Las Vegas Sands Reports Second Quarter 2024 Results

Las Vegas Sands (NYSE: LVS), one of the world's leading integrated resort development and operating companies, has announced the quarterly financial results ending on June 30, 2024.

"Financial and business results in the second quarter of 2024 reflect growth in both Macau and Singapore compared to the second quarter of 2023. A larg e-scale investment plan is performed in both Macau and Singapore markets. Among them, we are looking forward to the opportunity to realize the leading growth in both markets for the next few years, "said Robert G. Goldstein, President and CEO (CEO).

"In Macau, although it is much lower than the pandemic (global trend), it is continuing to recover. It increases the appeal of Macau's business and leisure sightseeing, and is a global business and leisure sightseeing hub. Our 1 0-year commitment to invest in supporting growth is a good position for the Company as the recovery of travel and tourism expenditures progresses.

"In Singapore, Marina Bay Sands has achieved strong financial and business performance again. As travel and sightseeing consumption in Asia continues to expand, we will grow further by expanding new suite products and services. can.

"Macau and Singapore's continuous investment, capital investment plan, pursuit of growth opportunities in new markets, and surplus shareholder reduction plan are the strength and major cash flow in our financials.

"In the current quarter, we have bought a $ 400 million LVS stock in the company's stock buying program. We will continue to use our own stock buying program to return surplus capital to shareholders.

Net income was $ 2. 76 billion, compared to $ 2. 54 billion in the previous quarter. Operating income was $ 591 million, compared to $ 537 million in the previous quarter. Net income in the second quarter of 2024 was $ 424 million ($ 368 million in the second quarter of 2023).

After consolidated coordination, the proprietary EBITDA was $ 1. 07 billion ($ 973 million in the previous fiscal year).

Sands China Limited's GAA P-based consolidated business performance was $ 1, 75 billion, up 8 % from the second quarter of 2023 to $ 1. 750 million. SCL net income was $ 246 million, compared to $ 187 million in the second quarter of 2023.

In addition to other incom e-based deductions, the interest paid after deduction of other revenue was $ 2. 1 billion in the previous quarter of $ 2. 1 billion, which was $ 18. 6 billion in the second quarter of fiscal 2024. The weighted average borrowing cost was 5. 4 % in the second quarter of 2023, while 5. 0 % in the second quarter of 2024.

The effective tax rate in the second quarter of 2024 was 14. 5%(11. 8%in the previous fiscal year). The corporate tax rate in the second quarter of 2024 is mainly due to the legal tax rate of the Singapore business.

In the second quarter of FY2024, we bought back $ 400 million (about 9 million shares, weighted average stock price of $ 45. 77). The remaining frame of the company's repurchase program is $ 645 million. The timing of the i n-house shareholding and the actual number of shares will depend on a variety of factors, such as financial status, revenue, legal requirements, other investment opportunities, and market environments.

In the quarter, we paid a quarte r-year dividend of $ 0. 20 per common stock. On August 6, 2024, the Las Vegas Sands shareholder announced on August 14, the next quarterly dividend of $ 0. 20 per common share.

As of June 30, 2024, an unimulated balance sheet asset was $ 4. 71 billion.

We can borrow $ 4. 43 billion in past credit slots (after deduction of creditworthiness) with the United States, SCL and Singapore. As of June 30, 2024, the total debt, excluding finance leases and finance purchases, was $ 13. 722 billion.

The breakdown is 5, 900%Senior Notebook 750 million dollars on June 1, 2027, 6, 000%of Senior Note, 2029, 6, 000 million dollars, 6, 200%Senior Note. It is $ 500 million. The pure income and han d-funded due to the recruitment were all over the full redemption of $ 1. 750 million, which had been published on August 8, 2024, 3, 200 % Senior Note. During the quarterly, August 8, 2025, 5125 % SCL Senior Note was reduced by $ 175 million. < SPAN> In addition to the deduction of other income assets that affect other revenue, the interest paid after deducting a deduction of $ 210 million in the previous quarter was $ 1. 86 billion in the second quarter of FY2024. The weighted average borrowing cost was 5. 4 % in the second quarter of 2023, while 5. 0 % in the second quarter of 2024.

