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First Quarter 2014 Results – Teck Resources Limited

Teck Resources Limited · Apr 22, 2014 · 17 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. First Quarter 2014 Results – Teck Resources Limited – slide 1
    First Quarter 2014 Results April 22, 2014
  2. First Quarter 2014 Results – Teck Resources Limited – slide 2
    Forward Looking Information Both these slides and the accompanying oral presentation contain certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking…
  3. First Quarter 2014 Results – Teck Resources Limited – slide 3
    Overview Market Good demand for all principal products Uneconomic supply of steelmaking coal is impacting prices Teck Increased efforts to reduce operating costs and capital expenditures Strong financial position Semi-annual…
  4. First Quarter 2014 Results – Teck Resources Limited – slide 4
    Q1 2014 Highlights Production To Q1 2014 (000s tonnes) Q1 2013 Higher production volumes for major Coal 6,730 496 products Copper 85 2 - Record for monthly coal production in January Zinc in concentrate 163 16 - Increased…
  5. First Quarter 2014 Results – Teck Resources Limited – slide 5
    Profitability Adjusted Profit (M) 120 +21 (2) 105 100 Q1 To +9 (M) +8 2014 Q1 2013 80 69 Gross profit1 732 262 Millions 60 EBITDA 557 345 Profit attributable 40 69 250 to shareholders 20 Adjusted profit 105 223 0 Profit…
  6. First Quarter 2014 Results – Teck Resources Limited – slide 6
    Steelmaking Coal Average Realized Price Sales (Mt) Revenue (CM) (C/tonne) 6.6 6.2 1,060 161 143 880 Q1 2013 Q1 2014 Q1 2013 Q1 2014 Q1 2013 Q1 2014 Production (Mt) Cash Unit Costs (C/tonne) Gross Profit1 (CM) 95 516…
  7. First Quarter 2014 Results – Teck Resources Limited – slide 7
    Copper Sales (kt) Realized Price (US/lb) Revenue (CM) 3.55 82 83 3.25 684 652 Q1 2013 Q1 2014 Q1 2013 Q1 2014 Q1 2013 Q1 2014 Production (kt) Total Cash Unit Costs1 (US/lb) Gross Profit2 (CM) 85 351 83 1.62 318…
  8. First Quarter 2014 Results – Teck Resources Limited – slide 8
    Highland Valley Mill Optimization Throughput exceeds expectations Designed for: 130 ktpd Average in March: 139 ktpd Highest day: 175 ktpd 8
  9. First Quarter 2014 Results – Teck Resources Limited – slide 9
    Highland Valley Mill Optimization Supports mining through at least 2027 Increase in mill throughput of 10% Improvement in recovery Copper production 15 ktpa higher 9
  10. First Quarter 2014 Results – Teck Resources Limited – slide 10
    Zinc Sales (kt) Realized Price (US/lb) Revenue (CM) Conc Refined 2% 0.93 0.91 585 148 551 124 73 62 Q1 2013 Q1 2014 Q1 2013 Q1 2014 Q1 2013 Q1 2014 Q1 2013 Q1 2014 Production (kt) Costs (CM) Gross Profit1 (CM) Conc…
  11. First Quarter 2014 Results – Teck Resources Limited – slide 11
    Pend Oreille Restart Further life of 5y expected Annual production of 44kt zinc in concentrate PHOTO TO FOLLOW 11
  12. First Quarter 2014 Results – Teck Resources Limited – slide 12
    Energy Fort Hills Update On schedule Spending consistent with the project budget Tecks share of cash spending1 - 2014 estimate: 850M - Q1 2014 actual: 114M Fort Hills Project. Credit: Ledcor Group 12 1. Including…
  13. First Quarter 2014 Results – Teck Resources Limited – slide 13
    Cash Cash Changes in Q1 2014 (M) 3500 +75 (400) +470 (204) 3000 2,772 (259) (172) 2500 104 2,386 Millions 2000 1500 1000 500 0 Cash - start of Cash flow from Working capital PP&E, incl. Fort Capitalized…
  14. First Quarter 2014 Results – Teck Resources Limited – slide 14
    Pricing Adjustment Simplified Pricing Adjustment Model Negative pricing adjustment of (63M) in Q1 2014 100 Q1 2012 Driven by quarterly change in Pre-tax Settlement Adjustment ( millions) commodity prices 50 Q3 2012 -…
  15. First Quarter 2014 Results – Teck Resources Limited – slide 15
    Operating Cost & Capex Reductions Exceeded initial goals of our cost reduction program - Realized 345M in ongoing annual operating cost savings to date Increasing efforts to reduce operating costs and capex - Targeting 200M in…
  16. First Quarter 2014 Results – Teck Resources Limited – slide 16
    Near-Term Priorities Focusing intensely on further cost reductions Reducing capital expenditures Deferring restart of Quintette met coal mine Executing restart of Pend Oreille zinc-lead mine 16
  17. First Quarter 2014 Results – Teck Resources Limited – slide 17
    Investor Relations Contacts www.teck.com/investor investorsteck.com Telephone: +604-699-4257 or toll-free (Canada & US) 1-877-759-6226 Best Investor Relations In Sector: Materials 17

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