The Venetian Macao Sands Cotai Central, Macao Marina Bay Sands, Singapore The Parisian, Macao 4Q14 Earnings Call Presentation January 28, 2015 Sands Macao Four Seasons Macao Sands Bethlehem The Venetian Las Vegas The Palazzo Las Vegas Forward Looking Statements 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. 2 The Investment Case for Las Vegas Sands 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 Integrated Resort development opportunities Committed to maximizing shareholder returns by delivering growth while continuing to increase the return of capital through recurring dividend and stock repurchase programs The industry’s most experienced leadership team: visionary, disciplined and dedicated to driving long-term shareholder value Maximizing Return to Shareholders by: 1. Delivering growth in current markets 2. Using leadership position in convention-based Integrated Resort development and operation to pursue global growth opportunities 3. Increasing return of capital to shareholders 3 Fourth Quarter 2014 Highlights Steady Operating Quarter with Increasing Returns of Capital to Shareholders Adjusted diluted EPS increased 27.8% to $0.92 per share Consolidated adjusted property EBITDA increased 10.9% to $1.35 billion Macao – Adjusted property EBITDA decreased 14.9% to $711.2 million, reflecting growth in non- gaming segments but a challenging environment in VIP and Premium mass gaming segments Marina Bay Sands – Adjusted property EBITDA increased 100.3% to a record $518.5 million reflecting growth in gaming and non-gaming segments, including a record retail performance¹ LVS returned a total of $635.3 million to shareholders during the quarter — $400.3 million ($0.50 per share) returned through recurring dividend — $235.0 million returned through share repurchases NOTE: All comparisons in this presentation compare the fourth quarter 2014 against the fourth quarter 2013 unless otherwise specified. 1. MBS’s quarterly results were positively impacted by a property tax reassessment of $90.1 million received in the fourth quarter of 2014 relating to the five year period ended December 31, 2014. Excluding the property tax reassessment, adjusted property EBITDA would have increased 65.5% to $428.4 million. 4 Fourth Quarter 2014 Financial Results $ in millions, except per share information 4Q13 4Q14 $ Change % Change Net Revenue $ 3,655.7 $ 3,416.0 $ (239.7) -6.6% Adjusted Property EBITDA¹ $ 1,214.0 $ 1,346.1 $ 132.1 10.9% Adjusted Property EBITDA Margin¹ 33.2% 39.4% 620 bps Adjusted Diluted EPS $ 0.72 $ 0.92 $ 0.20 27.8% Dividends per Common Share $ 0.35 $ 0.50 $ 0.15 42.9% Hold-Normalized Adjusted Property EBITDA² $ 1,332.9 $ 1,273.3 $ (59.6) -4.5% Hold-Normalized Adj. Property EBITDA Margin² 34.8% 38.4% 360 bps Hold-Normalized Adjusted Diluted EPS $ 0.84 $ 0.85 $ 0.01 1.2% 1. LVS’s quarterly results were positively impacted by a property tax reassessment at MBS of $90.1 million received in the fourth quarter of 2014 relating to the five year period ended December 31, 2014. Excluding the property tax reassessment, adjusted property EBITDA would be $1,256.0 million with adjusted property EBITDA margin of 36.8%. 2. Excluding the property tax reassessment, hold-normalized adjusted property EBITDA would be $1,183.2 million with hold-normalized adjusted property EBITDA margin of 35.7%. 5 Macao – Growth in Non-gaming Segments; VIP Soft Singapore – Growth in Mass Gaming and Nongaming Segments Macao – Growth in retail mall and hotel revenue; VIP and premium mass gaming remain soft — Mass table win decreased 9.2% to $1.11 billion (compared to a 16.1%¹ decrease in the Macao market) — Base mass table revenues were relatively resilient (decreasing just 2%) while premium mass table revenues decreased 17% — Slot and ETG win decreased 9.7% to $156.9 million (compared to a 16.8%¹ decrease in the Macao market) — Retail mall revenue increased 10.4% to a record $128.0 million — Rolling win decreased 36.9% to $837.7 million Singapore – Growth in mass, VIP and retail — Mass table and slot win increased 4.1% to $443.5 million ($4.82 million win per day) — Retail mall revenue increased 5.5% to a record $45.7 million — Rolling win increased 36.3% to $359.3 million — RevPAR increased 1.0% to $415, ADR decreased 0.7% to $422 and room revenue decreased 3.9% to $92.1 million (~11,000 fewer room nights were available during the quarter due to remodeling) 1. Based on Macau DICJ disclosure. 