Las Vegas Sands stories fourth quarter 2020 outcomes

LAS VEGAS, January 27, 2021 / PRNewswire / – Las Vegas Sands Corp. (NYSE: LVS), the world's leading developer and operator of integrated convention-based resorts, continues to mourn its visionary founder, Mr. Sheldon G. Adelson, today reported financial results for the quarter end December 31, 2020.

"Mr. Adelson's vision and leadership created Las Vegas Sands and Integrated Resort's convention-based business model that is the foundation for the company's success," said Mr. Robert G. Goldstein, Chairman and Chief Executive Officer. “His impact will live on through the company's 50,000 team members and the iconic properties he has developed around the world. The past few weeks since Sheldon's death have been difficult for all of us, but his commitment to aggressively investing to build iconic resorts that Delivering Economic Results The benefits to our host communities, at the core of the company's operational strategy, remain firmly anchored in. I am determined to continue executing the strategy he has developed and I am confident that we will grow and be at the same time in the years to come Legacy and its fulfillment will recognize his vision for creating additional integrated resorts in new markets. "

"Mr. Adelson created the roadmap for the future of this company and that roadmap remains unchanged," he said Patrick Dumont, President and Chief Operating Officer. "I am eager to work with Rob and our leadership team to achieve our strategic goals. Our path forward is clear and remains true to the principles our founder was committed to for so many years – we will continue to support our employees and the local people . " Communities in which we operate reinvest in our current markets, generate strong returns for our shareholders, and aggressively seek new development opportunities. "

"With regard to our financial results, I am pleased to announce that the recovery process from the Covid-19 pandemic is continuing in both cases Macau and Singapore"said Mr. Goldstein." Our top priority as we continue to recover remains our deep commitment to supporting our team members and helping those in need in each of our local communities Macau, Singapore and Las Vegas. "

"We remain optimistic about the potential recovery in travel and tourism spending in our markets. We are fortunate that our financial strength supports our previously announced investment programs in both markets Macau and Singaporeas well as our pursuit of growth opportunities in new markets. "

Net sales was $ 1.15 billionThis corresponds to a decrease of 67.3% compared to the same quarter of the previous year. Operating loss was $ 211 millioncompared to the operating result of $ 934 million in the same quarter of the previous year. The net loss in the fourth quarter of 2020 was $ 376 millioncompared to net income of $ 783 million in the fourth quarter of 2019. Consolidated Adjusted Property EBITDA was $ 141 million, compared to $ 1.39 billion in the same quarter of the previous year.

The operating loss for the full year 2020 was $ 1.69 billioncompared to the operating result of $ 3.70 billion in 2019. Net loss was attributable to Las Vegas Sands $ 1.69 billion, or $ (2.21) per diluted share in 2020 compared to net income of $ 2.70 billion, or $ 3.50 per diluted share in 2019.

Sands China Ltd. Consolidated Financial Results

On a GAAP basis, SCL's total net revenue decreased 69.9% from the fourth quarter of 2019 to $ 672 million. The net loss for SCL was $ 246 millioncompared to net income of $ 513 million in the fourth quarter of 2019.

On a GAAP basis, SCL's total net sales for full year 2020 decreased 80.8% from full year 2019 to $ 1.69 billion. The net loss for SCL was $ 1.52 billion in 2020 compared to net income of $ 20.04 billion in 2019.

Other factors that affect the result

The interest expense minus the capitalized amounts was $ 150 million for the fourth quarter of 2020 compared to $ 134 million in the same quarter of the previous year. Our weighted average debt increased year-on-year due to the issue of $ 1.50 billion of Senior Notes from SCL in June 2020While our weighted average borrowing cost was 4.4% in the fourth quarter of 2020 compared to 4.3% in the fourth quarter of 2019.

Our income tax expense for the fourth quarter of 2020 was $ 8 million, compared to $ 65 million in the same quarter of the previous year. Income tax expense for the fourth quarter of 2020 was mainly driven by a statutory tax rate of 17% on ours Singapore Business activity that is partially offset by an income tax benefit generated by pre-tax losses in our US operations.

Balance sheet items

Unrestricted cash balance December 31, 2020 were $ 2.12 billion.

SCL has entered into an agreement with the lenders to increase the obligations under its revolving credit facility by the US dollar equivalent of $ 494 million based on the exchange rates at the time of the transaction that took effect on January 25, 2021. After accounting for the above increase, the total available credit capacity under the SCL Revolving Credit Facility was $ 2.51 billion and the company has access to total $ 40.46 billion for borrowing under our US, SCL and Singapore revolving credit facilities, minus letters of credit outstanding.

From December 31, 2020The total outstanding debt excluding finance leases was $ 13.98 billion.

Investments

Investments in the fourth quarter were total $ 252 million, including construction, development and maintenance activities of $ 201 million in the Macau, $ 27 million in Marina Bay Sands and $ 24 million in the Las Vegas.

Conference call information

The company will host a conference call to discuss the company's results on Wednesday, January 27, 2021 1:30 p.m. Pacific time. Interested parties can listen to the conference call via a webcast available on the company's website at www.sands.com.

About Las Vegas Sands Corp. (NYSE: LVS)

Las Vegas Sands is the world's leading developer and operator of world-class integrated resorts. We provide unmatched economic benefits to the communities in which we serve.

