1Q19 Earnings Call Supplemental Materials
Transcript of 1Q19 Earnings Call Supplemental Materials
1Q19 Earnings CallSupplemental Materials
April 17, 2019
Within this presentation, the company may make reference to certain non‐GAAP financial measures including “consolidated adjusted property EBITDA,” which have directly comparable financial measures presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"), along with “adjusted property EBITDA margin.” The specific reasons why the company’s management believes the presentation of each of these non‐GAAP financial measures provides useful information to investors regarding Las Vegas Sands’ financial condition, results of operations and cash flows, as well as reconciliations of the non‐GAAP measures to the most directly comparable GAAP measures, are included in the company’s Form 8‐K dated April 17, 2019, which is available on the company’s website at www.sands.com. Reconciliations also are available in this presentation.
Non‐GAAP Financial Measures
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Index: 1Q19 Supplementary Materials
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I. Sands ECO360
II. Sands – Global Leadership in Entertainment
I. Sands ECO360
Sands ECO360Industry Leading Global Sustainability Program
The Sands ECO360 Global Sustainability program reflects our visionto lead our industry in sustainable development and integrated resort operations
High‐performing buildings, energy efficiency innovations and renewable energy solutions
Advanced technologies and optimized routes for our ferry and bus fleet
Water conservation policies, efficient fixtures and systems, and reclaimed non‐potable water usage
Programs to reduce, recycle,divert and donate waste
Sustainable food optionsand education, restaurant
design and kitchen efficiency
Sustainable product purchasesand alternatives to single‐use plastics
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Global Goals:Our 2016‐2020 Targets
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We have aligned our global sustainability targets for 2016‐2020 with three key, measurable, UN Sustainable Development Goals (SDGs) and our emissions reduction goals are approved by science‐based targets:
WaterEmissions
Double the global rate of improvement in energy efficiency
Increase substantially the share of renewable energy in the global energy mix
UN Sustainable Development Goals
(SDGs)
Substantially increase water‐use efficiency across all sectors
Substantially reduce waste generation through prevention, reduction, recycling, and reuse
Halve per capita global food waste
Sands ECO360 Alignment with SDGs
Select 2018 LVS Accomplishments
Implemented 43 eco‐efficiency projects throughout our resorts
Established first renewable energy purchase agreement at Marina Bay Sands
Achieved 98% of LED lighting at Sands China Ltd. properties
Conducted extensive water audit and implemented 10 water efficiency projects at The Venetian | The Palazzo
Sands China Ltd. successfully engaged with laundry services suppliers to reduce water consumption
Expanded recycling program to construction waste in Marina Bay Sands
Implemented various initiatives to reduce single‐use plastics at all our properties
The initiatives implemented before our 2016‐2020 cycle reduced our electricity consumption by 247 million kWh and improved waste diversion by more than 10%
6% reduction in emissions from resort operations, in addition to offsetting newly opened resorts
6% reduction in ferry emissions
3% reduction in consumption on a per square foot basis
5% increase in waste diversion rate
LVS Goals (2016‐2020)
Energy
Transportation
Water Waste Food
Procurement
Waste
Sands ECO360Key Initiatives:
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1GHG Emissions Goal Exceeded: During 2018, our property teams worked relentlessly reducing our energy consumption and related GHG emissions, which allowed us to reach our 2020 GHG Emissions goal two years in advance.
LEED Gold Certification: The ArtScience Museum at Marina Bay Sands obtained the LEED Gold certification for “Existing Buildings: Maintenance & Operations”. It is believed to be the first such museum in South East Asia.
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First Macao Green Hotel Platinum Award: The Venetian Macao received the first ever Platinum level recognition by Macao Green Hotel Awards. Multiple other properties in Macao obtained or maintained their Gold level award.
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CDP and DJSI: We are the only company from the Casino & Gaming industry named on the DJSI North America, and are part of both the CDP Climate A List and CDP Water A List.
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Employee Engagement: In 2018, our Team Members globally contributed over 190,000 Sands ECO360 actions to protect the environment and we are on track to meet our 1 million Sands ECO360 actions target by 2020. For example, working with Clean the World, we repurposed amenities from hotel rooms into 90,000 hygiene kits.
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Setting the Tone for 2019: Sands China Ltd. announced on January 2, 2019 that it has discontinued its use of plastic straws at all its properties in an effort to reduce the consumption of single‐use plastics.
