The Venetian Macao Marina Bay Sands, Singapore

Sands Macao Four Seasons Macao Sands Bethlehem The Venetian Las Vegas The Palazzo Las Vegas

1Q15 Earnings Call PresentationApril 22, 2015

The Parisian MacaoSands Cotai Central, Macao

This presentation contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the company’s control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, general economic conditions, competition, new ventures, substantial leverage and debt service, government regulation, legalization of gaming, interest rates, future terrorist acts, influenza, insurance, gaming promoters, risks relating to our gaming licenses, certificate and subconcession, infrastructure in Macao and other factors detailed in the reports filed by Las Vegas Sands Corp. with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. Las Vegas Sands Corp. assumes no obligation to update such information.

Forward Looking Statements

2

The global leader in Integrated Resort development and operation, delivering strong and diversified cash flow and earnings as well as growing recurring dividends

Best positioned operator to deliver growth in Asia, with the pre-eminent destination Integrated Resort properties in the world’s largest and fastest growing consumer markets

Uniquely positioned to bring unmatched track record, powerful convention-based business model and the industry’s strongest balance sheet to the world’s most promising IntegratedResort development opportunities

Committed to maximizing shareholder returns by delivering long-term growth while continuing to increase the return of capital to shareholders through recurring dividend and stock repurchase programs

The industry’s most experienced leadership team: visionary, disciplined and dedicated todriving long-term shareholder value

The Investment Case for Las Vegas Sands

3

Maximizing Return to Shareholders by:1. Delivering long-term growth in current markets 2. Using leadership position in convention-based Integrated Resort development and

operation to pursue global growth opportunities3. Increasing return of capital to shareholders

Net revenue decreased 24.9% to $3.01 billion

Consolidated adjusted property EBITDA decreased 29.0% to $1.05 billion

Macao – Adjusted property EBITDA decreased 43.8% to $527.7 million, as a result of a challenging gaming environment, particularly in the VIP and premium mass segments, which offset strong growth in retail mall income and steady performance in other non-gaming segments

Marina Bay Sands – Adjusted property EBITDA decreased 4.6% to $415.3 million (but was up 0.2% on a constant-currency basis). Mass win per day set an all-time record when measured in local currency terms.

Adjusted diluted EPS decreased 32.0% to $0.66 per share

LVS returned a total of $518.9 million to shareholders during the quarter through its $0.65 per share recurring dividend, an increase of 30%

First Quarter 2015 HighlightsDespite Current Headwinds in Macao – Increasing Returns of Capital to Shareholders

4NOTE: All comparisons in this presentation compare the first quarter 2015 against the first quarter 2014 unless otherwise specified.

$ in millions, except per share information 1Q14 1Q15 $ Change % Change

Net Revenue 4,010.4$ 3,011.6$ (998.8)$ -24.9%

Adjusted Property EBITDA 1,479.7$ 1,050.5$ (429.2)$ -29.0%

Adjusted Property EBITDA Margin 36.9% 34.9% -200 bps

Adjusted Diluted EPS 0.97$ 0.66$ (0.31)$ -32.0%

Dividends per Common Share 0.50$ 0.65$ 0.15$ 30.0%

Hold-Normalized Adjusted Property EBITDA 1,365.2$ 1,021.6$ (343.6)$ -25.2%

Hold-Normalized Adj. Property EBITDA Margin 35.7% 34.3% -140 bps

Hold-Normalized Adjusted Diluted EPS 0.87$ 0.64$ (0.23)$ -26.4%

First Quarter 2015 Financial Results

5

Macao – Growth in retail mall continues, VIP and premium mass gaming soft

— Mass table win decreased 24.2% to $1.01 billion (compared to a 27.1%¹ decrease in the Macao market)

— Slot and ETG win decreased 26.0% to $136.4 million (compared to a 26.3%¹ decrease in the Macao market)

— Retail mall revenue increased 25.0% to $87.4 million

— Rolling win decreased 59.0% to $592.4 million

Singapore – Growth in mass and retail

— Mass table and slot win increased 1.1% to $422.6 million ($4.70 million win per day)

— Retail mall revenue increased 3.4% to $39.8 million

— Rolling win decreased 22.2% to $343.7 million

— RevPAR decreased 7.5% to $393, ADR decreased 3.3% to $414 and room revenue decreased 7.7% to $89.6 million

Macao – Growth in Retail; Challenging Gaming EnvironmentSingapore – Growth in Mass Gaming and Retail

61. Based on Macao DICJ disclosure.

Year Year Year Quarter

Ended Ended Ended Ended

$ in millions 12/31/2012 12/31/2013 12/31/2014 3/31/2015 Total

LVS Dividends Paid1 823$ 1,153$ 1,610$ 519$ 4,105$

LVS Special Dividend Paid 2,262 - - - 2,262

LVS Shares Repurchased - 570 1,665 - 2,235

Subtotal LVS 3,085$ 1,723$ 3,275$ 519$ 8,602$

SCL Dividends Paid2 357 411 538 308 1,614

SCL Special Dividend Paid - - 239 - 239

Subtotal SCL 357$ 411$ 777$ 308$ 1,853$

Total 3,442$ 2,134$ 4,052$ 827$ 10,455$

$1.00

$1.40

$2.00

$2.60

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

2012 2013 2014 2015

7

LVS Increasing Return of Capital to ShareholdersNearly $10.5 Billion of Capital Returned to Shareholders Over Last 13 Quarters

LVS Recurring Dividends per Share1 In the fourth quarter of 2014, the LVS Board of

Directors increased the LVS recurring dividend by 30.0% to $2.60 per share for the 2015 calendar year ($0.65 per share payable quarterly)

In the fourth quarter of 2014, the LVS Board of Directors also authorized an additional $2.0 billion stock repurchase program following the completion of the previous $2.0 billion program

The company remains committed to returning capital to shareholders via:

— Recurring quarterly dividend program at Las Vegas Sands with a commitment to grow the recurring dividend each year

— $2.0 billion Las Vegas Sands stock repurchase program ($1.77 billion remaining) to be used to return excess capital to shareholders

1. Excludes dividends paid by Sands China Ltd. and excludes the $2.75 per share special dividend paid in December 2012.

2. Reflects only the public (non-LVS) portion of dividends paid by Sands China Ltd. (total SCL dividends paid since 2011 were $6.2 billion).

The Company Remains Committed to Returning Capital to Shareholders While Maintaining aStrong Balance Sheet and the Financial Flexibility to Pursue New Development Opportunities

Total Capital Returned to Shareholders

US$ in millions Interim Final Interim Final Interim Final Interim Final Total

SCL Dividends Paid1

600$ 602$ 696$ 685$ 906$ 894$ 1,030$ 5,413$

SCL Special Dividend Paid - - - - 801 - - 801

Total 600$ 602$ 696$ 685$ 1,707$ 894$ 1,030$ $6,214 ³

Year Ended

12/31/201512/31/2012

Year Ended Year Ended Year Ended

12/31/2013 12/31/2014

$1.16$1.33

$1.73$1.99

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

2012 2013 2014 2015²

8

SCL Also Increasing Return of Capital to ShareholdersOver US$6.2 Billion of Capital Returned to Shareholders Over Last 13 Quarters

SCL Recurring Dividends per Share (HK$)1

The SCL Board of Directors recommended increasing the SCL 2015 dividend to HK$1.99 per share, including an interim dividend of HK$0.99 per share paid in February and a final recommended dividend of HK$1.00 per share²

The company remains committed to returning capital to shareholders via:

— Recurring bi-annual dividend program at Sands China Ltd. with a commitment to grow the recurring dividend each year

1. Excludes the special dividend paid in 2014.

2. The full 2015 dividend of HK$1.99 per share includes the interim dividend of HK$0.99 per share and the proposed final dividend of HK$1.00 per share. The final dividend is subject to the approval of the

SCL shareholders at the SCL Annual General Meeting on June 17, 2015.