Sands created the Integrated Resort based on Meetings, Incentives, Congresses and Exhibitions (MICE). Our industry-leading integrated resorts are essential contributors to our host communities, including the growth of leisure and business tourism, sustainable job creation and ongoing financial opportunities for local small and medium-sized businesses.

Our properties include the Venetian Resort and Sands Expo in Las Vegasand the iconic Marina Bay Sands in Singapore. The majority stake in Sands China Ltd. we have developed the largest real estate portfolio on the Cotai Strip in Macau, including The Venetian Macao, The Plaza, and Four Seasons Hotel Macao, The Londoner Macau and the Parisian Macau as well as the sand Macau on the Macau Peninsula.

Sands aims to be a good corporate citizen, anchored by the core principles of service to people, planets and communities. We provide a great work environment for our team members around the world, drive the social impact through the Sands Cares community engagement and charity program, and lead environmental performance through the award-winning Sands ECO360 global sustainability program. Please visit www.sands.com for more information.

Forward-Looking Statements

This press release contains forward-looking statements made under 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 that are beyond the control of the company and could cause actual results, performance, or other expectations to differ materially. These factors include, but are not limited to: the uncertainty about the extent, duration and impact of the COVID-19 pandemic and the response from governments and other third parties, including government-mandated property closures, increased operational regulatory requirements or travel restrictions; on our business, results of operations, cash flows, liquidity and development prospects; general economic conditions; Disruption or restriction in travel and our operations due to natural or man-made disasters, pandemics, epidemics or outbreaks of contagious or contagious diseases; our ability to invest in future growth opportunities; In both cases, carry out our previously announced investment programs Macau and Singaporeand achieve future returns; Redevelopment, construction and ventures; state regulation; Risks related to our gaming licenses and sub-concessions; the ability of our subsidiaries to make distribution payments to us; significant leverage and debt servicing; Exchange rate and interest rate fluctuations; Gaming promoters; Competition; Changes in tax law; Transport infrastructure in Macau;; political instability, civil unrest, acts of terrorism or war; Legalization of games; Insurance; and other factors listed in reports submitted by Las Vegas Sands Corp. filed 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 of their publication. Las Vegas Sands Corp. assumes no obligation to update such information.

Contacts:

Investment Community:

Daniel Briggs

(702) 414-1221

Media:

Ron Reese

(702) 414-3607

Las Vegas Sands Corp.

Fourth quarter 2020 results

Non-GAAP Measures

In the company's press release for the fourth quarter and full year 2020, the company makes reference to certain non-GAAP financial measures that supplement the company's GAAP consolidated financial information, including "Adjusted Net Income" and "Adjusted Earnings Per Share" Diluted Share. and "Consolidated Adjusted Real Estate EBITDA," which have directly comparable GAAP financial metrics, along with "Adjusted Real Estate EBITDA Margin," "Hold-Normalized Adjusted Real Estate EBITDA," "Hold-Normalized Adjusted Real Estate EBITDA Margin", "hold-" normalized adjusted net income / "and" normalized adjusted earnings per diluted share ". The company believes these measures are important internal metrics for financial performance. The financial plans accompanying this press release and the presentations available on the company's website include reconciliations from non-GAAP financial measures to the most directly comparable GAAP financial measures. The company's disclosure of non-GAAP financial measures is restricted and should not be viewed as a substitute for or superiority to any GAAP financial measure. The definitions of our non-GAAP financial measures and the specific reasons why the Company's management believes that the presentation of the non-GAAP financial measures provides investors with useful information about the company's financial condition, results of operations, and cash flows listed below.

The following non-GAAP financial measures are used by management and industry analysts to evaluate the company's business and operating performance. These non-GAAP financial metrics are presented so that investors can use the same financial data management when evaluating financial performance, with the belief that doing so will help the investment community properly assess the company's underlying financial performance year-on-year and quarterly Base.

Adjusted Net Income, which is a non-GAAP financial measure, excludes certain one-time business expenses, pre-opening expenses, development expenses, gains or losses on the sale or depreciation of assets, losses on the change or early retirement of debt, and other income or expenses attributable to Las Vegas Sands, net of income tax. Adjusted Net Income and Adjusted Earnings per Diluted Share are presented as supplementary disclosures as management believes that they are (1) widely used performance indicators, respectively, by industry analysts and investors, and (2) a primary basis for evaluating Integrated Resort- Companies because these non-GAAP measures are viewed by many as alternative measures on which to base their expectations for future results. These measures also form the basis for certain performance expectations of internal management.

Consolidated Adjusted Real Estate EBITDA, a non-GAAP financial measure, is earnings before share-based compensation expenses, business expenses, pre-opening costs, development costs, depreciation and amortization, write-downs on land leases, gains or losses from the sale or depreciation of assets, interest, other income or expense, gain on the sale of Sands Bethlehem, gain or loss on amendment or early cancellation of debt, and income taxes. Management uses the consolidated adjusted property EBITDA to compare the operating profitability of its business with that of its competitors and to provide a basis for determining certain incentive pay. Integrated resort companies have historically reported Adjusted Property EBITDA as a complementary measure of performance to GAAP financial metrics. To take a more independent view of the operation of their casinos, Integrated Resort companies, including Las Vegas Sands, have historically excluded certain expenses that were not related to the management of certain properties, such as: B. the pre-opening costs and development expenses and corporate expenses from their adjusted EBITDA calculations for real estate. Consolidated Adjusted Real Estate EBITDA is not to be interpreted as an alternative to income from operating activities (as an indicator of operating performance) or to cash flow from operating activities (as a measure of liquidity) as determined under GAAP. The company makes significant use of cash flow, including investments, dividend payments, interest payments, principal payments, and income tax payments that are not reflected in consolidated adjusted property EBITDA. Not all companies calculate Adjusted Real Estate EBITDA the same way. As a result, Las Vegas Sands' consolidated Adjusted Property EBITDA may not be directly comparable to similarly titled actions by other companies.

