Teck's Financial and Operations Outlook
Teck
Strong balance sheet
Liquidity1
$7.9B
Strong Balance Sheet and Shareholder Returns
Cash position¹
•
$2.5B
Balancing growth with shareholder returns
•
Dividends
Paid $515 million in 2023
Board approved quarterly base dividend of $0.125 per share
payable on March 28th
Share Buybacks
•
$250 million completed in 2023
Board authorized $500 million share buyback in February 2024
Net Debt to Adjusted EBITDA*,2
1.1x
Credit Ratings¹
Investment grade
•
Repaid US$294 million of the QB2 project finance facility in 2023
•
Closed minority sale of steelmaking coal business and
received US$1.3 billion in cash proceeds from Nippon Steel
* Net debt to adjusted EBITDA is a non-GAAP ratio. See "Non-GAAP Financial Measures and Ratios" slides.
Track record of significant returns to shareholders
In the last five years (2019-2023):
$2.5B
Share buybacks
$1.4B
Dividends
12
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