The effective tax rate in the second quarter of 2024 was 14. 5%(11. 8%in the previous fiscal year). The corporate tax rate in the second quarter of 2024 is mainly due to the legal tax rate of the Singapore business.

In the second quarter of FY2024, we bought back $ 400 million (about 9 million shares and the weighted average of $ 45. 77). The remaining frame of the company's repurchase program is $ 645 million. The timing of the i n-house shareholding and the actual number of shares will depend on a variety of factors, such as financial status, revenue, legal requirements, other investment opportunities, and market environments.

In the quarter, we paid a quarte r-year dividend of $ 0. 20 per common stock. On August 6, 2024, the Las Vegas Sands shareholder announced that it will pay the next quarte r-year dividend of $ 0. 20 per common share on August 14.

As of June 30, 2024, an unimulated balance sheet asset was $ 4. 71 billion.

We can borrow $ 4. 43 billion in past credit slots (after deduction of creditworthiness) with the United States, SCL and Singapore. As of June 30, 2024, the total debt, excluding finance leases and finance purchases, was $ 13. 722 billion.

The breakdown is 5, 900%Senior Notebook 750 million dollars on June 1, 2027, 6, 000%of Senior Note, 2029, 6, 000 million dollars, 6, 200%Senior Note. It is $ 500 million. The pure income and han d-funded due to the recruitment were all over the full redemption of $ 1. 750 million, which had been published on August 8, 2024, 3, 200 % Senior Note. During the quarterly, August 8, 2025, 5125 % SCL Senior Note was reduced by $ 175 million. In addition to other incom e-based deductions, the interest paid after deduction of other revenue was $ 2. 1 billion in the previous quarter of $ 2. 1 billion, which was $ 18. 6 billion in the second quarter of fiscal 2024. The weighted average borrowing cost was 5. 4 % in the second quarter of 2023, while 5. 0 % in the second quarter of 2024.

The effective tax rate in the second quarter of 2024 was 14. 5%(11. 8%in the previous fiscal year). The corporate tax rate in the second quarter of 2024 is mainly due to the legal tax rate of the Singapore business.

In the second quarter of FY2024, we bought back $ 400 million (about 9 million shares and the weighted average of $ 45. 77). The remaining frame of the company's repurchase program is $ 645 million. The timing of the i n-house shareholding and the actual number of shares will depend on a variety of factors, such as financial status, revenue, legal requirements, other investment opportunities, and market environments.

In the quarter, we paid a quarte r-year dividend of $ 0. 20 per common stock. On August 6, 2024, the Las Vegas Sands shareholder announced that it will pay the next quarte r-year dividend of $ 0. 20 per common share on August 14.

As of June 30, 2024, an unimulated balance sheet asset was $ 4. 71 billion.

We can borrow $ 4. 43 billion in past credit slots (after deduction of creditworthiness) with the United States, SCL and Singapore. As of June 30, 2024, the total debt, excluding finance leases and finance purchases, was $ 13. 722 billion.

The breakdown is 5, 900%Senior Notebook 750 million dollars on June 1, 2027, 6, 000%of Senior Note, 2029, 6, 000 million dollars, 6, 200%Senior Note. It is $ 500 million. Pure income and han d-funded by the recruitment were all over the full redemption of $ 1. 750 million, which had been issued by 3, 200 % Senior Note on August 8, 2024. During the quarterly, August 8, 2025, 5125 % SCL Senior Note was reduced by $ 175 million.

Capital spending was $ 285 million in the second quarter of the second quarter, which was $ 140 billion for the construction, development and maintenance of Marina Bay Sands, $ 131 million for Macau, and other companies. Activities include $ 14 million.

Delivery information We will hold a conference on our performance at 1:30 pm (Pacific Time) on Wednesday, July 24, 2024. Pacific standard time). If you are interested, you can listen to a telephone conference on our website (www. Sands. com) webcast.