Deutsche Bank 9th Annual Global Industrials & Materials Summit

Global Industrials & Materials Summit
June 6, 2018

Forward Looking Information
Both these slides and the accompanying oral presentations contain certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and
forward-looking information within the meaning of the Securities Act (Ontario) (collectively referred to herein as forward-looking statements). Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. These forward-looking statements include statements relating to our long-term strategies and priorities, statements regarding
Teck being a compelling value, the EBITDA potential of Quebrada Blanca Phase 2 and Teck’s energy business, future commodity price expectations, expectations regarding the supply and
demand for our commodities, long-life of our assets and positioning on the cost curve and low risk of the jurisdictions in which they are located, growth potential for our commodities, expectations
regarding operating costs, liquidity and availability of undrawn credit lines, expectations regarding our Red Dog VIP2 project, Highland Valley D3 project, procurement strategy and Neptune
Terminals expansion, the statement that our projects will have significant free cash flow even at lower prices and other statements regarding projected cash availability and cash flow, statement that
the Waneta dam sale will close and the timing of closing, the statement that our projects will have significant free cash flow even at lower prices and other statements regarding projected cash
availability and cash flow, statement that the Waneta dam sale will close and the timing of closing, growth expectations for our Energy business units, all expectations set out on the “Creating Value
by Advancing Growth Projects” slide and accompanying discussion, all expectations set out on the “Value Potential” slide and accompanying discussion, all production guidance, all sales guidance,
all cost guidance, capital expenditure guidance, estimated profit and estimated EBITDA and the sensitivity of estimated profit and estimated EBITDA to foreign exchange and commodity prices,
amount of coal reserves and production guidance, potential growth opportunities, our sustainability goals, including emission reduction goals, value potential and potential cost savings associated
with our innovation strategy, including regarding smart shovels and the potential to add significant free cash flow at HVC, autonomous haul truck benefits, expectation that our coal reserves support
approximately 27 million tonnes of production for many years, expected margin capture at our coal business unit, strip ratio expectations, expectation of capital spend reduction, water sustaining
capital cost projections, potential port capacity expansions and Neptune Facility upgrade timing and benefits, expectations for our Highland Valley Copper 2040 Project, including potential mine life
extension, all expectations and projections regarding our potential production on the “Growth Potential: QB2, NuevaUnión, Project Satellite” slide and accompanying discussion, all projections for
our Quebrada Blanca Phase 2 project including those on the slides titled “QB2: Potential Tier One Asset”, “QB2: Bottom Half of C1+Sustaining Cost Curve”, “QB2: Competitive Capital Intensity”, all
prefeasibility results presented on the slide titled “NuevaUnión Prefeasibility Study Results”, all statements regarding our expectations regarding our Project Satellite properties, including future
spending and potential mine life, expectations regarding our potential zinc projects, including Aktigiruq, anticipated benefits of our VIP2 project at Red Dog, Fort Hills start-up and cost
expectations, expectation that Fort Hills will generate significant cash inflow, expected Fort Hills operating costs, projected netback, and management’s expectations with respect to production,
demand and outlook regarding coal, copper, zinc and energy. The EV/EBITDA ratios presented in these slides is based on a EBITDA measure sourced from Capital IQ in order to ensure
comparability between Teck and the peer groups presented. EV/EBITDA is a metric used in the finance industry to measure the value of a company and the EBITDA component is not being
presented as a measure of historic results.
The forward-looking statements in these slides and accompanying oral presentation are based on assumptions regarding, including, but not limited to, general business and economic conditions,
the supply and demand for, deliveries of, and the level and volatility of prices of, zinc, copper and coal and other primary metals and minerals as well as oil, and related products, the timing of the
receipt of regulatory and governmental approvals for our development projects and other operations, our costs of production and production and productivity levels, as well as those of our
competitors, power prices, continuing availability of water and power resources for our operations, market competition, the accuracy of our reserve estimates (including with respect to size, grade
and recoverability) and the geological, operational and price assumptions on which these are based, conditions in financial markets, the future financial performance of the company, our ability to
attract and retain skilled staff, our ability to procure equipment and operating supplies, positive results from the studies on our expansion projects, our coal and other product inventories, our ability
to secure adequate transportation for our products, our ability to obtain permits for our operations and expansions, our ongoing relations with our employees and business partners and joint
venturers. Reserve and resource life estimates assume the mine life of longest lived resource in the relevant commodity is achieved, assumes production at planned rates and in some cases
development of as yet undeveloped projects. Assumptions are also included in the footnotes to various slides.
2

Forward Looking Information
Management’s expectations of mine life are based on the current planned production rates and assume that all reserves and resources described in this presentation are developed. Certain forward-looking
statements are based on assumptions disclosed in footnotes to the relevant slides. Our estimated profit and EBITDA and EBITDA sensitivity estimates are based on the commodity price and currency exchange
assumptions stated on the relevant slide or footnote. Cost statements are based on assumptions noted in the relevant slide or footnote. Assumptions regarding our potential reserve and resource life assume
that all resources are upgraded to reserves and that all reserves and resources could be mined. Statements regarding future production are based on the assumption of project sanctions and mine
production. Statements regarding Quebrada Blanca Phase 2 assume the project is developed in accordance with its feasibility study and subsequent developments. Payment of dividends is in the
discretion of the board of directors. Our Elk Valley Water Quality Plan statements are based on assumptions regarding the effectiveness of current technology, and that it will perform as expected.
The foregoing list of assumptions is not exhaustive. Factors that may cause actual results to vary materially include, but are not limited to, changes in commodity and power prices, changes in
market demand for our products, changes in interest and currency exchange rates, acts of foreign governments and the outcome of legal proceedings, inaccurate geological and metallurgical
assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), unanticipated operational difficulties (including failure of plant, equipment or processes
to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals,
industrial disturbances or other job action, adverse weather conditions and unanticipated events related to health, safety and environmental matters), union labour disputes, political risk, social
unrest, failure of customers or counterparties (including but not limited to rail, port and other logistics providers) to perform their contractual obligations, changes in our credit ratings or the financial
market in general, unanticipated increases in costs to construct our development projects, difficulty in obtaining permits or securing transportation for our products, inability to address concerns
regarding permits of environmental impact assessments, changes in tax benefits or tax rates, resolution of environmental and other proceedings or disputes, and changes or deterioration in general
economic conditions. We will not achieve the maximum mine lives of our projects, or be able to mine all reserves at our projects, if we do not obtain relevant permits for our operations. Our Fort
Hills project is not controlled by us and construction and production schedules may be adjusted by our partners. NuevaUnión is jointly owned. Unanticipated technology or environmental interactions
could affect the effectiveness of our Elk Valley Water Quality Plan strategy. The effect of the price of oil on operating costs will be affected by the exchange rate between Canadian and U.S. dollars.
Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products
develops as anticipated, that customers and other counterparties perform their contractual obligations, that operating and capital plans will not be disrupted by issues such as mechanical failure,
unavailability of parts and supplies, labour disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are no material unanticipated variations in the cost of
energy or supplies.
Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products
develops as anticipated, that customers and other counterparties perform their contractual obligations, that operating and capital plans will not be disrupted by issues such as mechanical failure,
unavailability of parts and supplies, labour disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are no material unanticipated variations in the cost of
energy or supplies. Statements regarding anticipated steelmaking coal sales volumes and average steelmaking coal prices depend on timely arrival of vessels and performance of our steelmaking
coal-loading facilities, as well as the level of spot pricing sales.
We assume no obligation to update forward-looking statements except as required under securities laws. Further information concerning assumptions, risks and uncertainties associated with these
forward-looking statements and our business can be found in our most recent Annual Information Form, as well as subsequent filings of our management’s discussion and analysis of quarterly
results and other subsequent filings, all filed under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov).
3

Our Value Proposition
4
Strong Execution Solid Financial Position Disciplined Capital Allocation
• Premier operating assets
• Proven track record
• Enhancing profitability
• Significant liquidity
• Strong cash flow
• Debt reduction accomplished
• Asset portfolio optimization
• Strong history of returning
cash to shareholders
• Attractive growth potential
The right commodities at the right time
Compelling value

Value Potential
5
Multiple Normalization Quebrada Blanca 2 Energy Business
• Current Teck EV/EBITDA multiple
of 4.6x1
• Historical Teck EV/EBITDA
multiple of 5.5-6.5x1
• Current peer EV/EBITDA multiple
of 5.8-6.8x1
• EBITDA potential of
~US$1.3B at US$3.50/lb
copper2
• EBITDA potential at full
production of ~C$670M at
US$83/bbl WTI and
US$11/bbl WTI-WCS
differential3
• Resource upside at
Frontier and Lease 421
• Historical energy
EV/EBITDA multiple of
8.0-10.0x4
Teck’s trailing 12-month
EBITDA is ~C$10.00/share
~C$2.85/share
EBITDA potential2
~C$1.20/share
EBITDA potential3

50
100
150
200
250
300
350
US$/tonne
HCC Price Futures Prices Average Price Since 2008 US$180/t
The Right Commodities at the Right Time
Coal Price Assessments1
Ten-Year Average Price
US$180
Steelmaking Coal Zinc Copper
Outperforming market expectations
• Average steelmaking coal price over past 10 years
US$180/tonne; US$197/tonne in real terms1
• Forward curve >US$160/tonne through 20211
Structural deficit
set to continue
Mine production
to peak in 2020
& structural deficit
to emerge
6

Premier Operating Assets
7
Steelmaking Coal Zinc Copper Energy
Primary Assets:
Elk Valley mines
Primary Asset:
Red Dog
Primary Assets: Antamina,
Highland Valley, Carmen de
Andacollo
Primary Asset:
Fort Hills
• High quality steelmaking
coal
• Long life
• Upper half of margin curve
• $20.2B of Adjusted
EBITDA since the Fording
acquisition1
• Long life
• Bottom quartile of cost
curve
• Strong market position
• Outstanding potential at
Aktigiruq
• Long life
• Bottom half of cost curve2
• Multiple opportunities for
growth - QB2,
NuevaUnión, San Nicolás,
Zafranal
• Long life
• Higher quality, lower
carbon intensity product
• Expect low operating
costs
• Expandable
• First oil January 27, 2018
EBITDA Margin3: 63% Red Dog EBITDA Margin3:
59%
EBITDA Margin3: 48% 2018 ramp up

Delivered Five-Point Plan
During Downturn
 No equity issued
 No core assets sold
 Invested in production
growth from Fort Hills
 Maintained strong liquidity
 33% debt reduction to
US$4.8B1; managed
maturities
All while achieving >$1B in
annualized cost savings2
Driving Industry-Leading
Profitability
• Strong EBITDA margin3
• Strong cash flow
• Canadian tax pools –
EBITDA converts to cash
efficiently
Further Enhancing
Profitability
• Red Dog VIP2 project to
increase mill throughput
• Highland Valley D3 project
to increase mill throughput
and copper recoveries
• Procurement strategy to
maximize margins
• Neptune Terminals
expansion
2012-2016
Proven Track Record
8
2017 2018 Onwards
Source: Capital IQ
42%
34%
43%
Teck Diversified
Peers
North
American
Peers

• Generated $1.6 billion in Adjusted EBITDA
in Q1 20181
• ~$5.1 billion of liquidity2, with ~$1.3B in
cash + US$3 billion undrawn credit line
• Waneta Dam transaction - expected to
close in Q3 2018 = additional $1.2B cash3
• Only US$220 million in debt maturities prior
to 2022
• Strong credit metrics reflected in trading
prices of public debt
9
US$MSource: Capital IQ, Teck
Solid Financial Position
Debt Maturity Profile3
0
200
400
600
800
1,000
1,200
2018
2020
2022
2024
2026
2028
2030
2032
2034
2036
2038
2040
2042
Repaid in
February
20%
16%
16%
North American
Peers
Diversified Peers
Teck (Proforma
Waneta)
Net Debt /
Net Debt-Plus-Equity4
1.4
0.8
0.7
North American
Peers
Diversified Peers
Teck (Adjusted
EBITDA Pro
Forma Waneta)
Net Debt / EBITDA5

