Vantage Drilling Company · OTC:VTGDF
Vantage Drilling — GHS 100 Energy Conference 2013
14 slides from Vantage Drilling's conference presentation, Jun 26, 2013
Slide 1: Vantage Drilling Company – GHS 100 Energy Conference
Exhibit 99.1 Vantage Drilling Company GHS 100 Energy Conference Chicago, Illinois June 26, 2013
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: Corporate Overview
Corporate Overview Symbol: VTG (NYSE AMEX) Location: HQ – Houston; Operations – Singapore; Marketing – Dubai Market Cap: $550 million ($1.82 per share) Book Value: $568 million ($1.93 per share) Enterprise Value: $2.7 billion Employees: > 1,000 Contract Backlog: approximately $3.0 billion Owned Flee
Slide 4: Recent Developments
Recent Developments Awarded 90-day contract for Tungsten Explorer commencing upon delivery from shipyard and short mobilization; approximately $68.2 million of backlog including mobilization fees. Additionally, we received a Letter of Award for Tungsten Explorer for 3 wells in Southeast Asia at mark
Slide 5: Vantage Strategic Focus
Vantage Strategic Focus Right Right People To provide the long-term Assets value to our shareholders, we must first invest in the right people and the right assets to pursue the business opportunities. The Shareholder right customers have the Value long-term business opportunities that provide the s
Slide 6: Right People
Right People Our senior management team averages over 29 years of Industry experience. The cornerstones of our corporate culture are safety and professionalism. • Industry leading safety record – in 2012, we completed over 2.2 million man-hours with 0 lost time incidents, • Jack-up fleet has achieve
Slide 7: Right Assets
Right Assets We have built a fleet of new, premium assets that our customers demand now and for the future. Premium high-specification drilling units, including four jackup rigs and three drillships. Total costs of owned fleet of approximately $3.2 billion. High-specification drillships combined wit
Slide 8: Premium Fleet with a Proven Track Record
Premium Fleet with a Proven Track Record Owned Assets Management Projects Newbuild Ultra-Premium Marine Pacific Class 375 Jackups 6 Ultra-Premium Jackups Emerald Driller Sapphire Driller Topaz Driller Aquamarine Driller Mexican Operator • Hired by newly formed • Delivered On-Time, On- • Delivered On
Slide 9: Strong Demand for Assets
Strong Demand for Assets Jackup Market – Deepwater and Ultra-deepwater Significant Replacement Cycle Markets – Growth Cycle Capabilities and age – The current worldwide fleet is comprised mostly of older, inefficient rigs – 15% of today’s jackups are mat-supported and/or have less than 200ft of wate
Slide 10: Right Customers
Right Customers We have focused our marketing efforts on customers with long-term drilling requirements with the opportunity for long-term contracts. All of our jack-ups are currently working for repeat customers. We currently have over $3.0 billion of backlog. We have continuously improved our cust
Slide 11: Customers Provide Strong Backlog
Customers Provide Strong Backlog Customer backlog of approximately $3.0 Billion provides visibility to cash flows Ownership 2012 2013 2014 Rig % Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Jackups Emerald Driller 100% $130,000 $156,000 (2 years) Sapphire Driller 100% $120,000 (net of taxes) $165,000 (net) 2
Slide 12: Right Financial Structure
Right Financial Structure Our financial leverage is counter-balanced by a strong contract backlog and long-term visibility of cash flows. • We have refinanced our senior debt – • Staggered maturities through 2023, • Added flexibility to pre-pay debt without premiums, • Reduced annual cash interest c
Slide 13: Strong Growing Cash Flow to Service Debt
Strong Growing Cash Flow to Service Debt Long-term contracts provide visibility to cash flow to support existing leverage. Investments made to-date generating favorable returns for the future. With the deployment of theTungsten Explorer later this year, Vantage will have a full run rate for its flee
Slide 14: Strategic Focus
Strategic Focus Near Term Next Steps Debt Refinancing – DONE • Deployment & startup of Tungsten Explorer – resulting in EBITDA run-rate > $500 million; Titanium Explorer back to full day rate – dramatically increasing profitability DONE • Deployment of Palladium Explorer – Nov. Tungsten Explorer con