Teck(TECK)

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Teck(TECK) - 2022 Q3 - Earnings Call Presentation
2022-10-27 16:58
Third Quarter 2022 Results Global Metals and Mining Conference 1 October 27, 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 ...
Teck(TECK) - 2022 Q2 - Earnings Call Presentation
2022-07-28 00:11
| --- | --- | --- | |-----------------------------|-------|-------| | | | | | Second Quarter 2022 Results | | | 1 1 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 f ...
Teck(TECK) - 2022 Q2 - Earnings Call Transcript
2022-07-27 19:50
Teck Resources Limited (NYSE:TECK) Q2 2022 Results Conference Call July 27, 2022 11:00 AM ET Â Â Company Participants Fraser Phillips - SVP, IR and Strategic Analysis Don Lindsay - President and CEO Jonathan Price - EVP and CFO Red Conger - EVP and COO Réal Foley - SVP, Marketing and Logistics Amparo Cornejo - VP, Corporate Affairs and Sustainability, South America Robin Sheremeta - SVP, Coal Conference Call Participants Greg Barnes - TD Securities Dalton Baretto - Canaccord Genuity Lawson Winder - Bank of ...
Teck(TECK) - 2022 Q2 - Quarterly Report
2022-06-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K 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 under cover of Form 20-F or Form 40- F. Form 20-F Form 40-F X Indicate by check mark if the registrant is submitting the Form 6-K ...
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 ...