Balance Returning Cash to Shareholders and
Capex With Prudent Balance Sheet Management
Strategy Capital Allocation
Steelmaking
Coal
• Maintain current production
• Optimize assets
• Significant free cash flow even at lower prices1
• Cash available to fund growth projects
• Neptune Terminals expansion
Zinc
• Maintain current production
• Optimize assets/ extend mine life
• Define Aktigiruq potential
• Strong near-term commodity outlook,
significant free cash flow1
• Cash available to fund growth projects
Copper
• Optimize current assets/extend mine
lives
• Strong long-term commodity fundamentals
• Attractive growth options - QB2, NuevaUnión,
San Nicolás, Zafranal
Energy
• Moving from significant cash outflow
to cash inflow
• 2018 ramp-up
• Longer term growth through debottlenecking
and expansion
Portfolio
Optimization
• Waneta Dam, NuevaUnión joint venture, Project Satellite
10

Strong Track Record of Returning Cash to Shareholders
$5.4 billion returned since 20031
11
• Regular base annual dividend
of $0.20/share, paid quarterly
• Supplemental dividend
considered each year
Return of Cash in Q1 2018
• Completed $230M share
buyback
• Paid regular base quarterly
dividend of $0.05/share
$4.1 billion
since 2003
$1.3 billion
since 2003
~27%
of free cash flow
In last 15 years
Dividends1 Share Buybacks1
~8%
of free cash flow
in last 15 years
Policy

12
Path to Value Realization:
• EIA approval anticipated H1 2018
• Potential to sanction in H2 2018
• Approximately 3 year construction schedule
• First production mid-2021
Quebrada Blanca 2
Developing the next major copper producer in Chile
Long Life Asset
• Initial mine life 25 years using only 25% of
reserves and resources1
• Further upside potential in the district
Quality Project
• Brownfields site, low strip ratio
• Very low sustaining capital
• Total costs (AISC) in low half of cost curve
• Competitive capital intensity (~US$16k/t)
Stable Jurisdiction
• Operating history
• Permitting pathway well defined
• Established legal stability

Q2 2018
Creating Value by Advancing Growth Projects
Multiple catalysts / valuation milestones expected in 2018 and beyond
13
H2 2018 2019+
Fort Hills
• All three trains of secondary
extraction ramping up in Q2
2018
• Commercial production in
Q2 2018
Quebrada Blanca 2
• Permit in Q2 2018
San Nicolás
• Prefeasibility engineering
and SEIA submission in
H2 2019
Quebrada Blanca 2
• Sanctioning decision
possible in H2 2018
Zafranal
• Feasibility Study completion
and SEIA submission by
Q4 2018
Fort Hills
• Full production by end of
2018
Waneta Dam Transaction
• Closure of sale in Q3 2018
NuevaUnión
• Feasibility Study completion
in mid-2019
Highland Valley (HVC)
• HVC 2040 Prefeasibility
Study completion in Q4 2018

Value Potential
14
Multiple Normalization Quebrada Blanca 2 Energy Business
• Current Teck EV/EBITDA multiple
of 4.6x1
• Historical Teck EV/EBITDA
multiple of 5.5-6.5x1
• Current peer EV/EBITDA multiple
of 5.8-6.8x1
• EBITDA potential of
~US$1.3B at US$3.50/lb
copper2
• EBITDA potential at full
production of ~C$670M at
US$83/bbl WTI and
US$11/bbl WTI-WCS
differential3
• Resource upside at
Frontier and Lease 421
• Historical energy
EV/EBITDA multiple of
8.0-10.0x4
Teck’s trailing 12-month
EBITDA is ~C$10.00/share
~C$2.85/share
EBITDA potential2
~C$1.20/share
EBITDA potential3

Strong Execution
• Premier operating assets, a proven track record,
and enhancing profitability at our operations.
Solid Financial Position
• Significant liquidity, strong cash flow and the right
commodities at the right time.
Disciplined Capital Allocation
• Our approach balances returning cash to shareholders
and capital spending with prudent balance sheet management.
Compelling Value
Teck
15

Notes
Diversified Peers are Anglo American, BHP Billiton, Glencore, Rio Tinto, South32 and Vale.
North American Peers are Freeport-McMoRan, First Quantum, Lundin and Southern Copper.
Slide 5: Value Potential
1. Current multiples are as at May 25, 2018. Historical multiples are for the past ten years. Peer multiples are based on a combination of our Diversified Peers and North American
Peers. EV/EBITDA multiples are unweighted averages based on data reported by Capital IQ as at May 25, 2018, and are total enterprise value to forward EBITDA for the next
twelve months. EBITDA is a non-GAAP financial measure without a standardized meaning, but generally refers to profit attributable to shareholders before net finance expense,
income and resource taxes, and depreciation and amortization. Capital IQ applies its own approach to calculate this metric and as a result the figures determined from Capital IQ
data may vary from results published by Teck or peer companies. See “Non-GAAP Financial Measures” slides.
2. EBITDA potential for Quebrada Blanca 2 is based on a 100% basis in the first full five years of production and assumes a copper price of US$3.50/lb and a Canadian to US
dollar exchange rate of 1.25. See Teck’s fourth quarter 2016 news release dated February 15, 2017 for further information regarding Quebrada Blanca Phase 2, including
forecast production for the first full five years of production. EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” slides.
3. EBITDA potential for the energy business assumes a WTI price of US$83/bbl, WTI-WCS differential of US$11/bbl, operating costs of C$20/bbl and a Canadian to US dollar
exchange rate of 1.25. EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” slides.
4. Historical energy multiples are as provided by RBC Capital Markets as at May 28, 2018 and are based on Suncor, CNRL, Imperial Oil, Cenovus, Husky, MEG, Pengrowth and
BlackPearl.
Slide 6: Steelmaking Coal Price – Exceeding Expectations
1. HCC price is based on the negotiated annual benchmark price from January 1, 2008 to April 13, 2010 and the Argus Premium HCC FOB Australia assessments from April 14,
2010, in US dollars. Steelmaking coal prices for the past ten years are calculated from January 1, 2008. Inflation–adjusted prices are based on Statistic Canada’s Consumer
Price Index. Source: Argus, Teck. Plotted to May 25, 2018.
Slide 7: Premier Operating Assets
1. Adjusted EBTIDA of $20.2 billion was generated from October 1, 2008 to March 31, 2018. This reflects the change in accounting policy to capitalize stripping from January 1,
2013. Waste rock stripping costs incurred in the production phase of a surface mine are recorded as capitalized production stripping costs within property, plant and equipment
when it is probable that the stripping activity will improve access to the orebody when the component of the orebody or pit to which access has been improved can be identified,
and when the costs relating to the stripping activity can be measured reliably. When the actual waste-to-ore stripping ratio in a period is greater than the expected life-of-
component waste-to-ore stripping ratio for that component, the excess is recorded as capitalized production stripping costs. Adjusted EBITDA is a non-GAAP financial measure.
See “Non-GAAP Financial Measures” slides.
2. Bottom half of the copper cost curve based on the average for our operations.
3. EBITDA margin is for Q1 2018. EBITDA margin is a non-GAAP financial measure. See “Non-GAAP Financial Measures” slides.
16

Notes
Slide 8: Proven Track Record
1. Achieved US$2.4 billion in debt reduction based on US$7.2 billion of public notes outstanding as at September 30, 2015 to US$4.8B of public notes outstanding on March 31,
2018.
2. Achieved >$1 billion in annualized cost savings from initiatives in 2013 to 2016.
3. EBITDA margin LTM for Teck, Diversified Peers and North American Peers are as determined and reported by Capital IQ as at May 23, 2018. EBITDA margin is a non-GAAP
financial measure without a standardized meaning, but generally refers to EBITDA (earnings, before interest, taxes, depreciating and amortization) divided by total revenues for
the relevant period. Capital IQ applies its own approach to calculate this metric and as a result the figures reported from Capital IQ data may vary from results published by Teck
or peer companies. See “Non-GAAP Financial Measures” slides.
Slide 9: Solid Financial Position
1. Adjusted EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” slides.
2. Approximately $5.1 billion in liquidity as at April 23, 2018.
3. Closing of the Waneta Dam transaction is subject to receipt of regulatory approval and other customary conditions.
4. Maturity profile of public notes outstanding as at March 31, 2018.
5. Net debt/net debt-plus-equity for Diversified Peers and North American Peers are unweighted averages based on data reported by Capital IQ as at May 24, 2018. Net debt/net
debt-plus-equity is a non-GAAP financial measure without a standardized meaning, but generally refers to net debt (total debt less cash and cash equivalents) divided by the sum
of net debt plus shareholders equity. Capital IQ applies its own approach to calculate this metric and as a result the figures determined from Capital IQ data may vary from results
published by Teck or peer companies. Net debt/net debt-plus-equity for Teck is an unweighted average pro forma metric as at December 31, 2017 and assumes closing of the
Waneta Dam transaction. Net debt/net debt-plus-equity is a non-GAAP financial measure. See “Non-GAAP Financial Measures” slides.
6. Net debt/EBITDA for Diversified Peers and North American Peers are unweighted averages based on data reported by Capital IQ as at May 24, 2018. Net debt/EBITDA is a non-
GAAP financial measure without a standardized meaning, but generally refers to net debt (total debt less cash and cash equivalents) divided by EBITDA (earnings, before
interest, taxes, depreciating and amortization). Capital IQ applies its own approach to calculate this metric and as a result the figures determined from Capital IQ data may vary
from results published by Teck or peer companies. Net debt/EBITDA for Teck is based on our adjusted EBITDA and is an unweighted average pro forma metric as at December
31, 2017 and assuming closing of the Waneta Dam transaction. EBITDA, adjusted EBITDA and net debt/EBITDA are non-GAAP financial measures. See “Non-GAAP Financial
Measures” slides.
Slide 10: Balance Returning Cash to Shareholders and Capex With Prudent Balance Sheet Management
1. Free cash flow is a non-GAAP financial measure. See “Non-GAAP Financial Measures” slides.
Slide 11: Strong Track Record of Returning Cash to Shareholders
1. From January 1, 2003 to March 31, 2018. Free cash flow is a non-GAAP financial measure. See “Non-GAAP Financial Measures” slides.
Slide 12: Quebrada Blanca 2
1. For current Reserve and Resource statements, see Teck’s 2017 Annual Information Form filed on SEDAR.
17

Notes
Slide 14: Value Potential
1. Current multiples are as at May 25, 2018. Historical multiples are for the past ten years. Peer multiples are based on a combination of our Diversified Peers and North American
Peers. EV/EBITDA multiples are unweighted averages based on data reported by Capital IQ as at May 25, 2018, and are total enterprise value to forward EBITDA for the next
twelve months. EBITDA is a non-GAAP financial measure without a standardized meaning, but generally refers to profit attributable to shareholders before net finance expense,
income and resource taxes, and depreciation and amortization. Capital IQ applies its own approach to calculate this metric and as a result the figures determined from Capital IQ
data may vary from results published by Teck or peer companies. See “Non-GAAP Financial Measures” slides.
2. EBITDA potential for Quebrada Blanca 2 is based on a 100% basis in the first full five years of production and assumes a copper price of US$3.50/lb and a Canadian to US
dollar exchange rate of 1.25. See Teck’s fourth quarter 2016 news release dated February 15, 2017 for further information regarding Quebrada Blanca Phase 2, including
forecast production for the first full five years of production. EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” slides.
3. EBITDA potential for the energy business assumes a WTI price of US$83/bbl, WTI-WCS differential of US$11/bbl, operating costs of C$20/bbl and a Canadian to US dollar
exchange rate of 1.25. EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” slides.
4. Historical energy multiples are as provided by RBC Capital Markets as at May 28, 2018 and are based on Suncor, CNRL, Imperial Oil, Cenovus, Husky, MEG, Pengrowth and
BlackPearl.
18

20
Diversification
Long life assets
Low cost
Appropriate scale
Low risk jurisdictions
Consistent Long-Term Strategy

Attractive Portfolio of Long-Life Assets
Low risk jurisdictions
21

22
Global Customer Base
Revenue contribution from diverse markets
Sales Distribution (2017)
North
America
19%
Europe
17%
Latin
America
3%
China
18%
Asia excl. China
and India
37%India
6%

