Las Vegas Sands : Bernstein 41st Annual Strategic Decisions Conference

Published: 2025-05-29 14:51:05 ET LVS

Published on 05/29/2025 at 14:51

Global leader in Integrated Resort development and operation delivering industry-leading returns

Largest scale operator in the most important markets with industry-leading revenues and margins

Investing in promising growth opportunities

Experienced leadership team dedicated to driving long-term shareholder value and maximizing shareholder returns

Strategic Priorities and Market Updates

Ongoing capital investment programs in both Macao and Singapore

Adding suite capacity in both markets to attract more high-value business

Returning excess capital to shareholders through share repurchases

On April 22, 2025, the LVS Board of Directors increased our repurchase authorization to $2.0 billion

Pursuing development opportunities in new jurisdictions

The Macao market recovery has been led by the premium mass segment

The Macao market recovery in the base mass segment remains below 2019 levels

The growth rate of the Macao market has declined in recent quarters

Ongoing investments to contribute to growth in 2025 and beyond

Operating environment remains strong

Ongoing investments to contribute to growth in 2025 and beyond

Quarter Ended March 31, 2025 vs March 31, 2024

($ in US millions, except per share information)

LVS Consolidated First Quarter Financial Results

1Q24

1Q25

Change

Net Revenue

$2,959

$2,862

($97)

Net Income

583

408

(175)

Net Income Attributable to LVS

494

352

(142)

Diluted EPS

$0.66

$0.49

($0.17)

Dividends per Common Share

$0.20

$0.25

$0.05

Adjusted Net Income Attributable to LVS

552

421

(131)

Adjusted Diluted EPS

$0.73

$0.59

($0.14)

Adjusted Property EBITDA

1,207

1,140

(67)

Adjusted Property EBITDA Margin

40.8%

39.8%

-100 bps

$450 million of LVS stock repurchased

10.09 million LVS shares at a weighted average price of $44.59

On April 22, 2025, the LVS Board of Directors increased our share repurchase authorization to $2.0 billion

$179 million of dividends paid ($0.25 per share)

Disclaimer

Las Vegas Sands Corporation published this content on May 29, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 29, 2025 at 18:50 UTC.