Maintain Normalized Adjusted Real Estate EBITDA, a supplementary non-GAAP financial metric that may be presented for consolidating Adjusted Real Estate EBITDA presentation in addition to the reasons given above, to offset the impact of certain discrepancies in table game profit percentages from Period to vary period. Hold Normalized Adjusted Real Estate EBITDA is based on applying a Rolling Chip Earning Percentage of 3.30% to Rolling Chip Volume for the quarter when the actual Earning Percentage is outside the expected range of 3.15% to 3.45% for our quarter Macau and Singapore Features and the application of a win percentage of 22.0% for baccarat and 20.0% for non-baccarat games to the respective table games will fall for the quarter when the actual win percentages are outside the expected ranges of 18.0% to 26.0 % for baccarat and 16.0% to 24.0% for non-baccarat are with us Las Vegas Characteristics. We are not presenting any adjustments for Non-Rolling Chip Drop for our table games with us Macau and Singapore Properties, still for slots in one of our properties. Hold-normalized Adjusted Property EBITDA is also adjusted for the estimated gaming taxes, commissions paid, bad debt expenses, rebates, and other incentives that would have arisen if the above win percentages had been applied to the respective gaming volume. The hold-normalized adjusted EBITDA metric for real estate is a consistent metric for evaluating the operating performance of our properties from period to period.

Hold-normalized Adjusted Net Income and Hold-normalized Adjusted Earnings per Diluted Share are additional supplemental non-GAAP financial measures that are used in addition to the reasons stated above for presenting Adjusted Net Income / Loss and Adjusted Earnings / Loss as of the Diluted Proportion is presented to offset the effects of certain variances in table games win percentages, which may vary from period to period.

The company can also present the above items in constant currency. This information is a non-GAAP financial measure that is calculated by converting the current quarter's local currency amounts to US dollars based on previous period exchange rates. These amounts are compared to the previous period to derive currency-neutral growth / decrease under GAAP. Management views growth / decline at constant exchange rates without GAAP as a useful metric for investors and management as it allows a more direct comparison of current performance with historical performance.

The company also references the Adjusted EBITDA Margin for Real Estate and Normalized Adjusted EBITDA Margin for Real Estate, which are calculated using the above non-GAAP financial measures.

Exhibition 1

Las Vegas Sands Corp. and subsidiaries

Condensed consolidated income statement

(In millions, excluding data per share)

(Unchecked)





Three months ended



end of year





December 31,



December 31,





2020



2019



2020



2019

Revenues:

















casino



$

741





$

2.485





$

2.268





$

9,828



Spaces



140





434





498





1,752



Food and beverages



78





242





283





897



shopping mall



153





215





381





716



Convention, retail and others



34





133





182





546



Net sales



1,146





3.509





3,612





13,739



Operating expenses:

















Resort operation



1.010





2.125





3,800





8.364



Corporate



23





51





168





313



Pre-opening



5





11





19th





34



development



– –





11





18th





24



Depreciation



293





291





1,160





1,165



Amortization of lease shares on land



14th





14th





55





51



Loss from sale or impairment of assets



12





72





80





90







1.357





2.575





5,300





10,041



Operating profit (loss)



(211)





934





(1,688)





3,698



Other income (expenses):

















Interest income



1





17th





21st





74



Interest expense less capitalized amounts



(150)





(134)





(536)





(555)



Other income (expenses)



(8th)





31





22nd





23



Profit on the sale of Sands Bethlehem



– –





– –





– –





556



Loss on change or early repayment of debts



– –





– –





– –





(24)



Profit before tax



(368)





848





(2,181)





3,772



Income tax (expense) advantage



(8th)





(65)





38





(468)



Net income (loss)



(376)





783





(2,143)





3.304



Net loss due to non-controlling interests



77





(154)





458





(606)



Las Vegas Sands Corp. Net Income (Loss)



$

(299)





$

629





$

(1,685)





$

2,698





















Earnings per share:

















basic



$

(0.39)





$

0.82





$

(2.21)





$

3.50



Diluted



$

(0.39)





$

0.82





$

(2.21)





$

3.50





















Weighted Average Shares Outstanding:

















basic



764





767





764





771



Diluted



764





768





764





771





















Dividends per common share declared



$

– –





$

0.77





$

0.79





$

3.08



Annex 2

Las Vegas Sands Corp. and subsidiaries

Net sales and adjusted real estate EBITDA

(In millions)

(Unchecked)





Three months ended



end of year





December 31,



December 31,





2020



2019



2020



2019

Net sales

















The Venetian Macau



$

327





$

908





$

738





$

3.510



London's Macau



95





505





297





2.052



The Parisian Macau



101





401





259





1,650



The Plaza Macao and the Four Seasons Hotel Macao



114





246





265





877



Sand macau



32





150





120





628



Ferry service and others



6th





31





28





117



Macau operations



675





2.241





1.707





8,834





















Marina Bay Sands



345





853





1.261





3.101



Las Vegas operating properties



150





475





738





1,818



Sand Bethlehem (1)



