Slides
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1 November 4, 2026 3Q’26 Results Presentation
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2 Safe Harbor Statement This presentation contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Melco Resorts & Entertainment Limited (the “Company”) may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) changes in the gaming market and visitations in Macau, the Philippines, the Republic of Cyprus and Sri Lanka, (ii) local and global economic conditions, (iii) capital and credit market volatility, (iv) our anticipated growth strategies, (v) risks associated with the implementation of the amended Macau gaming law by the Macau government, (vi) gaming authority and other governmental approvals and regulations, and (vii) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this presentation is as of the date of this presentation, and the Company undertakes no duty to update such information, except as required under applicable law. This presentation contains non-GAAP financial measures and ratios that are not required by, or presented in accordance with, U.S. GAAP, including Adjusted property EBITDA and Adjusted EBITDA. The non-GAAP financial measures may not be comparable to other similarly titled measures of other companies since they are not uniformly defined and have limitations as analytical tools and should not be considered in isolation or as a substitute for U.S. GAAP measures. Non-GAAP financial measures and ratios are not measurements of our performance under U.S. GAAP and should not be considered as alternatives to any performance measures derived in accordance with U.S. GAAP or any other generally accepted accounting principles. Reconciliations of such non-GAAP financial measures and ratios to their most directly comparable financial measures and ratios are included in our earnings releases that have been furnished with the SEC and are also available on our Investor Relations website at http://ir.melco-resorts.com. Disclaimer
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3 Key Investment Highlights 1 GLOBAL PRESENCE WITH HIGH-QUALITY ASSETS spanning Asia and Europe with ability to adapt and thrive in diverse market conditions 2 DIVERSE AWARD-WINNING PRODUCT PORTFOLIO offering a wide range of products and facilities to accommodate a broad spectrum of customers 3 PROVEN TRACK RECORD OF SUCCESSFUL DEVELOPMENT & GROWTH improving operational efficiencies & creating competitive advantages with innovative product offerings 4 EXPERIENCED MANAGEMENT TEAM focused on returning value to stakeholders 5 COMMITTED TO A STRONG BALANCE SHEET AND LIQUIDITY PROFILE by reducing leverage and prioritizing performance and profitability
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4 Melco Resorts’ Global Presence Melco Resorts is a developer, owner and operator of award-winning integrated resort facilities in Macau, the Philippines, Cyprus and Sri Lanka City of Dreams An integrated resort in Cotai that embodies high end luxury with a focus on the premium segment Studio City An integrated, cinematically-themed resort aimed at delivering a unique, entertainment-driven experience Altira Macau An integrated resort located in Taipa, Macau catering to the premium mass and mass segments Mocha Clubs The only non- casino based operations of electronic gaming machines in Macau City of Dreams Manila An integrated resort located within Entertainment City, Manila City of Dreams Mediterranean An integrated resort located in Limassol, Cyprus ▪ An average of approximately 734 gaming tables, 2,478 gaming machines and 4,737 hotel rooms(1) in 3Q’26 ▪ An average of approximately 264 gaming tables, 2,275 gaming machines and 939 hotel rooms in 3Q’26 ▪ Europe’s premier integrated resort and satellite casinos with an average of approximately 108 gaming tables, 971 gaming machines and 500 hotel rooms in 3Q’26 Macau Philippines Sri Lanka Notes: 1. Includes REM (formerly known as The Countdown), which commenced phased opening in August 2026 and held its grand opening on O ctober 20, 2026. 2. Including 113 rooms managed by Melco Resorts under the N üwa brand Cyprus City of Dreams Sri Lanka An integrated resort located in Colombo, Sri Lanka ▪ The first integrated resort in Sri Lanka and South Asia with approximately 800 hotel rooms (2). Opened in Aug’25
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5 Diverse Award-Winning Product Offerings • To date, Melco Resorts has been recognized with over 1,500 local and international awards and accolades • Attained 19 Five-Star Awards, placing Melco Resorts as the leader among global integrated resort operators with the most Five-Star Awards in the 2026 Forbes Travel Guide • Leader in Macau with 8 stars granted by MICHELIN Guide Hong Kong & Macau 2026, the most of any other integrated resorts operator, and the Macau’s first hotel to receive MICHELIN three keys. Morpheus, Nüwa Macau Jade Dragon, Alain Ducasse at Morpheus, Yí, Sushi Kinetsu Ying, Tenmasa, AuroraAltira Macau Nüwa Manila World’s Most Beautiful Hotels Morpheus Star Tower, Epic Tower Pearl Dragon Leading Edge Award Studio City Water Park Macau Philippines Cyprus World’s Most Beautiful Hotels W Macau – Studio City Morpheus
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6 New Activations in Macau Studio City Presents: Disney Space Water World
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7 REM at City of Dreams Macau • REM (formerly known as The Countdown), featuring 149 suites, commenced phased opening in August and held its grand opening on October 20, 2026.