3. Includes $4.36 billion in dividends paid to the parent company, Las Vegas Sands Corp.

SCL Remains Committed to Returning Capital to Shareholders While Maintaining a Strong Balance Sheet and the Financial Flexibility to Pursue Development Opportunities

SCL Total Capital Returned to Shareholders

5.2%

4.7%

4.3%

3.7%

3.3%

2.9%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%

$50.00 $55.44 $60.00 $70.00 $80.00 $90.00

4.7%

2.2%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%

LVS S&P500

LVS Generates Greater Forward Dividend Yield than the S&P500 Index

2015 Forward Dividend Yield of LVS and S&P5001

1. Reflects the 2015 dividend yield for LVS and the Bloomberg 2015 forward dividend yield estimate for the S&P500 on April 21, 2015.

2. Reflects the 2015 LVS dividend ($2.60) over the closing price for LVS on April 21, 2015.

LVS’s 2015 Dividend Yield of 4.7% Reflects a 250 bps Premium Above the S&P500 Forward Dividend Yield Estimates

Sensitivity of LVS Dividend Yield

Dividend Yield as of 4/21/15²

+250 bps

9

Figures as of March 31, 2015 Sands China U.S. Corporate

(US GAAP in $MM) Ltd. Singapore Operations2 and Other Total

Cash, Cash Equivalents and Restricted Cash 1,183.4$ 474.9$ 606.6$ 148.5$ 2,413.4$

Debt 2,774.1$ 3,315.1$ 3,151.8$ -$ 9,241.0$

Net Debt 1,590.7$ 2,840.2$ 2,545.2$ (148.5)$ 6,827.6$

Trailing Twelve Months Adjusted Property EBITDA 2,856.5$ 1,703.3$ 432.2$ 1.2$ 4,993.2$

Gross Debt to Trailing Twelve Months EBITDA 1.0 x 1.9 x 7.3 x NM 1.9 x

Net Debt to Trailing Twelve Months EBITDA 0.6 x 1.7 x 5.9 x NM 1.4 x

At March 31, 2015:

Trailing Twelve Months Adjusted Property EBITDA – $4.99 billion

Trailing Twelve Months LVS Dividends Paid – $1.72 billion

Trailing Twelve Months SCL Dividends Paid – $575.3 million1

Trailing Twelve Months LVS Stock Repurchases – $854.7 million

Cash Balance – $2.41 billion

Net Debt – $6.83 billion

Net Debt to TTM EBITDA – 1.4x

Strong Cash Flow, Balance Sheet and LiquidityFlexibility for Future Growth Opportunities and Increasing Return of Capital

10

1. Reflects only the public (non-LVS) portion of dividends paid by Sands China Ltd. Total TTM dividends paid by Sands China Ltd. were $1.92 billion.2. U.S. Operations includes the cash and debt at the U.S. Restricted Group (plus $62.8 million in airplane and other financings) and adjusted property EBITDA from Las Vegas operations and Sands Bethlehem.3. The net leverage ratio for covenant compliance purposes, which includes the dividends and royalty fees paid by Sands China Ltd. and Marina Bay Sands to the U.S. Operations, was 0.8x.4. Does not reflect the $1 billion new term loan at SCL under its existing credit facility. Funding is expected to be on or around April 30, 2015.

Strong Balance Sheet and Cash Flow Maximize Financial Flexibility

3

4

$939.8

$527.7

$864.8

$527.734.9%

30.2%

33.8%

30.2%

0%

10%

20%

30%

40%

50%

60%

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

1Q14 1Q15 1Q14 1Q15

Macao Operating Performance

11

($MM)

Macao Property Operations Adjusted Property EBITDA and Adjusted Property EBITDA Margin

Actual Hold-Normalized

-39.0%-43.8%

Mass Tables53%

Slots 8%

Hotel 12%

Mall 8%

Other 1%

VIP 18%

Mass Tables52%

Slots 8%

Hotel 14%

Mall 10%

Other 3% VIP 13%

TTM 1Q14

Macao: Diversified and Stable Sources of Departmental Profit For Las Vegas Sands and Sands China

12

Mass Tables / Slots and Non-Gaming Generated 87% of Macao’s Departmental Profit in the TTM 1Q15 Period vs. 82% in the TTM 1Q14 Period

Macao Departmental Profit Contribution by Segment

TTM 1Q15

$344$372

$452

$559$580

$547$509

$461

$412

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15

$523$557

$609

$659

$757

$702 $709

$645$601

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15

13

SCL Base Mass Table Win by Quarter

Macao: SCL Base Mass Showing Greater Stability Than Premium Mass in Current Softer Market

Note: LVS base mass and premium mass table revenues as presented above are based on the geographic position of the tables on the gaming floor.

Our Mass Table Offering is the Broadest and the Deepest in the Macao Market

($MM)

SCL Premium Mass Table Win by Quarter

SCL Departmental Profit Margin: 40% - 50% SCL Departmental Profit Margin: 25% - 40%

($MM)

215Avg.Tables

248 326729Avg.Tables

877 865

Avg. Win per Table per Day: $7,705 Avg. Win per Table per Day: $14,020

Executing Our Mass Strategy in Macao

Expansion of Mass Market

Offerings Underway with The Parisian

Family-friendly Entertainment World Class Concerts, Sporting Events

and Other Entertainment Offerings

Over 1.5 million sq. feet

of World Class Shopping

Market-Leading Customer Database

Highly Themed Tourism Attractions

Portfolio of Nearly

9,300 Suites and Hotel Rooms

Over 2 million sq. feet of Conference,

Exhibition and Carpeted Meeting Space

The Broadest

and Deepest

Mass

Tourism

Offerings

in Macao

Our Diversified Convention-based Integrated Resort Offerings Appeal to the Broadest Set of Customers and Comprise a Unique Competitive Advantage in the Macao Market 14

Macao Mass Visitation Drivers

Future Growth Drivers

More efficient and affordable transportation infrastructure

Additional tourism attractions in Macao and Hengqin Island

Greater number of hotel rooms in Macao

Rapidly expanding middle-class with growing disposable income

15

As a result, Macao’s Mass visitors will:

Come From Farther

Away

Stay Longer

Spend More On:

• Dining

• Lodging

• Retail

• Entertainment

• Gaming

Twelve Months Ended February 28, Population GDP Per Penetration

Province 2014 2015 % Change (MM) Capita (US$) Rate

Guangdong 8,317,884 9,160,041 +10% 104 $9,452 8.8%

Fujian 783,432 916,013 +17% 37 $9,342 2.5%

Hunan 668,484 772,130 +16% 66 $5,936 1.2%

Zhejiang 652,932 697,980 +7% 54 $11,054 1.3%

Hubei 567,318 685,640 +21% 58 $6,881 1.2%

Jiangsu 523,927 583,640 +11% 79 $12,047 0.7%

Shanghai 544,361 543,891 -0.1% 23 $14,547 2.4%

Henan 381,666 518,693 +36% 94 $5,518 0.6%

Guangxi 409,971 518,457 +26% 46 $4,939 1.1%

Jiangxi 376,265 467,015 +24% 45 $5,130 1.0%

Sichuan 379,725 403,849 +6% 80 $5,240 0.5%

Beijing 368,546 378,296 +3% 20 $15,051 1.9%

Hebei 259,681 347,888 +34% 72 $6,251 0.5%

Liaoning 303,854 342,504 +13% 44 $9,961 0.8%

Heilongjiang 251,611 309,565 +23% 38 $6,057 0.8%

Shandong 274,265 309,456 +13% 96 $9,094 0.3%

Chongqing 228,142 264,793 +16% 30 $6,910 0.9%

All Other 3,761,812 4,196,808 +12% 407 N/A 1.0%

Subtotal (Excluding

Guangdong)10,735,992 12,256,618 +14% 1,288 $6,617 1.0%

Mainland China 19,053,876 21,416,659 +12% 1,392 $6,767 1.5%

16NOTE: Penetration rates assume that each visitor to Macao from Mainland China is a unique visitor.Source: Macao DSEC; National Bureau of Statistics of China; LVS Estimates

Year-Over-Year Visitation Growth Mainland Chinese Visitation to Macao

Greater than 20%

Data Not Available-10% - 0%

0% - 10%

10% - 20%

Strong Growth in Mainland Chinese Visitation to MacaoStrongest Growth Realized in Provinces Served by High Speed Rail

Xinjiang

Tibet

Qinghai

SichuanChongqing

Henan

Hubei

ShanxiHebei

Shandong

Beijing

Liaoning

Jilin

Heilongjiang

Jiangsu

Anhui

Hunan Jiangxi

Zhejiang

Guangxi

Guizhou

Yunnan

Ningxia

Shaanxi

Inner Mongolia

Gansu

Guangdong

Fujian

Shanghai

Tianjin

Hong Kong

Macao

Expanding Our Critical Mass on the Cotai StripThe Parisian Macao

17LVS

Operating

Assets

Third Party

Operating

Asset

Third Party

Future

Development

Construction Progress – April 20, 2015Map of Macao’s Cotai Strip

The Parisian Macao is a $2.7 billion themed, aspirational destination Integrated Resort

Construction continues to progress

Hotel rooms and suites: 3,000+

Gaming capacity: ~450 table games and 2,500 slots and ETGs

Additional amenities including a retail mall, 50% scale replica Eiffel Tower, MICE space, diverse food & beverage options and entertainment

The Parisian Macao will be interconnected to our other Cotai Strip properties through mall access and other pedestrian connectivity including a walkover bridge from Sands Cotai Central

Rendering of The Parisian Macao

LVS Future

Development

Expanding Our Critical Mass on the Cotai StripThe St. Regis Tower at Sands Cotai Central

18

Construction Progress – April 20, 2015Map of Macao’s Cotai Strip

St. Regis branded 5-star hotel and serviced apartments to complement the existing portfolio of brands on the Cotai Strip

Construction continues to progress

Hotel rooms and suites: ~400

Serviced Apartments: ~300

Rendering of The St. Regis Tower

LVS

Operating

Assets

Third Party

Operating

Asset

Third Party

Future

Development

LVS Future

Development

28%32%

35%

0%

10%

20%

30%

40%

2012 2013 2014

Macao Market Annual EBITDA Market Share by Operator

SCL Expanded Market Share of Macao EBITDA by 700 bps Over the Last Two Years

Source: Company Reports1. Reflects reported adjusted property EBITDA for operating properties for the twelve months ended December 31.2. Galaxy only includes EBITDA from Starworld and Galaxy Macau.

Historical EBITDA Market Share1,2

19

Galaxy MPELSCL2

SJM Wynn MGM

SCL Macao Property Operations All Others

18% 18% 18%

14% 15% 14%

14% 12% 11%

16% 14%13%

10%9%

9%

0%

20%

40%

60%

80%

2012 2013 2014

Macao

Leader in

Market Share

of EBITDA

72%68% 65%

$9,199$9,421$354 -$131

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

$10,000

$11,000

2013

EBITDA

SCL

EBITDA

Growth

All Others

EBITDA

Growth

2014

EBITDA¹

$3,261

$1,720

$1,287 $1,258

$1,002$894

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

LVS Galaxy² MPEL WynnMacau

SJM MGMChina

LVS Outperforming the Macao Market in EBITDA Generation and Growth

LVS Had 35% Market Share of EBITDA in 2014 and Generated $354 million of Incremental EBITDA Y/Y

Source: Company Reports1. Reflects adjusted property EBITDA for operating properties based on US GAAP for the twelve months ended December 31, 2014.2. Galaxy only includes revenue and EBITDA from Starworld and Galaxy Macau.

EBITDA Margin

6% -7% -5% -11% 5%

2014 Macao Market EBITDA1

EBITDA TTM

Growth

28% 27% 33% 17% 27%

($MM)

2014 Macao Market EBITDA Growth¹

($MM)

12%

34%

18% 14% 13% 11% 9%

Macao MarketEBITDA

Share (%)

35%

20

$3.01 $3.11

$1.64 $1.59

$4.65 $4.70

$0.0

$2.0

$4.0

$6.0

1Q14 1Q15

Non-Rolling Tables Slot Machines

$435.2 $415.3$377.9 $371.3

52.1% 52.9%49.5% 50.9%

20%

30%

40%

50%

60%

70%

80%

$0

$100

$200

$300

$400

$500

$600

1Q14 1Q15 1Q14 1Q15

Marina Bay Sands OperationsStrong Retail and Mass Gaming Performance¹

21

Actual

Adjusted property EBITDA of $415.3 million, a decrease of 4.6% (Adjusted Property EBITDA increased 0.2% on a constant-currency basis)

— Hold-normalized adjusted property EBITDA of $371.3 million, a decrease of 1.7%

Total mass (non-rolling tables and slots) win per day increased 1.1% to reach $4.70 million (+5.9% on a constant-currency basis)

— Total mass win was a property record in Singapore dollars

— Non-Rolling win increased 3.3% to $280.0 million

— Slot win decreased 3.4% to $142.7 million

Room revenue decreased 7.7% as RevPAR decreased 7.5% to $393 and ADR decreased 3.3% to $414

Retail mall revenue increased 3.4% to $39.8 million

Rolling win decreased 22.2% to $343.7 million (rolling volume decreased 22.0% to $10.09 billion)

($MM)

($MM)

Adjusted Property EBITDA and Adjusted Property EBITDA Margin

Continued Growth in Mass Table and Retail Businesses Despite Headwind from Stronger US$

Non-Rolling Table and Slot Win Per Day

Hold-Normalized

1. Due to a strengthened USD in 1Q15 compared to 1Q14, MBS faced a currency headwind of approximately 4.7 percentage points in 1Q15 compared to 1Q14

VIP11%

Mass Tables38%

Slots21%

Hotel18%

Mall8%

Other4%

VIP15%

Mass Tables37%

Slots19%

Hotel18%

Mall7%

Other4%

TTM 1Q14¹

Singapore: Diversified and Stable Sources of Departmental Profit For Las Vegas Sands

22

Mass Tables / Slots and Non-Gaming Generated 89% of Singapore’s Hold-Normalized Departmental Profit in TTM 1Q15

Singapore Hold-Normalized Departmental Profit Contribution by Segment

TTM 1Q15¹

1. In TTM 1Q15, VIP hold was 3.29% compared to 2.67% in TTM 1Q14. On a non hold-normalized basis, VIP contribution would have been 12% in TTM 1Q14 and 17% in TTM 1Q15.