– –





– –





– –





227



Eliminations between segments



(24)





(60)





(94)





(241)







$

1,146





$

3.509





$

3,612





$

13,739





















Adjusted property EBITDA

















The Venetian Macau



$

73





$

368





$

(53)





$

1.407



London's Macau



(34)





180





(184)





726



The Parisian Macau



(7)





122





(131)





544



The Plaza Macao and the Four Seasons Hotel Macao



38





102





33





345



Sand macau



(18)





40





(76)





175



Ferry service and others



(5)





(1)





(20)





(8th)



Macau operations



47





811





(431)





3.189





















Marina Bay Sands



144





457





383





1.661



Las Vegas operating properties



(50)





120





(124)





487



Sand Bethlehem (1)



– –





– –





– –





52







$

141





$

1,388





$

(172)





$

5.389





















Adjusted Property EBITDA as a percentage of net sales

















The Venetian Macau



22.3

%.



40.5

%.







40.1

%.

London's Macau







35.6

%.







35.4

%.

The Parisian Macau







30.4

%.







33.0

%.

The Plaza Macao and the Four Seasons Hotel Macao



33.3

%.



41.5

%.



12.5

%.



39.3

%.

Sand macau







26.7

%.







27.9

%.

Ferry service and others







(3.2)

%.







(6.8)

%.

Macau operations



7.0

%.



36.2

%.







36.1

%.



















Marina Bay Sands



41.7

%.



53.6

%.



30.4

%.



53.6

%.

Las Vegas operating properties







25.3

%.







26.8

%.

Sand Bethlehem (1)















22.9

%.



















total



12.3

%.



39.6

%.







39.2

%.















(1)

The company completed the sale of Sands Bethlehem on May 31, 2019.

Annex 3

Las Vegas Sands Corp. and subsidiaries

Non-GAAP metric reconciliation

(In millions)

(Unchecked)



The following is a reconciliation of Net Income (Loss) to Consolidated Adjusted Property EBITDA and Hold Normalized Adjusted Property EBITDA:























Three months ended



end of year





December 31,



December 31,





2020



2019



2020



2019

Net income (loss)



$

(376)





$

783





$

(2,143)





$

3.304



Add (subtract):

















Income tax expense (advantage)



8th





65





(38)





468



Loss on change or early repayment of debts



– –





– –





– –





24



Profit on the sale of Sands Bethlehem



– –





– –





– –





(556)



Other (income) expenses



8th





(31)





(22)





(23)



Interest expense less capitalized amounts



150





134





536





555



Interest income



(1)





(17)





(21)





(74)



Loss from sale or impairment of assets



12





72





80





90



Amortization of lease shares on land



14th





14th





55





51



Depreciation



293





291





1,160





1,165



Development costs



– –





11





18th





24



Pre-opening costs



5





11





19th





34



Share-based payment (1)



5





4th





16





14th



Corporate expense



23





51





168





313



Consolidated Adjusted Property EBITDA



$

141





$

1,388





$

(172)





$

5.389





















Hold Normalized Casino Earnings (2)



70





(93)











Hold Normalized Casino Costs (2)



(26)





31











Consolidated Hold Normalized Adjusted Property EBITDA



$

185





$

1.326





























(1)

For the three months ended December 31, 2020 and 2019, the company recorded stock-based compensation expense of $ 8 million and $ 10 million, respectively, of which $ 3 million and $ 6 million were included in corporate expenses in the condensed consolidated financial statements Company are included from operations. For the years ended December 31, 2020 and 2019, the company recorded stock-based compensation expense of $ 28 million and $ 36 million, respectively, of which $ 12 million and $ 22 million were included in corporate expenses on the Company's condensed consolidated balance sheet are operations.

(2)

See Appendix 4.

Appendix 4

Las Vegas Sands Corp. and subsidiaries

Non-GAAP metric reconciliation

(In millions)

(Unchecked)



The following are reconciliations of adjusted property EBITDA to hold normalized adjusted property EBITDA:























Three months to December 31, 2020



































Hold normalized





customized



Hold normalized



Hold normalized



customized





property



casino



casino



property





EBITDA



Income (1)



Costs (2)



EBITDA

Macau operations



$

47





$

44





$

(21)





$

70



Marina Bay Sands



144





3





(1)





146



Las Vegas operating properties



(50)





23





(4)





(31)







$

141





$

70





$

(26)





$

185











































Three months ended on December 31, 2019



































Hold normalized





customized



Hold normalized



Hold normalized



customized





property



casino



casino



property





EBITDA



Income (1)



Costs (2)



EBITDA

Macau operations



$

811





$

(43)





$

21st





$

789



Marina Bay Sands



457





(50)





10





417



Las Vegas operating properties



120





– –





– –





120







$

1,388





$

(93)





$

31





$

1.326





















(1)

For Macau Operations and Marina Bay Sands, this equates to the estimated additional casino revenue related to the Rolling Chip Volume Game that would have been earned or lost if the company's profit share had been 3.30% in the current period. This calculation is only applied when the current period profit percentage is outside of the expected range of 3.15% to 3.45%. The previous year's non-GAAP valuation for our activities in Macau and Marina Bay Sands has also been adjusted to reflect the current period.

For Las Vegas Operating Properties, this equates to the estimated additional casino revenue in relation to all table games that would have been earned or lost if the company's profit share in the current period was 22.0% for baccarat and 20.0% for non- Baccarat would have been. This calculation will only be applied if the baccarat and non-baccarat winning odds for the current period are outside the expected ranges of 18.0% to 26.0% and 16.0% to 24.0%, respectively.