23
Diverse Pipeline of Growth Options
In Construction Pre-Sanction
Energy
Building a new business
through partnership
Frontier
Lease 421
Future OptionsMedium-Term
Growth Options
Zinc
Premier resource with
integrated assets
Red Dog
Satellite Deposits
Cirque
Trail #2 Acid Plant
Red Dog VIP2 Project
Teena
Coal
Well established with
capital efficient value
options
Elk Valley Replacement
Brownfield
Quintette/Mt. Duke
Elk Valley Brownfield
Neptune Terminals
Expansion
Coal Mountain 2
Copper
Strong platform
with substantial
growth options
San Nicolás (Cu-Zn)
QB2
NuevaUnión
MesabaZafranal
HVC Brownfield Schaft Creek
Antamina Brownfield
Galore Creek
HVC D3 Project
Fort Hills Debottlenecking
& Expansion

Quality, Long Life Projects in Stable Jurisdictions
24
Aktigiruq
Teena
Exploration
Compelling organic growth options in the Cu and Zn space
Both development and value creation opportunities
Long Life Assets
• +20 years
• District upside
Quality Projects
• High margin
• Low cost
Stable Jurisdictions
• Chile
• Canada
• USA
• Peru
• Mexico
• Australia
Project Satellite
Galore/Schaft
Mesaba
San Nicolás
Zafranal
Advanced Projects
QB2
NuevaUnión

Delivering Value
Focused exploration and portfolio management
25
Acquisitions (M&A) Galore
Schaft
NuevaUnión
Mesaba
QB
1980 1990 2000 2010 2020
Strategic Value Recognition
Montcalm
Lobo-Marte, Araguaia,
Aği Daği/Kirazli
Morelos
Carrapateena
KZK, Royalty Portfolio
Los Filos
Prosperity
Discovery (GF/BF)
Aktigiruq (Red Dog)
Teena
Zafranal
San Nicolás

26
CdA Gold
Stream1,
$206M Project Corridor/
NuevaUnion,
$0M
Antamina Silver
Stream2,
$795M
Osisko Royalty
Package,
$28M
Sandstorm
Royalty Package3,
$32M
HVC Minority,
($33M)
Teena
Minority4,
($11M)
AQM Copper,
($25M)
Wintering Hills,
$59M
Waneta Dam,
$1,200M6
San Nic
Minority5,
($65M)($400)
($200)
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
July10
Aug27
Oct7
Oct25
Jan19
July5
Oct18
Nov21
Jan26
May12
Oct18
2015 2016 2017
Disciplined Approach to M&A
Total net proceeds of C$2.2B:
• Balance sheet strengthened by divestment of non-core assets at high EBITDA multiples7
• Modest ‘prudent housekeeping’ acquisitions to consolidate control of attractive copper and
zinc development assets
• Innovative NuevaUnión joint venture to create world scale development opportunity
Recent Transaction History
NetProceeds(Cost)(C$M)

Emerged from the Downturn in a Strong Position
Reflects Execution on
Our Five-Point Plan
1. No equity dilution
2. No core assets sold
3. Invested in production growth from
Fort Hills
4. Maintained strong liquidity
5. Reduced our debt & managed
maturities
All while focusing on reducing costs
Teck vs. Peer 5-yr Share Dilution1
Increaseinnumberofoutstandingsharesfrom2013
27
Teck
-10%
0%
10%
20%
30%
40%
50%
-10%
0%
10%
20%
30%
40%
50%
2013 2014 2015 2016 2017
Teck now has fewer shares outstanding than in 2009
Peer group includes: Freeport-McMoRan Inc., Hudbay Minerals Inc., Glencore Plc., Lundin Mining Corporation, First Quantum Minerals Ltd., Barrick Gold Corporation, Goldcorp Inc.,
Anglo American Plc., Vale S.A., BHP Billiton Ltd., Rio Tinto Ltd., Southern Copper Corporation.

Teck
-40
-20
0
20
40
60
80
100
120
140
-40
-20
0
20
40
60
80
100
120
140
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
28
Higher Operating Cash Flow per Share
Teck is the only company among its peers for which 2017
operating cash flow per share exceeds the previous peak year1
Indexedformaximumoperatingcashflowpershare2006-2016
Peer group includes: Freeport-McMoRan Inc., Hudbay Minerals Inc., Glencore Plc., Lundin Mining Corporation, First Quantum Minerals Ltd., Barrick Gold Corporation, Goldcorp Inc.,
Anglo American Plc., Vale S.A., BHP Billiton Ltd., Rio Tinto Ltd., Southern Copper Corporation.

29
Deal Highlights
• Sale of Teck’s 2/3rd interest to BC Hydro, following
exercise of right of first offer
• Commercial terms:
‒ C$1.2 billion cash
‒ C$75 million annual payment (~C$40 MWh)
‒ 20 year term with 10 year extension option
Asset Overview
• 496 MW capacity
• 2,750 GWh annual energy
• 1,880 GWh Trail energy use
• BC Hydro 1/3 owner currently
• No hydrology risk under Canal Plant
Agreement
Teck Impact
• 16x EBITDA multiple1
• Closing not expected before Q3 2018
• No cash tax payable on sale
• Trail a globally competitive zinc/lead producer
Waneta Dam Sale for $1.2B Cash

30
Production Guidance
2017 Results 2018 Guidance1 3 Year (2019-2021) Guidance1
Steelmaking Coal 26.6 Mt 26-27 Mt 26.5-27.5 Mt
Copper2,3
Concentrate 287 kt 270-285 kt 270-300 kt
Highland Valley Concentrate 93 kt 95-100 kt 120-140 kt
Antamina Concentrate 95 kt 90-95 kt 90-100 kt
Carmen de Andecollo Concentrate 72.5 kt 60-65 kt 60 kt
Cathode 3.5 kt 3.0kt
Quebrada Blanca Cathode 23 kt 20-24 kt
Zinc2,4
Concentrate 659 kt 645-670 kt 575-625 kt
Refined 310 kt 305-310 kt 310-315kt
Red Dog Concentrate 542 kt 525-545 kt 475-525 kt
Pend Oreille Concentrate 33 kt 35 kt -
Antamina Concentrate 84 kt 85-90 kt 90-100 kt
Trail Refined 310 kt 305-310 kt 310-315kt
Bitumen2,5
Fort Hills n.a. 7.5 - 9.0 Mbbl 14Mbbl
Molybdenum2
Highland Valley Concentrate 9.2 Mlbs 5.0 Mlbs 4.0-5.0 Mlbs
Antamina Concentrate 2.0 Mlbs 1.8 Mlbs 2.5-3.0 Mlbs
Lead
Red Dog Concentrate 111 kt 95-100 kt 85-100 kt
Trail Refined 87 kt 70 kt 95-105kt
Silver
Trail Refined 21.4 Moz 16-18 Moz -

31
Sales Guidance
Q1 2018 Results1
Q2 2018
Guidance1
Steelmaking Coal 6.1 Mt 6.7 Mt
Zinc
Red Dog – Zinc in Concentrate 111 kt 80 kt

32
Cost Guidance
2017 Results 2018 Guidance1
Steelmaking Coal2
Site costs (A) $52/t $56-60/t
Capitalized stripping (B) $19/t $15/t6
Transportation costs (C) $37/t $35-37/t
Total cash costs (A+B+C) $108/t
US$83/t
$106-112/t
US$85-90/t
Copper3
C1 unit costs (D) US$1.33/lb US$1.35-1.45/lb
Capitalized stripping (E) US$0.18/lb US$0.19/lb6
Total cash costs (D+E) US$1.51/lb US$1.54-1.64/lb
Zinc4
C1 unit costs (F) US$0.28/lb US$0.30-0.35/lb
Capitalized stripping (G) US$0.01/lb US$0.02/lb6
Total cash costs (F+G) US$0.29/lb US$0.32-0.37/lb
Bitumen5
Cash operating cost n.a. C$35-40/bbl

Updated Capital Expenditures Guidance 2018
33
(Teck’s share
in CAD$ millions) 2017
2018
Guidance1
Previous
2018
Guidance
Sustaining
Steelmaking coal2 $ 112 $ 275
Copper 126 180
Zinc 168 230
Energy3 34 40
Corporate 4 5
$ 444 $ 730
Major Enhancement
Steelmaking coal $ 55 $ 160
Copper4 8 70
Zinc5 15 95
Energy3 - 90
$ 78 $ 415
New Mine Development
Copper4 $ 186 $ 375 $ 185
Zinc 36 35
Energy3 877 195
$ 1,099 $ 605
Sub-total
Copper4 320 625
Zinc5 219 360
Energy3 911 325
Corporate 4 5
$ 1,621 $ 1,750
(Teck’s share
in CAD$ millions) 2017
2018
Guidance
Previous
2018
Guidance
Capitalized Stripping
Steelmaking coal $ 506 $ 390
Copper 147 145
Zinc 25 25
$ 678 $ 560
Total
Copper4 467 770
Zinc5 244 385
Energy3 911 325
Corporate 4 5
$ 2,299 $ 2,310

34
Sustaining Capex Expected to Peak in 2018
Total Capital Expenditures 2012-20181
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
2012 2013 2014 2015 2016 2017 2018
Guidance
New Mine
Development
Major
Enhancements
Sustaining Capital
Capitalized
Stripping
$M

35
Commodity Price Leverage1
Mid-Point of
Production
Guidance
Unit of
Change
Effect on
Annual Estimated
Profit
Effect on
Annual Estimated
EBITDA
$C/$US C$0.01 C$53M /$0.01∆ C$82M /$0.01∆
Coal 26.5 Mt US$1/tonne C$19M /$1∆ C$30M /$1∆
Copper 278 kt US$0.01/lb C$5M /$0.01∆ C$7M /$0.01∆
Zinc 965 kt US$0.01/lb C$10M /$0.01∆ C$13M /$0.01∆

36
Tax-Efficient Earnings in Canada
~$4.5 billion in available tax pools1, including:
• $3.6B in loss carryforwards
• $0.9B in Canadian Development Expenses
Applies to:
• Cash income taxes in Canada
Does not apply to:
• Resource taxes in Canada
• Cash taxes in foreign jurisdictions

37
Share Structure & Principal Shareholders
Teck Resources Limited1
Shares Held Percent Voting Rights
Class A Shareholdings
Temagami Mining Company Limited 4,300,000 55.4% 32.0%
SMM Resources Inc (Sumitomo) 1,469,000 18.9% 10.9%
Other 1,999,304 25.7% 14.9%
7,768,304 100.0% 57.9%
Class B Shareholdings
Temagami Mining Company Limited 725,000 0.1% 0.1%
SMM Resources Inc (Sumitomo) 295,800 0.1% 0.0%
China Investment Corporation (Fullbloom) 59,304,474 10.5% 4.4%
Capital Research Global Investors 59,869,307 10.0% 4.2%
Other 448,674,339 79.3% 33.4%
565,868,920 100.0% 42.1%
Total Shareholdings
Temagami Mining Company Limited 5,025,000 0.9% 32.1%
SMM Resources Inc (Sumitomo) 1,764,800 0.3% 11.0%
China Investment Corporation (Fullbloom) 59,304,474 10.3% 4.4%
Other 507,542,950 88.5% 48.3%
573,637,224 100.0% 100.0%

