Teck(TECK)

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Teck(TECK) - 2022 Q1 - Earnings Call Presentation
2022-04-28 13:15
First Quarter 2022 Results April 27, 2022 Teck 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 to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anti ...
Teck(TECK) - 2022 Q1 - Earnings Call Transcript
2022-04-27 18:41
Teck Resources Limited (NYSE:TECK) Q1 2022 Earnings Conference Call April 27, 2022 11:00 AM ET Company Participants Fraser Phillips - Senior Vice President, Investor Relations and Strategic Analysis Don Lindsay - President and CEO Jonathan Price - Executive VP and CFO Shehzad Bharmal - Senior Vice President of Base Metals, North America and Peru Red Conger - Executive Vice President and Chief Operating Officer Real Foley - SVP of Marketing and Logistics Conference Call Participants Orest Wowkodaw - Scotia B ...
Teck(TECK) - 2022 Q1 - Quarterly Report
2022-03-17 16:00
Financial Performance - Record revenue of $13.5 billion in 2021, an increase of 1.5 times compared to 2020[18] - Adjusted profit attributable to shareholders reached $3.1 billion, or $5.74 per share, more than double the previous year[18] - The company reported a revenue of CAD 13,481 million in 2021, a significant increase from CAD 8,948 million in 2020[62] - Gross profit for 2021 reached $5,081 million, compared to $1,333 million in 2020, indicating a substantial improvement in profitability[204] - Basic earnings per share for 2021 were $5.39, a recovery from a loss of $1.62 per share in 2020[204] Cash Flow and Operations - Cash flows from operations totaled $4.7 billion, increasing cash balance to $1.4 billion by year-end[18] - Capital spending in 2021 included $475 million for sustaining capital and $440 million for growth capital, including $350 million for the Neptune upgrade project[139] - Capital expenditures for 2022 are estimated at approximately $785 million, including $280 million for sustaining capital related to water treatment, aiming to increase water treatment capacity to 77.5 million litres per day by year-end[167] Production and Sales - Teck produced 287,300 tonnes of copper in 2021, maintaining production levels similar to 2020[63] - Teck's steelmaking coal production in 2021 was 24.6 million tonnes, with an estimated production of 25.0 million tonnes for 2022[59] - Sales volumes for steelmaking coal increased to 23.4 million tonnes in 2021, up from 21.9 million tonnes in 2020[136] - The company's share of production at the Fort Hills oil sands mine was 7.3 million barrels of bitumen in 2021, with a gross loss of $133 million, an improvement from a $326 million loss in 2020[170] - The company expects annual production from Fort Hills to be approximately 33,000 to 39,400 barrels per day in 2022, an increase of about 85% compared to 2021 production[194] Commodity Prices and Market Trends - Copper prices on the LME averaged $4.23 per pound in 2021, up from $2.80 per pound in 2020[95] - The average realized price for steelmaking coal increased by 85% to USD 209 per tonne in 2021[61] - Zinc prices on the London Metal Exchange averaged US$1.36 per pound in 2021, the highest annual average since 2007[120] - Global refined zinc demand rose by 7.1% in 2021, reaching 14.1 million tonnes, driven by stronger demand from construction and renewable energy sectors[123] Sustainability and Environmental Initiatives - Teck aims to become a carbon-neutral operator by 2050, reflecting its commitment to sustainability[23] - Teck's Elk Valley Water Quality Plan will increase water treatment capacity to 77.5 million litres per day, a fourfold increase from 2020[43] - Teck's sustainability-linked credit facility of US$4 billion was established to integrate performance against sustainability goals[34] - The company aims to achieve net-zero emissions by 2050, with initiatives including the deployment of 30 zero-emission haul trucks starting in 2027[42] Project Developments - Quebrada Blanca Phase 2 project reached 77% completion, with first production expected in the second half of 2022[18] - Neptune terminal upgrades completed, enhancing the steelmaking coal supply chain[18] - Quebrada Blanca Phase 2 project is expected to produce between 240,000 and 300,000 tonnes of copper in concentrate per year from 2023 to 2025[83] Exploration and Future Plans - Exploration expenditures for 2021 were $65 million, up from $45 million in 2020, focusing on copper, zinc, and gold[199] - The company plans to drill early-stage copper projects in Chile, Peru, and the United States in 2022[201] Production Costs and Financial Outlook - Adjusted site cash cost of sales for 2022 is projected to be between $72 and $77 per tonne, reflecting inflationary pressures and increased costs related to insurance and profit-based compensation[162] - Transportation unit costs in 2022 are expected to range from $43 to $46 per tonne, influenced by inflationary conditions and logistics interruptions from late 2021[164] - Annual adjusted operating costs are projected to be $26 to $30 per barrel in 2022, a decrease of close to 40% compared to 2021[194]
Teck(TECK) - 2021 Q4 - Earnings Call Presentation
2022-03-01 14:08
Fourth Quarter 2021 Results February 24, 2022 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 to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "antic ...
