Las Vegas Sands Corp. 4Q12 Financial Results

January 30, 2013

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

Macao – Record adjusted property EBITDA of $622.2 million (+43.3%) driven by strong growth in all segments ($575.4 million, up 32.5%, on a hold-adjusted basis)

— Sands Cotai Central delivered strong growth in revenue and EBITDA in second full quarter of operations

Singapore – Adjusted property EBITDA of $302.5 million unfavorably impacted by low rolling win percentage (hold-adjusted adjusted property EBITDA was up 6.9% to $406.4 million)

— Strong VIP volume at $16.47 billion in roll (+53.0%); Stable mass table and slot businesses; Continued growth in hotel room, MICE and retail segments

U.S. Operations – Las Vegas remained stable and Sands Bethlehem continued to grow

$2.47 billion of capital returned to shareholders during the quarter

— Paid recurring dividend of $0.25 per share and special dividend of $2.75 per share

— Board increased recurring dividend by 40% to $0.35 per quarter ($1.40 per year) for calendar 2013

Fourth Quarter 2012 Highlights Strong Quarterly Results and Increased Return of Capital to Shareholders

3

Maximizing Return to Shareholders by: 1. Delivering strong growth in current markets 2. Increasing return of capital to shareholders 3. Pursuing promising growth opportunities around the world

NOTE: All comparisons in this presentation compare the fourth quarter 2012 against the fourth quarter 2011 unless otherwise specified

Macao – Record EBITDA driven by strong growth in all segments

— Rolling volume increased 37.1% to record $39.33 billion

— Mass table win increased 52.6% to record $769.6 million

— Slot and ETG win increased 54.7% to record $162.1 million

Strong future growth in Macao to be enhanced by:

— 2,100 additional Sheraton hotel rooms completed at Sands Cotai Central on January 28, 2013

— 200 additional gaming tables to be added in 1Q13

Singapore – Strong VIP volume at $16.47 billion in roll; Stable mass table and slot businesses; Continued growth in hotel room, MICE and retail segments

— Rolling volume increased 53.0% to $16.47 billion (second highest quarter in property history)

— Mass table and slot revenues stable

— Room revenue increased 10.2% to $84.2 million driven by growth in ADR

Macao – Outstanding Growth in all Gaming Segments Singapore – VIP Strong; Mass Stable; Hotel and Retail Growing

4

Macao53%

Singapore37%

Las Vegas

8%

Macao62%

Singapore30%

Las Vegas

5%

Composition of 4Q12 Adjusted Property EBITDA

Asian Property Portfolio Dominates EBITDA Generation

5

Bethlehem 3%

Bethlehem 2%

Actual Results Hold-Adjusted Results

$1,003.0 Million $1,093.2 Million

$1.00$1.40

$2.75

$3.75

$1.40

$0.00

$1.00

$2.00

$3.00

$4.00

2012 2013

Recurring Dividend Special Dividend

6

Returned Over $3 Billion of Cash in 2012 Annual Recurring Dividend Increased by 40% for 2013

Dividends per Share1 Total dividends of $3.75 per share paid in 2012

— $1.00 recurring dividend per share

— $2.75 special dividend per share

Total capital returned to shareholders of $3.09 billion in 2012

— Total capital returned of $3.44 billion in 2012 (including dividend payments to public shareholders of Sands China)

Board of Directors increased recurring dividend by 40% to $1.40 per share for the 2013 calendar year ($0.35 per share payable quarterly)

The Company remains committed to increasing the return of capital to shareholders

1. Excludes dividends paid by Sands China Ltd. to public shareholders

$ in millions, except per share information 4Q11 4Q12 $ Change % Change

Net Revenue 2,544.4$ 3,077.0$ 532.6$ 20.9%

Adjusted Property EBITDA 960.6$ 1,003.0$ 42.4$ 4.4%

Adj. Property EBITDA Margin 37.8% 32.6% (520) bps

Adjusted Diluted EPS 0.57$ 0.54$ (0.03)$ -5.3%

Dividends per Common Share1 -$ 3.00$ 3.00$ N/A

Hold-Adjusted Adjusted Property EBITDA 929.4$ 1,093.2$ 163.7$ 17.6%

Hold-Adjusted Adj. Property EBITDA Margin 37.0% 34.7% (230) bps

Hold-Adjusted Adj. Diluted EPS 0.54$ 0.63$ 0.09$ 16.7%

Strong Fourth Quarter 2012 Financial Results Record Hold-Adjusted EBITDA of $1.09 Billion