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8 (US$ millions) Sep ’26 Sep’25 % Change Total Operating Revenues 1,174 1,310 (10.4%) Gaming 939 1,061 (11.5%) Non-Gaming 234 248 (5.5%) Total Operating Costs & Expenses (1,073) (1,125) 4.6% Operating Income 100 185 (45.7%) Total Non-Operating Expenses, Net (108) (122) 11.5% Net Income (9) 62 (114.7%) Adjusted Property EBITDA(1) 288 380 (24.4%) City of Dreams Macau 130 207 (37.0%) Studio City 91 105 (13.5%) Altira (0) (1) 59.3% Mocha and Other(2) 4 6 (25.0%) City of Dreams Manila 33 41 (20.2%) City of Dreams Mediterranean and Other 26 23 10.7% Other Operations(3) 4 (1) 738.2% Corporate and Other Expenses (23) (28) 19.6% Adjusted EBITDA (4) 265 352 (24.8%) Summary Financials 3 months ended Note: 1. “Adjusted Property EBITDA” is net income/loss before interest, taxes, depreciation, amortization, pre-opening costs, development costs (if any), property charges and other, share-based compensation, payments to the Philippine Parties under the cooperative arrangement (the “Philippine Parties”), integrated resort and casino rent, Corporate and Other expenses and other non-operating income and expenses 2. Mocha and Other segment included the operation of the Grand Dragon Casino before its closure and was changed to Mocha segment effective on September 23, 2025 3. Effective from August 1, 2025, the Company’s casino operations at City of Dreams Sri Lanka, which commenced business on August 1, 2025, and provision of management services to operate certain floors of the hotel tower at City of Dreams Sri Lanka, which opened to the public on July 15, 2025, were previously reported under the Corporate and Other category, have been included in the Other Operations segment for 3Q'25 4. “Adjusted EBITDA” is net income/loss before interest, taxes, depreciation, amortization, pre-opening costs, development costs (if any), property charges and other, share-based compensation, payments to the Philippine Parties, integrated resorts and casino rent, and other non-operating income and expenses
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9 Melco Resorts Group-wide Adjusted Property EBITDA of US$288 million(1) and Hold- Adjusted Property EBITDA of US$298 million(5) Notes: 1. “Adjusted Property EBITDA” is net income/loss before interest, taxes, depreciation, amortization, pre-opening costs, development costs (if any), property charges and others, share-based compensation, payments to the Philippine Parties under the cooperative arrangement (the “Philippine Parties”), integrated resort and casino rent, Corporate and Other expenses and other non-operating income and expenses 2. Adjusted Property EBITDA margin is Adjusted Property EBITDA divided by total operating revenues 3. As part of the Company’s development strategy and in accordance with Macau law, Grand Dragon Casino and Mocha Kuong Fat cease d operations in September 2025 and Mocha Grand Dragon Hotel and Mocha Hotel Royal ceased operations during 4Q 2025 4. Effective from August 1, 2025, the Company’s casino operations at City of Dreams Sri Lanka, which commenced business on Augus t 1, 2025, and provision of management services to operate certain floors of the hotel tower at City of Dreams Sri Lanka which opened to the public on July 15, 2025 were previously reported under the Corporate and Other category, has been included in the Other Operations segment for 3Q'25 5. For "Hold-Adjusted Property EBITDA", normalized VIP win rate is assumed to be 3.00% , which represents the midpoint of our expected rolling chip win rate. Hold-Adjusted Property EBITDA is based on a normalized VIP win rate only. This figure is an estimate, not an actual figure, and is for illustrative purpose only. (US$ millions) 3Q’25 4Q’25 1Q’26 2Q’26 3Q’26 City of Dreams