Continued Strong EBITDAR Margins

Record Profitability Record Levels of EBITDAR and EBITDAR Margin EBITDAR (excluding special items) EBITDAR Margin (excluding special items) EBITDAR Margin % 20 18 16 14 12.8 11.6 12 7.0 10.9 10.7 10 8 $ Millions 4,000 18.9 18.3 17.6 12.5 3,500 3,000 - 2,500 2,000 1,500 2,768 2,715 9 2,542 1,000 4 1,660 1,386 1,242 1,320 1,433 500 2 679 0 0 2009 2010 2011 2012 2013 2014 2015 2016 TTM-June-2017 8

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