7 1. Consists of a recurring quarterly dividend of $0.25 per share and a special dividend of $2.75 per share

Figures as of December 31, 2012 Sands China U.S. Corporate(US GAAP in $MM) Ltd. Singapore Operations1 and Other Total

Cash, Cash Equivalents and Restricted Cash 1,952.9$ 275.0$ 183.5$ 107.8$ 2,519.2$

Debt 3,217.2$ 4,095.4$ 2,917.5$ -$ 10,230.1$

Net Debt 1,264.3$ 3,820.4$ 2,734.0$ (107.8)$ 7,710.9$

Trailing Twelve Months Adjusted Property EBITDA 1,978.9$ 1,366.2$ 445.2$ 0.7$ 3,791.1$

Gross Debt to Trailing Twelve Months EBITDA 1.6 x 3.0 x 6.6 x NM 2.7 x

Net Debt to Trailing Twelve Months EBITDA 0.6 x 2.8 x 6.1 x NM 2.0 x

Cash Balance – $ 2.52 billion

Trailing Twelve Months EBITDA – $3.79 billion

Net Debt – $7.71 billion

Dividends Paid in 2012 – $3.09 billion

Net Debt to TTM EBITDA – 2.0 x

Strong Cash Flow and Balance Sheet Ample Liquidity for Future Growth Opportunities

8 1. U.S. Operations reflects the cash and debt levels at the U.S. Restricted Group (plus $71.0M in airplane and other financings) and adjusted property EBITDA from Las Vegas operations and Sands Bethlehem NOTE: The leverage ratios presented here do not reflect the effective leverage ratios as calculated under our respective credit agreements due to adjustments that are applied under each agreement

Strong Balance Sheet and Cash Flow Maximize Financial Flexibility

$434.2

$622.2

$434.2

$575.4

33.4%32.0%

33.4%30.8%

0%

10%

20%

30%

40%

50%

60%

$0

$100

$200

$300

$400

$500

$600

$700

4Q11 4Q12

Record Macao Operating Performance

9

($MM)

Macao Property Operations Adjusted Property EBITDA and Adjusted Property EBITDA Margin

Adj. Prop. EBITDA

Adj. Prop. EBITDA Margin

Hold-Adjusted Adj. Prop. EBITDA

Hold-Adjusted Adj. Prop. EBITDA Margin

Mass tables

— Mass table win up 52.6% to record $769.6 million

— Mass table efficiency up 33.2% to $9,716 win per table per day

Slots and ETGs

— Slot and ETG win up 54.7% to record $162.1 million driven by 118.9% increase in ETG win to $40.1 million

VIP gaming

— Rolling volume up 37.1% to record $39.33 billion

— VIP table efficiency up 10.8% to $920,000 roll per table per day

Macao Gaming Performance Strong Growth and Increased Efficiency Across Property Portfolio

10 Strong Operating Momentum Across All Gaming Segments

$462.7

$529.2$577.2

$669.5

$767.4

21.6%23.1%

24.3%26.4% 27.2%

0%

5%

10%

15%

20%

25%

30%

35%

40%

$0

$100

$200

$300

$400

$500

$600

$700

$800

4Q11 1Q12 2Q12 3Q12 4Q12

Mass Table Win % of Macao Mass Table Revenue

$7,294$8,063 $7,914

$8,699$9,716

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

4Q11 1Q12 2Q12 3Q12 4Q12

Mass Table Revenue1 Increased 65.9%

Mass Table Win per Table per Day2

11

($MM)