Notes: Appendix - Introduction
Slide 27: Disciplined Approach to M&A
1. Carmen de Andacollo gold stream transaction occurred in USD at US$162M.
2. Antamina silver stream transaction occurred in USD at US$610M.
3. Sandstorm royalty transaction occurred in USD at US$22M.
4. Teena transaction occurred in AUD at A$10.6M.
5. San Nicolàs transaction occurred in USD at US$50M.
6. Waneta Dam transactions has not yet closed. Closing is subject to customary conditions.
7. EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” slides.
Slide 28: Emerged from the Downturn in a Strong Position
1. Data shown as per December 31st of calendar year. Glencore and Xstrata merger and FQM’s purchase of Inmet both occurred in 2013; therefore December 2013 selected as
point of reference. Source: Capital IQ as of March 14, 2018. Peer group includes: Freeport-McMoRan Inc., Hudbay Minerals Inc., Glencore Plc., Lundin Mining Corporation, First
Quantum Minerals Ltd., Barrick Gold Corporation, Goldcorp Inc., Anglo American Plc., Vale S.A., BHP Billiton Ltd., Rio Tinto Ltd., Southern Copper Corporation.
Slide 29: Higher Operating Cash Flow per Share
1. Data shown as per calendar year. Source: Capital IQ as of March 14, 2018. Peer group includes: Freeport-McMoRan Inc., Hudbay Minerals Inc., Glencore Plc., Lundin Mining
Corporation, First Quantum Minerals Ltd., Barrick Gold Corporation, Goldcorp Inc., Anglo American Plc., Vale S.A., BHP Billiton Ltd., Rio Tinto Ltd., Southern Copper
Corporation.
Slide 30 Waneta Dam Sale for $1.2B Cash
1. EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” slides.
Slide 31: Production Guidance
1. As at December 31, 2017. See Teck’s Q4 2017 press release.
2. We include 100% of production from our Quebrada Blanca and Carmen de Andacollo mines in our production volumes, even though we own 76.5% (90% effective April 2018)
and 90%, respectively, of these operations, because we fully consolidate their results in our financial statements. We include 22.5% of production from Antamina, representing
our proportionate equity interest in Antamina. We include 21.3% of production from Fort Hills, representing our estimated proportionate equity interest in Fort Hills.
3. Copper production includes cathode production at Quebrada Blanca and Carmen de Andacollo.
4. Total zinc includes co-product zinc production from our Copper business unit.
5. Guidance for Teck’s share of production at the Fort Hills mining and processing operations in 2018 is at our estimated working interest of 21.3%, and is 8,000 to 16,000 bitumen
barrels per day in Q1 2018, 12,000 to 20,000 bpd in Q2 2018, 24,000 to 28,000 bpd in Q3 2018 and 32,000 to 36,000 bpd in Q4 2018. Production estimates for Fort Hills could
be negatively affected by delays in or unexpected events involving the ramp-up of production from the project. Production estimates for Fort Hills and estimates of Fort Hills cash
operating costs could be negatively impacted by delays in or unexpected events involving the ramp up of production from the project. Three-year production guidance is our
share before any reductions resulting from major maintenance downtime.
38

Slide 32: Sales Guidance
1. As at April 23, 2018. See Teck’s Q1 2018 press release.
2. Metal contained in concentrate.
Slide 33: Cost Guidance
1. As at December 31, 2017. See Teck’s Q4 2017 press release.
2. Steelmaking coal unit costs are reported in Canadian dollars per tonne. Steelmaking coal unit cost of sales include site costs, transport costs, and other and does not include
deferred stripping or capital expenditures. See “Non-GAAP Financial Measures” slides.
3. Copper unit costs are reported in U.S. dollars per payable pound of metal contained in concentrate. Copper total cash costs after by-product margins include adjusted cash cost
of sales, smelter processing charges and cash margin for by-products including co-products. Assumes a zinc price of US$1.55 per pound, a molybdenum price of US$12 per
pound, a silver price of US$16.50 per ounce, a gold price of US$1,325 per ounce and a Canadian/U.S. dollar exchange rate of $1.25. See “Non-GAAP Financial Measures”
slides.
4. Zinc unit costs are reported in U.S. dollars per payable pound of metal contained in concentrate. Zinc total cash costs after by-product margins are mine costs including adjusted
cash cost of sales, smelter processing charges and cash margin for by-products. Assumes a lead price of US$1.15 per pound, a silver price of US$16.50 per ounce and a
Canadian/U.S. dollar exchange rate of $1.25. By-products include both by-products and co-products. See “Non-GAAP Financial Measures” slides.
5. Bitumen unit costs are reported in Canadian dollars per barrel. Cash operating cost represents costs for the Fort Hills mining and processing operations and do not include the
cost of diluent, transportation, storage and blending. Guidance for Teck’s cash operating cost in 2018 is based on Suncor’s outlook for 2018 Fort Hills cash operating costs per
barrel of CAD$70-CAD$80 in the first quarter, CAD$40-CAD$50 in the second quarter, CAD$30-CAD$40 in the third quarter, and CAD$20-CAD$30 in the fourth quarter.
Judgement is required in determining the date that property, plant and equipment is available for use at Fort Hills. Until such time, revenues and associated costs will be
capitalized. Management expects this date to be in the first half of 2018. Production estimates for Fort Hills and estimates of Fort Hills cash operating costs could be negatively
affected by delays in or unexpected events involving the ramp up of production from the project. Bitumen cash operating costs is a non-GAAP financial measure.
6. Approximate, based on capitalized stripping guidance and mid-point of production guidance range.
39

Slide 34: Updated Capital Expenditures Guidance 2018
1. All numbers are as at April 23, 2018.
2. For steelmaking coal, sustaining capital includes Teck’s share of water treatment charges of $3 million in 2017. Sustaining capital guidance includes Teck’s share of water
treatment charges related to the Elk Valley Water Quality Plan, which are approximately $86 million in 2018. Steelmaking coal guidance for 2018 excludes $120 million of
planned 2018 spending for port upgrades at Neptune Bulk Terminals, as Neptune Bulk Terminals is equity accounted on our balance sheet.
3. For energy, Fort Hills capital expenditures guidance is at our estimated working interest of 21.3%, and does not include any capitalized revenue and associated costs. Judgment
is required in determining the date that property, plant and equipment is available for use at Fort Hills. Until such time, revenues and associated costs will be capitalized.
Management expects this date to be in the first half of 2018. Major enhancement guidance for 2018 includes tailings management and new mine equipment at Fort Hills. New
mine development guidance for 2018 includes expected spending at Fort Hills, assuming some further increase in our project interest and Frontier.
4. For copper, new mine development guidance for 2018 includes the first nine months of spending for Quebrada Blanca Phase 2. It also includes full year spending for San
Nicolás and our share of Zafranal. Major enhancement guidance includes the D3 mill project at Highland Valley.
5. For zinc, major enhancement guidance includes the VIP2 project at Red Dog.
Slide 35: Sustaining Capex Expected to Peak in 2018
1. 2018 guidance as at December 31, 2017.
Slide 36: Commodity Price Leverage
1. Annual effect based on commodity prices and our balance sheet as of December 31, 2017 and excluding the gain from the Waneta Dam transaction. Assumes the midpoint of
2018 guidance ranges, a C$/US$ exchange rate of 1.25, and budgeted operating costs. Steelmaking coal is based on a US$1/tonne change in the premium steelmaking coal
quarterly index price. EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” slides.
Slide 37: Tax-Efficient Earnings In Canada
1. As at December 31, 2017.
Slide 38: Share Structure & Principal Shareholders
1. As at April 23, 2018.
40

Sustainability Guides our Approach to Business
• Demonstrating a responsible, sustainable
approach essential to continued growth
and operational success
• Strong sustainability performance
enabled by a strategy built around
developing opportunities and managing
risks
• Implementing a sustainability strategy
with short-term goals out to 2020 and
long-term goals stretching out to 2030
Goals cover the six areas of focus representing
the most significant sustainability issues and
opportunities facing our company:
42
Community Water Our People
Biodiversity Energy and
Climate Change
Air

Sustainability Commitments and Recognition
43
Major Commitments
• International Council on Mining and
Metals 10 Principles and Position
Statements for Sustainable Development
• United Nations Global Compact
• Mining Association of Canada Towards
Sustainable Mining program
• Council for Clean Capitalism
• Carbon Pricing Leadership Coalition
Recent Recognition
Towards Sustainable Mining
Leadership Awards

Tailored Strategies for Water Stewardship
• Protecting water quality, improving
water efficiency and collaborating to
ensure fair allocation of water
• Published new Water Policy and
Governance Framework in November
2017
• Site-based water management plans to
develop a shared approach and set
targets to improve our performance
44
11%
4 X
Reduction in
water use
Average re-
use water
at operations

Positioning Teck for the Low Carbon Economy
• Strategy for Climate Action in
place focused on:
1. Positioning Teck to Thrive in the
Low Carbon Economy
2. Reducing our Carbon Footprint
3. Advocating for Climate Action
4. Adapting to the Physical Impacts
• Released Climate Action and
Portfolio Resilience Report
in 2018
45
Among world’s lowest
GHG intensity for
steelmaking coal and
copper of ICMM member
companies
Fort Hills oil sands mining
and processing operation
has one of the lowest
carbon intensities among
North American oil sands
producers
GHG Emissions Intensity
Ranges Among ICMM Members
kgCO2e per t product
Teck in bottom
quartile for
miners
Copper Coal

Reducing our Carbon Footprint Also Yields Savings
• Reduced greenhouse gas
emissions by ~217,000 tonnes
since 2011 by optimizing operations
and investing in alternative energy
generation.
• Goal to cut emissions from existing
operations by 450,000 tonnes by
2030.
• Majority of operations covered by
carbon pricing
46
Increasing Haul Truck
Productivity at Teck’s
Steelmaking Coal Operations
$4.1M
cost savings
5M litres
diesel reduction
=

Strengthening Relationships with Indigenous Peoples
• Agreements in place at all mining
operations within or adjacent to
Indigenous Peoples’ territories.
• ~$32 million in procurement spend with
Indigenous Peoples at our steelmaking
coal operations and Highland Valley
Copper Operations in 2017
• Advancing a Reconciliation Action
Plan in 2018, the first of its kind created
by a Canadian resources company
47

Inclusion and Diversity is Good for Business
• Women comprised 29% of total hires
in 2017
• 760 leaders across Teck participated in
Gender Intelligence Training
Workshops
• Teck-wide Gender Pay Equity Review
conducted showing no systemic
gender pay issue
48
17%
27%
21%
women in our
workforce
women on
Board of
Directors
women in IT and
engineering roles

Sustainability Information for Investors
• Sustainability Report and Raw
Performance Data
• Economic Contributions Report
• United Nations Global Compact
Communication on Progress
• CDP Reports
• Annual Sustainability Conference Call
Presentation
• List of Sustainability Ratings and
Rankings involving Teck
49

50
Collective Agreements
Long-term labour agreements in place at all North American operations
Operation Expiry Dates
Quintette April 30, 2018
Antamina July 31, 2018
Coal Mountain December 31, 2018
Quebrada Blanca
January 31, 2019
March 31, 2019
November 30, 2019
Line Creek May 31, 2019
Carmen de Andacollo
September 30, 2019
December 31, 2019
Elkview October 31, 2020
Fording River April 30, 2021
Highland Valley Copper September 30, 2021
Trail Operations May 31, 2022
Cardinal River June 30, 2022

Our Innovation Focus
52
Digital Platform
•Equipment automation
•Ore sorting technology
•Digitally-enhanced
operator performance
•Predictive maintenance
•Improving grade and
processing
Sustainability
Digital Foundation
•Fatigue monitoring
systems
•Collision avoidance
monitors
•Remote & autonomous
mobile equipment
•Wearable OH&S
systems
•Ore sorting to reduce
energy use and tailings
•Water management
technologies
•Dust management
•Digital community
engagement
•Exploration tech:
Hyperspectral core
scanning
•Growing markets
through new product
uses
•Partnering with game-
changing innovators
SafetyProductivity Growth

53
Autonomous Haul Trucks
Potential for improved productivity and safety; deploying in 2018
Value potential
• Improved safety
• Highland Valley Copper (HVC): >$20M annual savings
• Teck-wide: >$100M annual savings potential
• Potential to steepen pit walls and narrow road widths;
reduce environmental footprint
Maturity
• Proven technology; well understood
Milestones
• Partnering with Caterpillar
• Site assessment 2017
• Six-truck deployment at HVC by end of 2018
• First autonomous fleet at a deep pit mine
Productivity Safety Sustainability

54
Smart Shovels
Shovel-mounted sensors separate ore from waste
Value potential
• Increased grade to mill
• Potential to add significant free cash flow at HVC alone
• Reduced energy use and tailings; improved
sustainability performance
Maturity
• Currently being piloted by Teck
Milestones
• Pilot launched in 2017
• First ever use of ore sorting technology on a shovel
• Assessing Red Dog deployment in 2018
• Opportunity to replicate and scale up across operations
Productivity Sustainability

55
Artificial Intelligence
Using AI to predict and prevent maintenance problems
Value potential
• Machine learning analyzes data streams from each
haul truck to predict maintenance issues before they
happen
• Reduce unplanned maintenance, reduce overall
maintenance costs, extend equipment life
• Potential $1.2 million annual savings at just one site
Maturity
• Successfully developed at Teck coal site
• Partnership with Google and Pythian to develop
analytic algorithm
Milestones
• Successfully implemented in production
• Wider deployment underway at coal sites in 2018