Macau 184 187 194 157 145 Studio City 105 87 112 96 91 Altira and Mocha(3) 5 1 8 6 4 Macau Hold-Adjusted Property EBITDA 294 274 314 258 239 City of Dreams Manila 39 30 33 31 31 City of Dreams Mediterranean and Other 23 21 9 20 26 Other Operations(4) (1) (2) 1 4 2 Hold-Adjusted Property EBITDA(5) 355 323 356 312 298 Melco Resorts Hold-Adjusted Property EBITDA Margin 28.1% 25.3% 26.9% 24.7% 25.0% Macau Hold-Adjusted Property EBITDA Margin 27.6% 25.2% 27.4% 24.2% 24.3% Melco Resorts Group Adjusted Property EBITDA – 3Q’26 Total Adjusted Property EBITDA & Margin (1) (2) (US$m) Hold-Adjusted Property EBITDA (5) 5.1 0.9 8.3 6.2 4.0 206.9 193.7 214.4 147.8 130.3 104.7 86.6 111.7 95.5 90.6 41.3 33.1 37.4 30.9 32.9 23.2 21.0 9.0 19.9 25.7 0.3 3.5 4.0 380.4 331.3 381.0 303.8 287.6 29.2% 25.7% 27.9% 24.3% 24.5% 0 50 100 150 200 250 300 350 400 450 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Altira + Mocha City of Dreams Macau Studio City City of Dreams Manila City of Dreams Mediterranean and Other Other Operations Adj. Property EBITDA Margin (0.6) (3.9)
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10 City of Dreams Macau Adjusted EBITDA and Adjusted EBITDA margin(1) (2) City of Dreams Macau Key Operating Metrics (US$m, unless otherwise stated) 3Q’26 Vs. 2Q’26 Vs. 3Q’25 VIP Rolling Chip 4,633 (10%) (17%) VIP Win Rate (%) 2.49% (22bps) (119bps) Mass Table Drop 1,627 (7%) (2%) Mass Table Hold (%) 29.5% (22bps) (28bps) VIP GGR 116 (17%) (44%) Mass GGR 481 (8%) (3%) Slots GGR 37 (16%) 12% Total GGR 633 (10%) (14%) Total Operating Revenues 566 (10%) (16%) Adjusted EBITDA 130 (12%) (37%) Notes: 1. “Adjusted EBITDA” is net income/loss before interest, taxes, depreciation, amortization, pre-opening costs (if any), property charges and other, share-based compensation and other non-operating income and expenses 2. “Adjusted EBITDA margin” is Adjusted EBITDA divided by total operating revenues City of Dreams Macau recorded Adjusted EBITDA of US$130 million City of Dreams Macau – 3Q’26 207 194 214 148 130 30.8% 27.8% 29.2% 23.4% 23.0% 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Adjusted EBITDA (US$m) Adjusted EBITDA margin (%)
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11 Studio City Adjusted EBITDA and Adjusted EBITDA margin(1) (2) Studio City Key Operating Metrics (US$m, unless otherwise stated) 3Q’26 Vs. 2Q’26 Vs. 3Q’25 Mass Table Drop 846 (4%) (10%) Mass Table Hold (%) 34.3% (203bps) 112bps Mass GGR 290 (10%) (7%) Slots GGR 31 (16%) (4%) Total GGR 321 (10%) (7%) Total Operating Revenues 346 (7%) (8%) Adjusted EBITDA 91 (5%) (13%) Notes: 1. “Adjusted EBITDA” is net income/loss before interest, taxes, depreciation, amortization, pre-opening costs (if any), property charges and other, share-based compensation and other non-operating income and expenses 2. “Adjusted EBITDA margin” is Adjusted EBITDA divided by total operating revenues Studio City recorded Adjusted EBITDA of US$91 million Studio City – 3Q’26 105 87 112 96 91 27.9% 24.0% 28.5% 25.7% 26.2% 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Adjusted EBITDA (US$m) Adjusted EBITDA margin (%)
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12 Altira Adjusted EBITDA and Adjusted EBITDA margin(1) (2) Altira Key Operating Metrics (US$m, unless otherwise stated) 3Q’26 Vs. 2Q’26 Vs. 3Q’25 Mass Table Drop 145 8% 29% Mass Table Hold % 20.0% (192bps) 60bps Mass GGR 29 (1%) 33% Slots GGR 7 (7%) 81% Total GGR 36 (2%) 40% Total Operating Revenues 31 (8%) 22% Adjusted EBITDA (0) (113%) 59% Notes: 1. “Adjusted EBITDA” is net income/loss before interest, taxes, depreciation, amortization, pre-opening costs (if any), property charges and other, share-based compensation and other non-operating income and expenses 2. “Adjusted EBITDA margin” is Adjusted EBITDA divided by total operating revenues Altira recorded Negative Adjusted EBITDA of US$0.3 million Altira – 3Q’26 (1) (3) 4 2 (0) (2.8%) (13.8%) 10.7% 6.4% (0.9%) 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Adjusted EBITDA (US$m) Adjusted EBITDA margin (%)
