Teck Resources Investor Presentation — October 2018

Document content

Third Quarter 2018 Results

October 25, 2018Caution Regarding Forward- Looking Statements

Both these slides andtheaccompanying oralpresentation contain certain forward -looking statements within themeaning oftheUnited States Private Securities Litigation Reform Actof1995 andforward-

looking information within themeaning 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 and phrases orstate that certain actions, events orresults “may”, “could”,

“should”, “would”, “might” or“will” betaken, occur orbeachieved. Forward -looking statements involve known and unknown risks, uncertainties and other factors which may cause theactual results,

performance orachievements ofTeck tobematerially different from anyfuture results, performance orachievements expressed orimplied bytheforward-looking statements .

Theforward-looking statements inthese slides andtheoralpresentation include estimates, forecasts, andstatements astomanagement’s expectations andguidance with respect to,among other matters,

business unitandcommodity production guidance, cost guidance, expectations forproduction ateach ofouroperations, sales guidance, timing ofannouncement ofaQB2partnership transaction, timing of

potential QB2 sanction, timing offullproduction atFortHills, theexpectations underlying ourguidance, ourexpectations regarding theprojects andtransactions described ontheslide titled “Looking Forward

Multiple catalyst/valuation milestones”, ourexpectation thatourcredit lines willbeavailable tobedrawn andourexpectations regarding ourbusiness andmarkets .

These forward-looking statements involve numerous assumptions, risks anduncertainties andactual results may vary materially .These statements arebased onanumber ofassumptions, including, butnot

limited 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, aswellasthose ofitscompetitors, power prices, market competition, theaccuracy ofTeck’s reserve estimates (including, with

respect tosize, grade andrecoverability) andthegeological, operational andprice assumptions onwhich these arebased, taxbenefits, theresolution ofenvironmental andother proceedings, assumptions