Steelmaking Coal
Business Unit & Markets

Steelmaking Coal Price Exceeding Market Expectations
57
• Synchronized global growth supports steel demand and pricing
• Healthy steel industry stimulates global demand for seaborne coal
• Secular demand growth in India adds to demand for seaborne coal
• Chinese capacity reductions, environmental controls & mine safety checks to continue
‒ Steel: improves financial condition and reduces exports
‒ Coal: restricts domestic production and supports seaborne imports
Coal Price Assessments1
10-year average price
US$180/tonne;
US$197/tonne in real terms
50
100
150
200
250
300
350
US$/tonne
HCC Price Futures Prices Average Price Since 2008 US$180/t

58
Steelmaking Coal Facts
Global Coal Production1:
7.3 billion tonnes
Steelmaking Coal Production2:
~1,160 million tonnes
Export Steelmaking Coal2:
~325 million tonnes
Seaborne Steelmaking Coal2:
~280 million tonnes
Our Market - Seaborne Hard Coking Coal2:
~190 Million Tonnes
• ~0.7 tonnes of steelmaking coal is used to
produce each tonne of steel3
• Up to 100 tonnes of steelmaking coal is required
to produce the steel in the average wind turbine4

59
Synchronized Global Growth
Strong steel production and improved steel pricing
2018 Q1
YoY Growth
2017
YoY Growth
Global 4.1% 5.3%
China 5.4% 5.7%
Ex. China 2.8% 4.9%
Europe 0.9% 5.7%
JKTV 1.9% 3.1%
India 3.7% 6.2%
Brazil 4.8% 9.9%
Solid Growth in
Crude Steel Production2Crude Steel Production1
500
1,000
1,500
2,000
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Global
300
500
700
900
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
China
500
700
900
1,100
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Ex-China
Mt

60
Strong Chinese Steel Margins
Support steelmaking coal prices
China Hot Rolled Coil (HRC) Margins and Steelmaking Coal (HCC) Prices1
-50
0
50
100
150
200
250
300
350
US$/tonne
China HRC Gross Margins China Domestic HCC Price Argus Premium HCC CFR China

Growing India Steelmaking Coal Imports
India plans to achieve 300 Mt of crude steel capacity by 2030-2031
61
India’s Hot Metal Capacity;
Projects and Operations2
Seaborne Steelmaking Coal Imports
Forecasted to increase by >25%1
0
10
20
30
40
50
60
70
80
90
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Hot Metal Production
Seaborne Steelmaking Coal Imports
Mt

62
Capacity Reductions in China Support Pricing
Coal Capacity Reduction Target1Steel Capacity Reduction Target1
• Steel: Profitable steel industry supports raw materials pricing
• Coal: Capacity reductions support seaborne imports
Coking coal2
Thermal coal
800
290 250
~90 ~70
~60 ~40
0
100
200
300
400
500
600
700
800
900
2016-2020
target
2016
actual
2017
actual
2018
target
2019-2020
remaining
target
Mt
140
65
50
30
0
0
20
40
60
80
100
120
140
160
2016-2020
target
2016
actual
2017
actual
2018
target
2019-2020
remaining
target
Mt

Chinese Seaborne Steelmaking Coal Imports
Supported by strong steel demand & stable domestic coking coal production
63
Chinese Crude Steel Production (CSP), Hot
Metal Production (HMP) and Coal Production1 Chinese Seaborne Coking Coal Imports1
2
5 5
3 3 3
31 32
25
34
60
48
35 36
44
0
10
20
30
40
50
60
70
Milliontonnes
400
420
440
460
480
500
520
0
100
200
300
400
500
600
700
800
900
2010 2011 2012 2013 2014 2015 2016 Milliontonnes
Milliontonnes
CSP HMP Coking Coal Production

64
Large Users in China Increasing Seaborne Imports
>2/3 of China crude steel produced on coast; Projects support imports
Seaborne Coking Coal Imports1
HBIS Laoting Project
• Inland plant relocating to coastal area
• Capacity: crude steel 20 Mt
• Status: Construction started in 2017;
completion to be announced
Zongheng Fengnan Project
• Inland plant relocating to coastal area
• Capacity: crude steel 8 Mt
completion in 2021
Shougang Jingtang Plant
• Expansion
• Capacity: crude steel 9.4 Mt (phase 2)
completion in 2018
Shandong Steel Rizhao Project
• Greenfield project
• Capacity: crude steel 8.5 Mt
• Status: Construction started in 2015; BF #1
completed in 2017; BF #2 completion in 2018
Liusteel Fangcheng Project
• Greenfield project
• Capacity: Phase 1 crude steel ~10 Mt
• Status: Construction started in 2017
10
21 21 22
25 25
25
39
26
13 11
19
0
10
20
30
40
50
60
70
2012 2013 2014 2015 2016 2017
Milliontonnes
Non-14 users 14 large users

65
0
200
400
600
800
1000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Milliontonnes
Chinese Scrap Use to Increase Slowly
EAF share in crude steel production to recover only to 2015’s level
Crude Steel and Electric Arc Furnace Production3
Crude Steel
China’s Ratio of EAF in CSP Low vs. Other Countries1 China Steel Use By Sector (2000-2016)2
Electric Arc Furnace
Hot Metal
Construction
55-60%
Others
15-20%
Machinery
15-20%
Auto
5-10%
5%
22%
57%
67%
31%
40%
25%
0%
20%
40%
60%
80%
China Japan India United
States
Russia European
Union
World
average

66
280
285
290
295
300
305
310
315
320
2017 Australia Mozambique Canada 2018, ex. USA USA 2018
Mt
Steelmaking Coal Supply Growth Forecast
Key growth comes from recovery in Australia after Cyclone Debbie
Seaborne Steelmaking Coal Exports1
(Change 2018 vs. 2017)
Includes:
• Australia: recovery from Cyclone Debbie, Anglo Grosvenor ramp up
• Mozambique: Vale Moatize ramp up
• Canada: Conuma Willow Creek restart
• USA: Analyst views ranging from approximately -5 Mt to +5 Mt2
291
308
+14
+3 +1

67
US Coal Producers are Swing Suppliers
US Steelmaking Coal Exports1Australian Steelmaking Coal Exports1
0
10
20
30
40
50
60
70
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Mt
0
20
40
60
80
100
120
140
160
180
200
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Mt

6868
Seaborne Steelmaking Coal Exports
Coal gap developing and market could be short due to typical disruptions
Possible Restarts
and Projects1
Mt
Supply & Demand from Existing Mines1
275
285
295
305
315
325
2017 2018 2019 2020 2021 2022
Existing mines
Demand: base case (CRU)
Demand: high case (China imports flat)
Includes:
• Existing mines: expansion (~30 Mt) and depletion (~15 Mt)
• Expansions: Australia (~1/2); Mozambique (~1/5);
Russia/USA/Canada/Indonesia (~1/3)
• Depletion: Australia
Mt
Includes:
• Committed projects: Australia
• Possible restarts: Australia
• Probable projects: Australia
• Possible projects: Indonesia (~4/5); Russia (~1/5)
• Speculative projects: Australia
Gap to
base case
~5-20 Mt needed from
restarts and projects by 2022
Additional gap
to high case
Gap to
base case
Additional
gap to
high case
0
5
10
15
20
25
2018 2019 2020 2021 2022
Committed projects Possible restarts Probable projects
Possible projects Speculative projects

69
North America
~5%
Europe
2013: ~15%
2015: ~20%
2017: ~20%
China
2013: ~30%
2015: ~20%
2017: ~15%
Asia excl. China & India
2013: ~40%
2015: ~45%
2017: ~45%
Latin America
~5%
2nd Largest Seaborne Steelmaking Coal Supplier
Competitively positioned to supply steel producers worldwide
India
2013: ~5%
2015: ~5%
2017: ~10%
Sales Distribution

70
An Integrated Long Life Coal Business
Prince Rupert
Ridley
Terminal
Vancouver
Prince George Edmonton
Calgary
Westshore
Terminal
Quintette
Cardinal River
Elk Valley
Kamloops
British Columbia
Alberta
Seattle
Elkford
Sparwood
Hosmer
Fernie
Fording
River
Greenhills
Line
Creek
Elkview
Coal
Mountain
Elco
Elk Valley
1,150 km
Neptune
Terminal
Coal
Mountain
Phase 2
• >1 billion tonnes of reserves
support ~27 Mt of production
for many years
• Geographically concentrated
in the Elk Valley
• Established infrastructure
and capacity with mines,
railways and terminals

-
4
8
12
16
20
24
28
2015 2016 2017 2018 2019 2020 2021 2022 2023
Production(millionestonnes)
Annual Production
Fording River Greenhills (80%) Elkview
Line Creek Cardinal River Coal Mountain
Additional Elk Valley
Maintaining 27 Mt and/or Growing the Business1
Upcoming Closures
• Coal Mountain closing mid 2018 (2.5 Mt capacity)
• Cardinal River production slowing to 2020 closure
(1.4 Mt in 2018; 1.8 Mt capacity)
Current Growth
• Line Creek investing in a shovel and plant expansion
to build from 4 Mt to ~5 Mt
• Elkview investing in Baldy Ridge Extension and plant
capacity upgrades to build from ~6 Mt to ~8 Mt
(possibly 9 Mt)
• Greenhills investing in Cougar Pit Extension to
maintain ~5 Mt
• Fording River developing Swift and Turnbull to
produce more than ~9 Mt
Future Growth Potential
• Potential growth opportunities at Cardinal River and
Quintette
71

2018 Budget vs. 2017 Actuals
Transitioning Operations to Capture Margin
72
Strip ratio increasing from 10.2 to 10.5 with
closure of Coal Mountain
• Production gap will be made up at the other
Elk Valley mines
Hauling 1 km longer, offset with improved
truck productivities
• Fording River moving further into Swift
development
Truck/shovel operating costs down in the last
6 years despite normal wage and input
inflation; Operating costs increasing in 2018
related to:
• Life cycle maintenance repair work (e.g. haul
truck engines)
• Higher variable rates
‒ Diesel & tire prices
‒ Insurance & labour rates
Mine plan impacts, offset ~$2.70/t
by higher value product
Operating costs increasing ~$1.00/t
in 2018, offset by higher
productivities

4
5
6
7
8
9
10
11
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
CleanStripRatio
6 year avg
Strip Ratio Supports Future Production
• Strip ratio increase planned in 2018
‒ Low strip, low cost Coal Mountain closing
‒ Development at larger mines to increase
capacity and access to higher quality coals
• Future strip ratio on par with historical average
73
0
~~
$50
$60
$70
$80
$90
$100
2012 2013 2014 2015 2016 2017 2018
$/tonne
Total Costs¹
Strip Ratio

-
100
200
300
400
500
600
700
Capital($M)
Sustaining Major Enhancement Quintette
2009-2015 Avg 2016-2022 Avg
Reducing Average Mining Capital Spend by ~$7/t
2018 capital reinvestment in our
operations, lower future spend
2009-2015: Average spend of ~$13/t1
• Reinvestment in 5 shovels, 50+ haul
trucks, mining area development and plant
upgrades
2016-2022: Average spend of ~$6/t1
• Sustaining reinvestment in shovels, trucks
and technology to increase mining
productivity and processing capacity
Limited major enhancement capital
required to increase existing mine
capacity and offset Coal Mountain closure
74
Excl. Water
Capital Expenditures, Excluding Water Treatment

Water Sustaining Capital
75
2018-2022 - Five-year capital spend
expected to be $850M-$900M for:
• Commissioned one active water
treatment facility (AWTF)
• Construction of three additional AWTF’s
2023-2032:
• Average capital cost of ~$65M per year
• Up to five additional AWTFs
$850-900M Total
$65M

Water Strategy - Innovation
76
Promising Research
and Development
Saturated Rock Fills (SRF)
• 10,000m3/d full scale trial commissioned in
January 2018
‒ $41M construction, $10M annual
operating cost
‒ Potential to replace or augment cost of
AWTFs in the future
‒ Conclusive results expected end of 2019
Comparison based on
20,000 m³/day
Capital Operating
Total Initial ($M) Annual ($M)
AWTF (Design) $310 $22
SRF (Conceptual) $50 $10
Flow Pit
outline
Backfilled
ground
level
Flow
Inject mine
impacted water
Monitoring
Extract
treated water
Use and Enhancement of Biological
Process Present in Backfill Pits
Carbon Tracers

