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.

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