Vantage Drilling Company Presents at Barclay's High Yield Bond and Syndicated Loan Conference, May-22-2013 08:10 AM. Venue: JW Marriott Chicago, 151 W. Adams Street, Chicago, Illinois, United States. Speakers: Paul A. Bragg, Chairman, Chief Executive Officer and Member of Executive Committee.

Vantage Drilling Company reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported total revenues of $147,001,000 against $131,849,000 a year ago. Income from operations was $39,396,000 against $40,693,000 a year ago. Loss before income taxes was $117,596,000 against income before income taxes of $4,587,000 a year ago. Net loss was $123,201,000 or $0.41 per basic and diluted share against $1,179,000 or $0.00 per basic and diluted share a year ago. Net cash used in operating activities was $120,411,000 against $50,190,000 a year ago. Additions to property and equipment were $15,135,000 against $3,328,000 a year ago. EBITDA for the quarter was approximately $64.3 million as compared to $56.8 million in the prior quarter and $57.3 million in the first quarter of 2012. CapEx for the first quarter consisted of $4.5 million for the operating fleet, consisting primarily of fleet spares, $11.8 million associated with the development of the Tungsten Explorer, including $3.4 million of capitalized interest, and $2.2 million for software upgrade projects. The company currently projects EBITDA for the second quarter of $70 million to $80 million. Depreciation for the second quarter will be approximately $25 million, interest expense is estimated to be approximately $47.4 million, the income taxes of approximately $5.8 million. For the second quarter, the primary CapEx commitments are the $417 million final shipyard payment for the Tungsten Explorer, plus approximately $30 million of equipment and initial mobilization cost.

Vantage Drilling Company Presents at FBR Energy & Industrials One-on-One Series, May-13-2013 . Venue: Four Seasons Hotel Boston, 200 Boylston Street, Boston, MA 02116, United States.