751 Mass Tables 727 801 823 861

> $1.2 Billion of Annual Departmental Profit at Today’s Run-Rate Source: Macao DICJ 1. LVS’s mass table revenue 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, 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 3. Consists of: City of Dreams, Galaxy Macau, Grand Lisboa, MGM Grand and Wynn Macau

3Q12 Non-SCL Flagship Property Average3

$10,291

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

$98.3$103.2

$110.9 $109.4

$143.2

25.9% 25.0%27.0% 27.8%

32.6%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

$0

$20

$40

$60

$80

$100

$120

$140

$160

4Q11 1Q12 2Q12 3Q12 4Q12

Slot Win % of Macao Market Slot Revenue

$333 $336$313 $300

$299

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

4Q11 1Q12 2Q12 3Q12 4Q12

Slot Revenue1 Increased 45.7%

Slot and ETG Win per Unit per Day

12

($MM)

3,422 Slots & ETGs 3,616 5,290 4,634 5,901

~ $250 Million of Annual Departmental Profit at Today’s Run-Rate Source: Macao DICJ 1. LVS’s slot revenue reflects the Macao DICJ’s presentation methodology, which includes live dealer ETG configurations within the mass table segment. For financial reporting, LVS presents a non-rolling table segment (which includes Paiza cash and excludes all ETGs) and a slot segment (which includes all ETGs). 2. Consists of: City of Dreams, Galaxy Macau, Grand Lisboa, MGM Grand and Wynn Macau

3Q12 Non-SCL Flagship Property Average2

$409

Profitable Slot Business Continues to Grow

$4.1

$0.6

$4.7

$1.9

$6.6

$4.7

$2.6

$0.8

$8.1

$2.0

$10.1

$0.0

$3.0

$6.0

$9.0

$12.0

Venetian Macao Sands CotaiCentral

Plaza Casino(Four Seasons)

Total Cotai Strip Sands Macao(Peninsula)

Total Macao Ops

4Q11 4Q12

Mass Table, Slot and ETG Win Per Day

($MM)

Robust Mass Growth Across our Property Portfolio All Cotai Strip Properties and Sands Macao Contributing to Growth

13 Mass Win Per Day Increased 54.5% to $10.2 Million in 4Q12 – Highest in Macao Market

Cotai Strip Properties Peninsula Total

$28.7

$32.9 $33.4

$36.0$39.3

13.3%12.6%

14.8%15.5%

17.2%

0%

5%

10%

15%

20%

$0

$5

$10

$15

$20

$25

$30

$35

$40

$45

4Q11 1Q12 2Q12 3Q12 4Q12

Rolling Volume % of Macao Market Rolling Volume

$0.83$0.89

$0.72

$0.78

$0.92

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

4Q11 1Q12 2Q12 3Q12 4Q12

Consolidated Rolling Volume per Table per Day

($MM)

14

Rolling Volume Increased by 36.9%

377 Rolling Tables 407 511 500 465

> $500 Million of Annual Departmental Profit at Today’s Run-Rate

3Q12 Non-SCL Flagship Property Average1 $1.24

1. Consists of: City of Dreams, Galaxy Macau, StarWorld, Grand Lisboa, MGM Grand and Wynn Macau

($BN)

VIP Business Exhibiting Strong Growth Gaining Market Share and Increasing Table Productivity

$4,759$5,887

$6,613

$0

$2,000

$4,000

$6,000

$8,000

2Q12¹ 3Q12 4Q12

$0.58$0.66

$0.76

$0.00

$0.25

$0.50

$0.75

$1.00

2Q12¹ 3Q12 4Q12

1,357

2,075

3,087

0

1,000

2,000

3,000

4,000

2Q12¹ 3Q12 4Q12

Sands Cotai Central is Ramping Strong Growth in Gaming Volumes and Visitation at Sands Cotai Central

15

VIP Rolling Volume Per Table Per Day

($MM)

($MM)

Mass Table, Slot and ETG Win Per Day

Walkover Bridge and Additional Hotel Capacity to Drive Future Growth 1. The 2Q12 period reflects 81 days of operations beginning on April 11, 2012

