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Q2 2015 Results – Teck Resources Limited

Teck Resources Limited · Jul 23, 2015 · 14 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. Q2 2015 Results – Teck Resources Limited – slide 1
    Second Quarter 2015 Results July 23, 2015
  2. Q2 2015 Results – Teck Resources Limited – slide 2
    Strengthening Our Financial Position Ongoing focus on cost management and operational performance Announced coal production curtailments for Q3 Maintained annual coal cost guidance Gross profit1 improved in all business units in Q2…
  3. Q2 2015 Results – Teck Resources Limited – slide 3
    Quarterly Results Q2 2015 Revenue 2.0 Billion Gross profit 676 Million (before depreciation & amortization) EBITDA 596 Million Profit 63 Million (attributable to shareholders) Adjusted profit* 79 Million (attributable to…
  4. Q2 2015 Results – Teck Resources Limited – slide 4
    Q2 2015 Operational Highlights To Production Q2 2015 Q2 2014 Coal (Mt) 6.6 0.2 Copper (kt) 93 6 Higher production for all major Zinc in concentrate1 (kt) 179 22 products Zinc refined (kt) 75 3 Pend Oreille restart completed…
  5. Q2 2015 Results – Teck Resources Limited – slide 5
    Steelmaking Coal Sales (Mt) Realized Price (C/tonne) Revenue (CM) 0.3 5% 8% 6.8 6.5 122 833 116 764 Q2 2014 Q2 2015 Q2 2014 Q2 2015 Q2 2014 Q2 2015 Production (Mt) Unit Costs1 (C/tonne) Gross Profit2 (CM) 10% 0.2 92 83…
  6. Q2 2015 Results – Teck Resources Limited – slide 6
    Copper Sales (kt) Realized Price (US/lb) Revenue (CM) 10% 8% 10 3.07 704 97 2.76 650 87 Q2 2014 Q2 2015 Q2 2014 Q2 2015 Q2 2014 Q2 2015 Production (kt) Total Cash Unit Costs1 (US/lb) Gross Profit2 (CM) 9% 6 8% 1.64…
  7. Q2 2015 Results – Teck Resources Limited – slide 7
    Zinc Zinc Sales (kt) Lead Sales (kt) Revenue (CM) Conc1 Refined 5 1% 2% 6 93 530 88 526 0.96 0.98 78 72 Q2 2014 Q2 2015 Q2 2014 Q2 2015 Q2 2014 Q2 2015 Q2 2014 Q2 2015 Zinc Production (kt) Lead Production (kt) Gross…
  8. Q2 2015 Results – Teck Resources Limited – slide 8
    Fort Hills Update Ore Preparation Plant Extractions & Tailings Emergency Dump Pond Primary Separation North Rotary Thickener Train 1 Cells Mechanically Breaker Stabilized Earth Building Wall and Crusher Thickener Train 2…
  9. Q2 2015 Results – Teck Resources Limited – slide 9
    Cash Flow Cash Changes in Q2 2015 2500 329 2000 332 175 53 15 Millions 1500 1,567 1,327 1000 500 0 Cash - start of quarter Cash flow from PP&E, incl. Fort Hills Capitalized stripping Debt interest, principal…
  10. Q2 2015 Results – Teck Resources Limited – slide 10
    Pricing Adjustments Outstanding at Outstanding at June 30, 2015 March 31, 2015 Pounds (M) US/lb Pounds (M) US/lb Copper 251 2.60 214 2.73 Zinc 103 0.90 93 0.94 Negative pricing adjustments of 32M in Q2 2015 Simplified Pricing…
  11. Q2 2015 Results – Teck Resources Limited – slide 11
    Investment Grade Credit Rating S&P Moodys Fitch DBRS BBB BBB+ Baa1 BBB+ (high) Supported by: Investment Significant cost reductions Grade BBB BBB Baa2 BBB negative Capital discipline BBB- Baa3 BBB- BBB (low)…
  12. Q2 2015 Results – Teck Resources Limited – slide 12
    Significantly Enhanced Liquidity Total Liquidity1 7 6.8 Credit Facilities Additional No rating restrictions 6 1.5 Revolving One financial covenant Credit Facility 5 C billion 50% debt to debt+equity 4 Original 32% currently…
  13. Q2 2015 Results – Teck Resources Limited – slide 13
    Near-Term Priorities Focused on cost reductions and operating performance Maintaining a strong financial position Expect to achieve year-end cash balance of at least 1B1 14 1. Assumes current commodity prices, CAD/USD…
  14. Q2 2015 Results – Teck Resources Limited – slide 14
    Second Quarter 2015 Results July 23, 2015

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