Las Vegas Sands Corp. Earnings Call PresentationNet Debt to Trailing Twelve Months EBITDA 0.3 x2.3 x5.8 xNM 1.4 x Trailing Twelve Months EBITDA – $4.55 billion Trailing Twelve Months

Venetian Macao

Las Vegas Sands Corp.3Q13 Earnings Call Presentation

October 17, 2013

Sands Cotai Central, Macao Marina Bay Sands, Singapore

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

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, with growing free cash flow and earnings and a strong balance sheet

Best positioned operator in Asia, with the pre‐eminent destination Integrated Resort properties in the world’s fastest‐growing consumer markets

Uniquely positioned to bring unmatched track record and powerful convention‐based business model to the most promising Integrated Resort development opportunities globally

Committed to maximizing shareholder returns by continuing to increase return of capital through recurring dividend and stock repurchase programs

The industry’s most experienced leadership team – visionary and disciplined –focused on driving long‐term shareholder value

The Investment Case for Las Vegas Sands

3

Adjusted diluted EPS increased 78.3% to $0.82 (hold‐normalized adjusted diluted EPS increased 47.2% to $0.78)1

Consolidated adjusted property EBITDA increased 45.5% to $1.28 billion (hold‐normalized adjusted property EBITDA increased 30.5% to $1.24 billion)

Macao – Adjusted property EBITDA increased 60.8% to record $784.3 million driven by strong growth in all segments (hold‐normalized adjusted property EBITDA up 60.8% to $784.3 million)

Singapore – Adjusted property EBITDA increased 43.3% to $373.6 million (hold‐normalized adjusted property EBITDA up 0.4% to $373.6 million)

LVS returned a total of $588.1 million to shareholders during the quarter

— $288.5 million ($0.35 per share) returned through dividends (an increase of 40% over 3Q12)

— $299.6 million returned through share repurchases

— Increased recurring dividend by 42.9% to $2.00 per share ($0.50 per quarter) for calendar 2014 year

Third Quarter 2013 HighlightsRecord Quarterly Results and Increased Return of Capital to Shareholders

4

Maximizing Return to Shareholders by:1. Delivering strong growth in current markets 2. Using leadership position in IR development to pursue global growth opportunities3. Increasing return of capital to shareholders

1. Hold‐normalized results are presented to adjust for the impact of variances in table games win percentage, which can vary from period to periodNOTE: All comparisons in this presentation compare the third quarter 2013 against the third quarter 2012 unless otherwise specified

Macao – Record adjusted property EBITDA driven by strong growth in all segments

— Mass table win increased 61.2% to record $1.06 billion (growing 59.8% faster than the Macao market)

— Slot and ETG win increased 29.9% to record $165.9 million (growing 128.4% faster than the Macao market)

— Rolling volume increased 26.0% to record $45.39 billion (growing 67.7% faster than the Macao market)

— Retail mall revenue increased 40.0% to record $89.3 million

Singapore – Meaningful VIP volume growth; Stable mass table business; Continued growth in hotel room segment

— Rolling volume increased 16.9% to $13.8 billion

— Slot revenue increased 4.9% to $142.2 million

— Mass table revenue increased 0.5% to $273.3 million

— Room revenue increased 11.1% to $93.3 million with ADR of $401 and occupancy of 99.8%

Macao – Outstanding Growth in all SegmentsSingapore – Strong Growth in VIP and Hotel; Mass Stable

5

Year 9 MonthsEnded Ended

$ in millions 12/31/2012 9/30/2013 Total

LVS Dividends Paid2 3,085$ 866$ 3,951$ LVS Shares Repurchased ‐ 346 346

Subtotal LVS 3,085$ 1,212$ 4,297$ SCL Dividends Paid3 357 411 768 Total 3,442$ 1,623$ 5,065$

$1.00

$1.40

$2.00

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

2012 2013 2014

6

Increasing Return of Capital to ShareholdersOver $5 Billion of Capital Returned to Shareholders Over Last 7 Quarters

LVS Recurring Dividends per Share1 The LVS Board of Directors increased recurring

dividend by 42.9% to $2.00 per share for the 2014 calendar year ($0.50 per share payable quarterly)

The company remains committed to returning capital to shareholders via:

— Recurring quarterly dividend program at Las Vegas Sands with a commitment to grow those dividends annually by at least a double‐digit percentage

— $2.0 billion Las Vegas Sands stock repurchase program ($1.65 billion remaining authorization)

— Special dividends

1. Excludes dividends paid by Sands China Ltd. and excludes the $2.75 per share special dividend paid in December 20122. Includes a $2.75 per share special dividend paid in December 2012 totaling $2.3 billion3. Reflects only the public (non-LVS) portion of dividends paid by Sands China Ltd. (total SCL dividends paid were $2.58 billion)

The company remains committed to returning capital to shareholders while maintaining a strong balance sheet and the financial flexibility to pursue new development opportunities

