Vantage Drilling Company · OTC:VTGDF
Vantage Drilling — RBC Capital Markets Global Energy and Power Executive Conference 2015
16 slides from Vantage Drilling's conference presentation, Jun 1, 2015
Slide 1: Vantage Drilling Company – RBC Global Energy and Power Executive Conference
Vantage Drilling Company RBC Capital Markets Global Energy and Power Executive Conference New York June 1, 2015 Exhibit 99.1 Vantage Drilling Company
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: Vantage Drilling Company Overview
Vantage Drilling Company Overview
Slide 4: Company Overview
NYSE VTG Market Cap $115 Million Book Value $579 Million Enterprise Value $2.6 Billion Employees >1,300 Company Overview Vantage Offices 4 Jackups 3 Drillships, plus 1 under Construction
Slide 5: Reality vs. Perception
Reality Perception Market Conditions Have Significantly Depressed Corporate Debt and Equity • The market for offshore rig services (even modern, efficient rigs) is severely depressed and it is believed that a recovery to more normal conditions will take several years. • Vantage has a fleet comprised
Slide 6: Vantage Drilling Strategic Focus
Vantage Drilling Strategic Focus
Slide 7: Strategic Overview
Strategic Overview Vantage was founded with a vision of bringing the best people together with the highest specification, modern fleet in the offshore drilling industry. With exceptional operating performance and a focus on service, we have built an excellent portfolio of customers who have provided
Slide 8: Our People
Our People • Industry leading safety record – Lost time incident rate in 2014 and 2013 were .35 and .32, respectively, as we completed approximately 2.8 million and 2.5 million man-hours • Jack-up fleet has achieved approximately 99% productive time over the first months of operations. Each jack-up
Slide 9: Vantage Drilling High Specification Assets
Vantage Drilling High Specification Assets
Slide 10: High Specification Assets
Cobalt Explorer , a 7 th generation, dual-activity UDW drillship equipped with (2) seven-ram BOP’s and 10,000 feet of riser, will be our most technically advanced drillship We have built a fleet of new, premium assets that our customers demand now and for the future. High Specification Assets
Slide 11: Fleet Status and Customer Backlog
Customer backlog of approximately $1.9 Billion provides visibility to cash flows $156,000 (2 years) $183,000 (18 months) $140,000 (6 months) $155,000 $130,000 $155,000 $152,500 (1 well) $155,000 2015 extension 2016 4 well options $590,000 (5 years) $585,000 (8 years) 5 wells 60 days $641,000 (2 year
Slide 12: Strong Customer Backlog
We have focused our marketing efforts on customers with long-term drilling requirements with the opportunity for long-term contracts Strong Customer Backlog
Slide 13: Market Conditions
Considerations – • By the end of 2016, How many rigs will have been cold stacked or scrapped? Even with new rig deliveries, will the global fleet of remaining workable rigs be at the level of 2010/2011? How soon and how much will Petrobras demand be a major factor? What will be the price of oil? Per
Slide 14: Significant Growth Achieved
Emerald Driller Sapphire Driller Aquamarine Driller Topaz Driller Platinum Explorer Titanium Explorer Tungsten Explorer Significant Growth Achieved December 2008 July 2009 September 2009 December 2009 November 2010 April 2012 July 2013
Slide 15: Debt Maturities and Leverage
• No significant debt maturities until 2017 • We have retired approximately $310 million of debt over the last 6 quarters; saving $18.1 million per year of cash interest As of December 31, March 31, 2015 2011 2012 2013 2014 Debt Maturities and Leverage Long-term Debt $1,246.4 $2,710.6 $2,852.1 $2,63
Slide 16: Questions and Answers
Vantage Drilling Questions and Answers
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