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13 City of Dreams Manila Adjusted EBITDA and Adjusted EBITDA margin(1) (2) City of Dreams Manila Key Operating Metrics (US$m, unless otherwise stated) 3Q’26 Vs. 2Q’26 Vs. 3Q’25 VIP Rolling Chip 484 41% (6%) VIP Win Rate (%) 4.09% 42bps (28bps) Mass Table Drop 135 2% (6%) Mass Table Hold (%) 33.6% (179bps) (237bps) VIP GGR 20 58% (12%) Mass GGR 45 (3%) (13%) Slots GGR 49 3% (3%) Total GGR 114 7% (9%) Total Operating Revenues 99 2% (11%) Adjusted EBITDA 33 6% (20%) Notes: 1. “Adjusted EBITDA” is net income/loss before interest, taxes, depreciation, amortization, pre-opening costs (if any), property charges and other, share-based compensation, payments to the Philippine parties under the cooperative arrangement (the “Philippine Parties”), integrated resort and casino rent and other non -operating income and expenses 2. “Adjusted EBITDA margin” is Adjusted EBITDA divided by total operating revenues 3. Premium Leisure Corporation’s (PLC) share represents payments made to the Philippine Parties while Belle Corporation’s share represents cash payments made to Belle Corporation for building and land rent City of Dreams Manila - Share of Adjusted EBITDA (US$ million)(3) City of Dreams Manila recorded Adjusted EBITDA of US$33 million City of Dreams Manila – 3Q’26 City of Dreams Manila Adjusted EBITDA and Adjusted EBITDA margin(1) (2) 41 33 37 31 33 37.3% 33.0% 35.4% 31.8% 33.3% 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Adjusted EBITDA (US$m) Adjusted EBITDA margin (%) 25 18 22 18 19 10 9 9 7 8 7 6 6 6 6 41 33 37 31 33 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Belle Corp. PLC Melco
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14 (US$m, unless otherwise stated) 3Q’26 Vs. 2Q’26 Vs. 3Q’25 VIP Rolling Chip 0 75% (81%) VIP Win Rate (%) -15.34% 1,432bps (2,228bps) Mass Table Drop 221 26% 17% Mass Table Hold (%) 22.6% 49bps 80bps VIP GGR (0) 10% (142%) Mass GGR 50 28% 21% Slots GGR 38 3% 5% Total GGR 88 16% 13% Total Operating Revenues 97 18% 13% Adjusted EBITDA 26 29% 11% Notes: 1. “Adjusted EBITDA” is net income/loss before interest, taxes, depreciation, amortization, pre-opening costs (if any), property charges and other, share-based compensation and other non-operating income and expenses 2. Adjusted EBITDA margin” is Adjusted EBITDA divided by total operating revenues City of Dreams Mediterranean and Other recorded Adjusted EBITDA of US$26 million City of Dreams Mediterranean and Other – 3Q’26 City of Dreams Mediterranean and Other Adjusted EBITDA and Adjusted EBITDA margin(1) (2) City of Dreams Mediterranean and Other Key Operating Metrics 23 21 9 20 26 27.0% 25.2% 13.7% 24.3% 26.5% 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Adjusted EBITDA (US$m) Adjusted EBITDA margin (%)
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15 Guidance on Key Non-Operating Items Depreciation & Amortization ▪ Approximately US$140-145 million for 4Q 2026 Corporate Expenses ▪ Approximately US$20-25 million for 4Q 2026 Consolidated Net Interest Expense ▪ Approximately US$115-120 million for 4Q 2026, including ‒ Finance liability interest of approximately US$6 million relating to fees payable to the Macau gaming concession and the Cyprus gaming license ‒ Finance lease interest of approximately US$5 million relating to City of Dreams Manila Select Upcoming Projects ▪ Revamp of the retail area at City of Dreams Macau