Total Capital Returned to Shareholders

2.9%

2.2%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

LVS S&P500

5.0%

4.0%

3.3%2.9%

2.5%2.2%

2.0%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

$40.00 $50.00 $60.00 $69.53 $80.00 $90.00 $100.00

7

LVS Generates Greater Dividend Yield than the S&P500 Index

2014 Forward Dividend Yield of LVS and S&P5001

1. Reflects the 2014 dividend yield for LVS and the Bloomberg 2014 forward dividend yield estimate for the S&P500 2. Reflects the 2014 forward LVS dividend ($2.00) over the closing price for LVS on October 16, 2013

LVS’s 2014 forward dividend yield of 2.9% reflects a 70 bps premium above the S&P500 forward dividend yield estimates

Sensitivity of LVS Dividend Yield

Dividend Yield as of 10/16/13²

+70 bps

Figures as of September 30, 2013 Sands China U.S. Corporate(US GAAP in $MM) Ltd. Singapore Operations2 and Other Total

Cash, Cash Equivalents and Restricted Cash 2,355.5$ 369.8$ 333.0$ 158.2$ 3,216.5$

Debt 3,217.2$ 3,666.2$ 2,880.2$ ‐$ 9,763.6$

Net Debt 861.7$ 3,296.4$ 2,547.2$ (158.2)$ 6,547.1$

Trailing Twelve Months Adjusted Property EBITDA 2,693.9$ 1,428.3$ 439.4$ (9.4)$ 4,552.3$

Gross Debt to Trailing Twelve Months EBITDA 1.2 x 2.6 x 6.6 x NM 2.1 x

Net Debt to Trailing Twelve Months EBITDA 0.3 x 2.3 x 5.8 x NM 1.4 x

Trailing Twelve Months EBITDA – $4.55 billion

Trailing Twelve Months LVS Dividends Paid – $3.75 billion

Trailing Twelve Months SCL Dividends Paid – $411.4 million1

Trailing Twelve Months LVS Stock Repurchases – $346.2 million

Cash Balance – $3.22 billion

Net Debt – $6.55 billion

Net Debt to TTM EBITDA – 1.4x

Strong Cash Flow, Balance Sheet and LiquidityAmple Flexibility for Future Growth Opportunities and Return of Capital

81. Reflects only the public (non‐LVS) portion of dividends paid by Sands China. Total TTM dividends paid by SCL were $1.38 billion.2. U.S. Operations includes the cash and debt at the U.S. Restricted Group (plus $69.6M in airplane and other financings) and adjusted property EBITDA from Las Vegas operations and Sands Bethlehem3. The net leverage ratio for covenant compliance purposes was 1.0x, reflecting the non‐public portion of dividends and royalty fees paid by Sands China and Marina Bay Sands

Strong Balance Sheet and Cash Flow Maximize Financial Flexibility

3

$ in millions, except per share information 3Q12 3Q13 $ Change % Change

Net Revenue 2,709.5$ 3,568.5$ 859.0$ 31.7%

Adjusted Property EBITDA 876.9$ 1,275.8$ 398.9$ 45.5%

Adj. Property EBITDA Margin 32.4% 35.8% 340 bps

Adjusted Diluted EPS 0.46$ 0.82$ 0.36$ 78.3%

Dividends per Common Share 0.25$ 0.35$ 0.10$ 40.0%

Hold‐Normalized Adjusted Property EBITDA 947.7$ 1,236.7$ 289.0$ 30.5%

Hold‐Normalized Adj. Property EBITDA Margin 34.0% 35.1% 110 bps

Hold‐Normalized Adj. Diluted EPS 0.53$ 0.78$ 0.25$ 47.2%

Strong Third Quarter 2013 Financial ResultsGrowth in Revenue, Adjusted Property EBITDA, Margin and EPS

9

$487.9

$784.3

$487.9

$784.3

30.3%

34.0%

30.3%

34.0%

0%

10%

20%

30%

40%

50%

60%

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

3Q12 3Q13 3Q12 3Q13

Record Macao Operating Performance

10

($MM)

Macao Property Operations Adjusted Property EBITDA and Adjusted Property EBITDA Margin

Actual Hold‐Normalized

+60.8%+60.8%

Mass tables

— Mass table win up 61.2% to record $1.06 billion

— Mass table efficiency up 26.0% to $10,961 win per table per day (despite an increase of 230 mass tables compared to the same quarter last year)

— Mass table count increased by 27.9% to reach an average of 1,052 during the quarter

Slots and ETGs

— Slot and ETG win up 29.9% to record $165.9 million driven by increased slot play at Sands Cotai Central

VIP gaming

— Rolling volume up 26.0% to record $45.39 billion

— VIP table efficiency increased 35.1% to $1.06 million roll per table per day

— VIP table count reached an average of 467 VIP tables during the quarter

Macao Gaming PerformanceStrong Growth and Increased Efficiency Across Macao Property Portfolio

11Strong Operating Momentum Across All Gaming Segments

$658.4

$769.6

$866.7$929.6

$1,061.2

26.4% 27.3%28.8% 29.9% 29.8%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