$1.36$1.56

$2.58

$0.00

$1.00

$2.00

$3.00

2Q12¹ 3Q12 4Q12

Mass Table Win per Table per Day

(000s)

Total Property Visitation

Mass Tables 217 207 316

VIP Tables 145 149 146

Sands Cotai Central Phase IIB is Now Completed 2,100 Additional Sheraton Rooms Opened January 28, 2013

16

Phase III Phase I Phase IIA Phase IIB

Picture taken January 30, 2013 Opened on January 28, 2013

Currently Operational

Future Phase

Walkover Bridge

Sands Cotai Central

Walkover Bridge Opened on December 20, 2012 and 2,100 New Rooms Opened On January 28, 2013

Expanding Our Asset Base on the Cotai Strip The Parisian Macao

17 LVS Operating Assets

LVS Planned Development

Third Party Operating Asset

The Parisian (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

Macau Int’l

Airport

City of Dreams

Third Party Future Development

Galaxy Macau

Macau Studio City

St. Regis

Conrad / Holiday Inn

Sheraton Sheraton Towers

Rendering of The Parisian Macao

Map of Macao’s Cotai Strip

Site preparation work began in January 2013

Targeted completion date: Fourth Quarter 2015

Total cost of project: ~$2.7 billion

Hotel rooms and suites: 3,000+

Gaming capacity: 350 – 450 table games and 2,500 slots and ETGs

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

C

OT

A

I

S

T

R

I

P

Tropical Garden

Hold-adjusted EBITDA of $406.4 million (an increase of 6.8% from 4Q11)

Gaming

— VIP volumes strong at $16.47 billion in rolling volume (second highest quarter on record), but low hold of 2.14%

— Mass table revenue steady ($260 million to $280 million per quarter over the last six quarters)

— Slot revenue steady ($135 million to $150 million per quarter over the last six quarters)

— Future growth will come from increased visitation to Singapore

Strong hotel performance – Hotel room revenue up 10.2% to $84.2 million

Strong retail performance – Retail mall revenue up 11.6% to $44.7 million

Singapore – VIP Strength, Mass Stable, Continued Growth in Hotel, MICE and Retail

18

Our Focus in Singapore: 1. Increasing visitation to Singapore, which will drive growth at Marina Bay Sands 2. Identifying high value customers throughout the region and bringing them to MBS

South Korea

Geographic Areas of Future Development Interest for Las Vegas Sands

Japan

Singapore MBS Expansion

Vietnam

Europe – Madrid

Minimum of 20% return on total invested capital

25% - 35% of total project costs to be funded with equity -- project financing (65% - 75% of total project costs) in place before construction begins

Disciplined Execution of Our Global Growth Strategy Development Opportunity Parameters

19

North America

Macao The Parisian Macao

Sands Cotai Central (Phase III)

South America

We are expanding our market-leading asset base in Macao, the world’s largest and most profitable gaming market

— We are delivering strong growth in every segment in Macao

— We have meaningful additional growth opportunities across our Macao portfolio (including through the 2,100 additional hotel rooms and 200 additional gaming tables that we have added across our Macao portfolio in January 2013)

Our track record of execution, strong cash flow and balance sheet, and disciplined and experienced leadership team position us to:

— Execute our strategy to deliver strong growth in our current markets

— Increase the return of capital to shareholders

— Increased recurring dividend by 40% to $0.35 per quarter, or $1.40 per year, for 2013

— Pursue promising development opportunities around the world

The Investment Case for Las Vegas Sands

20

Appendix

$ in millions 4Q11 1Q12 2Q12 3Q12 4Q12

Macao Property OperationsReported 434.2$ 456.4$ 429.0$ 487.9$ 622.2$ Hold-Adjusted 434.2$ 439.5$ 441.0$ 487.9$ 575.4$

Marina Bay SandsReported 426.9$ 472.5$ 330.4$ 260.8$ 302.5$ Hold-Adjusted 380.3$ 389.9$ 374.0$ 372.1$ 406.4$

Las Vegas OperationsReported 80.9$ 115.8$ 64.4$ 98.2$ 52.8$ Hold-Adjusted 96.1$ 98.7$ 82.6$ 60.1$ 87.9$