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16 1. Excluding Studio City, Philippines, Cyprus, and Sri Lanka 2. Cash & cash equivalents include the cash at Studio City Casino 3. Includes restricted cash Liquidity & Balance Sheet Actual as of September 30, 2026 (US$m, unless otherwise stated) Melco Resorts(1) Studio City (2) Philippines Cyprus Sri Lanka Melco Resorts Group Cash & Cash Equivalents (3) 474 212 120 44 37 887 Availability Under Credit Facilities 972 58 38 - - 1,067 Total Liquidity 1,446 270 158 44 37 1,954 Debt maturity profile as of September 30, 2026 (US$ million) Total debt position (US$ million) Studio City Bonds Melco Resorts Bonds Credit Facilities Melco Group (ex. Studio City) 80 3,850 3,850 3,850 3,250 6,109 1,950 1,950 1,950 1,900 1,735 1,209 967 890 1,321 2,011 887 6,109 7,367 6,767 6,690 7,071 6,996 3Q'25 4Q'25 1Q'26 2Q'26 Gross Debt Total Cash Net Debt 3Q'26 4,208 220 1,791 850 1,150 750 500 335 1,100 300 1,185 2,470 2,091 750 500 2026 2027 2028 2029 2030 2031 2032 2033
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17 • Melco Resorts has returned approximately US$4.3 billion to shareholders in the form of dividends and share repurchases since 2016. • Since 2020, Melco Resorts has repurchased approximately US$969 million in shares. • The Company currently has authority to repurchase up to approximately US$487 million shares. Melco Resorts Capital Return Schedule (US$ million) (US$m, unless otherwise stated) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 YTD(1) 2016 to 2026 YTD(1) Special Dividend 350 650 - - - - - - - - - 1,000 Regular Dividend 84 200 287 313 - - - - - - - 883 Total Dividend 434 850 287 313 - - - - - - - 1,883 Share Repurchase 801 - 656 - 45 52 189 170 112 165 236 2,426 Total 1,235 850 943 313 45 52 189 170 112 165 236 4,309 Returned approximately US$4.3bn to shareholders from 2016 Shareholder Return 1. 2026 YTD as of November 03, 2026
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18 Melco Resorts’ Sustainability Goals & Achievements
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19 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 2025202420232022202120202019 tCo2e/m2 Scope 1 & 2 GHG Emissions by Intensity Remaining emissions Emissions offset by Renewable Energy Certificates Restoring our World Environmental Performance 28% reduction Our RISE sustainability strategy guides us to go “Above & Beyond” in achieving our commitments. Restoring our World focuses on goals in Energy & Climate Resilience and Material Use and Waste -40% 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 2019 2020 2021 2022 2023 2024 2025 mwh/m2 Energy Intensity -21% 0.00 0.50 1.00 1.50 2.00 2.50 3.00 2019 2020 2021 2022 2023 2024 2025 m3/sqm Water intensity 0.000 0.002 0.004 0.006 0.008 0.010 0.012 0.014 2019 2020 2021 2022 2023 2024 2025 tonnes/m2 Waste Intensity -28% -10%
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20 Sustaining our Supply Chain 100% OEKO-TEX Certified bed & bath linen 80% Green or Amber Chemicals procured 16% Sustainable Seafood procured 97% Cage-free Whole Eggs procured in 2025 Against goal of sourcing 100% OEKO-TEX certification guarantees textile products are tested and free from harmful substances, ensuring they are safe for human health and the environment Against goal of 50% Green or Amber rated chemicals Chemicals are categorized in traffic-light rating system— Green, Amber or Red—based on the extent that these substances are persistent, bioaccumulative and toxic to human health and ecosystems Against goal of sourcing 20% Seafood is prioritized that is certified by international bodies such as MSC, ASC, Global BAP, GLOBAL G.A.P Aquaculture and other standards Against goal of sourcing 100% Cage-free eggs are produced by hens that are free to roam in barns and natural environments, rather than being confined to small cages Sustaining our