$0

$200

$400

$600

$800

$1,000

$1,200

3Q12 4Q12 1Q13 2Q13 3Q13

Mass Table Win % of Macao Mass Table Revenue

$8,699

$9,716$10,204 $10,190

$10,961

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

2Q12 3Q12 4Q12 1Q13 2Q13

Mass Table Revenue Increased 61.2% Mass Table Win per Table per Day2

12

($MM)

823Mass Tables 861 944 1,003 1,052

~ $1.9 Billion of Annual Departmental Profit at the 3Q13 Run‐RateSource: 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

Strong Growth in Macao Mass Table BusinessGrowth and Productivity Gains in Macao’s Most Important Segment

1

Mass Table Win per Unit per Day

$9,000 $10,000 $10,961 $12,000 $13,000 $14,000 $15,000

900 $1,330 $1,478 $1,620 $1,774 $1,922 $2,070 $2,217

# of 1,000 1,478 1,643 1,800 1,971 2,135 2,300 2,464

Mass 1,052 1,555 1,728 1,894 2,073 2,246 2,419 2,592

Tables 1,100 1,626 1,807 1,980 2,168 2,349 2,529 2,710

1,200 1,774 1,971 2,160 2,365 2,562 2,759 2,957

Extending Our Leadership in Macao’s Mass MarketMeaningful Opportunity to Grow Mass Table Business

131. Based on departmental profit margin of 45% of mass table revenue for LVS’s Macao operations

Nearly $1.9 billion of annualized mass table departmental profit today…opportunity to grow that significantly through strong execution of our mass strategy

Illustrative Profitability of LVS’s Macao Market Mass Table Offering ($MM)1

LVS’s 3Q13 annualized mass table departmental profit

Our departmental profit opportunity in the mass table segment in Macao

$374 $391 $421 $428 $462 $478 $490 $506$546 $561

$632$688

$779

$911

$995$1,052

$1,188

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

LVS SJM Wynn Galaxy MGM Melco

Our Macao Assets Have Delivered Consistent and Reliable Mass Market Growth

14

Our Mass Table and Slot Revenues Have Grown 16 Quarters in a Row and Now Approach $1.2 Billion per Quarter

Macao Market Mass Table and Slot Revenues($MM)

Note: This presentation conforms to the Macao DICJ’s methodology of presenting mass table and slot revenue.Source: Company reports; Macao DICJ

$4.5

$1.6$0.5

$6.6

$1.9

$8.5

$5.9

$4.3

$1.0

$11.2

$2.1

$13.3

$0.0

$3.0

$6.0

$9.0

$12.0

$15.0

Venetian Macao Sands CotaiCentral

Plaza Casino(Four Seasons)

Total Cotai Strip Sands Macao(Peninsula)

Total Macao Ops

3Q12 3Q13

Mass Table, Slot and ETG Win Per Day

($MM)

Robust Mass Growth Across our Property PortfolioMacao Property Portfolio Growing Faster than the Market

15Macao Portfolio Mass Win Per Day Increased 56.5% to $13.3 Million in 3Q13 – The Macao Market Leader

Cotai Strip Properties Peninsula Total

$5,887 $6,613$7,933

$9,616

$12,813

$0

$3,000

$6,000

$9,000

$12,000

$15,000

3Q12 4Q12 1Q13 2Q13 3Q13

22,556

33,55637,969 40,676

49,485

0

10,000

20,000

30,000

40,000

50,000

60,000

3Q12 4Q12 1Q13 2Q13 3Q13

$0.66$0.76 $0.80 $0.79

$1.01

$0.00

$0.25

$0.50

$0.75

$1.00

$1.25

3Q12 4Q12 1Q13 2Q13 3Q13

$1.56

$2.58$3.01

$3.51

$4.29

$0.00

$1.00

$2.00

$3.00

$4.00

$5.00

3Q12 4Q12 1Q13 2Q13 3Q13

Sands Cotai Central is Steadily Ramping Mass Win per Table per Day Now Exceeds $12,800 per Day

16

VIP Rolling Volume per Table per Day($MM)

($MM)

Mass Table, Slot and ETG Win per Day

Increasing Hotel Occupancy and Non‐Gaming Amenities will Drive Future Growth in all Segments

Mass Table Win per Table per Day

Total Property Visitation per Day

Mass Tables 207 316 313

VIP Tables 149 146 190 200

310

167

284

$0.78

$0.92$0.88 $0.88

$1.06

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

3Q12 4Q12 1Q13 2Q13 3Q13

$36.0

$39.3$41.2 $41.9

$45.4

15.5%

17.2% 17.4% 17.4%18.2%

0%

5%

10%

15%

20%

25%

$0

$5

$10

$15

$20

$25

$30

$35

$40

$45

$50

3Q12 4Q12 1Q13 2Q13 3Q13

Rolling Volume % of Macao Market Rolling Volume

Consolidated Rolling Volume per Table per Day

($MM)

17

Rolling Volume Increased 26.0%

500Rolling Tables 465 517 525 467

Greater Than $600 Million of Annual Departmental Profit at the 3Q13 Run‐Rate

($BN)

VIP Business Exhibiting Strong Growth Improving Market Share and Table Productivity

