Vantage Drilling Company GHS 100 Energy Conference San Francisco, California June 25, 2012
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…
Corporate Overview Symbol: VTG (NYSE AMEX) Location: HQ Houston; Operations Singapore; Marketing Dubai Market Cap: 450 million Book Value: 700 million Enterprise Value: 2.5 billion Employees: 1,000 Contract Backlog: 2.8…
Recent Developments Acquisition of 100% of Titanium Explorer announced on March 20, 2012; deal closed simultaneously with the delivery of the Titanium Explorer in April 2012 the Titanium Explorer has completed load-out and is sailing…
Company Highlights Premium high-specification drilling units, including four jackup rigs and three drillships Vantages modern rigs are capable of drilling to deeper depths and possess enhanced operational Premium Fleet efficiency and…
Company Highlights (Contd) Successful construction management arrangements for ultra-deepwater drillships, including completed Aker drillships and SeaDragon semisubmersible projects and ongoing Dalian Developer Construction project.…
Premium Owned Fleet with a Proven Operational Track Record Owned Assets Construction Management Projects Newbuild Ultra-Premium Marine Pacific Class 375 Jackups Ultra-Deepwater Drillship Emerald Driller Sapphire Driller Topaz…
Business Strategy Customer demand for new high-specification units supported by: Capitalize on Customer - Need for rigs well-suited for drilling through deep and complex formations and drilling horizontally Demand for High- - Enhanced…
Strong Customer Relationships Key Customers 9
Ultra-Premium Jackup Fleet Increased Operational Efficiency and Quarterly Financial Performance Improved Technical Capability: Faster drilling times 60 50 Faster moving times 40 Increased volumes of consumable liquids and 30…
Premium Asset Advantage International vs. GOM Jackup Utilization Global Jackup Utilization 100% Premium jackups (350 + IC rigs) 100% 90% and ultra-deepwater floater have 80% historically maintained 80% 60% significantly higher…
Profile of Global Jackup Fleet Capabilities and age The current worldwide fleet is comprised mostly of older, inefficient rigs 22% of todays jackups are mat-supported and/or have less than 200ft of water depth capability 68% of todays…
Global Deepwater Market Ultra-Deepwater Rig Supply is Increasing Significantly Deepwater Exploration is a Young, Rapidly Growing Market Demand is Likely to Exceed Rig Supply Despite Newbuilds Recent fixtures 650,000 per day…
Financial Overview Balance Sheet (Millions) December 31, December 31, March 31, 2010 2011 2012 Cash a nd c ash equivalents 120.4 110.0 56.5 Restricted c ash 29.0 7.0 5.4 Trade r eceivables 50.2 100.9 113.6 Inventory 19.8 24.4…
Significant Upside Valuation Potential Price to Book Value Implied Values EV/EBITDA Todays Historical Low Peer Avg. Peer Avg. Peer Group (current) 140% 7.8x 11.6x EBITDA 6.5x 350 million 1.30 3.70 5.43 Peer Group (2009-2010) 190%…
Financial Overview Historical Financial Information Achieved record Revenue and ( Millions) Adjusted EBITDA in 1st Quarter 2012 140.0 131.8 124.6 120.9 121.3 118.5 120.0 100.0 84.9 80.0 68.4 66.9 58.3 60.3 60.0 49.7…
Appendix Reconciliation of Net Income (Loss) to Adjusted EBITDA (Millions) Fiscal Quarter Ended, 6/30/2009 9/30/2009 12/31/2009 3/31/2010 6/30/2010 9/30/2010 12/31/2010 3/31/2011 6/30/2011 9/30/2011 12/31/2011 3/31/2012 Net i…
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