Vantage Drilling 8-K Some of the statements in this presentation constitute forward-looking statements. Forward-looking statements relate to

Vantage Drilling Company

J.P. Morgan Global High Yield & Leveraged Finance

Conference

Miami, Florida

February 25, 2013

Exhibit 99.1

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 historical facts.  The forward looking statements contained in this presentation involve risks

and uncertainties as well as statements as to:

•

our limited operating history;

•

availability of investment opportunities;

•

general volatility of the market price of our securities;

•

changes in our business strategy;

•

our ability to consummate an appropriate investment opportunity within given time constraints;

•

availability of qualified personnel;

•

changes in our industry, interest rates, the debt securities markets or the general economy;

•

changes in governmental, tax and environmental regulations and similar matters;

•

changes in generally accepted accounting principles by standard-setting bodies; and

•

the degree and nature of our competition.

The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking

into account all information currently available to us.  These beliefs, assumptions and expectations can change as a result

of many possible events or factors, not all of which are known to us or are within our control.  If a change occurs, our

business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-

looking statements.

Forward-Looking Statements

2

Symbol:

VTG (NYSE AMEX)

Location:

HQ

–

Houston;

Operations

–

Singapore;

Marketing

–

Dubai

Market Cap:

$485 million ($1.62 per share)

Book Value:

$569 million ($1.90 per share)

Enterprise Value:

$2.7 billion

Employees:

> 1,000

Contract Backlog:

$3.1 billion

Owned Fleet:

4 Ultra-Premium Jackups (operating in SE Asia & West Africa)

2 Ultra-Deepwater Drillships (operating offshore India & GOM)

1 Ultra-Deepwater

Drillship

(under

construction

–

Q2

2013

delivery)

1

42%

owned

Ultra-Deepwater

Drillship

(under

construction

–

Q4

2015

delivery)

Managed Fleet:

1 Ultra-Deepwater

Drillship

(under

construction

–

Q2

2013

delivery)

1 Ultra-Premium Jackup (mobilizing)

3 Ultra-Premium Jackups (under construction)

Corporate Overview

3

Recent Developments

4

Awarded

2-year

contract

in

West

Africa

for

Tungsten

Explorer

commencing

in

the

2   

quarter

2014,

plus

four

6-month

options;

approximately $468 million of backlog over the initial 2-year term.  We are in discussion with several oil companies and

anticipate booking up to one additional year of work following shipyard delivery.

Acquisition of 42% of Sigma Drilling Ltd for $31 million; Sigma is a new-created joint venture with Skeie Group and other

investors, formed to construct a BT-UDS dynamical positioned ultra deepwater drillship at STX Offshore & Shipbuilding with an

expected delivery date of November 2015. We anticipate that we will achieve management fees in excess of $15 million once

the rig commences operations in 2016, in addition to our share of earnings.

Vantage

was

appointed

as

rig

manager

for

4

new

high-specification

jackups.

Vantage

will

oversee

the

final

stages

of

shipyard

construction and commissioning and then mobilize the jackups to Mexico where two are expected to commence operations in

2013 and two are expected to commence operations in 2014.

Refinanced $1.0 billion of 11.5% senior notes at 7.5% significantly reducing cash interest costs and rescheduled $1.0 billion of

debt

maturities

from

2015

to

2019.

The

new

Senior

Notes

are

now

trading

above

par

to

yield

approximately

7.0%

Raised $500 million 5-year term loan for remaining shipyard payments, development costs and mobilization costs for the

Tungsten Explorer

(scheduled delivery Q2 2013)

We have substantially added to the contract backlog for our jackups:

Topaz

Driller

awarded

a

1-year

drilling

program

in

Indonesia;

approximately

$57

million

of

backlog.

Emerald

Driller

awarded

a

2-year

contract

at

$156,000

per

day;

approximately

$114

million

of

backlog.

Aquamarine Driller

contract extended for an additional year at $153,400 per day; approximately $56 million of backlog.