Expanding Our Critical Mass on the Cotai StripThe Parisian Macao

18LVS Operating Assets

LVSPlanned Development

Third Party Operating Asset

The Parisian Macao

(Parcel 3)

Lake and Nature

Preserve

Tropical Garden

Sands Cotai

Central

The Venetian

Macao(Parcel 1)

Four Seasons Hotel Macao

and Plaza Casino

(Parcel 2)

Macau Dome

MacauInt’l

Airport

City of Dreams

Third Party Future Development

GalaxyMacau

Macau Studio City

St. Regis

Conrad / Holiday Inn

Sheraton

Sheraton Towers

Rendering of The Parisian Macao Map of Macao’s Cotai Strip

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

Construction is progressing on schedule

Targeted completion date: Late 2015

Hotel rooms and suites: 3,000+

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

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

C

OT

A

I

S

T

R

I

P

Tropical Garden

Hold‐normalized adjusted property EBITDA increased 0.4% to reach $373.6 million (adjusted property EBITDA increased 43.3% to $373.6 million)

Gaming

— VIP volumes increased 16.9% to $13.79 billion in rolling volume

— Mass table revenue grew 0.5% to $273.3 million (between $260 million to $280 million in each of the past nine quarters)

— Slot revenue increased 4.9% to $142.2 million (between $135 million to $150 million in each of the past nine quarters)

Strong hotel performance – Hotel room revenue up 11.1% to $93.3 million with ADR of $401 and occupancy of 99.8%

Retail mall revenue decreased 4.2% to $38.0 million while mall repositioning and tenant remix towards high‐performing luxury brands is underway¹

Singapore – VIP Strength, Steady Mass, Continued Growth in Hotel and MICE Segments

19

Our Focus in Singapore:1. Increasing business and leisure visitors to Singapore, which will drive growth at Marina Bay Sands2. Identifying high value customers in the region outside of Singapore and attracting them to MBS

1. 39,000 square feet is being repositioned representing 6.1% of total retail mall square footage

South Korea

Geographic Areas of Future Development Interest for Las Vegas Sands

Japan

Singapore MBS Expansion

Vietnam

Europe – Madrid

LVS is the global leader in Integrated Resort development and operation and is uniquely positioned to bring its unmatched track record and powerful convention‐based business model to the most promising Integrated Resort development opportunities globally

Development opportunity parameters:

— 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

20North America

MacaoThe Parisian Macao

Sands Cotai Central (St. Regis)

South America

Appendix

$ in millions 3Q12 4Q12 1Q13 2Q13 3Q13

Macao Property Operations

Reported 487.9$ 622.2$ 630.2$ 657.2$ 784.3$

Hold‐Normalized 487.9$ 569.8$ 630.2$ 657.2$ 784.3$

Marina Bay Sands

Reported 260.8$ 302.5$ 396.8$ 355.3$ 373.6$

Hold‐Normalized 372.1$ 406.4$ 451.1$ 396.2$ 373.6$

Las Vegas Operations

Reported 98.2$ 52.8$ 113.4$ 63.0$ 87.1$

Hold‐Normalized 60.1$ 87.9$ 82.7$ 89.1$ 48.5$

Sands Bethlehem

Reported 32.1$ 27.5$ 29.9$ 33.6$ 29.6$

Hold‐Normalized 29.8$ 25.6$ 28.2$ 30.5$ 29.0$

LVS Consolidated2

Reported 876.9$ 1,003.0$ 1,166.6$ 1,106.9$ 1,275.8$

Hold‐Normalized 947.7$ 1,087.6$ 1,188.5$ 1,170.9$ 1,236.7$

Historical Hold‐Normalized Adj. Property EBITDA1

23

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 and Sands Bethlehem: calculated by applying a non-rolling win percentage of 21.0% and 14.8%, respectively(c) for all properties: gaming taxes on incremental win are applied to determine the EBITDA impact

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

$472 $480 $500 $500 $500 $500

$215

$830

$250

$225

$40

$275

$850

$1,000

$450

$107

$110

$1,449

$1,115

$1,790

$1,500

$950

$500

$0

$500

$1,000

$1,500

$2,000

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

Maintenance Investments in Current Properties¹ Sands Cotai Central The Parisian Macao² Other

Capital Expenditures ExpectationsFuture Investments Include SCC, The Parisian Macao and Maintenance

Future Capital Expenditures Focused on Growth in Asia

($MM)

1. Reflects investments that will generate future income in our current property portfolio2. The timing of capex is subject to the receipt of timely government approvals

Sands Cotai CentralThe Parisian Macao2

LVS Capex Expectations

Development TimelinePre‐OpeningPost‐Opening

24

$200

$920

$2,088

$147

$623

$917

$1,173$807

$1,219

$187

$1,384

$8

$1,573$1,736

$4,395

$1,232

$808

$11$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

$5,000

2013 2014 2015 2016 2017 2018 2019

SCL MBS USRG LVSC

Debt Maturity ProfileDebt Maturity by Year at September 30, 2013

Long Term and Low Cost Financing in Place

($MM)