77
High Quality Hard Coking Coal Product
• Around the world, and especially in China,
blast furnaces are getting larger and
increasing PCI rates
• Coke requirements for stable blast furnace
operation are becoming increasingly higher
• Teck coals with high hot and cold strength
are ideally suited to ensure stable blast
furnace operation
• Produce some of the highest hot strengths in
the world
50 60 70 80 90 100
South Africa
Japan (Sorachl)
Japan
(Yubarl)
U.S.A.
Canada Other
Teck HCC
Australia
Japan
South Africa
Australia
(hard coking)
and Canada
U.S.A.
Australia
(soft coking)
10
20
30
40
50
60
70
80
Drum Strength Dl 30 (%)
CSR
Teck HCC

Sales Mix
• ~40% quarterly contract price
• ~60% shorter than quarterly pricing
mechanisms (including “spot”)
78
Index Linked Sales
• Quarterly contract sales index linked
• Contract sales index linked
• Contract sales with index fallback
• Spot sales index linked
Fixed Price Sales
• Contract sales spot priced
• Contract sales with index fallback
• Spot sales with fixed price
Product Mix
• ~75% of production is high-quality HCC
• ~25% is a combination of SHCC, SSCC,
PCI and a small amount of thermal
Key Factors Impacting Teck’s Average Realized Prices
• Variations in our product mix
• Timing of sales
• Direction and underlying volatility of the daily price assessments
• Spreads between various qualities of steelmaking coal
• Arbitrage between FOB Australia and CFR China pricing
Teck’s Pricing Mechanisms
Coal sales book generally moves with the market
Index Linked Fixed Price
~30%
~70%

79
Quality and Basis Spreads
Impact Teck’s average realized steelmaking coal prices
HCC / SHCC Prices and Spread1 HCC FOB / CFR Prices and Spread2
US$/t
US$/t
US$/t
US$/t
-60
-40
-20
0
20
0
50
100
150
200
250
300
350
HCC FOB Australia (LHS)
HCC CFR China (LHS)
CFR / FOB spread (RHS)
0
25
50
75
100
0
50
100
150
200
250
300
350
HCC/SHCC Prices and Spread
HCC (LHS)
SHCC (LHS)
HCC / SHCC spread (RHS)

80
Average Realized Steelmaking Coal Prices
Historical Average Realized Prices vs. Quarterly Contract Prices1
0%
20%
40%
60%
80%
100%
0
50
100
150
200
250
300
350
Q22010
Q32010
Q42010
Q12011
Q22011
Q32011
Q42011
Q12012
Q22012
Q32012
Q42012
Q12013
Q22013
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
Q42015
Q12016
Q22016
Q32016
Q42016
Q12017
Q22017
Q32017
Q42017
Q12018
US$/tonne
Teck Realized Price (lhs) Quarterly Contract Prices (lhs)
Teck Realized Price Relative to Contract (rhs)
Averaged 92% from Q2 2010

81
~75 Mt of West Coast Port Capacity Planned
Our portion is >40 Mt; exceeds current production plans, including Quintette
• Teck Canpotex Joint Venture
• Recently expanded to 12.5 Mt
• Planned growth to >18.5 Mt
Westshore Terminals
Neptune Coal Terminal
Ridley Terminals
West Coast Port Capacity
• Current capacity: 18 Mt
• Teck contracted at 3 Mt
• Teck is largest customer at 19 Mt
• Large stockpile area
• Currently 33 Mt
• $275M project for expansion to
35-36 Mt by 2019
• Contract expires March 2021
MillionTonnes(Nominal)
18
12.5
336
0
5
10
15
20
25
30
35
40
Ridley
Terminals
Neptune Coal
Terminal
Westshore
Terminals
Current Capacity Planned Growth
2-3

Neptune Facility Upgrade
Optimizing the footprint to allow for >18.5 Mtpa
82
• All permits in place, final project funds to be sanctioned in Q2 2018, with project
completion in H1 2020
• Work has commenced on the overpass and dumper vault; major construction and
fabrication contracts awarded
• The investment enhances the quality of the entire steelmaking coal portfolio
‒ Ensures globally competitive port rates
‒ Ownership of primary berth will ensure access to market
‒ Will provide sprint capacity (surge and recovery) to capitalize on price volatility
Securing a long-term, reliable
and globally competitive
supply chain solution for our
steelmaking coal business
Improvements include:
1. Overpass to improve site access
2. Investments to enhance environmental monitoring and performance
3. Improved train handling with addition of tandem coal dumper and track
to land second coal train on site
4. West coal shiploader replacement to increase capacity and reach

Notes: Appendix – Steelmaking Coal
Slide 58: Steelmaking Coal Price Exceeding Market Expectations
1. HCC price is based on the negotiated annual benchmark price from January 1, 2008 to April 13, 2010 and the Argus Premium HCC FOB Australia assessments from April 14,
2010, in US dollars. Steelmaking coal prices for the past ten years are calculated from January 1, 2008. Inflation–adjusted prices are based on Statistic Canada’s Consumer
Price Index. Source: Argus, Teck. Plotted to May 25, 2018.
Slide 59: Steelmaking Coal Facts
1. Source: IEA.
2. Source: CRU.
3. Source: World Coal Association. Assumes all of the steel required is produced by blast furnace-basic oxygen furnace route.
4. Source: The Coal Alliance. Assumes all of the steel required is produced by blast furnace-basic oxygen furnace route.
Slide 60: Synchronized Global Growth
1. Source: WSA, CRU.
2. Source: WSA, NBS.
Slide 61: Strong Chinese Steel Margins
1. Source: China HRC Gross Margins is estimated by Mysteel. China Domestic HCC Price is Liulin #4 price sourced from Sxcoal and is normalized to CFR China equivalent.
Seaborne HCC Price (CFR China) is based on Argus Premium HCC CFR China. Plotted to April 27, 2018.
Slide 62: Growing India Steelmaking Coal Imports
1. Source: WSA, Global Trade Atlas, Wood Mackenzie, CRU.
2. Source: Wood Mackenzie
Slide 63: Capacity Reductions in China Support Pricing
1. Source: Governmental announcements.
2. Breakdown of the remaining target for coal capacity reductions is calculated based on Fenwei estimates. Source: Fenwei, Teck.
Slide 64: Chinese Seaborne Steelmaking Coal Imports
1. Source: NBS, China Customs, Fenwei.
Slide 65: Large Users in China Increasing Seaborne Imports
1. Source: China Customs.
83

Notes: Appendix – Steelmaking Coal
Slide 66: Chinese Scrap Use to Increase Slowly
1. Source: WSA.
2. Source: China Metallurgy Industry Planning and Research Institute.
3. Source: CRU.
Slide 67: Steelmaking Coal Supply Growth Forecast
1. Source: Wood Mackenzie, CRU.
2. Source: Wood Mackenzie, CRU, Seaport Global Securities LLC, Clarksons Platou Securities Inc.
Slide 68: US Coal Producers are Swing Suppliers
1. Source: Global Trade Atlas.
Slide 69: Seaborne Steelmaking Coal Exports
1. Source: CRU.
Slide 72: Maintaining 27 Mt and/or Growing the Business
1. Subject to market conditions and obtaining mining permits.
Slide 74: Strip Ratio Supports Future Production
1. Total costs are transportation costs and site costs inclusive of inventory write-downs and capitalized stripping, excluding depreciation. 2018 is the mid-point of unit cost of sales
guidance.
Slide 75: Reducing Average Mining Capital Spend by ~$7/t
1. All dollars referenced are Teck portion net of Poscan credits for Greenhills at 80% and excluding the portion of sustaining capital relating to water treatment. The portion of
sustaining capital relating to water treatment is addressed on the following slide.
Slide 80: Quality and Basis Spreads
1. HCC price is average of the Argus Premium HCC Low Vol, Platts Premium Low Vol and TSI Premium Coking Coal assessments, all FOB Australia and in US dollars. SHCC price
is average of the Platts HCC 64 Mid Vol and TSI HCC assessments, all FOB Australia and in US dollars. Source: Argus, Platts, TSI. Plotted to May 2, 2018.
2. HCC FOB Australia price is average of the Argus Premium HCC Low Vol, Platts Premium Low Vol and TSI Premium Coking Coal assessments, all FOB Australia and in US
dollars. HCC CFR China price is average of the Argus Premium HCC Low Vol, Platts Premium Low Vol and TSI Premium JM25 Coking Coal assessments, all CFR China and in
US dollars. Source: Argus, Platts, TSI. Plotted to May 2, 2018.
Slide 81: Average Realized Steelmaking Coal Prices
1. Compares Teck’s average realized price to the negotiated quarterly benchmark price from Q1 2010 to Q1 2017, and to the index-linked quarterly contract price from April 1,
2017.
84

Copper
Business Unit & Markets

86
Copper Content in Electric Vehicles
Depends on technology, vehicle size and battery size
1
22
40
12
0.31
0.3
0.31
1
5
5
9.88
20
5
5
5
11
5
5
5
5
5
18
23
23
23
40
0
10
20
30
40
50
60
70
80
90
100
Internal
Combustion
Hybrid Electric Plug In Hybrid Battery Electric EBus Hybrid
KgsofCopperperVehicle
Battery Inverter Electric Motor HV Wire Other LV Wire
Copper Content by Type of Electric Vehicle

87
Copper Demand for Electric Vehicles
Electric Vehicles Copper Demand
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
ThousandsofTonnesofCopperContained
Car BEV Car HEV Car PHEV E-Bus Hybrid E-Bus BEV
+1.8 Mt

Steady Demand Growth & Increasing Copper Intensity
88
Chinese Copper Demand to Grow ~3-4%1 Increasing Copper Intensity with Booming
Electric Vehicles2
0
2,000
4,000
6,000
8,000
10,000
12,000 2013
2014
2015
2016
2017
2018E
2019E
2020E
ThousandTonnes
Others Transport Machinery
Appliances Construction Power
0
200
400
600
800
1,000
2011
2012
2013
2014
2015
2016
2017
2020E
2025E
ThousandTonnes
Plug-in CVs Plug-in PVs
Battery Electric CVs Battery Electric PVs
Commercial Vehicles (CVs) Passenger Vehicles (PVs)
2 million EVs in 2020
7 million EVs in 2025

Global Copper Mine Production Increasing Slowly
14,000
15,000
16,000
17,000
18,000
19,000
20,000
21,000
22,000
2015 2016 2017 2018 2019 2020 2021
Other China
Glencore Africa Restart Cobre Panama
Escondida New Mines
89
Thousandtonnescontained
• Mine production set to increase 700 kmt by 2021,
including:
‒ Glencore’s African mine restarts: 500 kmt
‒ Cobre Panama 350 kmt
‒ Escondida 300 kmt
‒ China (maybe) 400 kmt
‒ All others 700 kmt
• Oyu Tolgoi UG, Spence, Chuqui UG
‒ Reductions & closures (1,600 kmt)
• Mine production currently peaks in 2020
• Chinese mine production growth relatively flat
at ~100 kmt per year
• Total probable projects: 545 kmt
Global Copper Mine Production1

90
-1,200
-1,000
-800
-600
-400
-200
0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2018
e
Thousandtonnes
Copper Disruptions Continue into 2018
~6-7 Mt of copper production under labour negotiations this year
3.0%
Disruptions1
4.5%
0¢
10¢
20¢
30¢
40¢
Spot Realised TC/RC
TC/RCs Spot and BM Falling2
90

91
Chinese Copper Mine Projects1
Rapid Growth in Chinese Copper Smelter Capacity
Limited domestic mine growth
+2Mt of Smelting Projects in the Pipeline2
0
100
200
300
400
ThousandTonnes
2017
104 kt
2018
36 kt
2019
123 kt
2020
121 kt
0
100
200
300
400
ThousandTonnes,Blister
2018
1,640 kt
2019
230 kt
2017
280 kt

China More Important in Global Copper Market
Buying more copper from the rest of the world
92
Substantial Concentrate Imports Growth1
14%
15%
19%
22%
24%
29% 30%
33%
37%
40%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
0
2,000
4,000
6,000
8,000
10,000
2011
2012
2013
2014
2015
2016
2017
2018E
2019E
2020E
ThousandTonnes
Scope for Concentrate Imports
Chinese Mine Production
Continuous Growth of Imported Copper Units2
0
2,000
4,000
6,000
8,000
10,000
12,000
2015
2016
2017
2018E
2019E
2020E
ThousandTonnes
Copper anode imports Copper scrap imports
Copper cathodes Imports Copper concs Imports
Demand for imported cathodes shifting towards concentrate and scrap;
Copper scrap imports to drop 300-400 kt under China’s ban

