- The document is the 3Q15 earnings presentation for Las Vegas Sands Corp. It provides financial highlights for the quarter including net revenue, adjusted property EBITDA, margins, EPS, and dividends paid. - Geographically, EBITDA was derived 49% from Macao, 38% from Singapore, and 13% from the United States. Both LVS and Sands China are committed to returning capital to shareholders through dividends and share repurchases, with over $12 billion returned over the last 15 quarters. - LVS maintains a strong balance sheet and cash flow with a net debt to TTM EBITDA of 1.6x providing flexibility for growth and capital returns.

1. The Venetian Macao Marina Bay Sands, Singapore
Sands Macao Four Seasons Macao Sands Bethlehem The Venetian Las Vegas The Palazzo, Las Vegas
3Q15 Earnings Call Presentation
October 21, 2015
The Parisian MacaoSands Cotai Central, Macao

2. 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 development, construction and ventures, substantial
leverage and debt service, government regulation, tax law changes, legalization of
gaming, interest rates, future terrorist acts, influenza, insurance, gaming promoters,
risks relating to our gaming licenses, certificate and subconcession, infrastructure in
Macao, our ability to meet certain development deadlines, our subsidiaries’ ability to
make distribution payments to us, 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

3.  Net revenue was $2.89 billion
 Consolidated adjusted property EBITDA was $1.05 billion
 While Macao remains a challenging market, particularly in the VIP Segment, growth in Singapore
and strong RevPAR growth in Las Vegas, together with our cost containment program in Macao,
contributed to the third successive quarter of quarterly adjusted Property EBITDA in excess of $1
Billion
 Hold-normalized consolidated adjusted property EBITDA margin increased 100 bps Y/Y to 37.4%
 Macao – Adjusted property EBITDA was $536.8 million. Hold-normalized adjusted property EBITDA margins
increased 170 bps Q/Q to a Macao market-leading 33.4%
 Marina Bay Sands – Despite headwind of stronger US dollar, hold-normalized adjusted property EBITDA
was $411.3 million, an increase of 12.2% Y/Y
 Hold-normalized adjusted property EBITDA increased 22.4% Y/Y on a constant currency basis
 Adjusted diluted EPS was $0.66 per share; Hold-normalized adjusted diluted EPS was $0.71
 LVS returned a total of $597.4 million to shareholders during the quarter through:
 Recurring dividend of $0.65 per share
 Stock repurchase program ($80.0 million repurchased at a weighted average price of $45.75
during the quarter)
Third Quarter 2015 Financial Highlights
EBITDA Remains Stable Sequentially in Macao, Growth in Singapore and RevPAR Growth in Las Vegas
3NOTE: All comparisons in this presentation compare the third quarter 2015 against the third quarter 2014 unless otherwise specified.

4. $ in millions, except per share information 3Q14 3Q15 $ Change % Change
Net Revenue 3,533.1$ 2,893.7$ (639.4)$ -18.1%
Adjusted Property EBITDA 1,283.9$ 1,052.2$ (231.7)$ -18.0%
Adjusted Property EBITDA Margin 36.3% 36.4% +10 bps
Adjusted Diluted EPS 0.84$ 0.66$ (0.18)$ -21.4%
Dividends per Common Share 0.50$ 0.65$ 0.15$ 30.0%
Hold-Normalized Adjusted Property EBITDA 1,255.1$ 1,087.3$ (167.8)$ -13.4%
Hold-Normalized Adj. Property EBITDA Margin 36.4% 37.4% +100 bps
Hold-Normalized Adjusted Diluted EPS 0.81$ 0.71$ (0.10)$ -12.3%
Third Quarter 2015 Financial Results (Y/Y)
Quarter Ended September 30, 2015 vs Quarter Ended September 30, 2014
4