<1% 16% 18% 13%% of Total 45% 8% <1%

25

$127.7

$162.1

$148.9 $149.4

$165.9

28.5%

32.7%

29.6% 30.1%32.6%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

3Q12 4Q12 1Q13 2Q13 3Q13

Slot Win % of Macao Market Slot Revenue

$300 $299$283 $285

$327

$0

$100

$200

$300

$400

3Q12 4Q12 1Q13 2Q13 3Q13

Macao Slot Revenue Increased 29.9% Macao Slot and ETG Win per Unit per Day

26

($MM)

4,634Slots & ETGs 5,901 5,843 5,757 5,507

~ $300 Million of Annual Departmental Profit at the 3Q13 Run‐Rate

Source: Macao DICJ1. LVS’s slot market share as presented above reflects the Macao DICJ’s presentation methodology, which includes live dealer ETG configurations within the mass table 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)

Profitable Macao Slot Business Continues to Grow

1

Sands Cotai Central Phase IIB is Now Completed2,100 Additional Sheraton Rooms Opened January 28, 2013

27

St. Regis Apart‐Hotel

Phase I Phase IIA Phase IIB

Currently Operational

Future Phase

Air Conditioned Pedestrian Walkway

Sands Cotai Central

No Other Property in the History of Macao has Delivered $224 Million of EBITDA by its 5th Full Quarter of Operation

$2,397

$2,694

$1,404$1,196 $1,139 $1,043

$751

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

LVS2Q13

LVS3Q13

Galaxy² WynnMacau

MPEL SJM MGMChina

$6,623

$7,924

$682

$619

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

2Q12TTM

EBITDA

LVSEBITDAGrowth

All OthersEBITDAGrowth

2Q13TTM

EBITDA

LVS Outperforming Macao Market in EBITDA Generation and Growth

LVS generated 52% of the incremental EBITDA created in Macao in the TTM period ended 2Q13

28

Source: Company Reports1. Reflects adjusted property EBITDA for operating properties based on US GAAP for the twelve months ended June 30, 2013, and for LVS the twelve months ended September 30, 20132. Galaxy only includes revenue and EBITDA from Starworld and Galaxy MacauNote: LVS’s 3Q13 Macao property EBITDA reached $784.3 million, implying an annualized run‐rate EBITDA of $3.14 billion

EBITDA Margin

40% 29% ‐0.4% 15% 12% 7%

TTM Macao Market EBITDA1

TTM Growth

31% 28% 32% 25% 17% 25%

($MM)

Macao Market EBITDA Growth for the12 Months Ended June 30, 2013

($MM)

52% of Incremental EBITDA

48% of Incremental EBITDA

49%

32%

$260.8

$373.6 $372.1 $373.6

41.7%

48.3% 49.6% 48.3%

30%

40%

50%

60%

$0

$100

$200

$300

$400

3Q12 3Q13 3Q12 3Q13

$2.96 $2.97

$1.47 $1.55

$4.43 $4.52

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

3Q12 3Q13

Non‐Rolling Tables Slot Machines

Marina Bay Sands OperationsThird Quarter 2013 Details

29

Actual

Adjusted property EBITDA of $373.6 million, an increase of 43.3%

Hold‐normalized adjusted property EBITDA of $373.6 million, an increase of 0.4%

Rolling volume increased 17.0% to $13.79 billion compared to $11.79 billion in 3Q12

Total mass (non‐rolling tables and slots) win per day was $4.52 million, an increase of 2.0%

— Non‐Rolling win increased 0.5% to $273.3 million

— Slot win increased 4.9% to $142.2 million

Strong growth in hotel RevPAR, which increased 11.1% to $400 while room revenue increased 11.1% to $93.3 million

($MM)

($MM)

Adjusted Property EBITDA and Adjusted Property EBITDA Margin

VIP Strong, Mass Stable, and Continued Growth in Hotel Business

Non‐Rolling Table and Slot Win Per Day

Hold‐Normalized

$70.2$208.3 $285.0

$361.2$509.6 $561.1

$655.7$780.1

$821.5 $895.5$1,045.2 $1,086.6 $1,059.4 $1,119.5

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%

0.0%

10.0%

20.0%

30.0%

40.0%

$0

$300

$600

$900

$1,200

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

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

$40.4

$145.5$203.4

$249.9 $271.1

$345.2 $314.3

$418.1

$311.4 $317.0$377.5 $367.8

$407.8$342.4

$0

$75

$150

$225

$300

$375

$450

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

Singapore – Credit Collections Remain Healthy Reserve Balance Has Now Increased to 32.0% of Gross A/R

30

($MM)

Reserve Balance Has Increased to $359 Million as Accounts Receivable Balance Has Grown

($MM)

Casino Credit Collections Remain Healthy

$0Quarterly Provision

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

Life to Date Provision of $383M Represents 8% of Rolling Win Since Opening of Property

$38M $39M

‐Write‐Offs ‐ ‐ ‐ ‐ ‐ ‐‐‐‐ ‐ $11M

$37M

$13M

$39M

$4M

$135 $140 $143 $149 $160

$79 $83 $83 $87$97$7 $16 $24 $29$38

$152$156 $159

$157$155

$373$395 $409 $422

$450

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

3Q12 4Q12 1Q13 2Q13 3Q13

Venetian Macao Four Seasons Macao Sands Cotai Central¹ Marina Bay Sands²

Asian Retail Mall Revenue Increasing Steadily

31

($MM)

Trailing Twelve Months Retail Mall Revenue

83% 83% 83% 84%Operating Profit Margin

84%

1. At September 30, 2013, 210,143 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. 2. 39,000 square feet of the Shoppes at Marina Bay Sands (6.1% of total mall square footage) was being repositioned to higher yielding luxury tenants during the third quarter.

