Teck Resources Limited Class A · TSX:TECK.A
Teck Resources Limited Class A — Global Metals, Mining and Steel Conference 2025
16 slides from Teck Resources Limited Class A's conference presentation, May 13, 2025
Slide 1: Global Metals, Mining and Steel Conference
GLOBAL METALS, MINING AND STEEL CONFERENCE May 13, 2025 Jonathan Price President and Chief Executive Officer
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: Responsible Growth and Value Creation
RESPONSIBLE Driven by our purpose and values, we will grow to become one of the world’s leading providers of GROWTH AND responsibly-produced critical minerals. VALUE CREATION Balancing growth with cash returns to shareholders Our strategy is focused around four pillars: METALS FOR THE VALUE-DRIVEN C
Slide 4: Focus on Our Value Creation Priorities
FOCUS ON OUR VALUE CREATION PRIORITIES Balancing growth and cash returns to shareholders 1 Ramp-up QB to steady state, including the molybdenum plant 2 Grow copper production, reduce unit costs, and improve margins 3 Continue to execute on the record authorized share buyback 4 Progress value-accreti
Slide 5: QB Is a Tier 1 Asset
1 QB IS A TIER 1 ASSET Expect ramp up to steady state by year end • Completion testing achieved - independent verification of design, construction, and operational capacity • Large, long-life deposit capable of supporting multiple expansions • Improving mill performance and recoveries to design rate
Slide 6: Growing Copper Production with Improving Margins
2 GROWING COPPER PRODUCTION WITH IMPROVING MARGINS Increase in copper production at lower costs in 2025 Copper Production Net Cash Unit Cost* Copper EBITDA Margin* Expansion (kt, contained copper) (US$/lb) (%, from operations) +10-27% 12-25% increase improvement 33% 42% 50% 2025 2023 2024 490- Conse
Slide 7: Strong Track Record of Cash Returns to Shareholders
3 STRONG TRACK RECORD OF CASH RETURNS TO SHAREHOLDERS Completed >50% of our $3.25B in authorized share buybacks Historical Cash Returns to Shareholders ($M) Additional Cash Returns to Shareholders ~$5.5B returned to shareholders since 20201 <$1.5B2 in authorized share buybacks remaining from $3.25B
Slide 8: Value-Accretive Growth
4 VALUE-ACCRETIVE GROWTH Significant growth expected in 2025; path to ~800 ktpa before end of the decade Value-Accretive Near-Term Copper Projects ~800 ktpa Quebrada Blanca Optimization & Debottlenecking (Cu-Mo-Ag | Brownfield | Chile | 60%) ~45-120 kt increase expected Optimizes value from a Tier 1
Slide 9: Strong Balance Sheet Provides Resilience
5 STRONG BALANCE SHEET PROVIDES RESILIENCE Enables continued value creation in current market conditions Net Cash* Position Strong Credit Ratings Debt Repayments1 (US$M) As at March 31, 2025 As at April 23, 2025 Outstanding note maturities are long dated $764M Investment 294/year 142 Grade 242 180 1
Slide 10: Teck's Commercial Strategy Enables Resilience
5 TECK’S COMMERCIAL STRATEGY ENABLES RESILIENCE Diversification provides optionality and mitigates potential tariff impacts Concentrate sales are diversified and to non-US customers1 Copper Concentrates Zinc Concentrates Finished & Specialty Metals Europe Americas (ex-US) Europe Americas (ex-US) 20%
Slide 11: Illustrative Accretive Growth on Per-Share Metrics
ILLUSTRATIVE ACCRETIVE GROWTH ON PER-SHARE METRICS Compound impact of copper growth and authorized share buybacks Stabilized QB and Share Buyback Program +34-51% QB Ramp Up +54% 2023 2024 2026E Long-Term (Est) Copper Production Increasing (kt Cu) 296 446 550-620 800+ number of Shares Outstanding1 sh
Slide 12: Appendix
APPENDIX 12
Slide 13: Endnotes
ENDNOTES SLIDE 6: GROWING COPPER PRODUCTION WITH IMPROVING MARGINS 1. 2025 consensus EBITDA margin calculated from 15 analyst models, as of April-May 2025. Margin calculated as consensus copper segmented EBITDA/copper revenues. SLIDE 7: STRONG TRACK RECORD OF CASH RETURNS TO SHAREHOLDERS 1. January
Slide 14: Non-GAAP Financial Measures and Ratios
NON-GAAP FINANCIAL Our financial results are prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International MEASURES Accounting Standards Board. This presentation includes reference to certain non-GAAP financial measures and non-GAAP ratios, which are n
Slide 15: Copper EBITDA Margin Reconciliation
COPPER EBITDA MARGIN RECONCILIATION Reconciliation between copper segmented profit, revenues and EBITDA margin C$M, copper segment 2023 2024 Profit (loss) before taxes from continuing operations 524 303 Net finance expense 56 664 Depreciation and amortization 553 1,356 EBITDA 1,133 2,323 EBITDA 1,13
Slide 16: Global Metals, Mining and Steel Conference
GLOBAL METALS, MINING AND STEEL CONFERENCE May 13, 2025 Jonathan Price President and Chief Executive Officer
Teck Resources — Global Metals, Mining and Steel Conference 2025 on 6ix