5. $ in millions, except per share information 2Q15 3Q15 $ Change % Change
Net Revenue 2,921.4$ 2,893.7$ (27.7)$ -0.9%
Adjusted Property EBITDA 1,016.2$ 1,052.2$ 36.0$ 3.5%
Adjusted Property EBITDA Margin 34.8% 36.4% +160 bps
Adjusted Diluted EPS 0.60$ 0.66$ 0.06$ 10.0%
Dividends per Common Share 0.65$ 0.65$ -$ -
Hold-Normalized Adjusted Property EBITDA 1,013.9$ 1,087.3$ 73.4$ 7.2%
Hold-Normalized Adj. Property EBITDA Margin 35.2% 37.4% +220 bps
Hold-Normalized Adjusted Diluted EPS 0.61$ 0.71$ 0.10$ 16.4%
Third Quarter 2015 Financial Results (Q/Q)
Quarter Ended September 30, 2015 vs Quarter Ended June 30, 2015
5

6. Macao
49%
Singapore
38%
United States
13%
Macao
52%Singapore
37%
United States
11%
Actual
Geographically Diverse Sources of EBITDA
For Las Vegas Sands
6
EBITDA Contribution by Geography in Q3 2015
Hold-Normalized
$1,052M $1,087M

7. $1.00
$1.40
$2.00
$2.60
$2.88
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
2012 2013 2014 2015 2016
Year Year Year Nine Months
Ended Ended Ended Ended
$ in millions 12/31/2012 12/31/2013 12/31/2014 9/30/2015 Total
LVS Dividends Paid1
823$ 1,153$ 1,610$ 1,555$ 5,141$
LVS Special Dividend Paid 2,262 - - - 2,262
LVS Shares Repurchased - 570 1,665 145 2,380
Subtotal LVS 3,085$ 1,723$ 3,275$ 1,700$ 9,783$
SCL Dividends Paid
2
357 411 538 619 1,925
SCL Special Dividend Paid - - 239 - 239
Subtotal SCL 357$ 411$ 777$ 619$ 2,164$
Total 3,442$ 2,134$ 4,052$ 2,319$ 11,947$
7
LVS Increasing Return of Capital to Shareholders
Nearly $12.0 Billion of Capital Returned to Shareholders Over Last 15 Quarters
LVS Recurring Dividends per Share1
The company remains committed to returning capital to shareholders
via dividends and repurchases:
 Dividends:
 The LVS Board of Directors increased the LVS recurring
dividend by 10.8% to $2.88 per share for the 2016
calendar year ($0.72 per share payable quarterly)
 Recurring quarterly dividend program at Las Vegas
Sands with a commitment to maintaining recurring
dividends and increasing dividends in the future as cash
flows grow
 Repurchases:
 Since the inception of the company’s share repurchase
program in June 2013, the company has returned $2.38
billion to shareholders through the repurchase of 34.0
million shares
 During the third quarter of 2015, $80.0 million of
common stock was repurchased at a weighted average
price of $45.75
 $1.62 billion remains under current authorization
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 $7.26 billion).
The Company Remains Committed to Returning Capital to Shareholders While Maintaining a
Strong Balance Sheet and the Financial Flexibility to Pursue Development Opportunities
Total Capital Returned to Shareholders
Return of Capital to Shareholders

8. US$ in millions Interim Final Interim Final Interim Final Interim Final Total
SCL Dividends Paid
1
600$ 602$ 696$ 685$ 906$ 894$ 1,030$ 1,041$ 6,454$
SCL Special Dividend Paid - - - - 801 - - - 801
Total 600$ 602$ 696$ 685$ 1,707$ 894$ 1,030$ 1,041$ 7,255$
Year-to-Date
9/30/201512/31/2012
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 2015
8
SCL Also Increasing Return of Capital to Shareholders
Over US$7.2 Billion of Capital Returned to Shareholders Over Last 15 Quarters
SCL Recurring Dividends per Share (HK$)1
 For the 2015 year, the SCL Board of Directors
increased the SCL dividend to HK$1.99 per share,
including an interim dividend of HK$0.99 per share
paid in February and a final dividend of HK$1.00
per share paid on July 15, 2015
 SCL remains committed to returning capital to
shareholders via:
— Recurring bi-annual dividend program at
Sands China Ltd. with a commitment to
maintaining recurring dividends and
increasing dividends in the future as cash
flows grow
1. Excludes the special dividend paid in 2014.
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
Return of Capital to Shareholders