$177 $182 $188 $192 $198

$126 $125 $129 $132 $139

$43 $45$52 $57

$61

$156 $160$167

$169$171

$502 $512$536 $551

$569

$0

$100

$200

$300

$400

$500

$600

1Q14 2Q14 3Q14 4Q14 1Q15

Venetian Macao Four Seasons Macao Sands Cotai Central¹ Marina Bay Sands

Asia Retail Mall Portfolio Continues to Generate Strong Growth in Revenue and Operating Profit

23

($MM)

Trailing Twelve Months Retail Mall Revenue

88%86% 86% 86%Operating Profit Margin

88%

1. At March 31, 2015, 324,408 square feet of gross leasable area were occupied out of a total of up to 600,000 square feet of retail mall space that will be featured at completion of all phases of Sands Cotai Central. 2. Tenant sales per square foot is the sum of reported comparable sales for the trailing 12-months divided by the comparable square footage for the same period. Only tenants that have occupied mall space for a minimum of 12 months are included in the tenant sales per square foot calculation.

$503M$430M $442M $463MOperating Profit

$482M

TTM 1Q15 Sales per Sq. Foot²

MBS:$1,409

SCC:$1,407

Four Seasons:$5,246

Venetian:$1,636

$67.7 $69.6 $77.9 $80.9 $85.7

$8.4

$26.8

$46.9

$69.9 $78.0

$104.7

$127.8

$87.4

$-

$20

$40

$60

$80

$100

$120

$140

$160

1Q14 2Q14 3Q14 4Q14 1Q15

Base Rent and Other Fees Turnover Rent

Macao Quarterly Retail Revenue Composition

24

Strong Growth In Macao Retail Mall Revenue

($MM)

Strong Retail Revenue Growth Across Macao Property Portfolio

$2.2

$1.6

South Korea

Promising Areas of Future Development Interest for Las Vegas Sands

Japan

As the global leader in Integrated Resort development and operation, Las Vegas Sands is uniquely positioned to bring its unmatched track record and powerful convention-based business model to the world’s most promising Integrated Resort development opportunities

Development opportunity parameters:

— Targeting minimum of 20% return on total invested capital

— 25% - 35% of total project costs to be funded with equity (project financing to fund 65% - 75% of total project costs)

Disciplined Execution of Our Global Growth Strategy

25

Macao

The Parisian Macao

St. Regis Tower atSands Cotai Central

Vietnam

Appendix

$ in millions 1Q14 2Q14 3Q14 4Q14 1Q15

Macao Property Operations

Reported 939.8$ 801.3$ 809.0$ 711.2$ 527.7$

Hold-Normalized 864.8$ 752.5$ 772.1$ 686.2$ 527.7$

Marina Bay Sands

Reported 435.2$ 417.8$ 351.7$ 518.5$ 415.3$

Hold-Normalized 377.9$ 368.5$ 366.5$ 461.0$ 371.3$

Las Vegas Operations

Reported 79.7$ 66.1$ 90.2$ 78.0$ 74.1$

Hold-Normalized 97.3$ 70.4$ 83.6$ 87.6$ 89.2$

Sands Bethlehem

Reported 26.5$ 27.9$ 29.8$ 36.2$ 29.9$

Hold-Normalized 26.5$ 27.9$ 29.8$ 36.2$ 29.9$

LVS Consolidated2

Reported 1,479.7$ 1,312.6$ 1,283.9$ 1,346.1$ 1,050.5$

Hold-Normalized 1,365.2$ 1,218.8$ 1,255.1$ 1,273.3$ 1,021.6$

Historical Hold-Normalized Adj. Property EBITDA1

28

1. This schedule presents hold-normalized adjusted property EBITDA based on the following methodology:(a) for Macao operations and Marina Bay Sands: if the quarter’s rolling win percentage is outside of the 2.70%-3.00% band, then a hold-adjustment is calculated by applying a rolling win percentage of 2.85% to the rolling table volume for the quarter.(b) for Las Vegas operations: starting with 1Q15, if the quarter’s Baccarat win percentage is outside of the 21.0%-29.0% band, then a hold-adjustment is calculated by applying a Baccarat win percentage of 25.0%, and if the quarter’s non-Baccarat win percentage is outside of the 16.0%-20.0% band, then a hold-adjustment is calculated by applying a non-Baccarat win percentage of 18.0%. Our expected Baccarat win percentage in the prior quarters was 22.0% to 30.0% (26.0% normalized) and our expected non-Baccarat win percentage in prior quarters was 14.0% to 18.0% (16.0% normalized).(c) for Sands Bethlehem: no hold-adjustment is made.(d) for all properties: gaming taxes, commissions paid to third parties on incremental win, bad debt expense, discounts and other incentives are applied to determine the EBITDA impact.

2. Reflects consolidated adjusted property EBITDA inclusive of Other Asia (principally CotaiJet operations) segment.

$1,086

$2,229

$3,532$3,791

$4,763

$5,422

$4,993

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

2009 2010¹ 2011 2012² 2013 2014 TTM1Q15

$4,563

$6,853

$9,411

$11,131

$13,770$14,584

$13,585

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

2009 2010¹ 2011 2012² 2013 2014 TTM1Q15

LVS Historical Net Revenue

($MM)

Strong Historical Revenue and EBITDA Growth Over the Last Five Years

LVS Historical Adjusted Property EBITDA

($MM)

Margin 23.8% 32.5% 34.1%37.5% 34.6%

1. Marina Bay Sands opened in April 2010.

2. Sands Cotai Central opened in April 2012.

The Strength and Consistency of our Convention-Based Integrated Resort Business Model is Reflected in our Financial Results

37.2%

29

36.8%

$0.07

$0.98

$2.02$2.14

$2.90

$3.58

$3.27

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

2009 2010¹ 2011 2012² 2013 2014 TTM1Q15

$48

$775

$1,644$1,768

$2,399

$2,894

$2,631

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

2009 2010¹ 2011 2012² 2013 2014 TTM1Q15

LVS Historical Adjusted Net Income

Strong Historical Adjusted Net Income and Adjusted EPS Growth Over the Last Five Years

LVS Historical Adjusted Diluted Earnings per Share

($MM)

Diluted SharesOutstanding

728M 792M 825M812M 826M

1. Marina Bay Sands opened in April 2010.

2. Sands Cotai Central opened in April 2012.

3. Reflects the simple average of the diluted shares outstanding for the four component quarters.

The Strength and Consistency of our Convention-Based Integrated Resort Business Model is Reflected in our Financial Results

808M

30

804M³

$472 $447 $445 $500 $500 $500

$125

$830

$192 $75$100

$210 $390

$825$960

$200

$190

$475

$100 $107

$1,449

$898

$1,179

$2,025

$1,560

$700

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

2012A 2013A 2014A 2015E 2016E 2017E

Maintenance Investments in Current Properties¹ Sands Cotai Central The Parisian Macao² St. Regis at SCC Other

Capital Expenditures ExpectationsFuture Investments Include The Parisian Macao, St. Regis at SCC and Maintenance

Future Capital Expenditures Focused on Growth in Asia

($MM)

1. Reflects investments that will generate future income in our current property portfolio (including the Four Seasons Apart-Hotel and a third gaming area at Sands Cotai Central). 2. The timing of capex is subject to the receipt of timely government approvals.

