3Q20 Earnings Call Presentation

The Investment Case for Las Vegas Sands ☐ ◉ ◉ The global leader in Integrated Resort development and operation Industry-leading, investment grade balance sheet strength A unique MICE-based business model delivering industry-leading returns Unmatched development and operating track record creates competitive advantage as we pursue the most promising opportunities in new markets Proven history of delivering innovative growth in Asia A commitment to maximizing shareholder returns The industry's most experienced leadership team: visionary, disciplined and dedicated to driving long-term shareholder value Maximizing Return to Shareholders by: 1. Pursuing growth in current markets through investments in capacity expansion and reinvestment in industry-leading property portfolio 2. Leveraging proven MICE-based Integrated Resort business model and balance sheet strength to pursue global growth opportunities in new markets 3. Maintaining strong balance sheet and liquidity to preserve ability to make investments in future growth Sands 16

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