9. 6.5%
5.5% 5.2%
4.3%
3.7%
3.3%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
$40.00 $47.31 $50.00 $60.00 $70.00 $80.00
5.5%
2.3%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
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 October 20, 2015.
2. Reflects the 2015 LVS dividend ($2.60) over the closing price for LVS on October 20, 2015.
LVS’s 2015 Dividend Yield of 5.5% Reflects a 320 bps
Premium Above the S&P500 Forward Dividend Yield Estimates
Sensitivity of LVS Dividend Yield
Dividend
Yield as of
10/20/15²
+320 bps
9

10. Figures as of September 30, 2015 Sands China U.S. Corporate
(US GAAP in $MM) Ltd. Singapore Operations2
and Other Total
Cash, Cash Equivalents and Restricted Cash 1,045.6$ 441.3$ 309.2$ 66.8$ 1,863.0$
Debt 3,394.2$ 3,155.9$ 2,578.8$ -$ 9,128.9$
Net Debt 2,348.6$ 2,714.6$ 2,269.6$ (66.8)$ 7,265.9$
Trailing Twelve Months Adjusted Property EBITDA 2,335.5$ 1,686.8$ 423.7$ 19.0$ 4,465.0$
Gross Debt to Trailing Twelve Months EBITDA 1.5 x 1.9 x 6.1 x NM 2.0 x
Net Debt to Trailing Twelve Months EBITDA 1.0 x 1.6 x 5.4 x NM 1.6 x
At September 30, 2015:
 Trailing Twelve Months Adjusted Property EBITDA – $4.46 billion
 Trailing Twelve Months LVS Dividends Paid – $1.96 billion
 Trailing Twelve Months SCL Dividends Paid – $619.1 million1
 Trailing Twelve Months LVS Stock Repurchases – $380.0 million
 Cash Balance – $1.86 billion
 Net Debt – $7.96 billion
 Net Debt to TTM EBITDA – 1.6x
Strong Cash Flow, Balance Sheet and Liquidity
Flexibility 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 $2.07 billion.
2. U.S. Operations includes the cash and debt at the U.S. Restricted Group (plus $60.9 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.
Strong Balance Sheet and Cash Flow Maximize Financial Flexibility
3

11. Macao Operating Performance (Y/Y)
Quarter Ended September 30, 2015 vs Quarter Ended September 30, 2014
11
($MM)
Macao Property Operations Adjusted Property EBITDA and Adjusted Property EBITDA Margin
Actual Hold-Normalized
-31.6%-33.6%
$809.0
$536.8
$772.1
$528.3
35.1%
33.0%
35.0%
33.4%
0%
10%
20%
30%
40%
50%
60%
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
3Q14 3Q15 3Q14 3Q15

12. $559.8
$536.8 $526.5
$528.3
32.2% 33.0%
31.7%
33.4%
0%
10%
20%
30%
40%
50%
60%
$0
$100
$200
$300
$400
$500
$600
$700
2Q15 3Q15 2Q15 3Q15
Macao Operating Performance (Q/Q)
Quarter Ended September 30, 2015 vs Quarter Ended June 30, 2015
12
($MM)
Macao Property Operations Adjusted Property EBITDA and Adjusted Property EBITDA Margin
Actual Hold-Normalized
+0.3%-4.1%

13. Mass Tables
51%
Slots 8%
Hotel 15%
Mall 13%
Other 3%
VIP 10%
Mass Tables
53%
Slots 8%
Hotel 13%
Mall 8%
Other 2%
VIP 16%
TTM 3Q14
Macao: Diversified and Stable Sources of
Departmental Profit For Las Vegas Sands and Sands China
13
Mass Tables / Slots and Non-Gaming Generated 90% of Macao’s Departmental Profit
in the TTM 3Q15 Period vs. 84% in the TTM 3Q14 Period
Macao Departmental Profit Contribution by Segment¹
TTM 3Q15
1. Represents departmental profit by segment (before unallocated expenses) for the respective TTM periods ending September 30, 2014 and 2015.