93
Planned Copper Projects Will Not Meet Demand
Copper mine production peaks in 2020
0
1,000
2,000
3,000
4,000
5,000
Brownfield Probable Greenfield Probable SXEW Projects
Highly Probable + Probable
Projects Insufficient to Fill Gap1
kmt
13,000
15,000
17,000
19,000
21,000
23,000
25,000
27,000
29,000
31,000
Mine Production SXEW
Scrap Low Demand WM
Base Demand Teck High Demand ICA/Yale
kmtcontained
Gap to
low demand
scenario
Existing and Fully Committed Supply1
Mine projects set to increase 1.8 Mt by 2027
Includes: Quellaveco (330 kmt) Kamoa/Kakula (300 kmt)
QB2 (275 kmt) Golpu (110 kmt)
Rosemont (120 kmt) Tominsky (90 kmt)
Manto Verde (80 kmt) Mirador (60 kmt)
Los Pelambres Exp (55 kmt) Iranian Small Mines (135kmt)
Others, e.g Oyu Tolgoi UG, Spence, Chuqui UG (225 kmt)
At least 4.6 Mt needed
from new projects by 2027
Low Demand (1.6%): 4.6 Mt
Base Demand (1.8%): 5.6 Mt
High Demand (2.7%): 8.2 Mt
Gap to
low demand
scenario

Growth and Improvement Opportunities
Highland Valley Copper 2040 Project
• Advancing HVC Mine Life Extension Pre-Feasibility Study
- Targeting extension of ~15 years, to at least 2040
- Leveraging investments in Mill Optimization Project (2013) and D3 Ball Mill (2019)
- Capturing value from Shovel-based Ore Sorting and Autonomous Hauling
94

Zafranal
San Nicolás
NuevaUnión
QB2
0
200
400
600
800
1,000
Current
AverageAnnualCuEqProduction(kt)
Zafranal San Nicolás
NuevaUnión QB2
Highland Valley Antamina
Carmen de Andacollo QB
2017 CuEq Production (excl. QB)
Growth Potential: QB2, NuevaUnión, Project Satellite
Potential Production Profile
On a Copper Equivalent Basis1
770
274
0
500
1,000
1,500
2,000
Codelco
Freeport-McMoRan
Glencore
BHPBilliton
SouthernCopper
Teck-Potential
KGHMPolskaMiedz
FirstQuantumMinerals
RioTinto
Antofagastaplc
Vale
MMGLimited
AngloAmericanplc
Nornickel
NationalIranianCopper
Teck
KAZMinerals
SumitomoMetalMining
Kazakhmys
UGMK
LundinMining…
ThousandTonnes
Mine Production 2017 - Copper Only2
~864
~313
Teck
Potential #6
Teck
Current #16
95

96
Potential top 15 copper producer globally at 300,000 tonnes/year Cu equivalent
production, including 7,700 tonnes/year Mo, in the first five years1
Long initial life (25 years) with only 25% of resource; life extension and expansion
optionality
Project capital of US$4.7B1; attractive capital intensity of ~$16k per tonne annual CuEq2
Low cost - C1 cash cost of US$1.33/lb and AISC of US$1.37/lb in first 10 years3
Familiar, stable jurisdiction
QB2: Potential Tier One Asset
Robust Economics & Expansion Optionality
Copper Price (US$ per pound) $2.75 $3.00 $3.25 $3.50
Net present value at 8% (US$ millions) 565 1,253 1,932 2,604
Internal rate of return (%) 9.7% 11.7% 13.5% 15.2%
Payback from first production (years) 6.8 5.8 5.0 4.4
Annual EBITDA
First Full Five Years (US$M pa) 856 1,002 1,148 1,294
First Full Ten Years (US$M pa) 781 918 1,055 1,192
Life of Mine (US$ million pa) 685 811 937 1,063
Project Highlights4






Source: “Project location” -20.976693, -69.273655, 1460m.
Google Earth. February 20, 2018. Image: Landsat/Copernicus. Image: © DigitalGlobe Data SIO, NOAA, U.S. Navy, NGA, GEBCO.
Quebrada Blanca 2
Significant mine and infrastructure development
• 140 kt/d concentrator
• Tailings facility + transport system
• Concentrate pipeline (164 km)
• Water pipeline (160 km)
• Port (desalination plant, concentrate
filtration plant)
• Supporting roads and infrastructure
• 3rd party power supply and transmission line
97
Water Pipeline
Power Line
Utilities
Road
Concentrate Pipeline

Google Earth. February 20, 2018. Image: Landsat/Copernicus. Image: © DigitalGlobe Data SIO, NOAA, U.S. Navy, NGA, GEBCO.
Quebrada Blanca 2
Greenfield development, brownfield site
Key Activities
• Permitting
• Community Engagement/Agreements
• Advancing Detailed Engineering
• Execution Readiness
• Operational Readiness
98
Water Pipeline
Power Line
Utilities
Road

99
QB2: Large Resource Base
Great potential to significantly extend mine life
0
5
10
15
20
25
30
35
40 Large Resource Base Projects1
BillionsofRecoverablePounds

100
QB2: Bottom Half of C1+Sustaining Cost Curve
Expected to generate significant economic returns
-100
-50
0
50
100
150
200
250
300
350
400
0% 25% 50% 75% 100%
US¢/lb
C1+Sustaining Cost Curve 20171
QB2: First 5 Years
QB2: First 10 Years
Escondida
Antamina

101
QB2: Competitive Capital Intensity
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
US$/tpaCuEquiv
Completed Greenfield Completed Brownfield Project Greenfield Project Brownfield
Projects With >200 kmt/yr Copper1

Water Pipeline
Power Line
Conveyor / Utilities
Road
NuevaUnión (50% Interest)
A new, innovative approach to major mine development
102
• Addressing community concerns
– Reduced environmental footprint
– Innovative ore transport system
• Capturing project synergies
– One: plant, TMF, port, infrastructure
– Capital savings
Google Earth. February 19, 2018. Image: Landsat/Copernicus.

NuevaUnión Prefeasibility Study Results
103
Phased Development Approach Prefeasibility Study Parameters (100%)
Mine Life 36 years
Gold Contained in Concentrate 5.9 million oz
Copper Contained in Concentrate 15.7 billion lbs
Plant Size: Phases 1 / 2 / 3 (tonnes/day) 104,000 / 116,000 / 208,000
Copper Grade 0.40%
Gold Grade (La Fortuna only) 0.48 g/t
Molybdenum Grade (Relincho only) 0.016%
Strip Ratio (waste to ore) 1.70 : 1
C1 Costs first full 5 years (net of by products) ~US$0.71 / payable pound Cu
Average Production first 5 full years 224,000 t Cu / 269,000 oz Au
Initial Capital – Phase 1 US$3,400 to US$3,500 million
Major Enhancement Capital – Phase 2 & 3 US$3,600 to US$3,700 million
Sustaining Capital US$2,000 to US$2,100 million
Relincho
(104 ktpd)
La Fortuna
(116 ktpd)
Relincho
(208 ktpd)
Phase 1 Phase 2 Phase 3
Years 1-3 Years 4-18 Years 19-36

Project Satellite
Defining the path to value recognition
104
Disciplined decision making
Commercial, technical and
community expertise
Schaft Creek (75%)
Galore Creek (50%)
San Nicolás (100%)
Zafranal (80%)
Mesaba (100%)
Attractive, quality assets - Dedicated, focused team - Stable jurisdictions
Image
placeholder
Strategic capital allocation

Zafranal (80% Interest)
Advancing an attractive copper-gold asset in Peru
105
Long Life Asset
• 19 year life of mine1
• Further upside potential in the district
Quality Project
• Attractive front-end grade profile with rapid
payback
• Mid range C1 cash costs
Stable Jurisdiction
• Established mining region
• Permitting pathway well-defined
• Engaged with communities & regulators
• C$43M budget in 20182
• Targeting FS completion and SEIA submission
in Q4 2018
Class Tonnes
(Mt)
Cu
(%)
Au
(g/t)
Measured & Indicated1 467 0.38 0.07
Inferred1 21 0.24 0.06

San Nicolás (100% Interest)
Unlocking value from a Teck greenfield discovery
106
Long Life Asset
• One of the world’s most significant
undeveloped VMS deposits1
Quality Project
• Expect C1 cash costs in the 1st quartile
• Significant co-product Zn, and by-product
Au & Ag credits1
Stable Jurisdiction
• Established community engagement
• Located in Zacatecas, a well-established
mining district in Mexico
• 32,000m drill program underway
• C$28M Budget in 2018
• Targeting completion of PFS in Q3 2019
Class Tonnes
(Mt)
Cu
(%)
Zn
(%)
Au
(g/t)
Ag
(g/t)
Indicated1 91.7 1.24 1.7 0.46 26.7
Inferred1 10.8 1.24 1.0 0.26 17.4

Project Satellite
A path to value recognition
107
Mesaba (100% Interest)
Positioning a significant undeveloped Cu-Ni-PGE (Au-Ag-Co) deposit
• Resource update due in 2018, while advancing a permitting pathway
• Evaluating partnership opportunities
Schaft Creek (75% Interest)
Assessing development options for this large copper molybdenum project
• Evaluating staged development options
• Continuing baseline environmental and social programs
Galore Creek (50% Interest)
Building momentum on a high-grade copper gold asset
• Updating engineering and technical studies
• Pursuing partnership opportunities together with NOVAGOLD

Notes: Appendix – Copper
Slide 89: Steady Demand Growth & Increasing Copper Intensity
1. Source: NBS, ICA, Wood Mackenzie, CEC, ChinaIOL, Teck.
2. Source: Government plans, CAAM, ICA, Teck.
Slide 90: Global Copper Mine Production Increasing Slowly
1. Source: Wood Mackenzie, AME, Teck.
Slide 91: Copper Disruptions Continue into 2018
1. Source: Wood Mackenzie, AME, Teck, Company Reports.
2. Source: Wood Mackenzie, CRU, Metal Bulletin.
Slide 92: Rapid Growth in Chinese Copper Smelter Capacity
1. Includes mine projects with copper capacity >10 ktpa. Source: BGRIMM.
2. Source: CRU, BGRIMM, SMM, Teck.
Slide 93: China More Important in Global Copper Market
1. Source: China Customs, Wood Mackenzie, BGRIMM, Teck.
2. Source: China Customs, Wood Mackenzie, SMM, Teck.
Slide 94: Planned Copper Projects Will Not Meet Demand
1. Source: Wood Mackenzie, AME, Teck.
108

Notes: Appendix – Copper
Slide 96: Growth Potential - QB2, NuevaUnión, Project Satellite
1. Illustrative potential production profiles, including 90% of Quebrada Blanca 2’s first five years of full production, 50% of NuevaUnión’s first ten years of full production, 100% of
San Nicolás’ first five years of full production, and 80% of Zafranal’s first five years of full production, in each case based on relevant feasibility or pre-feasibility studies or scoping
studies. Copper equivalent production calculation assumes gold at US$1,200 per ounce, silver at US$18 per ounce, copper at US$3.00 per pound, zinc at US$1.10 per pound
and molybdenum at US$10.00 per pound.
2. Teck’s current production as reported by Wood Mackenzie. Teck’s potential production as estimated by Teck, based on current production, QB2, NuevaUnión, San Nicolas and
Zafranal. Source: Wood Mackenzie, SNL, Teck. As at May 4, 2018.
Slide 97: QB2 – Potential Tier One Asset
1. Average production rates, copper equivalent production rates, and initial development capital are based on the first full five years of full production.
2. 100% basis, in constant first quarter of 2016 dollars, excluding working capital and interest during construction. Teck owns a 76.5% share (90% effective April 2018).
3. C1 cash costs and strip ratio are based on the first ten years of full production. C1 cash costs are net of by-product credits.
4. 100% basis. See Teck’s fourth quarter 2016 news release dated February 15, 2017. Quebrada Blanca Phase 2 scientific and technical information was approved by Mr. Rodrigo
Alves Marinho, P.Geo., an employee of Teck. Mr. Marinho is a qualified person, as defined under National Instrument (NI) 43-101. EBITDA is a non-GAAP financial measure.
See “Non-GAAP Financial Measures” slides.
Slide 100: QB2 - Large Resource Base
1. Source: Wood Mackenzie. Shows reserves only for uncommitted projects.
Slide 101: QB2 - Bottom Half of C1+Sustaining Cost Curve
Slide 102: QB2 - Competitive Capital Intensity
Slide 106: Zafranal (80% Interest)
1. See the June 2016 Technical Report on the Pre-Feasibility published by AQM Copper Inc. filed on SEDAR.
2. Total project budget. Teck’s 80% Pro-rated share is approximately C$35M.
Slide 107: San Nicolas (100% Interest)
1. For current Reserve and Resource statements, see Teck’s 2017 AIF filed on SEDAR.
109