Sands BethlehemReported 22.5$ 27.5$ 26.9$ 32.1$ 27.5$ Hold-Adjusted 22.6$ 27.3$ 27.8$ 29.8$ 25.6$

LVS Consolidated2

Reported 960.6$ 1,066.5$ 844.7$ 876.9$ 1,003.0$ Hold-Adjusted 929.4$ 949.7$ 919.4$ 947.7$ 1,093.2$

Historical Hold-Adjusted Adj. Property EBITDA1

23

1. This schedule presents hold-adjusted adjusted property EBITDA based on the following methodology: (a) for Macao operations and Marina Bay Sands: if the quarter’s junket and/or premium direct 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 in that segment 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

31%

56%

69%

44%

0%

20%

40%

60%

80%

100%

Gross Gaming Revenue Operating Profit

Mass Tables and Slots VIP Gaming

$11,674

$26,373

$38,047

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

Gross Gaming Revenue

Mass Tables and Slots VIP Gaming

2012 Macao Market Gross Gaming Revenue

VIP Gaming is 69% of Total Macao GGR… …but Mass Tables and Slots Generate ~56% of Gaming Operating Profit

($MM)

Composition of Macao Market Gross Gaming Revenue and Est. Gaming Operating Profit1

Source: Macao DICJ 1. This presentation reflects an assumed operating profit margin of 12.5% on gross VIP revenue and a blended margin of 36% on gross mass revenue (35% on mass table revenue and 45% on slot revenue)

Mass Gaming Generates 31% of the Gaming Revenue, but ~56% of the Gaming Operating Profit

24

4Q12 YoY Growth

+10%

+3%

+30%

5.8

6.9

8.8 8.8

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

5.2

6.3

7.3

8.1

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

2009 2010 2011 2012

Mainland China Day-Trip Visitors to Macao

Mainland China Overnight Visitors to Macao

While Day-Trip Visitation Growth to Macao has Slowed….Overnight Visitation has Continued to Expand

(MM)

Source: Macao DSEC 25

-9% +19% +28% 0%

(MM)

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

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

China’s High-Speed Rail Connecting More of Mainland China to Macao

Source: Union Gaming, LVS

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

26

Growth in Visitation from Deeper Within China is Happening…

27

Xinjiang 22M

Tibet 6M

Qinghai 6M

Sichuan 81M 0.4%

Chongqing 29M 0.7%

Henan 94M 0.3%

Hubei 58M 0.8%

Shanxi 36M 0.6%

Hebei 58M 0.3%

Shandong 97M 0.2%

Beijing 21M 1.7%

Liaoning 44M 0.6%

Jilin 28M 0.6%

Heilongjiang 38M 0.6%

Jiangshu 79M 0.6% Anhui

59M 0.4%

Hunan 66M 0.9%

Jiangxi 45M 0.8%

Zhejiang 54M 1.1%

Guangxi 47M 0.8%

Guizhou 35M

Yunnan 46M

Ningxia 6M

Shaanxi 38M 0.4%

Inner Mongolia

25M 0.4%

Gansu 26M

Guangdong 105M 7.6%

Fujian 37M 2.2%

Shanghai 24M 2.2%

Tianjin 14M 1.0%

Taiwan 23M 4.7%

Province Population

Penetration Rate

Year-Over-Year Visitation Growth

Less than -10% -10% - 0% 0% - 10%

10% - 20% Greater than 20%

Data Not Available

Presentation of Data

Hong Kong 7M

99.9% Macao

NOTE: 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

Meaningful Infrastructure Improvements Throughout the Pearl River Delta Region

Source: World Bank, China Daily, Chinatrainguide.com, Analyst reports. Note: population and GDP data from 2011 28

Guangzhou Population: 16M

GDP Per Capita: US$12,000

Macao Population: 0.6M

GDP Per Capita: US$66,000

Hengqin Island • Special economic zone • Nearly $20B of overall investment • Over 10,000 hotel rooms • First phase of Chimelong theme park to open in

