3Q20 Earnings Call Presentation

Disciplined Execution of Our Global Growth Strategy Focused on the Most Promising Global Development Opportunities Uniquely positioned to bring our unmatched track record and powerful convention-based business model to the world's most promising Integrated Resort development opportunities Balance sheet strength designed to support future large-scale development projects ◉ Development opportunity objectives: Target 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) Principal Areas of Future Development Interest: Macao Singapore South Korea Sands 17

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