14. $452
$559
$580
$547
$509
$461
$412 $402
$367
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15
$609
$659
$757
$702 $709
$645
$601
$574 $563
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15
14
SCL Base Mass Table Win by Quarter
Macao: SCL Base Mass Showing Greater Stability
Than Premium Mass in Macau’s Softer Mass Market
Note: LVS base mass and premium mass table revenues as presented above are based on the geographic position of the tables on the gaming floor.
Our Mass Table Offering is the Broadest and Deepest in the Macao Market
($MM)
SCL Premium Mass Table Win by Quarter
SCL Departmental Profit Margin: 40% - 50% SCL Departmental Profit Margin: 25% - 40%
($MM)
255
Avg.
Tables
313 292798
Avg.
Tables
836 919
Avg. Win per Table per Day: $6,651 Avg. Win per Table per Day: $13,676

15. 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 15

16. Macao Mass Visitation Drivers
Future Growth Drivers
 More efficient and affordable
transportation infrastructure
 Greater number of hotel rooms
and non-gaming offerings in
Macao
 Additional tourism attractions in
Macao and Hengqin Island
 Rapidly expanding middle-class
with growing disposable income
16
As a result, Macao’s Mass visitors will:
 Come From Farther
Away
 Stay Longer
 Spend More On:
• Dining
• Lodging
• Retail
• Entertainment
• Gaming

17. Expanding Our Critical Mass on the Cotai Strip
The Parisian Macao
17LVS
Operating
Assets
Third Party
Operating
Asset
Third Party
Future
Development
Construction Progress – October 19, 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

18. Expanding Our Critical Mass on the Cotai Strip
The St. Regis Tower at Sands Cotai Central
18
Rendering of St. Regis Porte CochereRendering of St. Regis Suite
 St. Regis branded 5-star hotel and serviced apartments
to complement the existing portfolio of brands on the
Cotai Strip
 Opening December 17, 2015
 Construction continues to progress
 Hotel rooms and suites: ~400
 Serviced Apartments: ~300
Construction Progress – October 19, 2015

19. 18% 18% 18% 18%
14% 15% 14% 14%
14% 12% 11% 10%
16% 14%
13% 13%
10%
9%
9% 10%
0%
20%
40%
60%
80%
2012 2013 2014 TTM 2Q15
28%
32%
35% 35%
0%
10%
20%
30%
40%
2012 2013 2014 TTM 2Q15
Macao Market Annual EBITDA
Market Share by Operator
SCL Expanded Market Share of Macao EBITDA by 700 bps Since 2012
Source: Company Reports
1. Reflects reported adjusted property EBITDA for operating properties for the twelve months ended June 30, 2015.
2. Galaxy only includes EBITDA from Starworld and Galaxy Macau.
Historical EBITDA Market Share1,2
19
Galaxy MPELSCL
2
SJM Wynn MGM
SCL Property Operations All Others
Macao
Leader in
Market Share
of EBITDA
72%
68%
65% 65%

20. $3.16 $3.15
$1.66 $1.62
$4.82 $4.77
$0.0
$2.0
$4.0
$6.0
3Q14 3Q15
Non-Rolling Tables Slot Machines
Marina Bay Sands Operations¹
Hold-Normalized EBITDA Up 22.4% On a Constant Currency Basis
20
Actual
 Hold-normalized adjusted property EBITDA increased 12.2% to
$411.3 million with margin expanding 430 basis points (hold-
normalized adjusted property EBITDA increased 22.4% on a
constant currency basis)
 Adjusted property EBITDA increased 10.8% to $389.7 million
 Adjusted property EBITDA increased 20.8% on a constant-
currency basis
 Total mass (non-rolling tables and slots) win-per-day decreased
1.1% to $4.77 million (+7.5% on a constant-currency basis)
— Non-rolling win decreased -0.4% to $289.8 million
— Slot win decreased 2.5% to $148.9 million
 Room revenue decreased 2.9% as RevPAR decreased 9.0% to $423
and ADR decreased 7.7% to $432 (currency headwind
approximately 9.0%)
 Retail mall revenue decreased 7.4% to $41.5 million (currency
headwind approximately 9.0%)
 MBS financials and key performance indicators were negatively
impacted by the stronger USD
($MM)
($MM)
Adjusted Property EBITDA
and Adjusted Property EBITDA Margin
Despite Currency Headwinds from Strong US Dollar, Strong Financial Performance in Singapore
Non-Rolling Table and Slot Win Per Day
Hold-Normalized
1. Due to a strengthened US Dollar in 3Q15 compared to 3Q14, MBS faced a currency headwind equivalent to approximately 10.0 percentage points of adjusted property EBITDA growth in 3Q15 compared to 3Q14.
$351.7
$389.7 $366.5
$411.3
47.8%
51.9%
48.6%
52.9%
20%
30%
40%
50%
60%
70%
80%
$0
$100
$200
$300
$400
$500
$600
3Q14 3Q15 3Q14 3Q15