Sapphire Driller

awarded additional contracts at $165,000 per day net of taxes; approximately $34.5 million of backlog.

nd

(1)

PVEP Phu Quy Petroleum Operating Co. Ltd. is a joint venture interest between PetroVietnam Exploration Production Corp. and Total E&P Vietnam.

Company Highlights

5

Premium high-specification drilling units, including four jackup rigs and three drillships

Vantage’s modern rigs are capable of drilling to deeper depths and possess enhanced operational

efficiency and technical capabilities, resulting in higher utilization, dayrates and margins

Total

costs

of

owned

fleet

of

four

jackups,

the

Platinum

Explorer

drillship

and

the

Titanium

Explorer

of

approximately  $2.6 billion (

$3.2 billion upon delivery/completion of Tungsten Explorer)

Premium Fleet

Highly

successful

track

record

of

managing,

constructing,

marketing

and

operating

offshore

drilling

units

Deep

in-house

technical

team

of

engineers

and

construction

personnel

overseeing

complex

construction

projects

All newbuilds delivered on budget and on time

Jackup

fleet

has

experienced

approx.

99%

of

productive

time

for

Vantage’s

first

48

months

in

operation

Proven Operational

Track

Record

Significant long-term cash flow visibility

Contract backlog of approximately $3.1 billion with industry leading E&P Companies.

Work experience includes a strong customer mix including:

Significant

Contract Coverage

with

High Quality

Counterparties

–

Level of efficiency is “best in class”

–

Total, ENI, Petrobras, ONGC, Petronas Cargali, PTT Thailand, Pearl Energy, Bowleven, Foxtrot

International, Phu Quy

(1)

, and Salamander.

Successful construction management arrangements for ultra-deepwater drillships, including

completed

Aker

drillships

and

SeaDragon

semisubmersible

projects

and

ongoing

Dalian Developer

project.

Provided Vantage with significant engineering expertise and experience in Korean, Chinese and

Singaporean shipyards.

Management team with extensive experience; average of 29 years in the drilling industry

Includes international and domestic public company experience with industry-leading peers involving

numerous acquisitions and debt and equity financings.

Experienced

operating

and

technical

personnel

with

highest

level

of

expertise.

Construction

Supervision and

Management

Arrangements

Experienced

Management and

Operational Team

Company Highlights (Cont’d)

6

Owned Assets

•

Delivered On-Time, On-

Budget -

December 2008

•

Hired by Financial Institution to

provide shipyard oversight

following bid process

•

Delivery Q2 2013

•

3    newbuild project at DSME

•

Leverages shipyard experience

•

Favorable costs and delivery

schedule

•

Delivery Q2 2013

Tungsten Explorer

Premium Owned Fleet with a Proven Operational

Track Record

7

•

2    Successful newbuild at

DSME

•

Delivery April 2012

•

On Contract by Q4 2012

Construction

Management

Projects

Dalian Developer

Newbuild Ultra-Premium Marine Pacific Class 375 Jackups

Emerald Driller

Sapphire Driller

Aquamarine Driller

Topaz Driller

Platinum Explorer

Ultra-Deepwater 12,000 ft Drillships

•

Delivered On-Time, On-

Budget -

November 2010

•

Delivered On-Time, On-

Budget -

July 2009

•

Delivered On-Time, On-

Budget -

December 2009

•

Delivered On-Time, On-

Budget -

September 2009

Titanium Explorer

Ultra-Deepwater Drillship

Palladium Explorer

•

Newbuild project at STX

Offshore

•

7    generation dual-BOP,

dual-derrick

•

Delivery Q4 2015

Mexican Operator

4 Ultra-Premium Jackups

•

Hired by newly formed

drilling company to

manage fleet

nd

rd

th

Business Strategy

8

Capitalize on Customer

Demand for High-

Specification Units

•

Customer demand for new high-specification units supported by:

–

Need for rigs well-suited for drilling through deep and complex formations and drilling horizontally

–

Enhanced efficiency providing faster drilling and moving times

–

Improved safety features and lower downtime for maintenance

Focus on Long-term

Contracts

•

Long-term

drillship

contracts

for

Platinum

Explorer

(5

years),

Titanium

Explorer

(8

years)

and

Tungsten

Explorer

(2 years)