6 LVS Increasing Return of Capital to Shareholders Over $9.6 Billion of Capital Returned to Shareholders Over Last 12 Quarters LVS Recurring Dividends per Share1 In the fourth quarter of 2014, the LVS Board of Directors increased the LVS recurring dividend by $3.00 $2.60 30.0% to $2.60 per share for the 2015 calendar year $2.50 ($0.65 per share payable quarterly) $2.00 $2.00 $1.40 In the fourth quarter of 2014, the LVS Board of $1.50 $1.00 Directors also authorized an additional $2.0 billion $1.00 stock repurchase program following the completion $0.50 of the previous $2.0 billion program $0.00 2012 2013 2014 2015 The company remains committed to returning Total Capital Returned to Shareholders capital to shareholders via: Year Year Year — Recurring quarterly dividend program at Las Ended Ended Ended $ in millions 12/31/2012 12/31/2013 12/31/2014 Total Vegas Sands with a commitment to grow the recurring dividend each year LVS Dividends Paid1 $ 823 $ 1,153 $ 1,610 $ 3,586 LVS Special Dividend Paid 2,262 - - 2,262 LVS Shares Repurchased - 570 1,665 2,235 — $2.0 billion Las Vegas Sands stock repurchase Subtotal LVS $ 3,085 $ 1,723 $ 3,275 $ 8,083 program to be used to return excess capital SCL Dividends Paid2 357 411 777 1,545 Total $ 3,442 $ 2,134 $ 4,052 $ 9,628 to shareholders on an opportunistic basis The Company Remains Committed to Returning Capital to Shareholders While Maintaining a Strong Balance Sheet and the Financial Flexibility to Pursue New Development Opportunities 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 total $5.18 billion). 7 SCL Also Increasing Return of Capital to Shareholders Nearly US$5.2 Billion³ of Capital Returned to Shareholders Over Last 3 Years SCL Recurring Dividends per Share (HK$)1 In January 2015, the SCL Board of Directors $3.00 increased the SCL recurring interim dividend by $2.50 13.8% to HK$0.99 per share $2.00 $1.73 $1.50 $1.16 $1.33 $0.87 $0.99 $1.00 $0.50 The company remains committed to returning $0.00 capital to shareholders via: 2012 2013 2014 Interim Interim 2014 2015 — Recurring bi-annual dividend program at SCL Total Capital Returned to Shareholders Sands China Ltd. with a commitment to grow the recurring dividend each year Year Ended Year Ended Year Ended 12/31/2012 12/31/2013 12/31/2014 US$ in millions Interim Final Interim Final Interim Final Total SCL Dividends Paid1 $ 600 $ 602 $ 696 $ 685 $ 906 $ 894 $ 4,383 SCL Special Dividend Paid - - - - 801 - 801 SCL Shares Repurchased² - - - - - - - Total $ 600 $ 602 $ 696 $ 685 $ 1,707 $ 894 $5,184 ³ SCL Remains Committed to Returning Capital to Shareholders While Maintaining a Strong Balance Sheet and the Financial Flexibility to Pursue Development Opportunities 1. Excludes the special dividend paid in 2014. 2. SCL has not repurchased any shares to date. 8 3. Includes $3.64 Billion in dividends paid to the parent company, Las Vegas Sands Corp. LVS Generates Greater Forward Dividend Yield than the S&P500 Index 2015 Forward Dividend Yield of LVS and S&P5001 Sensitivity of LVS Dividend Yield 5.5% 5.5% 5.2% Dividend 5.0% 5.0% Yield as of 4.6% 4.6% 1/27/15² 4.5% 4.5% 4.3% 4.0% 4.0% 3.7% 3.5% +250 bps 3.5% 3.3% 3.0% 3.0% 2.9% 2.5% 2.5% 2.1% 2.0% 2.0% 1.5% 1.5% 1.0% 1.0% 0.5% 0.5% 0.0% 0.0% LVS S&P500 $50.00 $56.80 $60.00 $70.00 $80.00 $90.00 LVS’s 2015 Dividend Yield of 4.6% Reflects a 250 bps Premium Above the S&P500 Forward Dividend Yield Estimates 1.