21. VIP
12%
Mass Tables
38%
Slots
20%
Hotel
17%
Mall
8%
Other
5%VIP
11%
Mass Tables
38%
Slots
21%
Hotel
18%
Mall
7%
Other
5%
TTM 3Q14¹
Singapore’s Marina Bay Sands: Diversified and Stable
Sources of Departmental Profit For Las Vegas Sands
21
Mass Tables / Slots and Non-Gaming Generated
88% of Marina Bay Sands’ Hold-Normalized Departmental Profit in TTM 3Q15
Marina Bay Sands Hold-Normalized Departmental Profit Contribution by Segment
TTM 3Q15¹
1. With no adjustment for hold-normalization, VIP contribution would have been 16% (vs 12%) in TTM 3Q15 and unchanged at 11% in TTM 3Q14.

22. $188 $192 $198 $205 $204
$129 $132 $139 $145 $141
$52 $57
$61
$65 $63
$167
$169
$171
$171 $167
$536 $551
$569 $586 $575
$0
$100
$200
$300
$400
$500
$600
3Q14 4Q14 1Q15 2Q15 3Q15
Venetian Macao Four Seasons Macao Sands Cotai Central¹ Marina Bay Sands
Asia Retail Mall Portfolio Continues to Generate
Strong Growth in Revenue and Operating Profit
22
($MM)
Trailing Twelve Months Retail Mall Revenue
89% 89%86% 88%
Operating
Profit Margin 88%
1. At September 30, 2015, 331,587 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.
$521M $514M$463M $482M
Operating
Profit $503M
TTM 3Q15 Sales
per Sq. Foot²
MBS:
$1,383
SCC:
$938
Four Seasons:
Luxury: $5,168
Other: $1,812
Venetian:
$1,540

23. $415 $381
$218 $227
$633 $608
$0
$100
$200
$300
$400
$500
$600
$700
3Q14 3Q15
Baccarat Non-Baccarat
Las Vegas Operations
Best Third Quarter RevPAR Result since Quarter Ended September 30, 2008
23
Composition of Table Games Drop
 On a hold-normalized basis, adjusted property EBITDA
increased 21.8% to reach $101.8 million
— Low hold contributed to a decrease in adjusted
property EBITDA of 11.5% to $79.8 million
 ADR increased 8.8% to $222 with 96% occupancy,
driving a RevPAR increase of 13.9% to $213
— Best third quarter RevPAR result since quarter
ended September 30, 2008
 Table games drop decreased 4.0% to $607.9 million
driven by an 8.2% decrease in Baccarat drop
 Slot win increased 2.1% to $48.7 million
Best opportunities for future growth:
— Increase in group room pricing through 2016
— High-end Asian gaming growth
— Non-gaming offerings
($MM)
Adjusted Property EBITDA
and Adjusted Property EBITDA Margin
Room Pricing Strength Leading Recovery in Las Vegas Market
Actual
($MM)
Hold-Normalized
$90.2
$79.8 $83.6
$101.8
23.7%
20.7% 22.4%
24.7%
0%
10%
20%
30%
40%
$0
$20
$40
$60
$80
$100
$120
3Q14 3Q15 3Q14 3Q15