$309M $328M $341M $355MOperating Profit

$379M

Composition of 3Q13 Adjusted Property EBITDA

Asian Property Portfolio Dominates EBITDA Generation

32

Actual Results Hold‐Normalized Results

$1,275.8 Million $1,236.7 Million

Macao62%

Singapore 29%

Las Vegas 7% Bethlehem 2%

Macao64%

Singapore 30%

Las Vegas 4% Bethlehem 2%

$98.2$87.1

$60.1$48.526.9%

23.2%18.6%

14.6%

0%

10%

20%

30%

40%

$0

$20

$40

$60

$80

$100

$120

3Q12 3Q13 3Q12 3Q13

$382 $303

$199$241

$581 $544

$0$100$200$300$400$500$600$700

3Q12 3Q13Baccarat Non‐Baccarat

Las Vegas OperationsThird Quarter 2013 Details

33

Composition of Table Games Drop

Adjusted property EBITDA was $87.1 million, a decrease of 11.3%

— On a hold‐normalized basis, adjusted property EBITDA was $48.5 million, a decrease of 19.3%

Table games drop decreased 6.4% to $544.3 million, driven by a 20.7% decrease in Baccarat drop

— Non‐Baccarat drop increased 21.1% to $241.1 million

Slot handle increased 2.6% to $511.4 million

RevPAR increased 2.4% to $171 driven by an increase of 2.6% in ADR

Best opportunities for future growth:

— High‐end Asian gaming growth

— Increase in group room sales in 2014 and 2015

($MM)


Las Vegas Results Reflect The Competitive Operating Environment

Actual($MM)

Hold‐Normalized

$32.1 $29.6 $29.8 $29.0

26.3%24.0% 25.0% 23.7%

0%

10%

20%

30%

40%

$0

$5

$10

$15

$20

$25

$30

$35

3Q12 3Q13 3Q12 3Q13

$113 $123

$122 $138

$235$261

$0

$100

$200

$300

3Q12 3Q13Baccarat Non‐Baccarat

Sands Bethlehem OperationsThird Quarter 2013 Details

34

Adjusted property EBITDA decreased 8.0% to $29.6 million

— Hold‐normalized adjusted property EBITDA decreased 2.6% to $29.0 million

Table games drop increased 11.4% to reach $261.6 million

Slot handle increased 2.9% to $1.05 billion

Retail outlet mall (150,000 SF) features 26 stores including Coach, Tommy Hilfiger, DKNY and recently opened European Body Concepts Day Spa

Event Center (50,000 SF)

— Headline events include Willie Nelson, The Beach Boys, Incubus, Glenn Frey, Crosby, Stills and Nash, NBC Fight Night, and Diana Krall with average occupancy of 82%

($MM)

($MM)


Healthy Third Quarter Operating Performance

Composition of Table Games Drop

Actual Hold‐Normalized

In December 2012, the government of the region of Madrid passed legislation that outlined the regulatory framework to enable Integrated Resort development in the Madrid region

The next steps in the development process include:

European Development Update

35

1

2

3

4

5

6

Any Investment Would be Subject to the Receipt of Government Approvals and the Finalization of a Grants and Incentives Package that Would Enable

Investment, as well as Success in a Competitive Tender Process

Local, Regional and National Governments to complete enabling legislation and secure approval by EU as required

Madrid Government to conduct a competitive tender process

Determination of specific development site

Determination of size and scope of first phase of master plan

Complete evaluation of financing options

Acquisition of land for development

Macao Market Background and Infrastructure Slides

33%

67%

67%

33%

0%

20%

40%

60%

80%

100%

Gross Gaming Revenue Operating Profit

Mass Tables and Slots VIP Gaming

$14,226

$28,555

$42,782

$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

TTM September 2013 Macao Market Gross Gaming Revenue

VIP Gaming is 67% of Total Macao GGR……but Mass Tables and Slots Generate ~67% of Gaming Operating Profit

($MM)

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

Source: Macao DICJ1. The mass table segment grew 37% and the slot business grew 13% year-over-year2. 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 33% of the Gaming Revenue, but ~67% of the Gaming Operating Profit