These amounts were offset by the estimated commissions and discounts paid and other incentives that were directly or indirectly reimbursed to customers.

(2)

Represents the estimated expenses (gaming taxes and bad debts) that would have been incurred or avoided had the casino revenue adjustment calculated in (1) above.

Appendix 5

Las Vegas Sands Corp. and subsidiaries

Non-GAAP metric reconciliation

(In millions, excluding data per share)

(Unchecked)



The following is a reconciliation of LVS attributable net income (loss) to adjusted net income (loss) and maintained normalized adjusted net income (loss):























Three months ended



end of year





December 31,



December 31,





2020



2019



2020



2019

Result attributable to LVS



$

(299)





$

629





$

(1,685)





$

2,698





















One-time company expenses



– –





– –





– –





96



Pre-opening costs



5





11





19th





34



Development costs



– –





11





18th





24



Loss from sale or impairment of assets



12





72





80





90



Other (income) expenses



8th





(31)





(22)





(23)



Profit on the sale of Sands Bethlehem



– –





– –





– –





(556)



Loss on change or early repayment of debts



– –





– –





– –





24



Auswirkungen der Einkommensteuer auf die Anpassung des Nettoeinkommens (1)



1





(3)





(5)





148



Auswirkungen von nicht beherrschenden Zinsen auf die Anpassung des Jahresüberschusses



(6)





(11)





(21)





(21)



Bereinigtes Ergebnis nach LVS



$

(279)





$

678





$

(1,616)





$

2,514





















Hold-normalisierte Casino-Einnahmen (2)



70





(93)











Hold-normalisierte Casino-Kosten (2)



(26)





31











Auswirkungen der Einkommensteuer auf Hold-Anpassungen (1)



(4)





7th











Auswirkungen von nicht beherrschenden Zinsen auf Hold-Anpassungen



(7)





7th











Hold-normalisierter bereinigter Nettogewinn (-verlust), der auf LVS entfällt



$

(246)





$

630





























Das Folgende ist eine Überleitung des verwässerten Ergebnisses (Verlust) pro Aktie zum bereinigten Ergebnis (Verlust) pro verwässerter Aktie und des gehaltenen normalisierten bereinigten Ergebnisses (Verlust) pro verwässerter Aktie:























Drei Monate endeten



Jahresende





31. Dezember,



31. Dezember,





2020



2019



2020



2019

Pro verwässerter Stammaktie:

















Auf LVS entfallendes Ergebnis



$

(0,39)





$

0,82





$

(2.21)





$

3,50





















Einmalige Unternehmensausgaben



– –





– –





– –





0,12



Voreröffnungskosten



0,01





0,01





0,03





0,05



Entwicklungskosten



– –





0,01





0,02





0,03



Verlust aus Veräußerung oder Wertminderung von Vermögenswerten



0,01





0,09





0,11





0,12



Sonstige (Ertrags-) Aufwendungen



0,01





(0,04)





(0,03)





(0,03)



Gewinn beim Verkauf von Sands Bethlehem



– –





– –





– –





(0,72)



Verlust bei Änderung oder vorzeitiger Tilgung von Schulden



– –





– –





– –





0,03



Auswirkungen der Ertragsteuer auf die Anpassung des Nettoeinkommens



– –





– –





(0,01)





0,19



Auswirkungen von nicht beherrschenden Zinsen auf die Anpassung des Jahresüberschusses



(0,01)





(0,01)





(0,03)





(0,03)



Bereinigtes Ergebnis je verwässerter Aktie



$

(0,37)





$

0,88





$

(2.12)





$

3.26





















Halten Sie normalisierte Casino-Einnahmen



0,09





(0,12)











Halten Sie normalisierte Casino-Kosten



(0,03)





0,04











Auswirkungen der Ertragsteuer auf Hold-Anpassungen



– –





0,01











Auswirkungen von nicht beherrschenden Zinsen auf Hold-Anpassungen



(0,01)





0,01











Halten Sie das normalisierte bereinigte Ergebnis je verwässerter Aktie



$

(0,32)





$

0,82





























Gewichteter Durchschnitt der ausstehenden verwässerten Aktien



764





768





764





771





















(1)

Die Auswirkungen auf die Ertragsteuer für jede Anpassung werden durch Anwendung des effektiven Steuersatzes einschließlich des laufenden und latenten Ertragsteueraufwands basierend auf der Gerichtsbarkeit und der Art der Anpassung abgeleitet.

(2)

Siehe Anlage 4.

Anlage 6

Las Vegas Sands Corp. und Tochterunternehmen

Ergänzende Daten

(Ungeprüft)





Drei Monate endeten



Jahresende





31. Dezember,



31. Dezember,





2020



2019



2020



2019

Casino Statistiken:

















Das venezianische Macao:

















Table games win per unit per day (1)



$

4,349





$

13,910





$

2,729





$

13,806



Slot machine win per unit per day (2)



$

219





$

323





$

129





$

296



Average number of table games



695





657





631





651



Average number of slot machines



884





1,722





954





1,744





















The Londoner Macao:

















Table games win per unit per day (1)



$

2,248





$

11,401





$

1,840





$

11,925



Slot machine win per unit per day (2)



$

111





$

299





$

119





$

302



Average number of table games



342





391





329





385



Average number of slot machines



545





1,466





563





1,577





















The Parisian Macao:

















