Teck Resources Limited Class A · TSX:TECK.A
Teck Resources Limited Class A — Global Metals and Mining Conference 2024
14 slides from Teck Resources Limited Class A's conference presentation, May 14, 2024
Slide 1: Unrivalled Value Creation Opportunities
Unrivalled Value Creation Opportunities May 14, 2024 Jonathan Price President and Chief Executive Officer Global Metals and Mining Conference 1
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements Both these slides and the accompanying oral presentation contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate
Slide 3: Value Creation Strategy
Value Creation Strategy Capitalizing on strong demand in the transition to a low-carbon economy Maximize long-term sustainable shareholder value Focus on Unlock the value of Balance growth Sustainability excellence in industry leading and cash returns leadership operations and copper growth to share
Slide 4: Our Priorities
Our Priorities Complete sale of steelmaking coal - minority stake sale to Nippon Steel complete; regulatory approvals underway on majority sale to Glencore Drive safe operational performance across the portfolio, ensuring we deliver on our market commitments Consistent performance of QB at design ca
Slide 5: Transforming to a Pure-Play Base Metals Business
Transforming to a Pure-Play Base Metals Business Portfolio transformed towards 100% base metals QB drives significant EBITDA and cash flow growth Consensus Operating EBITDA Split*,1 (%) Illustrative Annual EBITDA* (C$B) 2023A 2025 +$0.5 Potential to generate >$5B US$5.00/lb Cu of annual base metals
Slide 6: Near-Term Development Options
Near-Term Development Options A balanced portfolio of greenfield and brownfield projects in well understood jurisdictions Highland Valley Mine Life Extension (Cu-Mo | Brownfield | British Columbia) Extending life of mine of Canada’s largest base metals mine Mine life extension of a highly productive
Slide 7: Disciplined Capital Allocation Framework
Disciplined Capital Allocation Framework Commitment to return 30-100% of available cash flow to shareholders* Balancing growth with cash returns to shareholders while maintaining a strong balance sheet Sustaining Base Supplemental Cash Flow Capital Dividend Shareholder Distributions including stripp
Slide 8: Considerations for Use of Transaction Proceeds
Considerations for Use of Transaction Proceeds Ensures Teck is well-positioned to unlock the full potential of our base metals business Maintain investment grade credit metrics through the cycle – targeting net debt to adjusted EBITDA* of 1.0x net debt gross Reduce to EBITDA* of maintain debt to 1.0
Slide 9: Value Creation Strategy Underpinned by Sustainability
Value Creation Strategy Underpinned by Sustainability Key Sustainability Achievements Key Goals and Recent Progress • Industry-leading sustainability assurance, with all Teck-operated base Climate Change metal operations awarded the relevant Mark verifications Target for net zero Scope 1 & 2 emissio
Slide 10: Long-term sustainable shareholder value
Value Creation Strategy Capitalizing on strong demand in the transition to a low-carbon economy Focus on Unlock the value of excellence in industry leading operations and copper growth projects Long-term sustainable Balance growth Sustainability shareholder and cash returns to shareholders leadershi
Slide 11: Endnotes
Endnotes Slide 5: Transforming to a Pure-Play Base Metals Business 1. Operating EBITDA for 2025 based on consensus estimates from 15 analyst models taken in April 2024. 2. QB illustrative EBITDA at midpoint of 2025-2027 production guidance of 285-310kt, midpoint of C1 cash costs of US$1.40-1.60/lb,
Slide 12: Non-GAAP Financial Measures and Ratios
Non-GAAP Financial Measures and Ratios Global Metals and Mining Conference
Slide 13: Non-GAAP Financial Measures and Ratios
Non-GAAP Financial Measures and Ratios Our financial results are prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board. This presentation includes reference to certain non-GAAP financial measures and non-GAAP ratios,
Slide 14: For further information, please contact
For further information, please contact our investor relations team or visit Teck.com investors@teck.com 1.877.759.6226 or 604.699.4257 Global Metals and Mining Conference
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