Steady Demand Growth & Increasing Zinc Intensity
111
Chinese Zinc Demand to Grow ~2-4%1
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000 2013
2014
2015
2016
2017
2018E
2019E
2020E
ThousandTonnes
Others Machinery Auto
Construction Consumer goods Infrastructure
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
2013
2014
2015
2016
2017
2018E
2019E
2020E
ThousandUnits Galvanized cars Non-galvanized cars
Galvanized %
More Cars Expected to be Galvanized2

Environmental/Safety Inspections & Depletions
Constraining zinc mine production
112
+36kt,
+6%
-144kt,
-20%
-4kt,
-1%
-28kt,
-9%
-17kt,
-12%
-50kt,
-15%
-43kt,
-22%
+8kt,
+3%
-33kt,
-31%
• Entire country under environmental & work safety inspections
• Blue regions are also suffering from depletion
• 2017 mine production down 1%YoY
-58kt,
-25%
Huoshaoyun
Most Regions Reporting Negative Growth1 Estimated Zinc Mine Growth Rarely Achieved2
100
350
270
180
300
250
360
200
-630
60
-50
135
-800
-600
-400
-200
0
200
400
600
2013 2014 2015 2016 2017 2018E
ThousandTonnes
Early-year estimate Adjusted estimate

Zinc Mine Projects Increasingly Delayed
Impacted by inspections and low zinc ore grades
113
Mine Depletion & Low Grades of Projects2Future Mine Growth Heavily Dependent
On One Single Project1
0
200
400
600
800
1000
ThousandTonnes
2018
136kt
2019-2020
886kt
2017
145kt
0
1
2
3
4
5
6
7
8
2011
2012
2013
2014
2015
2016
2017
2018E
2019E
2020E
2021E
OreGrade,Zinc% Existing mines New projects

China to Require More Zinc Concentrate Imports
114
China Will Have to Import
More Zinc in Concentrate2
Concentrate Stocks Rise,
Seasonal Build Insufficient1
0
50
100
150
200
250
0
100
200
300
400
500
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
TCsonImports($/dmt)
Thousanddmt
Port Concs Stocks TCs on Imported Concs
1,452
854
1,101
1,456 1,447
1,561
0
200
400
600
800
1,000
1,200
1,400
1,600
2015
2016
2017
2018E
2019E
2020E
ThousandTonnes,ZincinConcentrates
The seasonal winter build in concs stocks was done at high cost (low TCs) to smelters;
2017 build was insufficient to cover requirements, increasing scope for imports

Increasing Demand for Zinc Metal Imports
115
De-stocking to Continue
Despite Seasonal Rebound1,2
More Imported Zinc Metal
Required to Fill the Gap3
652
525
784
1,261
1,382
1,328
0
200
400
600
800
1,000
1,200
1,400
1,600
2015
2016
2017
2018E
2019E
2020E
ThousandTonnes
Seasonal metal build heavily weighted to imported bonded stocks;
If China does import 1.4 Mt of concentrates, still requires 1.3 Mt of metal imports
0
200
400
600
800
1,000
1,200
1,400
1,600
Jan-12
Jun-12
Nov-12
Apr-13
Sep-13
Feb-14
Jul-14
Dec-14
May-15
Oct-15
Mar-16
Aug-16
Jan-17
Jun-17
Nov-17
ThousandTonnes
Domestic Commercial Stocks Bonded Stocks
Smelter + Consumer Stocks

6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
16,000
15 16 17f 18f 19f 20f 21f
Other China Glencore
Dugald River Gamsberg New Mines
• Decline in mine production in 2016 (800 kmt)
• 2018 increase brings mine production back to 2015 levels
‒ Market living off refined stocks for the past four years
• Mine production peaks in 2020
• Mine production set to increase 840 kmt this year
‒ Dugald River (170 kmt)
‒ Gamsberg (250 kmt) to ramp up towards 2019
‒ Mount Isa (160 kmt)
‒ Zhairem (160 kmt) by mid-2020
‒ Several new small mines and restarts also planned
• Estimate mine production will increase 3.7%/yr 2018-2021
‒ Limited Chinese mine growth (~100-150 kmt increase)
Zinc Price Incentivizing New Mines
116
Global Zinc Mine Production1
kmtcontained

Zinc Treatment Charges Falling to Record Lows
117
Concentrate Stocks Seasonally Low1
0
10
20
30
40
50
60
70
80
0
100
200
300
400
500
600
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Days-of-use
Thousanddmt
Port Concs Stocks Smelter Stock Days
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
0
50
100
150
200
250
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16
Jan-17
Jan-18
DomesticTC(RMB/dmt)
ImportedTC($/dmt)
Imported spot TCs Domestic spot TCs
Not Enough to Prevent TCs Falling Further2
TCs ~US$25/t
Chinese Smelters
Co-ordinated Cut

118
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
0¢
50¢
100¢
150¢
200¢
250¢
LME Stocks SHFE Bonded Hidden Price
Daily Zinc Prices & Stocks1
US¢/lb
ThousandTonnes
• Global hidden stocks may have reached ~1.4 Mt in 2012, and total global stocks reached ~3.3 Mt
• Currently, hidden stocks are estimated to be <400 kmt
• Total stocks expected to reach critical levels in 2018, which will make the metal market very tight
118
Consecutive Deficits Decreasing Zinc Inventory

119
0
1,000
2,000
3,000
4,000
5,000
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Greenfield Brownfield/Restart
Includes: Tala Hamza (175 kmt) Huoshaoyun (400 kmt)
Citronen (180 kmt) Mehdiabad (400 kmt)
Ozemoe (350 kmt) Pavlovskoye (150 kmt)
McArthur Exp (185 kmt) Aripuana (85 kmt)
Selwyn (450 kmt) Kipushi (225 kmt)
Asmara (75 kmt) Dairi (125 kmt)
Iscaycruz (80 kmt) Aznalcollar (100 kmt)
Other projects (450 kmt)
11,000
12,000
13,000
14,000
15,000
16,000
17,000
18,000
Base Secondary Low Demand High Demand
Zinc Gap Forecast to Continue
Zinc mine production peaks in 2020
Uncommitted Projects
Insufficient to Fill Gap1
kmt
Existing and Fully Committed Supply1
At least 5 Mt needed from
new projects by 2027
Low Demand (1.8%): 5.0 Mt
High Demand (2.0%): 5.5 Mt
Gap to
low demand
scenario
kmtcontained
Gap
to low
demand
scenario

120
0
50
100
150
200
250
300
350
400
Thousandtonnes
Largest Global Net Zinc Mining Companies
Teck is the Largest Net Zinc Miner1
Provides Significant Exposure to a Rising Zinc Price
Public Company
Private Company
Teck

Red Dog Quickly Adapting to New Ore Source
121
Successful Qanaiyaq pit ramp up
- Difficult metallurgy and weathered ore
at start
- Stockpile blending strategies modified
- Achieving feed tonnage blend target of
~20%
Significant cost reductions realized
- Significantly improved throughput rates
from 450 tph to 510 tph
- Optimized use of reagents
- Higher Zn and Pb recoveries
0
10
20
30
0
10
20
30
2017 2018E 2019E-
2021E
QAN%ofMillFeed
ZnGrade(%)
QAN Feed QAN Grade
$50
$55
$60
$65
$70
$200
$225
$250
$275
$300
2013 2014 2015 2016 2017 2018E
OperatingUnitCosts
(US$/tmilled)
OperatingCosts
(US$,millions)
Operating Costs $/t milled

122
Red Dog Sales Seasonality
• Operates 12 months
• Ships ~ 4 months
• Shipments to inventory in Canada
and Europe; Direct sales to Asia
• ~65% of zinc sales in second half
of year
• ~100% of lead sales in second
half of year
21%
14%
31%
34%
0%
10%
20%
30%
40%
Q1 Q2 Q3 Q4
Zinc Sales1
0% 0%
57%
43%
0%
10%
20%
30%
40%
50%
60%
Q1 Q2 Q3 Q4
Lead Sales1

123
-
0.20
0.40
0.60
0.80
1.00
Q1 Q2 Q3 Q4
UnitCosts(US$/lb)
Red Dog Operating Cost Seasonality
Significant quarterly variation
Red Dog Unit Costs1
• Seasonality of Red Dog unit costs largely due to lead sales during the shipping season
• Zinc is a by-product credit at Antamina and accounted for in the Copper Business Unit

124
Red Dog in Bottom Quartile of Zinc Cost Curves
-50
0
50
100
150
200
0% 25% 50% 75% 100%
US¢/lb
C1+Sustaining Cost Curve 20181
Red Dog
-50
0
50
100
150
200
0% 25% 50% 75% 100%
US¢/lb
C1 Cost Curve 20181
Red Dog

125
• Large zinc production increase
− >50% in 2017 vs. the last 5 years
− Quarterly zinc production profile varies based on mine sequencing
• Mine life extension studies progressing
-
20
40
60
80
100
120
2012 2013 2014 2015 2016 2017 2018 2019-
2021
Production(kt)
Copper & Zinc Production1
Zinc Copper
Strong Zinc Production at Antamina
-
5
10
15
20
25
Q1-13
Q2-13
Q3-13
Q4-13
Q1-14
Q2-14
Q3-14
Q4-14
Q1-15
Q2-15
Q3-15
Q4-15
Q1-16
Q2-16
Q3-16
Q4-16
Q1-17
Q2-17
Q3-17
Q4-17
Production(kt)
Quarterly Zinc Production

Resetting the Bar at Trail Operations
• Annual refined zinc production
increased to ~310 kt since 2015
- Targeting further sustainable
improvements in zinc production
• Second new acid plant advancing well
- Improved reliability and stability
• Margin improvement programs
- Focus on cost management
- Improve efficiency
- Introduce value-added products
• Pend Oreille life extension potential
- Important low-iron feed source very
close to Trail
126
250
260
270
280
290
300
310
320
2010 2011 2012 2013 2014 2015 2016 2017 2018E 2019E-
2021E
AnnualZincProduction(kt)
#1 Acid Plant
#2 Acid Plant
Step Change in Refined Zinc Production

127
Building a Quality Zinc Inventory
Potential New GIANT System1

128
Global Context of Teck’s Zinc Resources
Well positioned; world class1
0
5
10
15
20
25
30
0 50 100 150 200 250 300 350 400 450 500
GradeZn+Pb%
Resource Million Tonnes
Red Dog
Past Production
Rampura
Agucha
Broken Hill
McArthur River
GIANT ZINC DEPOSITS (+6 Mt Zn+Pb)
Qanaiyaq
Aqqaluk
Teena
Anarraaq
Paalaaq
Su-Lik Hermosa
Aktigiruq Exploration Target1
80-150 Mt
16-18% Zn+Pb

Teena (100% Interest)
Greenfield discovery - Right time, right place, right insights
129
Long Life Asset
• 58Mt @ 11.1% Zn and 1.5% Pb (Inferred)1
• Most significant Zn-Pb discovery in
Australia since 1990 (Century/Cannington)
Quality Project
• Significant mineralized system
• High grade
• Premier zinc district
Stable Jurisdiction
• Stable regulatory environment
• Low sovereign risk
• Skilled workforce
• 2013 discovery
• 2016: Consolidated 100% ownership
• Next 18 months: Advancing delineation

Aktigiruq (100% Interest)
Uncovering potential in the brownfield environment
130
Long Life Asset
• Exploration target of 80-150 Mt @ 16-18%
Zn + Pb1
Quality Project
• Premier zinc district
• Significant mineralized system
• High grade
Stable Jurisdiction
• Operating history
• ~12 km from Red Dog operations
• Strong community ties
• 2001: Initial drill hole
• 2017: Exploration target announced
• Next 18 months: Advancing delineation

Deutsche Bank 9th Annual Global Industrials & Materials Summit

Deutsche Bank 9th Annual Global Industrials & Materials Summit

Related slideshows

More Related Content

Deutsche Bank 9th Annual Global Industrials & Materials Summit