24. Sands Bethlehem Operations
Strong Quarter for Leading Tri-State Region Property
24
 Adjusted property EBITDA increased 25.8% to $37.5
million
 Table games drop increased 5.9% to reach $290.7 million,
driven by a 6.7% increase in Baccarat drop
 Slot handle increased 7.4% to $1.11 billion
 ADR increased 4.1% to $151 with occupancy of 96.8%,
driving a RevPAR increase of 12.3% to $146
 The Outlets at Sands Bethlehem (130,000 SF) feature 29
stores including Coach, Tommy Hilfiger, DKNY, GUESS,
European Body Concepts Day Spa and Joli French Bakery
and Cafe
 The Sands Bethlehem Event Center (50,000 SF)
— Headline events have included Tiesto, Yes, Willie
Nelson, The Beach Boys, Incubus, Bellator MMA,
Glenn Frey, Crosby, Stills and Nash, NBC Fight Night,
Diana Krall and Bill Maher
($MM)
($MM)
Adjusted Property EBITDA
and Adjusted Property EBITDA Margin
Composition of Table Games Drop
$29.8
$37.5
23.4%
26.1%
0%
10%
20%
30%
40%
$0
$10
$20
$30
$40
3Q14 3Q15
$134 $143
$141 $147
$275 $291
$0
$100
$200
$300
3Q14 3Q15
Baccarat Non-Baccarat

25. South Korea
Principal 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 at
Sands Cotai Central

26.  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 long-term 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 long-term growth while
continuing the return of capital to shareholders through recurring dividend and stock
repurchase programs
 The industry’s most experienced leadership team: visionary, disciplined and dedicated to
driving long-term shareholder value
The Investment Case for Las Vegas Sands
26
Maximizing Return to Shareholders by:
1. Delivering long-term growth in current markets
2. Using leadership position in MICE-based Integrated Resort development and
operation to pursue global growth opportunities
3. Continuing to return excess capital to shareholders

27. Appendix

28. 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
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 adjusted property EBITDA impact.
2. Reflects consolidated adjusted property EBITDA inclusive of Other Asia (principally CotaiJet operations) segment.
$ in millions 3Q14 4Q14 1Q15 2Q15 3Q15
Macao Property Operations
Reported 809.0$ 711.2$ 527.7$ 559.8$ 536.8$
Hold-Normalized 772.1$ 686.2$ 527.7$ 526.5$ 528.3$
Marina Bay Sands
Reported 351.7$ 518.5$ 415.3$ 363.3$ 389.7$
Hold-Normalized 366.5$ 461.0$ 371.3$ 363.3$ 411.3$
Las Vegas Operations
Reported 90.2$ 78.0$ 74.1$ 54.2$ 79.8$
Hold-Normalized 83.6$ 87.6$ 89.2$ 85.3$ 101.8$
Sands Bethlehem
Reported 29.8$ 36.2$ 29.9$ 34.1$ 37.5$
Hold-Normalized 29.8$ 36.2$ 29.9$ 34.1$ 37.5$
LVS Consolidated2
Reported 1,283.9$ 1,346.1$ 1,050.5$ 1,016.2$ 1,052.2$
Hold-Normalized 1,255.1$ 1,273.3$ 1,021.6$ 1,013.9$ 1,087.3$

29. $472 $447 $445 $500 $500 $500
$125
$830
$192 $75
$100
$210 $390
$775
$910
$300
$190
$375
$150
$107
$1,449
$898
$1,179
$1,875
$1,560
$800
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
2012A 2013A 2014A 2015E 2016E 2017E
Maintenance Investments in Current Properties¹ Sands Cotai Central The Parisian Macao² St. Regis at SCC Other
Capital Expenditures Expectations
Future Investments Include The Parisian Macao, St. Regis at SCC and Maintenance
Future Capital Expenditures Focused on Growth in Asia
($MM)
1. Reflects investments that will generate future income in our current property portfolio (including the Four Seasons Apart-Hotel and additional gaming capacity at Sands Cotai Central).
2. The timing of capex is subject to the receipt of timely government approvals.
Sands Cotai Central
St. Regis at Sands Cotai Central
The Parisian Macao2
LVS Capex Expectations
Development Timeline Pre-Opening
Post-Opening
29
$40
$49
$60
$19

30. 181
493
1,155 1,222209
1,063
1,739
323
2,115
$24 $94
$325
$1,027
$2,251
$5,076
$340
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
2015 2016 2017 2018 2019 2020 2021
SCL MBS USRG LVSC
Debt Maturity Profile
Debt Maturity by Year at September 30, 2015
Long Term and Low Cost Financing in Place
($MM)
<1% 1% 11%% of Total 4% 25% 56%
30
4%