•

Jackups operating on contracts with multi-year term

•

Agreed multi-year extension for Emerald Driller

•

$3.1 billion in contract backlog mitigates cyclical oil and gas industry risk

Expand Key Industry

Relationships

•

Focused on expanding relationships with national oil companies, major oil companies, large independents and

super-regionals (generally longer contract duration)

•

Strong

existing

relationships

have

contributed

to

large

existing

backlog

and

repeat

business

with

customers

Pursue Expansion

Opportunities

•

•

Growth through acquisitions of assets and other offshore drilling companies

•

Both deepwater and jackups attractive; however current conditions favor ultra-deepwater

Organic growth through attractive shipyard orders, joint ventures and asset management agreements.

Vantage Offices

Owned Rigs

Managed Rigs

Titanium Explorer

Contract: Petrobras

U.S. GOM

Contract: ONGC

Platinum Explorer

India

Houston

Singapore

Dubai

Contract: PTT

Emerald Driller

Thailand

Aquamarine Driller

Contract: Petronas

Carigaili

Malaysia

Topaz Driller

Contract: Total

Indonesia

Country of Operation

Sapphire Driller

Contract: Foxtrot

Ivory Coast

Worldwide Operations

9

Primus

Mobilizing

Mexico

3 Jackups

Under Construction

Singapore

1 Drillship

Under Construction

Korea

Tungsten Explorer

Contract: TBA

West Africa

Strong Customer Relationships

10

Key Customers

•

Faster drilling times

•

Faster moving times

•

Increased volumes of consumable liquids and

drilling fluids

•

Reduced boat runs and non-productive time

•

Improved pipe handling and offline capability

•

Fast preloading time for all tanks

•

75’

x 30’

cantilever reach substantially greater

than the industry average

•

Pipe decks allow increased storage capacity

•

Premium drilling package:

•

3 x 2200HP mud pumps

•

Integrated diverter system

•

18-¾’’

BOP system and 4 rams

•

High-capacity, high efficiency –

5 x CAT 3516 B

Diesel engines

Quarterly Financial Performance

Ultra-Premium Jackup Fleet

11

World class assets achieving world class performance

Fleet productive time approximately 99% since inception

Emerald Driller

Sapphire Driller

Aquamarine Driller

Topaz Driller

Increased Operational Efficiency and Improved

Technical Capability:

(1)

Average

drilling

revenue

per

day

is

based

on

the

total

estimated

revenue

divided

by

the

minimum

number

of

days

committed

in

a

contract.

Unless

otherwise

noted,

the

total

revenue

includes

any

mobilization and demobilization fees and other contractual revenues associated with the drilling services.

(2)

The drilling revenue per day includes the achievement of the 12.5% bonus opportunity, but excludes mobilization revenues and revenue escalations included in the contract.

Fleet Status –

Average Drilling Revenue/Day

(1)

12

Ultra-Deepwater Rig Supply is Increasing Significantly

Deepwater Exploration is a Young, Rapidly Growing Market

Demand is Likely to Exceed Rig Supply Despite Newbuilds

Source: ODS-Petrodata, DnB NOR

Global Deepwater Market

13

Market Overview -

Global Oil Production vs. E&P

Spending

Source: EIA & Barclays Research

1997 -2012

2009-2012

CAGR Spending

9.9%

14.3%

CAGR Production

1.2%

1.8%

14

Balance Sheet

($Millions)

Financial Overview

15

December 31,

December 31,

December 31,

December 31,

2009

2010

2011

2012

Cash and cash equivalents

16.0

$               

120.4

$            

110.0

$            

502.7

$            

Restricted cash

28.9

29.0

7.0

3.5

Trade receivables

17.5

50.2

100.9

119.5

Inventory

10.8

19.8

24.4

37.9

Prepaid expenses and other current assets

8.0

11.5

16.9

25.2

81.2

230.9

259.3

688.8

Property and equipment, net

888.2

1,718.1

1,805.1

2,717.5

Investment in joint venture

120.3

-

-

31.3

Other assets

29.4

54.2

58.2

92.5

1,119.2

$         

2,003.2

$         

2,122.5

$         

3,530.2

$         

Accounts payable and accrued liabilities

30.2

$               

107.5

$            

148.1

$            

174.4

$            

Short-term debt

17.8

8.6

-

-

Current maturities of long-term debt

16.0

-

-

31.3

64.0

116.1

148.1

205.6

Long–term debt

378.1

1,103.5

1,246.4

2,710.6

Other long term liabilities

-

13.5

29.8

45.5

Shareholders' Equity

Paid-in capital

714.7

854.8

860.8

878.1

Retained Earnings

(37.1)