Table games win per unit per day (1)



$

3,464





$

14,050





$

2,409





$

13,866



Slot machine win per unit per day (2)



$

143





$

300





$

105





$

315



Average number of table games



266





304





271





316



Average number of slot machines



768





1,476





776





1,377





















The Plaza Macao and Four Seasons Hotel Macao:

















Table games win per unit per day (1)



$

5,201





$

19,451





$

3,873





$

19,882



Slot machine win per unit per day (2)



$

(42)





$

312





$

91





$

336



Average number of table games



173





129





164





121



Average number of slot machines



18





264





52





255





















Sands Macao:

















Table games win per unit per day (1)



$

1,954





$

8,063





$

2,004





$

8,358



Slot machine win per unit per day (2)



$

80





$

227





$

88





$

243



Average number of table games



160





191





166





196



Average number of slot machines



551





1,004





549





957





















Marina Bay Sands:

















Table games win per unit per day (1)



$

2,490





$

11,102





$

4,319





$

9,795



Slot machine win per unit per day (2)



$

943





$

755





$

757





$

764



Average number of table games



604





569





605





581



Average number of slot machines



1,714





2,401





1,861





2,318





















Las Vegas Operating Properties:

















Table games win per unit per day (1)



$

1,797





$

5,548





$

2,896





$

4,651



Slot machine win per unit per day (2)



$

348





$

386





$

351





$

356



Average number of table games



194





209





199





220



Average number of slot machines



1,432





1,889





1,532





1,873





















Hinweis:

These casino statistics exclude table games and slot machines shutdown due to social distancing measures or closure of the gaming facilities implemented as a result of the COVID-19 pandemic.

(1)

Table games win per unit per day is shown before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis.

(2)

Slot machine win per unit per day is shown before deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis.

Exhibit 7

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)



Three Months Ended









The Venetian Macao

December 31,









(Dollars in millions)

2020



2019



$ Change



Veränderung

Revenues:















Casino

$

243





$

748





$

(505)





(67.5)

%

Rooms

21st





54





(33)





(61.1)

%

Food and Beverage

6





17





(11)





(64.7)

%

Mall

51





71





(20)





(28.2)

%

Convention, Retail and Other

6





18





(12)





(66.7)

%

Net Revenues

$

327





$

908





$

(581)





(64.0)

%

















Adjusted Property EBITDA

$

73





$

368





$

(295)





(80.2)

%

EBITDA Margin %

22.3

%



40.5

%







(18.2)

pts

















Gaming Statistics















(Dollars in millions)































Rolling Chip Volume

$

1,209





$

5,876





$

(4,667)





(79.4)

%

Rolling Chip Win %(1)

3.31

%



4.14

%







(0.83)

pts

















Non-Rolling Chip Drop

$

975





$

2,324





$

(1,349)





(58.0)

%

Non-Rolling Chip Win %

24.4

%



25.7

%







(1.3)

pts

















Slot Handle

$

444





$

1,044





$

(600)





(57.5)

%

Slot Hold %

4.0

%



4.9

%







(0.9)

pts

















Hotel Statistics































Occupancy %

49.3

%



97.2

%







(47.9)

pts

Average Daily Rate (ADR)

$

167





$

224





$

(57)





(25.4)

%

Revenue per Available Room (RevPAR)

$

82





$

218





$

(136)





(62.4)

%



















Hinweis:

Due to social distancing measures and travel restrictions as a result of the COVID-19 pandemic, the property operated at a reduced capacity.

(1)

This compares to our expected Rolling Chip win percentage of 3.15% to 3.45% (calculated before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis).

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)



Three Months Ended









The Londoner Macao

December 31,









(Dollars in millions)

2020



2019



$ Change



Veränderung

Revenues:















Casino

$

63





$

379





$

(316)





(83.4)

%

Rooms

13





78





(65)





(83.3)

%

Food and Beverage

5





23





(18)





(78.3)

%

Mall

13





20th





(7)





(35.0)

%

Convention, Retail and Other

1





5





(4)





(80.0)

%

Net Revenues

$

95





$

505





$

(410)





(81.2)

%

















Adjusted Property EBITDA

$

(34)





$

180





$

(214)





(118.9)

%

EBITDA Margin %





35.6

%

























Gaming Statistics















(Dollars in millions)































Rolling Chip Volume(1)

$

– –





$

1,041





$

(1,041)





(100.0)

%

Rolling Chip Win %(2)





2.94

%

























Non-Rolling Chip Drop

$

291





$

1,650





$

(1,359)





(82.4)

%

Non-Rolling Chip Win %

24.3

%



23.0

%







1.3

pts

















Slot Handle

$

118





$

1,015





$

(897)





(88.4)

%

Slot Hold %

4.7

%



4.0

%







0.7

pts

















Hotel Statistics































Occupancy %

22.2

%



98.5

%







(76.3)

pts

Average Daily Rate (ADR)

$

151





$

167





$

(16)





(9.6)

%

Revenue per Available Room (RevPAR)

$

34





$

164





$

(130)





(79.3)

%



















Hinweis:

Due to social distancing measures and travel restrictions as a result of the COVID-19 pandemic, the property operated at a reduced capacity. Rooms being utilized for government quarantine purposes were excluded from the calculation of hotel statistics above.

(1)

No Rolling Chip volume for the three months ended December 31, 2020, due to closure of tables for premium patrons in connection with The Londoner Macao renovations.