Sands Cotai CentralThe Parisian Macao2

St. Regis at Sands Cotai Central

LVS Capex Expectations

Development Timeline Pre-OpeningPost-Opening

31

$40$49

$60

$19

180 418 979 1,192218

1,105

1,808

883

2,115

$73 $97$327

$1,520

$2,118

$5,115

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

2015 2016 2017 2018 2019 2020

SCL MBS USRG LVSC

Debt Maturity ProfileDebt Maturity by Year at March 31, 2015 ¹

Long Term and Low Cost Financing in Place

($MM)

1% 1% 16%% of Total 4% 23% 55%

321. Does not reflect the $1 billion new term loan at SCL under its existing credit facility. Funding is expected to be on or around April 30, 2015. On a proforma basis reflecting the loan, $1,595 million would be due in 2018, $2,293 million would be due in 2019, $5,525 million would be due in 2020 and $340 million would be due in 2021.

$70

$208$285

$361$510 $561

$656$780

$822 $896

$1,045$1,087$1,059$1,120$1,016$1,068$1,028 $984 $1,001$1,011

0.0% 8.4% 9.6%12.9% 11.3%

14.6%18.2% 19.8%

23.4%26.8% 26.7% 27.8%

30.3% 32.0%

37.2% 37.5%40.9% 41.9% 40.0%

37.6%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

$0

$300

$600

$900

$1,200

2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15

Gross Casino A/R Balance at End of Period Reserve Against Casino A/R Balance

$40

$146

$203$250 $271

$345$314

$418

$311 $317

$378 $368$408

$342

$403

$326$361

$281 $272 $291

$0

$75

$150

$225

$300

$375

$450

2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15

MBS – Credit Collections Remain Healthy Reserve Balance Of $380 Million Represents 37.6% of Gross A/R

33

($MM)

Reserve Balance Of $380 Million Represents 37.6% of Gross Accounts Receivable

Casino Credit Collections Remain Stable

$0Quarterly Provision

$17M $24M $37M $32M $40M $40M$11M$19M$10M

Life to Date Provision of $572 Million Represents 9.6% of Rolling Win Since Opening of Property

$38M $39M $37M $39M $36M $36M $33M $30M $30M $24M

$293 $281

$225 $252

$519 $533

$0

$100

$200

$300

$400

$500

$600

$700

1Q14 1Q15

Baccarat Non-Baccarat

$79.7$74.1

$97.3$89.2

20.8% 19.7%

24.1% 22.6%

0%

10%

20%

30%

40%

$0

$20

$40

$60

$80

$100

$120

1Q14 1Q15 1Q14 1Q15

Las Vegas Operations

34

Composition of Table Games Drop

Adjusted property EBITDA was $74.1 million, a decrease of 7.0%

— On a hold-normalized basis, adjusted property EBITDA was $89.2 million, a decrease of 8.4%

ADR increased 1.2% to $244 with 86.2% occupancy, RevPAR decreased 1.9% to $210

Table games drop increased 2.8% to $533.1 million driven by a 12.0% increase in non-Baccarat drop

Slot win increased 8.5% to $44.1 million

Best opportunities for future growth:

— High-end Asian gaming growth

— Increase in group room pricing in 2015

— Non-gaming amenities

($MM)

Adjusted Property EBITDA and Adjusted Property EBITDA Margin

Best Opportunity for Future Growth in Group Room Business and Baccarat

Actual($MM)

Hold-Normalized

$116 $125

$132 $139

$248 $263

$0

$100

$200

$300

1Q14 1Q15

Baccarat Non-Baccarat

$26.5$29.9

22.6% 23.4%

0%

10%

20%

30%

40%

$0

$5

$10

$15

$20

$25

$30

$35

1Q14 1Q15

Sands Bethlehem OperationsRecord Quarter for Leading Tri-State Region Property

35

Adjusted property EBITDA increased 12.8% to a first quarter record $29.9 million

Table games drop increased 6.4% to reach $263.4 million, driven by a 7.8% increase in Baccarat drop

Slot handle increased 6.0% to $1.01 billion

ADR increased 2.1% to $149 with occupancy of 84.5%, RevPAR increased 24.8% to $126

The Outlets at Sands Bethlehem (130,000 SF) feature 29 stores including Coach, Tommy Hilfiger, DKNY, GUESS, European Body Concepts Day Spa and Joli French Bakery and Cafe

The Sands Bethlehem Event Center (50,000 SF)

— Headline events have included Tiesto, Yes, Willie Nelson, The Beach Boys, Incubus, Bellator MMA, Glenn Frey, Crosby, Stills and Nash, NBC Fight Night, Diana Krall and Bill Maher

($MM)

($MM)

Adjusted Property EBITDA and Adjusted Property EBITDA Margin

Composition of Table Games Drop

Macao Market Background and Infrastructure Slides

$16,146

$23,181

$39,327

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

Gross Gaming Revenue

Mass Tables and Slots VIP Gaming

41%

74%

59%

26%

0%

20%

40%

60%

80%

100%

Gross Gaming Revenue Operating Profit

Mass Tables and Slots VIP Gaming

TTM 1Q15 Macao Market Gross Gaming Revenue

VIP Gaming Represents 59% of Total Macao GGR……but Mass Tables and Slots Generate ~74% of Gaming Operating Profit

($MM)

Composition of Macao Market Gross Gaming Revenue and Est. Gaming Operating Profit2

Source: Macao DICJ

1. In the first quarter of 2015, the mass table segment decreased 27.1% and the slot business decreased 26.3% compared to the first quarter of 2014.

2. This presentation reflects an assumed operating profit margin of 10.0% on gross VIP revenue and a blended margin of 40% on mass table and slot gross revenue.

Mass Gaming Generates 41% of the Gaming Revenue, but ~74% of the Gaming Operating Profit

37

1Q15 YoY Growth

-37%

-42%

-27%1

~1.8X

$3,580

$4,670

$6,123

$6,960

$6,459

$2,446

$2,637

$2,985

$2,661

$2,318

$6,026

$7,307

$9,108 $9,621

$8,777

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

2011 2012 2013 2014 TTM 1Q15

Mass Tables, Slots and ETGs VIP Tables

Macao Market VIP and Mass Gaming Estimated Operating Profit 1,2

The Mass Business Remains the Principal Profit Pool and the Primary Driver of Earnings Growth in Macao

($MM)

Source: Macao DICJ

1. This presentation reflects an assumed operating profit margin of 10.0% on gross VIP revenue and a blended margin of 40% on mass table and slot gross revenue.

2. The percentages presented in parentheses represent the % of total operating profit for the period.

The Mass Business is the Primary Driver of Gaming Profit in Macao

38

(59%)

(64%)

(67%)

(72%)(41%)

(36%)

(33%)

(28%)

(XX%) = % of total

operating profit for period

(74%)

(26%)

$2,084 $2,409$3,355

$4,358$4,952

$6,587

$8,949

$11,674

$15,309

$17,400

$16,146

$4,648

$3,394

16%

39%

30%

14%

33%36%

30%

31%

14%

-2%

-10%

0%

10%

20%

30%

40%

50%

60%

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TTM1Q15

1Q14 1Q15¹

Mass Table and Slot GGR Year-over-Year Growth

Macao Base Mass Business Remains More ResilientThan Premium Mass in the Current Challenging Environment

39

Macao Mass Table and Slot Gross Gaming Revenue

($MM)

Source: Macao DICJ

1. In the first quarter of 2015, the mass table segment decreased -27.1% and the slot business decreased -26.3% compared to the first quarter of 2014.