37

3Q13 YoY Growth

+20%

+13%

+34%1

~2X

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

$4,358$4,952

$6,587

$8,949

$11,674

$14,226

16%

39%

30%

14%

33%36%

30% 29%

0%

10%

20%

30%

40%

50%

60%

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

2005 2006 2007 2008 2009 2010 2011 2012 LTM 9/30/13

Mass Table and Slot GGR Year‐over‐Year Growth

Strong and Consistent Growth in Macao’s High Margin Mass Market

38

Macao Mass Table and Slot Gross Gaming Revenue($MM)

Source: Macao DICJ

Macao’s Mass Table and Slot Revenue has Grown by at Least 26% in each of the Last 15 Quarters

Vital Drivers for Continued Mass Market Growth

Growth Driver

39

Improving Transportation Infrastructure Drives Deeper Penetration into Mainland China

Enhanced Transportation Infrastructure

Addressing the Growth Driver

High Speed Rail development throughout China (ongoing) Completion of inter‐city rail to Macao (1Q2013) Expansion of China‐Macao border gate (2Q2013) Macao‐Hong Kong‐Zhuhai Bridge (est. 2016) Macao Permanent Ferry Terminal near Cotai Strip (mid‐2014)

Increased Hotel Capacity

Opening of hotel rooms at Sands Cotai Central — 1,860 rooms opened on April 11, 2012— ~2,000 rooms opened on September 20, 2012— ~2,100 rooms opened on January 28, 2013

10,000+ hotel rooms to be developed on Hengqin Island, adjacent to Macao1

Continued Economic Growth in China

$8.28 trillion economy that grew at 7.8% in 20122

Growing Middle Class with rising disposable income Government policies to encourage higher consumption to drive

economic growth Chinese tourists have surpassed Americans and Germans in terms of

expenditures, and China is in line to become the world’s largest outbound tourist market (90 million projected tourists in 2013)

Sources: (1) Citi report dated May 21, 2013; (2) China’s National Bureau of Statistics; (3) China Outbound Tourism Research Institute

China’s High‐Speed RailConnecting More of Mainland China to Macao

Source: Wikipedia, LVS, NYT

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

Wuhan– Guangzhou High‐Speed Rail Wuhan is the capital of Hubei Province and the most populous city in Central China with ~10 million people

Wuhan is a major transportation hub and known as the economic hub of 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 75‐80 trains in each direction each day

40

According to media reports, China’s Ministry of Railways plans to spend

greater than US$100 billion per year on rail development for the foreseeable

future

Twelve Months Ended August 30, Population PenetrationProvince 2012 2013 % Change (MM) Rate (LTM)

Guangdong 8,197,401 8,064,422 ‐2% 104 7.7%

Fujian 899,927 786,691 ‐13% 37 2.1%

Zhejiang 604,145 644,779 +7% 54 1.2%

Hunan 598,711 619,573 +3% 66 0.9%

Shanghai 489,996 544,134 +11% 23 2.4%

Jiangsu 468,145 520,787 +11% 79 0.7%

Hubei 470,857 532,572 +13% 58 0.9%

Sichuan 327,177 375,020 +15% 80 0.5%

Beijing 326,116 352,599 +8% 20 1.8%

Henan 302,102 360,692 +19% 94 0.4%

Tianjin 126,928 122,983 ‐3% 13 1.0%

All Other Provinces 4,047,311 5,223,640 +29% 784 0.7%

Total China 16,858,816 18,147,892 +8% 1,354 1.3%

Growth in Visitation from Deeper Within China is Happening…

41NOTE: Penetration rates assume that each visitor to Macao from Mainland China is a unique visitorSource: Macao DSEC; National Bureau of Statistics of China; LVS Estimates

Year‐Over‐Year Visitation Growth Mainland China Visitation to Macao

Less than ‐10%‐10% ‐ 0%

0% ‐ 10%10% ‐ 20%

Greater than 20%Data Not Available

Meaningful Infrastructure Improvements Throughout the Pearl River Delta Region

Source: World Bank, China Daily, Chinatrainguide.com, Analyst reports. Note: population and GDP data from 201142

GuangzhouPopulation: 16M

GDP Per Capita: US$12,000

MacaoPopulation: 0.6M


Hengqin Island• Special economic area• Over $20B of overall investment• Over 10,000 hotel rooms• First phase of Chimelong theme park to open in late 2013 and expected to attract 20M visitors annually when fully built

Hong KongPopulation: 7M


Hong Kong‐Macao‐Zhuhai Bridge (2016)

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

ShenzhenPopulation: 10M


China Border Gate Expansion• Daily capacity going from 150,000 to 350,000 people in 2H13

• Will reduce average wait times on China side of border (2+ hours today)

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 HK• 25 trains in each direction per day

Infrastructure LegendExisting

FutureCompleted in 1Q13

5.2

6.3

7.3

8.1

8.7

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

2009 2010 2011 2012 TTM August2013

5.8

6.9

8.8 8.89.4

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

2009 2010 2011 2012 TTM August2013

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

Chinese Day‐Trip and Overnight Visitation To Macao Continues to Grow

(MM)

Source: Macao DSEC1. Reflects the growth compared to the twelve month period ended August 31, 2012

43

‐9% +19% +28% 0%

(MM)