31. $418
$311 $317
$378 $368
$408
$342
$403
$326
$361
$281 $272 $291 $281 $262
$0
$100
$200
$300
$400
$500
1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15
MBS – Credit Collections Remain Healthy
31
($MM)
Reserve Balance Of $353 Million Represents 38.7% of Gross Accounts Receivable
Casino Credit Collections Remain Stable
Quarterly
Provision
$40M
Life to Date Provision of $616 Million Represents 9.5% of Rolling Win Since Opening of Property
$38M $39M $37M $39M $36M $36M $33M $30M $30M $24M $20M $24M$32M $40M
$780 $822
$896
$1,045 $1,087 $1,059 $1,120
$1,016
$1,068
$1,028
$984 $1,001 $1,011 $994
$913
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% 38.5% 38.7%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
$0
$300
$600
$900
$1,200
1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15
Gross Casino A/R Balance at End of Period Reserve Against Casino A/R Balance

32. SandsCotai
Central
5,723
The
VenetianMacao
2,905
Sands Macao,289
GalaxyMacau³
Phase I: 2,250
Phase II:1,350
BroadwayMacau, 320
Starworld,509
Cityof Dreams
1,461
AltiraMacau, 216
WynnMacau
1,014 Grand Lisboa,431
Sofitel Macau,408
MGM Grand,587
9,277
4,429
1,677
1,014 839
587
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 52% 36%
Galaxy Entertainment 4,429 25% 17%
Melco Crown 1,677 9% 6%
Wynn Resorts 1,014 6% 4%
SJMHoldings² 839 5% 4%
MGMChina 587 3% 2%
Subtotal Gaming Operators 17,823 100% 69%
Other 4/5 Star 8,115 0% 31%
Total 25,938 100% 100%
Market Leading Hotel Capacity at SCL
Sands China Operates 36% 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 8,115 additional four- and five-star hotel rooms in Macao.
2. Reflects only SJM Holdings self-owned hotels.
3. Reflects the opening of Galaxy Phase II, an extension to the Galaxy Macau, which opened on May 27, 2015.
Source: Company filings, Macao DSEC
32
With a Market-Leading US$9 billion of Investment,
SCL Hotel Inventory Represents 52% of Macao Competitor Hotel Inventory
Macao Market Gaming Operator Hotel Rooms1
Four Seasons
Macao, 360
`

33. SandsCotai
Central
5,723
The
VenetianMacao
2,905
Sands Macao,289
The Parisian
Macao
3,000
GalaxyMacau³
Phase I: 2,250
Phase II:1,350
BroadwayMacau, 320
Starworld,509
Cityof Dreams
1,461
AltiraMacau, 216
Macau StudioCity
1,600
Grand Lisboa,431
Sofitel Macau,408
SJMCotai
2,000
WynnMacau, 1,014
WynnPalace
1,700
MGM Grand,587
MGM Cotai
1,600
12,677
4,429
3,277 2,839 2,714
2,187
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% 34%
Galaxy Entertainment 4,429 16% 12%
Melco Crown 3,277 12% 9%
SJMHoldings² 2,839 10% 8%
Wynn Resorts 2,714 9% 7%
MGMChina 2,187 8% 6%
Subtotal Gaming Operators 28,123 100% 76%
Other 4/5 Star 9,044 0% 24%
Total 37,167 100% 100%
1. In addition to the hotel rooms that are owned by gaming operators presented here, there will be 9,044 additional four- and five-star hotel rooms in Macao at December 31, 2017.
2. Reflects only SJM Holdings self-owned hotels.
3. Reflects the opening of Galaxy Phase II, an extension to the Galaxy Macau, which opened on May 27, 2015.
Source: Company filings, Macao DSEC
33
Macao Market Gaming Operator Hotel Rooms at December 31, 20171
Four Seasons
Macao, 360
St. Regis Macao, 400
`
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 SCL
Projected Macao Market 4/5 Star Hotel Rooms at December 31, 2017