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Sustainability Awards & CertificationsRecognition on a Local and Global Level
Recognized by independent third parties as a global leader in sustainability
United StatesTrip Advisor: Green Leader Gold CertificationThe Venetian | The Palazzo
APEX/ASTM Level Two Sands Expo and Congress Center at The Venetian | The Palazzo
LEED Silver for New ConstructionThe Palazzo
LEED Gold for Building Operations and MaintenanceSands Expo and Congress Center at The Venetian | The PalazzoStella Awards, Best Green Initiative, Far West region, GoldThe Venetian | The Palazzo
SingaporeLEED Gold for Building Operations and MaintenanceArtScience Museum at Marina Bay Sands
Singapore BCA Green Mark PlatinumMarina Bay Sands
Earth Check Silver CertifiedMarina Bay Sands
APEX/ASTM Level OneMarina Bay Sands
ISO 20121Marina Bay Sands
IMEX / GMIC Green Supplier AwardMarina Bay Sands
Award logo
World's Leading Green Hotel
VERIFIEDTM
Las Vegas SandsDow Jones Sustainability Indices(2015, 2016, 2018)
Newsweek Green Rankings(2014, 2015, 2016)
CDP Climate A List(2015, 2016, 2018)
CDP Water A List(2018)
MacaoMacao Green Hotel AwardsPlatinum – The Venetian MacaoGold – Sands Cotai Central, Sands Macao, Parisian Macao, Four Seasons Hotel Macao
World’s Leading Green Hotel –World Travel AwardsConrad Macao
Earth Check Bronze BenchmarkedThe Venetian Macao
ISO 20121The Venetian Macao
IMEX / GMIC Green Supplier AwardThe Venetian Macao
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II. Sands – Global Leadership in Entertainment
Sands – Global Leadership in EntertainmentMore Events, Venues and Seats than any Other Operator in the Region
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Cotai Arena
Four Other Theaters
Largest Pillar‐less Ballroom in Asia
Theater
15,000
5,351
6,373
2,183
Venue Seating CapacityEntity
Sands Offers More Entertainment Events, Venues and Seats than any Other IR Operator in the Region
EventsSince Opening
380
184
40
277
Sands – Global Leadership in EntertainmentWestern Performers
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LVS is the Asian Entertainment Leader, Unmatched in Bringing theGreatest Superstars of Western Entertainment to Asia for more than a Decade…
Céline Dion
Elton John
The Rolling Stones Katy Perry
Beyoncé
Rihanna Bon Jovi
These photographs depict performers who have performed at Las Vegas Sands’ properties in Macao and Singapore.
Sands – Global Leadership in EntertainmentGlobal Artists
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…As well as Asia’s Pop Superstars to Macao’s Cotai Strip and Singapore’s Marina Bay Sands
Twins
Jay Chou
Girls Generation
Aaron Kwok
2NE1
Joey YungG.E.M. Big Bang
A Lin
These photographs depict performers who have performed at Las Vegas Sands’ properties in Macao and Singapore.
Sands – Global Leadership in EntertainmentSporting Events and Exhibitions
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We Offer an Extraordinary Experience to Our Guests with World‐Class Sporting Events and Exhibitions…
UFC Macao
Cotai Showdown – Agassi v Sampras
Nitro Circus
The Clash in Cotai: Pacquiao v RiosMacau Drift
World Tennis Assoc. Finals - Official Draw Ceremony
These photographs depict events or competitions at Las Vegas Sands’ properties in Macao and Singapore.
Sands – Global Leadership in EntertainmentMusical and Cinematic Events
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…Awards, Events and Premieres Spanning Film and EntertainmentIncluding Bollywood, Hollywood, Chinese Filmed Entertainment and Beyond…
The Expendables 3 Premiere
Return of the Cuckoo Premiere
Voice of China
China Music Awards
International Indian Film Academy Awards
The Voice of China
Asian Film Awards
From Vegas to Macau Premiere
These photographs depict performers who have attended entertainment events at Las Vegas Sands’ properties in Macao and Singapore.
Sands – Global Leadership in EntertainmentEntertainment That Engages the Entire Family
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…and the Spectacle of Live Theater and Immersive Events for All
Beauty and the Beast The Lion King
Cats Wicked
Boss Baby PremiereWinter in Venice
Disney on Ice
Carnevale
These photographs depict performers who have performed at Las Vegas Sands’ properties in Macao and Singapore.
Sands – Global Leadership in EntertainmentRecent Performances and Events
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Matilda
Janice Vidal
Maroon 5
Angela Zhang
Aaron Kwok
These photographs depict performers who have performed at Las Vegas Sands’ properties in Macao and Singapore.