Step 1
The first thing you will have to do is create the 3D text. To do that you can use Illustrator. It has a very nice 3D filter and it will work just fine.
Type the text you want and go to
Effect>3D>Extrude & Bevel. Change the
Position to Off-Axix Bottom. Then you just rotate the X,Y, and X Axis until you get the result you want. Follow the image below for reference.
Tip: It's very important that you select Draw Hidden Faces. Otherwise Illustrator will not create some faces that will be very important for the end result.
Step 2
Now you will have to expand the 3D effect in order to select and change the color of the faces you want. Go to
Obejct>Expand Appearance. First select the top faces, and move them away. Then select just the outer faces and fill them with black.
Step 3 - Photoshop
Create a new document in Photoshop and fill the background with Black. Copy the 3D text without the top faces and paste it in Phothoshop. Position it in the middle of the document and reduce its size.
Step 4
With the
Magic Wand Tool (W) select the black faces and delete them.
Step 5
Go to
Images>Adjustments>Hue/Saturation, change the color of the text to Orange.