2013 and expected to attract 20M visitors annually when fully built

Hong Kong Population: 7M

GDP Per Capita: US$34,000

Hong Kong-Macao-Zhuhai Bridge (2016)

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

Shenzhen Population: 10M

GDP Per Capita: US$18,000

China Border Gate Expansion • Daily capacity going from 150,000 to 350,000

people in 1H13 • 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 Legend Existing

Future Completed in 1Q13

11.013.2

16.216.918.0

22.7

28.1

34.9

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

2009 2010 2011 2012Macao Hong Kong

Mainland China Visitation to Macao and Hong Kong

How Big Can Visitation to Macao Be? 34.9 Million Residents of Mainland China Visited Hong Kong in 2012

(MM)

Source: Macao DSEC; Hong Kong Tourism Board 29

-5% +20% +22% +5% Macao +6% Hong Kong +26% +24% +24%

Robust Transportation Infrastructure, 74,000 Hotel Rooms and Other Amenities Enabled 34.9 Million Mainland Chinese Visitors to Hong Kong in 2012

Hong Kong Received

18M More Visitors from China in 2012 than Macao

$3.02 $2.92

$1.63 $1.57

$4.64 $4.49

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

4Q11 4Q12

Non-Rolling Tables Slot Machines

Adj. Prop. EBITDA

Adj. Prop. EBITDA Margin

Hold-Adjusted Adj. Prop. EBITDA

Hold-Adjusted Adj. Prop. EBITDA Margin

Marina Bay Sands Operations Fourth Quarter 2012 Details

30

Non-Rolling Table and Slot Win Per Day

On a hold-adjusted basis, adjusted property EBITDA was $406.4 million (+6.9%)

Adjusted property EBITDA of $302.5 million, a decrease of 29.1%, was unfavorably impacted by:

— Lower rolling win percentage of 2.14%

— Increase in property taxes of $24.0 million

Rolling volume of $16.47 billion in 4Q12 (second highest in property history) compared to $10.76 billion in 4Q11

Total mass (non-rolling tables and slots) win per day decreased 3.2% to $4.49 million

— Non-Rolling win decreased 3.3% to $268.6 million

— Slot win decreased 3.5% to $144.3 million

Strong growth in non-gaming amenities

— Hotel RevPAR increased 10.0% to $362 and room revenue increased 10.2% to $84.2 million

— Retail mall revenue increased 11.6% to $44.7 million

($MM)

($MM)

Adjusted Property EBITDA and Adjusted Property EBITDA Margin

$426.9

$302.5

$380.3 $406.4

52.9%

42.2%

50.4%48.7%

30%

40%

50%

60%

$0

$100

$200

$300

$400

$500

4Q11 4Q12

$40.4

$145.5$203.4

$249.9 $271.1

$345.2 $314.3

$418.1

$311.4 $317.0$377.5

$0

$75

$150

$225

$300

$375

$450

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

$70.2$208.3

$285.0$361.2

$509.6 $561.1$655.7

$780.1$821.5 $895.5

$1,045.2

0.0%8.4% 9.6%

12.9% 11.3%14.6%

18.2% 19.8%23.4%

26.8% 26.7%

0.0%

10.0%

20.0%

30.0%

40.0%

$0

$200

$400

$600

$800

$1,000

$1,200

2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12Gross Casino A/R Balance at End of Period Reserve Against A/R Balance

Singapore – Credit Collections Remain Healthy Reserve Balance Has Now Increased to $280 Million

31

($MM)

Reserve Balance Has Increased to $280 Million as Accounts Receivable Balance Has Grown

($MM)

Casino Credit Collections Remain Healthy

$0 Quarterly Provision

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

Reserve Balance of $280M Represents 8% of Rolling Win Since Opening of Property

$38M

$331 $252

$201$208

$532$459

$0

$200

$400

$600

4Q11 4Q12Baccarat Non-Baccarat

Adj. Prop. EBITDA

Adj. Prop. EBITDA Margin

Hold-Adjusted Adj. Prop. EBITDA

Hold-Adjusted Adj. Prop. EBITDA Margin

Las Vegas Operations Fourth Quarter 2012 Details

32

Composition of Table Games Drop

Adjusted property EBITDA of $52.8 million, a decrease of 34.7%

— On a hold-adjusted basis, adjusted property EBITDA was $87.9 million (-8.5%)