Strong Historical Growth in Mass, Recent Headwinds Especially at the High-End of the Mass Segment

Five Trends that Should Contribute To Growth in the Macao Market In The Future

1

2

3

4

5

200 million Chinese are expected to travel outside of China by 2020, compared to 83 million in 2012 and 97 million in 2013

Infrastructure and transportation connectivity throughout China, especially in the Pearl River Delta region, will be meaningfully expanded

Increasing length of stay in Macao

Hengqin Island will contribute to Macao’s diversification and to its further development as a business and leisure tourism destination

Over 12,000 new hotel rooms will open in Macao by 2018

Sources: McKinsey, Ernst & Young, CLSA

40

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

'56 '60 '64 '68 '72 '76 '80 '84 '88 '92 '96 '00 '04 '08 '12$4

$8 $11 $14

$15 $22

$30 $44

$55

$70

$102

$120

5

5 9 12

2031

414857

73

8397

108119

132

147

163

180

200

$138

$157

$179

$205

$234

$268

$306

0

50

100

150

200

250

300

350

'95 '97 '99 '01 '03 '05 '07 '09 '11 '13 '15 '17 '19

Outbound Travel from China

China Is The World’s Largest and Fastest Growing Outbound Tourism Market

41

Outbound Travel Penetration¹

Wealth Generation and Increased Mobility in China Have Driven Strong Growth in Outbound Trips and Tourism Spend, And Comparative Outbound Travel Penetration Rates Show a Meaningful Opportunity for Continued Long-Term Growth

Expenditure (US$bn)

Chinese outbound

tourists (millions)

CLSA estimates

Source: CLSA, UNWTO

1. Outbound travel penetration is defined as total departures by residents as a percentage of the respective country’s population.

1

China

Japan

Taiwan

Korea

2009-2013 2012-2020

Expenditure 27.2% 14.3%

Tourists 16.1% 10.9%

CAGR

44.5%

27.5%

14.5%

6.1%

$1.1 $1.2 $1.2 $1.3 $1.4

$2.3 $2.5

$4.0

$10.0

$12.8

$-

$5

$10

$15

France Brazil Mexico Germany Russia Japan Indonesia USA China India

Chinese Middle Class Consumption GrowthChinese Middle Class Consumption in 2030 is Projected to Reach $10.0 trillion

42

Global Middle Class Consumption in 2030 (US$ trillion)

NOTE: Brookings Institution defines the global middle class as those households with daily expenditures between $10 and $100 per person in purchasing power parity terms.Source: Brookings Institution; UN; World Bank; Financial Times.

Continued Growth of the Chinese Middle Class Will Drive Macao Mass Tourism Opportunity

1

(US$ trillion)

Twelve Months Ended February 28, Population GDP Per Penetration

Province 2014 2015 % Change (MM) Capita (US$) Rate

Guangdong 8,317,884 9,160,041 +10% 104 $9,452 8.8%

Fujian 783,432 916,013 +17% 37 $9,342 2.5%

Hunan 668,484 772,130 +16% 66 $5,936 1.2%

Zhejiang 652,932 697,980 +7% 54 $11,054 1.3%

Hubei 567,318 685,640 +21% 58 $6,881 1.2%

Jiangsu 523,927 583,640 +11% 79 $12,047 0.7%

Shanghai 544,361 543,891 -0.1% 23 $14,547 2.4%

Henan 381,666 518,693 +36% 94 $5,518 0.6%

Guangxi 409,971 518,457 +26% 46 $4,939 1.1%

Jiangxi 376,265 467,015 +24% 45 $5,130 1.0%

Sichuan 379,725 403,849 +6% 80 $5,240 0.5%

Beijing 368,546 378,296 +3% 20 $15,051 1.9%

Hebei 259,681 347,888 +34% 72 $6,251 0.5%

Liaoning 303,854 342,504 +13% 44 $9,961 0.8%

Heilongjiang 251,611 309,565 +23% 38 $6,057 0.8%

Shandong 274,265 309,456 +13% 96 $9,094 0.3%

Chongqing 228,142 264,793 +16% 30 $6,910 0.9%

All Other 3,761,812 4,196,808 +12% 407 N/A 1.0%

Subtotal (Excluding

Guangdong)10,735,992 12,256,618 +14% 1,288 $6,617 1.0%

Mainland China 19,053,876 21,416,659 +12% 1,392 $6,767 1.5%

43NOTE: Penetration rates assume that each visitor to Macao from Mainland China is a unique visitor.Source: Macao DSEC; National Bureau of Statistics of China; LVS Estimates

Year-Over-Year Visitation Growth Mainland Chinese Visitation to Macao

Greater than 20%

Data Not Available-10% - 0%

0% - 10%

10% - 20%

Xinjiang

Tibet

Qinghai

SichuanChongqing

Henan

Hubei

ShanxiHebei

Shandong

Beijing

Liaoning

Jilin

Heilongjiang

Jiangsu

Anhui

Hunan Jiangxi

Zhejiang

Guangxi

Guizhou

Yunnan

Ningxia

Shaanxi

Inner Mongolia

Gansu

Guangdong

Fujian

Shanghai

Tianjin

Hong Kong

Macao

Strong Growth in Mainland Chinese Visitation to MacaoStrongest Growth Realized in Provinces Served by High Speed Rail

1

Infrastructure: China’s High-Speed RailConnecting More of Mainland China to Macao

Source: SCMP, LVS, NYT44

2

China’s Ministry of Railways Plans to Spend Greater than US$100 billion per Year on Rail Development for the Foreseeable Future, and Highlighted Rail Development in the February 2014 Stimulus Plan

Beijing – Guangzhou High-Speed Rail

World’s longest high-speed rail route

Covers 2,298km in ~10 hours (compared to 22 hours previously) at a cost of 862 yuan (~US$140) per one way ticket

Provides seamless connection from Northern China to the Macao border via the Guangzhou-Zhuhai Intercity Rail

5 trains in each direction each day

Guangzhou – Zhuhai Intercity Rail

Rail line connecting Guangzhou to Zhuhai, where the Gongbei border gate to Macao is located

Guangzhou is the largest city in Guangdong province and is a key economic and transportation hub

Reduces travel time from Guangzhou to Zhuhai from 2+ hours by bus to as short as 60 minutes

Zhuhai station opened in Jan 2013

Future link to Macao Light Rail System

40-45 trains in each direction each day

Wuhan – Guangzhou High-Speed Rail

Wuhan is the capital of Hubei Province and one of the most populous cities in Central China with ~10 million people

Wuhan is an important economic and transportation hub in Central China

HSR reduces travel time to Guangzhou from 11 hours by bus to 3.5 hours by train

One of the most successful routes with 75-85 trains in each direction each day

Hong KongMacao

Infrastructure: Meaningful Improvements Throughout the Pearl River Delta Region

Source: World Bank, China Daily, Chinatrainguide.com, Analyst reports. Note: population and GDP data from 2013.45

GuangzhouPopulation: 13M

GDP Per Capita: US$14,000

MacaoPopulation: 0.6M

GDP Per Capita: US$91,300

Hengqin Island• Special economic area• Over $20B of overall investment• Over 10,000 hotel rooms• First phase of Chimelong theme park opened in