(2)

This compares to our expected Rolling Chip win percentage of 3.15% to 3.45% (calculated before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis).

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)



Three Months Ended









The Parisian Macao

December 31,









(Dollars in millions)

2020



2019



$ Change



Veränderung

Revenues:















Casino

$

69





$

334





$

(265)





(79.3)

%

Rooms

15





33





(18)





(54.5)

%

Food and Beverage

5





17





(12)





(70.6)

%

Mall

11





13





(2)





(15.4)

%

Convention, Retail and Other

1





4





(3)





(75.0)

%

Net Revenues

$

101





$

401





$

(300)





(74.8)

%

















Adjusted Property EBITDA

$

(7)





$

122





$

(129)





(105.7)

%

EBITDA Margin %





30.4

%

























Gaming Statistics















(Dollars in millions)































Rolling Chip Volume

$

534





$

4,181





$

(3,647)





(87.2)

%

Rolling Chip Win %(1)

(1.40)

%



3.10

%







(4.50)

pts

















Non-Rolling Chip Drop

$

404





$

1,124





$

(720)





(64.1)

%

Non-Rolling Chip Win %

22.8

%



23.5

%







(0.7)

pts

















Slot Handle

$

268





$

1,066





$

(798)





(74.9)

%

Slot Hold %

3.8

%



3.8

%







– –

pts

















Hotel Statistics































Occupancy %

50.0

%



97.6

%







(47.6)

pts

Average Daily Rate (ADR)

$

132





$

159





$

(27)





(17.0)

%

Revenue per Available Room (RevPAR)

$

66





$

155





$

(89)





(57.4)

%



















Hinweis:

Due to social distancing measures and travel restrictions as a result of the COVID-19 pandemic, the property operated at a reduced capacity.

(1)

This compares to our expected Rolling Chip win percentage of 3.15% to 3.45% (calculated before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis).

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)



Three Months Ended









The Plaza Macao and Four Seasons Hotel Macao

December 31,









(Dollars in millions)

2020



2019



$ Change



Veränderung

Revenues:















Casino

$

58





$

169





$

(111)





(65.7)

%

Rooms

11





11





– –





– –

%

Food and Beverage

5





8th





(3)





(37.5)

%

Mall

40





57





(17)





(29.8)

%

Convention, Retail and Other

– –





1





(1)





(100.0)

%

Net Revenues

$

114





$

246





$

(132)





(53.7)

%

















Adjusted Property EBITDA

$

38





$

102





$

(64)





(62.7)

%

EBITDA Margin %

33.3

%



41.5

%







(8.2)

pts

















Gaming Statistics















(Dollars in millions)































Rolling Chip Volume

$

1,070





$

3,030





$

(1,960)





(64.7)

%

Rolling Chip Win %(1)

1.76

%



4.02

%







(2.26)

pts

















Non-Rolling Chip Drop

$

274





$

433





$

(159)





(36.7)

%

Non-Rolling Chip Win %

23.3

%



25.2

%







(1.9)

pts

















Slot Handle

$

– –





$

125





$

(125)





(100.0)

%

Slot Hold %





6.1

%

























Hotel Statistics































Occupancy %

42.0

%



92.9

%







(50.9)

pts

Average Daily Rate (ADR)

$

449





$

333





$

116





34.8

%

Revenue per Available Room (RevPAR)

$

189





$

310





$

(121)





(39.0)

%



















Hinweis:

Due to social distancing measures and travel restrictions as a result of the COVID-19 pandemic, the property operated at a reduced capacity.

(1)

This compares to our expected Rolling Chip win percentage of 3.15% to 3.45% (calculated before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis).

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)





Three Months Ended









Sands Macao

December 31,









(Dollars in millions)

2020



2019



$ Change



Veränderung

Revenues:















Casino

$

27





$

137





$

(110)





(80.3)

%

Rooms

3





5





(2)





(40.0)

%

Food and Beverage

2





7th





(5)





(71.4)

%

Mall

– –





1





(1)





(100.0)

%

Net Revenues

$

32





$

150





$

(118)





(78.7)

%

















Adjusted Property EBITDA

$

(18)





$

40





$

(58)





(145.0)

%

EBITDA Margin %





26.7

%

























Gaming Statistics















(Dollars in millions)































Rolling Chip Volume

$

506





$

1,049





$

(543)





(51.8)

%

Rolling Chip Win %(1)

1.15

%



2.58

%







(1.43)

pts

















Non-Rolling Chip Drop

$

127





$

612





$

(485)





(79.2)

%

Non-Rolling Chip Win %

18.1

%



18.8

%







(0.7)

pts

















Slot Handle

$

129





$

632





$

(503)





(79.6)

%

Slot Hold %

3.1

%



3.3

%







(0.2)

pts

















Hotel Statistics































Occupancy %

69.6

%



100.0

%







(30.4)

pts

Average Daily Rate (ADR)

$

141





$

178





$

(37)





(20.8)

%

Revenue per Available Room (RevPAR)

$

98





$

178





$

(80)





(44.9)

%



















Hinweis:

Due to social distancing measures and travel restrictions as a result of the COVID-19 pandemic, the property operated at a reduced capacity.

(1)

This compares to our expected Rolling Chip win percentage of 3.15% to 3.45% (calculated before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis).

