Vantage Drilling Company · OTC:VTGDF
Vantage Drilling — Deutsche Bank Leveraged Finance Conference 2015
14 slides from Vantage Drilling's conference presentation, Sep 29, 2015
Slide 1: Vantage Drilling Company
Exhibit 99.1 Vantage Drilling Company Deutsche Bank Leveraged Finance Conference Scottsdale, Arizona September 29, 2015
Slide 2: Forward-Looking Statements
Forward-Looking Statements Some of the statements in this presentation constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not his
Slide 3: Company Overview
Company Overview Vantage Offices 4 Jackups 3 Drillships
Slide 4: Important Considerations
Important Considerations • Vantage’s liquidity position is strong at about $250 million. • Vantage has retired about $400 million in debt from operating cashflows over the past 7 quarters. • Vantage has very limited scheduled maturities before late 2017, only about $12 million per quarter. • Vantage
Slide 5: Significant Ongoing Matters
Significant Ongoing Matters PetrobrasContract Arbitration • Petrobras wrongfully terminated the contract for Titanium Explorer on August 31, 2015. Backlog of about $1.1 billion (~5.5 years) was remaining. • Vantage has commenced arbitration proceedings in Texas for recovery of damages. Cobalt Explor
Slide 6: Strategic Overview
Strategic Overview Vantage was founded with a vision of Experienced bringing the best people together People with the highest specification, modern fleet in the offshore drilling High industry. Financial Specification Structure Assets Long Term With exceptional operating Customer performance and a f
Slide 7: Our People
Our People • Industry leading safety record – Lost time incident rate in 2014 and 2013 were .35 Our senior management team and .32, respectively, as we completed averages over 30 years of approximately 2.8 million and 2.5 million Industry experience man-hours The cornerstones of our corporate Jack-u
Slide 8: High Specification Assets
High Specification Assets High-specification drillships combined with deep in-house We have built a fleet of new, premium assets operations and technical teams, have been the key to that our customers demand now and for the awards to Vantage of high-profile, complex, ultra- future. deepwater project
Slide 9: Fleet Status
Fleet Status 2014 2015 2016 Rig Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Jackups Emerald Driller $156,000 (2 years) $80,000 3 wells 8 well options Sapphire Driller $183,000 (18 months) $140,000 (6 months) Aquamarine Driller $155,000 $130,000 Topaz Driller $155,000 $152,500 (1 well) $130,000 $130,000 $99,
Slide 10: Strong Customer Base
Strong Customer Base We have focused our marketing efforts on customers with long-term drilling requirements with the opportunity for long-term contracts
Slide 11: Market Conditions
Market Conditions • Deliveriesof newbuild rigshavesaturatedthe Considerations – marketplace and are negatively impacting pricing. • By the end of 2016, How many rigs will have been cold • Because of ready availability of rigs (from added stacked or scrapped? supply), customers are not contracting ri
Slide 12: Significant Growth Achieved
Significant Growth Achieved Revenue Income from Operations Adjusted EBITDA $293.3 $418.8 $1,000.0 $875.6 $300.0 $450.0 $365.2 $256.9 $800.0 $732.1 $375.0 $225.0 $300.0 $216.0 $600.0 $485.8 $146.6 $471.5 $150.0 $110.2 $225.0 $176.0 $400.0 $278.4 $150.0 $46.9 $81.8 $200.0 $111.5 $75.0 $18.4 $75.0 $30.
Slide 13: Debt Maturities and Leverage
Debt Maturities and Leverage Debt Maturities $1,600.0 $1,400.0 $1,200.0 • No significant debt maturities $1,000.0 until 2017 $800.0 • We have retired approximately $600.0 $400 million of debt over the $400.0 last 7 quarters; saving $22.5 $200.0 million per year of cash interest $- As of December 31,
Slide 14: Vantage Drilling
Vantage Drilling Questions and Answers
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