Jan. 2014 and expected to attract 20M visitors annually at completion of all phases

Hong KongPopulation: 7.2M

GDP Per Capita: US$38,000

Hong Kong-Macao-Zhuhai Bridge (expected completion TBD)

Wuhan – Guangzhou High-Speed Rail• 3.5 hour train ride• 75-80 trains in each direction per day

ShenzhenPopulation: 10M

GDP Per Capita: US$22,000China Border Gate Expansion• Daily capacity increased from 150,000 to

350,000 people in 2H13• Reduced average wait times on China side of

border

Guangzhou – Zhuhai Intercity Rail• 70 - 90 minute train ride (2+ hours by bus)• 25 - 35 trains in each direction per day• Final link to Gongbei border gate completed in

January 2013

Guangzhou – Shenzhen – Hong Kong Rail• 2 hour train ride from Guangzhou to Hong Kong• 25 trains in each direction per day

Infrastructure Legend

Existing

Future

Gongbei – Hengqin Railway• Connects the Gongbei border crossing with

Hengqin Island• Stops at Lotus Bridge crossing and ends at

Chimelong theme park• Expected completion 2017

2

5.2

6.3

7.3

8.1

8.9

9.7

0.0

2.0

4.0

6.0

8.0

10.0

12.0

2009 2010 2011 2012 2013 2014

5.8

6.9

8.8 8.8

9.7

11.5

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

2009 2010 2011 2012 2013 2014

Mainland China Day-Trip Visitors to Macao Mainland China Overnight Visitors to Macao

Chinese Day-Trip and Overnight Visitation To Macao Both Continue to Grow

(MM)

Source: Macao DSEC46

-9% +19% +28% 0%

(MM)

Growth -1% +22% +16% +10%Growth

Chinese Visitation Continues to Grow and Additional Hotel Capacity and Transportation Infrastructure will Enhance Overnight Visitation Growth to Macao in the Future

+10% +10%

3

+19% +9%

11.013.2

16.2 16.918.6

21.3

18.0

22.7

28.1

34.9

40.7

47.2

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0

Mainland China Visitation to Macao and Hong Kong

Visitation to Macao Can Meaningfully Grow47.2 Million Residents of Mainland China Visited Hong Kong in 2014

(MM)

Source: Macao DSEC; Hong Kong Tourism Board47

-5% +20% +22% +5%Macao

+6%Hong Kong +26% +24% +24%

Robust Transportation Infrastructure, 74,000 Hotel Rooms and World-Class Dining and Shopping Amenities Enabled 47.2 Million Mainland Chinese Visitors to Travel to Hong Kong in 2014

In 2014 Hong Kong Received 25.9M More Visitors from

China than Macao

2009 2010 2011 2012 2013

+10%

+17%

3

Macao Hong Kong

2014

+14%

+16%

19.5

64.9

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

2.0

3.4

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

(Days)

Total 2014 Mainland Chinese Visitor Nights¹

(MM)(MM)

Daytrip Visitors

Opportunity for Increased Overnight Visitation and Length of Stay In Macao

481. Calculated as total overnight visitors from Mainland China multiplied by average length of stay for Mainland overnight visitors in each market for 2014. Hong Kong has

not yet released their 2014 average length of stay figure, so the 3.4 average length of stay presented reflects the 2013 figure.

Source: Macao DSEC, Hong Kong Tourism Board

Composition of 2014 Visitation from Mainland China

Mainland Visitors Spent 64.9 Million Visitor Nights in Hong Kong in 2014Compared to Just 19.5 Million Visitor Nights Spent in Macao

Overnight Visitors

Avg. Length of Stay for Mainland Chinese

Overnight Visitors in 2014

Macao Hong Kong

3

11.5

9.7

28.2

19.1

0.0

5.0

10.0

15.0

20.0

25.0

30.0

Hengqin Island Expands Critical Mass of Tourism Offerings for Visitors to the Region

49

Map of Hengqin Island New Area Important Facts

Island adjacent to Macao (3X the size of Macao) that has been welcomed by President Xi Jinping as a strategic zone for cooperation among Guangdong Province, Hong Kong and Macao

Master-planned island with greater than US$20 billion of investment focused on tourism development, industrial and technological innovation and education

One of three current “New Area” reform zones in China

— Support from the Central Government to enable long term success

— Empowerment to have broad flexibility on economic and legal matters

Designed to contribute to the diversification of Macao

— US$3.2 billion Chimelong International Ocean Resort opened January 28, 2014 and is expected to generate 20 million visits in the future after completion of all phases¹

— Hengqin’s central business district will feature a 1.2 million square foot convention center

— More than 10,000 hotel rooms expected to open over the next five years

Source: Macau Daily, Zhuhai Daily, Chimelong Group, Hengqin New Area Administrative Committee

1. Phase 1 currently includes the Hengqin Bay Hotel, the Ocean Kingdom theme park, the Circus World show and a waterpark in the Hengqin Bay Hotel. The theme park received over 8 million visitors in 2014, with over 500,000 visitors during the 2014 Chinese New Year holiday.

4

Sands Cotai Central5,723

The Venetian Macao

2,905

Sands Macao, 289

Galaxy Macau2,250

Grand Waldo, 550

Starworld, 509

City of Dreams1,461

Altira Macau, 216

Wynn Macau1,014 Grand Lisboa, 431

Sofitel Macau, 408MGM Grand, 587

9,277

3,309

1,677

1,014 839587

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

Sands China Galaxy Entertainment Melco Crown Wynn Resorts SJM Holdings² MGM China

Hotel % of Gaming % of Total

Gaming Operator Rooms Operators Market

Sands China 9,277 56% 38%

Galaxy Entertainment 3,309 20% 14%

Melco Crown 1,677 10% 7%

Wynn Resorts 1,014 6% 4%

SJM Holdings² 839 5% 4%

MGM China 587 4% 2%

Subtotal Gaming Operators 16,703 100% 68%

Other 4/5 Star 7,537 0% 32%

Total 24,240 100% 100%

Market Leading Hotel Capacity at SCLSands China Operates 38% of Macao’s Current 4/5-Star Hotel Inventory

1. In addition to the hotel rooms that are owned by gaming operators presented here, there are 7,537 additional four- and five-star hotel rooms in Macao.2. Reflects only SJM Holdings self-owned hotels.

Source: Company filings, Macao DSEC

50

With a Market-Leading US$9 billion of Investment,SCL Hotel Inventory Represents 56% of Macao Competitor Hotel Inventory

Macao Market Gaming Operator Hotel Rooms1

Four Seasons Macao, 360

5

`

Sands Cotai Central

5,723

The Venetian Macao

2,905

Sands Macao, 289

The Parisian Macao3,000

Galaxy Macau2,250

Grand Waldo, 550Starworld, 509

Galaxy Macau Phase II1,350

City of Dreams1,461

Altira Macau, 216

Macau Studio City1,600

Grand Lisboa, 431Sofitel Macau, 408

SJM Cotai2,000

Wynn Macau, 1,014

Wynn Cotai1,700

MGM Grand, 587

MGM Cotai1,600

12,677

4,659

3,277 2,839 2,7142,187

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Sands China Galaxy Entertainment Melco Crown SJM Holdings² Wynn Resorts MGM China

Hotel % of Gaming % of Total

Gaming Operator Rooms Operators Market

Sands China 12,677 45% 35%

Galaxy Entertainment 4,659 16% 13%

Melco Crown 3,277 12% 9%

SJM Holdings² 2,839 10% 8%

Wynn Resorts 2,714 10% 8%

MGM China 2,187 8% 6%

Subtotal Gaming Operators 28,353 100% 78%

Other 4/5 Star 7,773 0% 22%

Total 36,126 100% 100%

1. In addition to the hotel rooms that are owned by gaming operators presented here, there will be approximately 7,773 additional four- and five-star hotel rooms in Macao.2. Reflects only SJM Holdings self-owned hotels.