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)



Three Months Ended









Marina Bay Sands

December 31,









(Dollars in millions)

2020



2019



$ Change



Veränderung

Revenues:















Casino

$

229





$

602





$

(373)





(62.0)

%

Rooms

36





100





(64)





(64.0)

%

Food and Beverage

32





69





(37)





(53.6)

%

Mall

39





54





(15)





(27.8)

%

Convention, Retail and Other

9





28





(19)





(67.9)

%

Net Revenues

$

345





$

853





$

(508)





(59.6)

%

















Adjusted Property EBITDA

$

144





$

457





$

(313)





(68.5)

%

EBITDA Margin %

41.7

%



53.6

%







(11.9)

pts

















Gaming Statistics















(Dollars in millions)































Rolling Chip Volume

$

1,257





$

7,916





$

(6,659)





(84.1)

%

Rolling Chip Win %(1)

3.09

%



3.93

%







(0.84)

pts

















Non-Rolling Chip Drop

$

556





$

1,231





$

(675)





(54.8)

%

Non-Rolling Chip Win %

17.9

%



22.0

%







(4.1)

pts

















Slot Handle

$

3,315





$

3,459





$

(144)





(4.2)

%

Slot Hold %

4.5

%



4.8

%







(0.3)

pts

















Hotel Statistics































Occupancy %

69.0

%



97.3

%







(28.3)

pts

Average Daily Rate (ADR)

$

229





$

450





$

(221)





(49.1)

%

Revenue per Available Room (RevPAR)

$

158





$

438





$

(280)





(63.9)

%



















Hinweis:

Due to social distancing measures and travel restrictions as a result of the COVID-19 pandemic, the property operated at a reduced capacity.

(1)

This compares to our expected Rolling Chip win percentage of 3.15% to 3.45% (calculated before discounts, commissions, deferring revenue associated with the company's loyalty programs and allocating casino revenues related to goods and services provided to patrons on a complimentary basis).

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data

(Unaudited)



Three Months Ended









Las Vegas Operating Properties

December 31,









(Dollars in millions)

2020



2019



$ Change



Veränderung

Revenues:















Casino

$

52





$

116





$

(64)





(55.2)

%

Rooms

41





153





(112)





(73.2)

%

Food and Beverage

23





101





(78)





(77.2)

%

Convention, Retail and Other

34





105





(71)





(67.6)

%

Net Revenues

$

150





$

475





$

(325)





(68.4)

%

















Adjusted Property EBITDA

$

(50)





$

120





$

(170)





(141.7)

%

EBITDA Margin %





25.3

%

























Gaming Statistics















(Dollars in millions)































Table Games Drop

$

289





$

540





$

(251)





(46.5)

%

Table Games Win %(1)

11.1

%



19.8

%







(8.7)

pts

















Slot Handle

$

569





$

841





$

(272)





(32.3)

%

Slot Hold %

8.1

%



8.0

%







0.1

pts

















Hotel Statistics































Occupancy %

43.9

%



94.5

%







(50.6)

pts

Average Daily Rate (ADR)

$

185





$

253





$

(68)





(26.9)

%

Revenue per Available Room (RevPAR)

$

81





$

239





$

(158)





(66.1)

%



















Hinweis:

Due to social distancing measures and travel restrictions as a result of the COVID-19 pandemic, the property operated at a reduced capacity, with some operations temporarily closed due to social distancing measures. Rooms within the property's Venezia tower and Palazzo tower closed during the period were excluded from the calculation of hotel statistics above.

(1)

This compares to our expected Baccarat win percentage of 18.0% to 26.0% and our expected non-Baccarat win percentage of 16.0% to 24.0% (calculated before discounts).

Las Vegas Sands Corp. and Subsidiaries

Supplemental Data – Asian Retail Mall Operations

(Unaudited)





For The Three Months Ended December 31, 2020



TTM

December 31,

2020

(Dollars in millions except per square foot data)



Gross

Revenue(1)



Operating

Benefit



Operating

Benefit

Span



Gross Leasable

Area (sq. ft.)



Occupancy

% at

End of

Period



Tenant Sales

Per Sq. Ft.(2)

Shoppes at Venetian



$

51





$

47





92.2

%



812,936





83.8

%



$

794





























Shoppes at Four Seasons

























Luxury Retail



27





23





85.2

%



125,466





100.0

%



3,750



Other Stores



13





12





92.3

%



118,638





89.5

%



1,245



Gesamt



40





35





87.5

%



244,104





94.9

%



2,744





























Shoppes at Londoner(3)



12





10





83.3

%



525,206





83.9

%



409





























Shoppes at Parisian



11





10





90.9

%



295,963





78.5

%



349





























Total Cotai Strip in Macao



114





102





89.5

%



1,878,209





84.4

%



902





























The Shoppes at Marina Bay Sands



39





34





87.2

%



620,330





98.2

%



1,053





























Gesamt



$

153





$

136





88.9

%



2,498,539





87.8

%



$

936





















Hinweis:

This table excludes the results of our mall operations at Sands Macao. As a result of the COVID-19 pandemic, tenants were provided rent concessions of $16 million at our Macao properties and $8 million at Marina Bay Sands.

(1)

Gross revenue figures are net of intersegment revenue eliminations.

(2)

Tenant sales per square foot reflect sales from tenants only after the tenant has been open for a period of 12 months.

(3)

The Shoppes at Londoner will feature up to an estimated 600,000 square feet of gross leasable area at completion of all phases of the renovation, rebranding and expansion to The Londoner Macao.

SOURCE Las Vegas Sands Corp.

similar links

http://www.sands.com

FAQ not present/live