Taseko Mines Limited · TSX:TKO
Taseko Mines — Shareholder Meeting (June 2014)
16 slides from Taseko Mines's shareholder meeting presentation, Jun 11, 2014
Slide 1: Annual General Meeting
Annual General Meeting Building Value Through Operating and Developing Major Mining Projects June 11, 2014 1
Slide 2: Forward Looking Statement
Forward Looking Statement Some of the statements contained in the following material are "forward‐ looking statements". All statements in this release, other than statements of historical facts, that address estimated mineral resource and reserve quantities, grades and contained metal, and possible
Slide 3: 2013 – Strong Headwinds: Copper
2013 – Strong Headwinds Declining Commodity Markets Copper $4.00 Down 7% $3.00 $2.00 $1.00 Jan‐13 Apr‐13 Jul‐13 Oct‐13 3
Slide 4: 2013 – Strong Headwinds: Molybdenum
2013 – Strong Headwinds Declining Commodity Markets Molybdenum $12.00 Down 18% $10.00 $8.00 $6.00 $4.00 Jan‐13 Apr‐13 Jul‐13 Oct‐13 4
Slide 5: 2013 – Strong Headwinds: Iron Ore
2013 – Strong Headwinds Declining Commodity Markets Iron Ore $160.00 Down 8% $140.00 $120.00 $100.00 $80.00 Jan‐13 Apr‐13 Jul‐13 Oct‐13 5
Slide 6: 2013 – Strong Headwinds: Nickel
2013 – Strong Headwinds Declining Commodity Markets Nickel $10.00 Down 23% $8.00 $6.00 $4.00 $2.00 Jan‐13 Apr‐13 Jul‐13 Oct‐13 6
Slide 7: 2013 – Strong Headwinds: S&P/TSX Global Mining
2013 – Strong Headwinds Declining Equity Markets S&P/TSX Global Mining 100 Down 20% 80 60 40 Jan‐13 Apr‐13 Jul‐13 Oct‐13 7
Slide 8: 2013 – Strong Headwinds: S&P/TSX Div. Metals & Mining
2013 – Strong Headwinds Declining Equity Markets S&P/TSX Div. Metals & Mining 1,100 1,000 Down 22% 900 800 700 600 Jan‐13 Apr‐13 Jul‐13 Oct‐13 8
Slide 9: 2013 – Strong Headwinds: S&P/TSX Global Gold
2013 – Strong Headwinds Declining Equity Markets S&P/TSX Global Gold 350 300 Down 48% 250 200 150 100 Jan‐13 Apr‐13 Jul‐13 Oct‐13 9
Slide 10: LTM – Making up Ground
LTM – Making up Ground Positive Trend 120 S&P/TSX Global Mining – Up 7% Taseko ‐Up 8% Peers – Up 7% 100 Copper – Down 8% S&P/TSX Global Gold – Down 10% 80 May‐13 Aug‐13 Nov‐13 Feb‐14 May‐14 Taseko Copper S&P/TSX Global Mining S&P/TSX Global Gold Peers 10
Slide 11: Cash Flow Superfecta
Superfecta • Increasing Production • 34% in 2013 (90 ‐ 121 Mlbs) • Modern, world class mine Production • Low geopolitical risk • Strong, stable copper price • Supported by declining inventories Copper Cash Operating Price Costs Flow • Decreased operating costs • 20% in 2013 (~$13.00 ‐ $10.50) • Weak
Slide 12: Increasing Production
Increasing Production 180 150 250% Increase in Copper Production Copper Production (millions of lbs) 120 90 60 30 0 2006 2007 2008 2009 2010 2011 2012 2013 2014* 2015 Note: Production amounts are on a 100% basis. *2014 is based on annualized first quarter production and not an estimate. 12
Slide 13: Copper Fundamentals
Copper Fundamentals Taseko» Copper demand going forward.. & 8 & R ~—~Historic copper consumption ==—=At 80's onwards growth rate of 2.5% ——China at 6% growth, ROW at 0% Global copper demand (Mt) a 8 -_ o ae China at 6% growth, ROW at 2.5% growth 0 SSS SSS T 1900 1910 1920 1930 1940 1950 1960 1970 19
Slide 14: Copper Fundamentals
Copper Fundamentals Taseko) Copper is now setting the stage for the next boom -- Goldman less than half of the top 60 copper project volumes meet their incentive price at or below $6,600/t $it 10,000 5 To meet the c.4-5mt incremental refined copper demand required by 2020, incentive 9,500 + price ne
Slide 15: Taseko's Growth Strategy
Taseko’s Growth Strategy Create shareholder value by optimizing Gibraltar cash flow and through prudent investments Maximize Gibraltar Grow revenue organically through the recently completed GDP3 Project Cash Flow Enhance margins through operating improvements and cost efficiencies Invest in Develop
Slide 16: Thank you.
Thank you. 16