Source: Company filings, Macao DSEC

51

Macao Market Gaming Operator Hotel Rooms at December 31, 20171

Four Seasons Macao, 360

St. Regis Macao, 400

5

`

With a Market-Leading US$13 billion of Investment,SCL Hotel Inventory Will Represent 45% of Macao Competitor Hotel Inventory

Market Leading Hotel Capacity at SCLProjected Macao Market 4/5 Star Hotel Rooms at December 31, 2017

Supplemental Sands China Information

$7.8

$5.3

$1.3

$14.4

$2.5

$16.9

$5.8

$4.4

$0.7

$10.8

$2.0

$12.8

$0.0

$5.0

$10.0

$15.0

$20.0

VenetianMacao

Sands CotaiCentral

Plaza Casino(Four Seasons)

TotalCotai Strip

Sands Macao TotalMacao Ops

1Q14 1Q15

Mass Table, Slot and ETG Win Per Day

($MM)

SCL’s Mass Gaming Segment Impacted by Headwinds… Especially at the High-End of the Mass Market

53

Cotai Strip Properties Peninsula Total

Mass Tables 494 394 95567 236 1,191

Slots

ETGs

1,443 1,042 2,624139 544 3,168

668 667 1,3438 375 1,718

1Q15 Average Table, Slot and ETG Units

$867$930

$1,061

$1,219

$1,337

$1,249$1,218

$1,106$1,013

28.8% 29.9% 29.8% 30.5% 31.6% 30.5% 30.0%32.4%

31.0%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

55%

60%

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15

Mass Table Win % of Macao Mass Table Win

$10,204$10,190

$10,961

$12,143

$13,210

$11,963$11,518

$10,469

$9,447

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15

Mass Table Win Mass Table Win per Table per Day2

54

($MM)

1,191Avg. Tables

1,124

The Mass Business Continues to Face Headwinds, Particularly at the “High-End” of Mass

Source: Macao DICJ1. LVS’s mass table market share as presented above reflects the Macao DICJ’s presentation methodology, which includes live dealer ETG configurations within the mass table segment and Paiza cash revenue within the VIP segment. For financial reporting purposes, LVS presents a non-rolling table segment (which includes Paiza cash and excludes all ETGs) and a slot segment (which includes all ETGs).2. Excludes revenue from all ETGs.

SCL: Mass Table SegmentMass Business in Macao is Facing Headwinds (Particularly at the “High-End” of Mass)

1944

$149 $149

$166$174

$184$178 $176

$157

$136

29.6% 30.1%32.6% 32.7% 32.2% 32.5% 31.5%

32.9%31.4%

0%

10%

20%

30%

40%

50%

60%

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

$220

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15

Slot & ETG Win % of Macao Market Slot Win

$283 $285

$327$353

$388 $401

$424

$362

$310

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15

Macao Slot and ETG Win Macao Slot and ETG Win per Unit per Day

55

($MM)

4,885Avg. Units

5,277

Slot Business Soft, Particularly at High-End, with Electronic Table Games Showing More Resilience

Source: Macao DICJ

1. LVS’s slot market share as presented above reflects the Macao DICJ’s slot revenue reporting methodology, which excludes ETG play. Live dealer ETG configurations are reported within

the mass table segment. For financial reporting purposes, LVS presents a non-rolling table segment (which excludes all ETGs) and a slot segment (which includes all ETGs).

SCL: Slot and ETG SegmentSlot Business Facing Headwinds…Particularly at “High End”

15,843

$1,223$1,184

$1,303$1,327

$1,445

$1,117$1,019

$838

$592

17.2% 16.8%

18.4%

16.9%

18.3%

16.8%17.9%

15.6% 14.6%

0%

5%

10%

15%

20%

25%

30%

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15

Rolling Win % of Macao Market Rolling Win

$26,269$24,763

$30,365

$32,837

$39,167

$32,568$29,893

$24,084

$19,012

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15

Rolling Win per Table per Day

56

Rolling Win

346Avg. Tables

410

Declining Segment Contributed Less Than 15% of Operating Profit in the TTM Period Ending March 31, 2015

($MM)

SCL: VIP Rolling SegmentVIP Segment in Macao Continues to Decline

2.81%3.18%RollingWin %

5172.97%

Department TTM 1Q14 TTM 1Q15 YoY Growth (%)

Departmental Profit

Margin Range

Retail Mall $346 $398 15% 85%+

Hotel 584 635 9% 75% - 80%

Convention, F&B, Entertainment &

Other492 514 4% Varies

Base Mass 2,583 2,657 3% 40% - 50%

Slots 673 647 -4% 40% - 50%+

Premium Mass 1,963 1,930 -2% 25% - 40%

VIP Gaming 5,260 3,566 -32% ~10%

Adj. Property EBITDA from

Macao Property Operations

Hold Normalized Adj. Prop. EBITDA

from Macao Prop. Operations-14%

Gross Revenue (US$MM)

$3,217 $2,849 -11%

$3,173 $2,739

Macao Annual Operating PerformanceMost Diversified and Defensive Cash Flows in the Macao Market

57

SCL Departmental Revenue and Profit Margins – TTM 1Q15 vs TTM 1Q14

SCL Continues to Focus on the High-Margin Non-Gaming and Mass Segments

1

1. Hold-Normalized Adjusted Property EBITDA from Macao Property Operations represents the sum of the hold-normalized figures from the four quarters ended March 31.

Department

Quarter Ended

3/31/2014

Quarter Ended

3/31/2015 YoY Growth (%)

Departmental Profit

Margin Range

Retail Mall $70 $87 25% 85%+

Hotel 165 148 -10% 75% - 80%

Convention, F&B, Entertainment &

Other125 114 -8% Varies

Base Mass 757 601 -21% 40% - 50%

Slots 184 136 -26% 40% - 50%+

Premium Mass 580 412 -29% 25% - 40%

VIP Gaming 1,445 592 -59% ~10%

Adj. Property EBITDA from

Macao Property Operations

Hold Normalized Adj. Prop. EBITDA

from Macao Prop. Operations

Gross Revenue (US$MM)

$940 $528 -44%

$865 $528 -39%

Macao First Quarter Operating PerformanceMost Diversified and Defensive Cash Flows in the Macao Market

58

SCL Departmental Revenue and Profit Margins – Quarter Ended 3/31/2015 vs 3/31/2014

SCL Continues to Focus on the High-Margin Non-Gaming and Mass Segments

$40 $49

$198

$576 $593$688

$817

$1,030

$1,381

$1,626 $1,615

$0

$500

$1,000

$1,500

$2,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TTM 1Q15

Non-Gaming Revenue (US$MM)

Macao Annual Non-Gaming RevenueMost Diversified and Defensive Cash Flows in the Macao Market

59

($MM)

SCL Gross Non-Gaming Revenue

SCL’s High-Margin Non-Gaming Revenue Has Remained Strong Despite Headwinds in the Gaming Segments