(84.7)

(162.6)

(310.0)

Accumulated other comprehensive loss

(0.5)

-

-

-

Total shareholders’ equity

677.1

770.2

698.2

568.5

1,119.2

$         

2,003.2

$         

2,122.5

$         

3,530.2

$         

Outstanding shares

187.3

289.7

291.2

299.6

Book value per share

3.62

$               

2.66

$               

2.40

$               

1.90

$               

•

Contract for the Tungsten Explorer

for “gap”

period

•

Refinance $1 billion debt

•

Improving dayrate contract fixtures on jackups

•

Maintain high productive time on Platinum Explorer

Key Drivers Near Term

16

Historical Financial Information

($ Millions)

Financial Overview

17

Reconciliation of Net Income (Loss) to Adjusted EBITDA

($Millions)

Appendix

18

3/31/2009

6/30/2009

9/30/2009

12/31/2009

3/31/2010

6/30/2010

9/30/2010

12/31/2010

Net income (loss)

2.4

$           

4.0

$           

6.8

$           

(4.3)

$         

6.0

$           

(7.0)

$         

(33.6)

$       

(13.0)

$       

Interest expense, net

0.7

1.3

1.9

4.2

8.0

13.3

13.9

14.1

Income tax provision (benefit)

0.6

0.9

1.1

(0.6)

2.3

8.4

2.8

5.5

Depreciation

1.7

2.1

3.2

4.3

7.5

8.4

8.8

8.7

Loss on debt extinguishment

-

-

-

-

-

-

24.0

-

Loss on acquisition of subsidiary

-

-

-

-

-

-

3.8

-

  EBITDA

5.4

$           

8.3

$           

13.0

$         

3.6

$           

23.8

$         

23.1

$         

19.7

$         

15.3

$         

Share-based compensation expense

1.1

1.2

1.2

1.4

1.5

1.5

1.6

1.5

Adjusted EBITDA

6.5

$           

9.5

$           

14.2

$         

5.0

$           

25.3

$         

24.6

$         

21.3

$         

16.9

$         

3/31/2011

6/30/2011

9/30/2011

12/31/2011

3/31/2012

6/30/2012

9/30/2012

12/31/2012

Net income (loss)

(18.7)

$       

(40.1)

$       

(11.9)

$       

(9.3)

$         

(1.2)

$         

(10.0)

$       

(0.5)

$         

(133.6)

$     

Interest expense, net

41.4

39.2

37.0

37.2

36.8

36.2

31.6

44.4

Income tax provision (benefit)

2.9

7.8

2.0

(1.3)

5.8

6.1

2.7

4.3

Depreciation

16.1

16.0

16.0

16.4

16.6

16.4

16.6

19.2

Loss on debt extinguishment

-

25.2

-

-

-

-

2.5

122.1

Loss on acquisition of subsidiary

-

-

-

-

-

-

-

-

  EBITDA

41.8

$         

48.1

$         

43.1

$         

43.0

$         

58.0

$         

48.7

$         

52.9

$         

56.4

$         

Share-based compensation expense

0.9

1.5

1.6

1.9

2.3

2.2

1.4

1.3

Adjusted EBITDA

42.7

$         

49.6

$         

44.7

$         

44.9

$         

60.3

$         

50.9

$         

54.3

$         

57.7

$         

Fiscal Quarter Ended,

Fiscal Quarter Ended,

Debt Maturities

19

$ millions

31.3

50.0

1,050.0

50.0

369.0

53.5

1,150.0

-

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

2013

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2019