Teck(TECK) - 2021 Q4 - Earnings Call Transcript
2022-02-24 17:58
Teck Resources Limited (NYSE:TECK) Q4 2021 Earnings Conference Call February 24, 2022 11:00 AM ET Company Participants Fraser Phillips - Senior Vice President, Investor Relations & Strategic Analysis Don Lindsay - President & Chief Executive Officer Jonathan Price - Chief Financial Officer Red Conger - Executive Vice President and Chief Operating Officer Shehzad Bharmal - Senior Vice President, Base Metals Réal Foley - Senior Vice President-Marketing and Logistics Amparo Cornejo - Vice President, Chile Sust ...
Teck(TECK) - 2021 Q3 - Earnings Call Presentation
2021-11-01 12:55
Third Quarter 2021 Results October 27, 2021 Caution Regarding Forward-Looking Statements Both these slides and the accompanying oral presentation certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "p ...
Teck(TECK) - 2021 Q3 - Earnings Call Transcript
2021-10-27 20:12
Teck Resources Limited (NYSE:TECK) Q3 2021 Earnings Conference Call October 27, 2021 11:00 AM ET Company Participants Fraser Phillips – Senior Vice President-Investor Relations and Strategic Analysis Don Lindsay – President and Chief Executive Officer Jonathan Price – Chief Financial Officer Robin Sheremeta – Senior Vice President-Coal Shehzad Bharmal – Senior Vice President-Base Metals, North America and Peru Réal Foley – Senior Vice President-Marketing and Logistics Red Conger – Executive Vice President a ...
Teck(TECK) - 2021 Q2 - Earnings Call Transcript
2021-07-27 20:28
Teck Resources Limited (NYSE:TECK) Q2 2021 Earnings Conference Call July 27, 2021 11:00 AM ET Company Participants Fraser Phillips - Senior Vice President, Investor Relations & Strategic Analysis Don Lindsay - President & Chief Executive Officer Jonathan Price - Chief Financial Officer Robin Sheremeta - Senior Vice President, Coal Real Foley - Senior Vice President, Marketing & Logistics Red Conger - Executive Vice President & Chief Operating Officer Conference Call Participants Orest Wowkodaw - Scotiabank ...
Teck(TECK) - 2021 Q2 - Earnings Call Presentation
2021-07-27 16:41
Second Quarter 2021 Results July 27, 2021 Caution Regarding Forward-Looking Statements Both these slides and the accompanying oral presentation certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "pla ...
Teck(TECK) - 2021 Q2 - Quarterly Report
2021-06-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 Dated: June 30, 2021 Commission File Number: 001-13184 TECK RESOURCES LIMITED (Exact name of registrant as specified in its charter) Suite 3300 – 550 Burrard Street, Vancouver, British Columbia V6C 0B3 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports un ...