Growth ‐1% +22% +16% +10%Growth 0

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

+4%1 +11%1

11.013.2

16.2 16.918.118.0

22.7

28.1

34.9

39.2

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

Macao Hong Kong

Mainland China Visitation to Macao and Hong Kong

Visitation to Macao Can Meaningfully Grow39.2 Million Residents of Mainland China Visited Hong Kong in TTM Aug 2013

(MM)

Source: Macao DSEC; Hong Kong Tourism Board44

‐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 39.2 Million Mainland Chinese Visitors to Hong Kong in TTM August 2013

Hong Kong Received 21M More Visitors from China in TTM August 2013 than did Macao

2009 2010 2011 2012 TTM August 2013

+8%

+21%

17.4

61.8

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

9.48.7

22.5

16.7

0.0

5.0

10.0

15.0

20.0

25.0

2.0

3.7

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0(Days)

Total TTM August 2013 Mainland Chinese Visitor Nights1

(MM)(MM)

Daytrip Visitors

Tremendous Opportunity for Increased Overnight Visitation to Macao in the Future

451. Calculated as total overnight visitors from Mainland China multiplied by average length of stay for Mainland overnight visitors in each market for 2012Source: Macao DSEC, Hong Kong Tourism Board

Composition of TTM August 2013 Visitation from Mainland China

Mainland Visitors Spent 61.8 Million Visitor Nights in Hong Kong in the Last 12 months Compared to Just 17.4 Million Visitor Nights spent in Macao

Overnight Visitors

Avg. Length of Stay for Mainland Chinese

Overnight Visitors in 2012

Macao Hong Kong

Hengqin Island to Support Macao’s Long Term Growth and Diversification

46

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

Designed to contribute to the diversification of Macao

— Hengqin’s central business district will feature a 2.5 million square foot convention center

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

Phase one of the US$3 billion Chimelong International Ocean Resort is expected to open in late 2013

— Phase one will feature 1,888 hotel rooms and an outdoor theme park containing the world’s longest roller coaster and largest Ferris wheel

— At completion, the resort is expected to attract 20 million visitors per year

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

Sands Cotai Central5,723

The Venetian Macao

2,905

Sands Macao, 289

Galaxy Macau2,200

Grand Waldo, 550Starworld, 509

Melco Crown1,461

Altira Macau, 216

Wynn Macau1,014 Grand Lisboa, 431

Sofitel Macau, 408MGM Grand, 587

9,277

3,259

1,6771,014 839 587

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

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

Hotel % of Gaming % of TotalGaming Operator Rooms Operators Market

Las Vegas Sands 9,354 56% 39%

Galaxy Entertainment 3,259 19% 13%Melco Crown 1,677 10% 7%Wynn Resorts 1,014 6% 4%SJM Holdings² 839 5% 3%MGM China 587 4% 2%

Subtotal Gaming Operators 16,730 100% 69%Other 4/5 Star 7,510 0% 31%Total 24,240 100% 100%


Sands China 9,277 56% 38%

Galaxy Entertainment 3,259 20% 13%Melco Crown 1,677 10% 7%Wynn Resorts 1,014 6% 4%SJM Holdings² 839 5% 3%MGM China 587 4% 2%


Market Leading Hotel Capacity at LVSLas Vegas Sands 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 7,587 additional four‐ and five‐star hotel rooms in Macao2. Reflects only SJM Holdings self‐owned hotelsSource: Company filings, Macao DSEC

47

LVS has developed more hotel rooms than the other five gaming operators combined

Macao Market Gaming Operator Hotel Rooms1

`Four Seasons Macao, 360

Sands Cotai Central5,723

The Venetian Macao

2,905

Sands Macao, 289

The Parisian Macao3,000

Galaxy Macau2,200

Grand Waldo, 550Starworld, 509

Galaxy Macau Phase II1,300

City of Dreams1,461

Altira Macau, 216

Macau Studio City2,000

Wynn Macau, 1,014

Wynn Cotai2,000

Grand Lisboa, 431Sofitel Macau, 408

SJM Cotai1,500

MGM Grand, 587

MGM Cotai1,600

12,716

4,5593,677

3,0142,339 2,187

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

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


Sands China 12,716 45% 35%

Galaxy Entertainment 4,559 16% 13%Melco Crown 3,677 13% 10%Wynn Resorts 3,014 11% 8%SJM Holdings² 2,339 8% 6%MGM China 2,187 8% 6%


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

1. In addition to the hotel rooms that are owned by gaming operators presented here, there are 7,823 additional four‐ and five‐star hotel rooms in Macao2. Reflects only SJM Holdings self‐owned hotelsSource: Company filings, DSEC

48

At the completion of the next phase of development, LVS will operate 45% of all gaming operator hotel rooms

Macao Market Gaming Operator Hotel Rooms at December 31, 20171

`

Four Seasons Macao, 360

St. Regis Macao, 439

Documents

Las Vegas Sands Corp. Earnings Call PresentationNet Debt to Trailing Twelve Months EBITDA 0.3 x2.3 x5.8 xNM 1.4 x Trailing Twelve Months EBITDA – $4.55 billion Trailing Twelve Months