<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 2019<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Q4\/2019<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n GEOs1<\/sup> sold<\/span>\n <\/p>\n<\/td>\n

\n

\n 521,564<\/span>\n <\/p>\n<\/td>\n

\n

\n +1%<\/span>\n <\/p>\n<\/td>\n

\n

\n 147,476<\/span>\n <\/p>\n<\/td>\n

\n

\n -4%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n $1,020.2 million<\/span>\n <\/p>\n<\/td>\n

\n

\n +21%<\/span>\n <\/p>\n<\/td>\n

\n

\n $304.5 million<\/span>\n <\/p>\n<\/td>\n

\n

\n +18%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income<\/span>\n <\/p>\n<\/td>\n

\n

\n $326.2 million ($1.71\/share)<\/span>\n <\/p>\n<\/td>\n

\n

\n -5%<\/span>\n <\/p>\n<\/td>\n

\n

\n $176.7 million ($0.93\/share)<\/span>\n <\/p>\n<\/td>\n

\n

\n +56%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted Net Income2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $516.3 million ($2.71\/share)<\/span>\n <\/p>\n<\/td>\n

\n

\n +51%<\/span>\n <\/p>\n<\/td>\n

\n

\n $163.0 million ($0.85\/share)<\/span>\n <\/p>\n<\/td>\n

\n

\n +47%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted EBITDA3<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $839.6 million<\/span>\n <\/p>\n<\/td>\n

\n

\n +25%<\/span>\n <\/p>\n<\/td>\n

\n

\n $253.7 million<\/span>\n <\/p>\n<\/td>\n

\n

\n +26%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0Strong Financial Position<\/b><\/p>\n