Table games drop decreased 13.7% to $459.4 million, driven by a 23.9% decrease in baccarat drop

Slot handle decreased 0.7% to $517.3 million

Cash ADR increased 6.2% to $205

Venetian casino remodel complete

New entertainment offerings debuted in December 2012 featuring Broadway hit Rock of Ages and a series of performances by country stars Tim McGraw and Faith Hill

Best opportunities for future growth:

— Continued high-end Asian gaming growth

— Increase in group room sales in 2013

($MM)

($MM)

Adjusted Property EBITDA and Adjusted Property EBITDA Margin

Las Vegas is Stable. . . And We Are Investing in Our Properties for the Future

$80.9

$52.8

$96.1$87.9

23.8%

17.1%27.0%

25.4%

10%

20%

30%

40%

$0

$25

$50

$75

$100

4Q11 4Q12

$88 $108

$106$123

$194$231

$0

$50

$100

$150

$200

$250

4Q11 4Q12Baccarat Non-Baccarat

Adj. Prop. EBITDA

Adj. Prop. EBITDA Margin

Hold-Adjusted Adj. Prop. EBITDA

Hold-Adjusted Adj. Prop. EBITDA Margin

Sands Bethlehem Operations Fourth Quarter 2012 Details

33

Adjusted property EBITDA increased 22.2% to $27.5 million

Table games drop was $230.6 million, an increase of 19.0%

Slot handle increased 1.2% to $967.8 million

Retail outlet mall (150,000 SF) opened in November 2011

— 21 stores currently open, with an additional 9 stores to open in the future with brands including Coach, Tommy Hilfiger, DKNY, Under Armour and Guess

Event Center (50,000 SF) opened May 16, 2012

— Past headline events include The Beach Boys, Incubus, Glenn Frey, Crosby Stills and Nash, Jay Leno, NBC Fight Night, and Diana Krall with average occupancy of 85%

($MM)

($MM)

Adjusted Property EBITDA and Adjusted Property EBITDA Margin

Table Games, Slots, Hotel and Event Center All Contributing to Growth

Composition of Table Games Drop

$22.5$27.5

$22.6$25.6

21.4% 23.4%

21.5% 22.1%

10%

20%

30%

40%

$0

$5

$10

$15

$20

$25

$30

4Q11 4Q12

$193

$472 $500 $450 $450 $450 $500

$820

$830

$360

$140

$415$1,100

$830

$230

$496$107

$125

$1,508 $1,449 $1,400

$1,700

$1,300

$700

$500

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000

2011A 2012A 2013E 2014E 2015E 2016E 2017E

Maintenance Sands Cotai Central The Parisian Macao² Other Developments

Capital Expenditures Expectations1

Future Investments Include SCC, The Parisian Macao and Maintenance com

Future Capital Expenditures Focused on Growth in Asia

($MM)

1. Includes capitalized interest 2. $2.7 billion project expected to be funded by approximately $700 million of equity and $2.0 billion in project financing. The timing of capex is subject to government approval.

Sands Cotai Central The Parisian Macao2

LVS Capex Expectations

Development Timeline Pre-Opening Post-Opening

34

$201

$923

$2,086

$151

$640

$942

$1,533

$829

$1,169

$187

$1,384

$98

$1,527$1,756

$4,417

$1,591

$830

$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

Long Dated Maturity Profile Debt Maturity by Year at December 31, 2012

Long Term and Low Cost Financing in Place

($MM)

<1% 15% 17% 16% % of Total 43% 8% <1%

35

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

While the development process is still in the early phases, the next steps include:

European Development Update

36

1

2

3

4

5

6

Progress Towards a Resolution of the Current Economic Challenges within Europe will be an Important Consideration in the Development Process

European Union, Local and National Governments to complete review of enabling legislation

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