Vantage Drilling Company J.P. Morgan 2015 Global High Yield & Leveraged Finance Conference Miami, Florida February 24, 2015
Vantage Drilling Company Overview
Company Overview NYSE VTG Market Cap 127 Million Book Value 541 Million Enterprise Value 2.8 Million Employees 1,300 Vantage Offices 4 Jackups 3 Drillships, plus 1 under Construction
Conditions Have Significantly Depressed Corporate Debt and Equity
Vantage Drilling Strategic Focus
Strategic Overview Vantage was founded with a vision of bringing the best people together with the highest specification, modern fleet in Experienced the offshore drilling industry. People High With exceptional operating…
Our People Industry leading safety record Lost time incident rate in 2013 and 2012 were .32 and Our senior management team .00, respectively, as we completed averages over 30 years of approximately 2.5 million and 2.2 million…
Vantage Drilling 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…
Fleet Status Customer backlog of approximately 2.5 Billion provides visibility to cash flows Ownership 2013 2014 2015 Rig % Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Jackups Emerald Driller 100% 130,000 156,000 (2 years) Sapphire…
Strong Customer Backlog We have focused our marketing efforts on 2.5 Billion of backlog with customers with long-term drilling requirements strong customer base: with the opportunity for long-term contracts 4% IOC 17% NOC…
Market Conditions Deliveries of newbuild rigs have saturated the Considerations marketplace and are negatively impacting By the end of 2016, pricing. How many rigs will have been cold stacked or scrapped Because of ready…
Significant Growth Achieved Revenue Income from Adjusted EBITDA Operations 363.5 800.0 732.1 375.0 300.0 256.9 600.0 300.0 ( in millions) ( in millions) 485.8 471.5 216.0 ( in millions) 225.0 146.6 225.0 176.0…
Debt Maturities and Leverage Debt Maturities 1,600.0 No significant debt maturities 1,400.0 until 2017 1,200.0 Cash flow from operations 1,000.0 projected to cover all debt ( in millions) service through 2018 800.0…
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