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First Quarter 2018 Results April 24, 2018
First Quarter 2018 Results
April 24, 2018Forward Looking Information
Both these slides andtheaccompanying oralpresentation contain certain forward -looking statements within themeaning oftheUnited States Private Securities Litigation Reform Actof1995 andforward -looking information within the
meaning oftheSecurities Act(Ontario). Forward -looking statements canbeidentified bytheuseofwords such as“plans”, “expects” or“does notexpect”, “isexpected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”
or“does notanticipate”, or“believes”, orvariation ofsuch words andphrases orstate thatcertain actions, events orresults “may”, “could”, “should”, “would”, “might” or“will” betaken, occur orbeachieved. Forward-looking statements
involve known andunknown risks, uncertainties andother factors which may cause theactual results, performance orachievements ofTeck tobematerially different from anyfuture results, performance orachievements expressed or
implied bytheforward-looking statements.
The forward- looking statements inthese slides andtheoralpresentation include estimates, forecasts, andstatements astomanagement’s expectations with respect to,among other matters, business unitproduction guidance andcost
guidance and theassumptions underlying ourguidance, expectations forproduction ateach ofouroperations, sales guidance, timing offinal sanctioning oftheNeptune Facility upgrade, QB2 project timing expectations, Fort Hills
commercial and fullproduction expectations, theresults oftheNuevaUnión prefeasibility study, including allforecast mineral reserve and resource, economic, operating and production projections and expectations forfuture
performance, other projections ontheslide “NuevaUnión Pre-Feasibility Study Results”, timing ofWaneta Dam closing andexpectation thatitwillclose, timing ofmilestones forourgrowth projects described ontheslide titled “Creating
Value byAdvancing Growth Projects”, andourexpectation thatourcredit lines willbeavailable tobedrawn .
These forward -looking statements involve numerous assumptions, risks anduncertainties andactual results may vary materially .These statements arebased onanumber ofassumptions, including, butnotlimited to,assumptions regarding
general business andeconomic conditions, interest rates, thesupply anddemand for,inventories of,andthelevel andvolatility ofprices ofcoal, copper, zinc andother primary metals andminerals produced byTeck aswellasoil,natural
gasandpetroleum products, thetiming ofreceipt ofregulatory andgovernmental approvals forTeck’s development projects andother operations, Teck’s costs ofproduction andproduction andproductivity levels, aswell asthose ofits
competitors, power prices, market competition, theaccuracy ofTeck’s reserve estimates (including, with respect tosize, grade andrecoverability) andthegeological, operational andprice assumptions onwhich these arebased, tax
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203 Pages