Las Vegas Sands : Bernstein 42nd Annual Strategic Decisions Conference

About this update from Las Vegas Sands Corp.

Bernstein Strategic Decisions Conference May 2026 Investment Case and Strategic Priorities Investment Case: Global leader in Integrated Resort development and operation delivering industry-leading returns Largest scale operator in the most important markets with industry-leading revenues and margins Balance sheet strength enables investment in promising growth opportunities Experienced leadership team dedicated to driving long-term shareholder value and maximizing shareholder returns Strategic Priorities: Creating unique and memorable hospitality and entertainment experiences Leveraging market-leading suite capacity in both Singapore and Macao to attract more high-value business Returning excess capital to shareholders through share repurchase and dividend programs Pursuing development opportunities in new jurisdictions We believe our market-leading assets coupled with our focus on delivering unique and memorable hospitality and entertainment experiences to our customers will drive growth and produce strong returns for our shareholders in the years ahead Quarterly Highlights 1Q26 Summary Overview FINANCIAL PERFORMANCE & RETURN OF CAPITAL CONSOLIDATED FINANCIALS ▪ ▪ ▪ ▪ Net revenue increased 25.3% to $3.59 billion Net income increased 57.1% to $641 million Diluted earnings per share increased 73.5% to $0.85 per share Consolidated Adjusted Property EBITDA increased 24.6% to $1.42 billion RETURN OF CAPITAL TO SHAREHOLDERS ▪ ▪ LVS repurchased $740 million of common stock Repurchases in the quarter totaled 13.06 million LVS shares at a weighted average price of $56.64 - We have repurchased 14.3% of outstanding shares over the last 10 quarters1 LVS paid dividends of $202 million ($0.30 per share) OPERATING PERFORMANCE MARINA BAY SANDS Marina Bay Sands Adjusted Property EBITDA increased 30.2% to reach $788 million - Low hold on rolling play negatively impacted Adjusted Property EBITDA by $6 million Mass win (including tables and slots) increased 16% to reach $902 million ▪ ▪ Rolling win increased 115% to reach $639 million Adjusted Property EBITDA margin increased 100bps to reach 53.0% SANDS CHINA LTD. The Macao Market revenue composition and growth remain highly skewed toward the premium segment, which remains deeply competitive Macao Adjusted Property EBITDA increased 18.3% to reach $633 million - High hold on rolling play positively impacted Adjusted Prop...

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