Supply Chain under our RISE strategy embodies what we aim to achieve across our entire value chain. Prioritizing where we can effect change, we focus on building the capacity of our local partners to innovate and to deliver items and services with reduced environmental impact. We strive to source sustainably across our key target areas Progress against goals in 2025 Enhancing Transparency along the Line In 2025, we significantly strengthened our ESG due diligence by screening targeted Tier 1 suppliers for carbon intensity, biodiversity and modern slavery risks. We also conducted onsite audits of key seafood suppliers to enhance traceability of this important sourcing stream. These steps further integrate ESG performance considerations into risk management and procurement decision making, deepening supply chain accountability “Our global team’s dedication to reducing ESG risk, offering more sustainable options to our guests and supporting suppliers to build businesses and supply chains to deliver on this has been both a motivating challenge and one of our greatest accomplishments this year” Augusta Vargas-Prada Senior Vice President, Global Supply Chain
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21 Melco’s Key Environmental Sustainability Highlights Energy & Climate Energy & water efficiency measures • Annualized energy savings of over 71.7 million kWh, and water savings of over 290,000m³ through efficiency measures Solar panels • Installed across properties generate close to 10,000MW annually, equivalent to powering 1,900 households per year Electric vehicles • 65% EV and hybrid vehicles in total fleet • Over 150 electric charging stations across all properties Climate-related Physical Risks and Mitigating Measures • Disclosed region-specific climate- related risks and opportunities with relevant mitigating measures in 2025 report Waste Waste diversion • Diversion rate from recycling and composting increased from 4% to 18% since 2019 Compost • Composted over 1,400 tonnes of food waste with on-site composters since 2019 Playing card recycling • Recycled over 1.7 tonnes of playing cards across Macau, Manila and Cyprus in 2025 Food waste • Plate waste on average across properties in Macau and Manila reduced by 4% in grams per cover in 2025 compared to 2024 Plastic waste • NORDAQ reusable glass bottles have replaced single use plastic water bottles in all guest rooms across portfolio since 2025 Ratings Corporate Sustainability Assessment (CSA) • S&P Global 2025 CSA score of 66/100 and 96th percentile in industry group • Published in the S&P Global Sustainability Yearbook for 2025 CSA score CDP • Achieved B score for Climate and A- for Water • Achieved A- for the CDP Supplier Engagement Assessment (SEA) BREEAM “Excellent” ratings • Design and construction stage for both Studio City Phase 2 and City of Dreams Mediterranean Forbes Travel Guide VERIFIED – Responsible Hospitality Badge • Altira Macau, Studio City Star Tower, Studio City Epic Tower, Morpheus, Nüwa Macau and Nüwa Manila, 2025 Strategy ESCSR Committee • Environmental Sustainability and Corporate Social Responsibility Committee established at Board level Reporting • Double materiality assessment conducted in 2025 • Continue to report against GRI standards and advance alignment ISSB Reporting Standards with an additional index IFRS S2 in Sustainability report Verification • All environmental data in the 2025 Sustainability Report Performance Tables, including Scope 1, 2 & 3 GHG emissions, have been externally verified Supply chain • Assessed Tier 1 supplier categories for climate-related risk and emission intensity Awards & Certifications ESGBusiness Awards 2025 – Waste Reduction Award Melco Resorts and Entertainment Gold Award for Sustainable Impact, Cyprus Tourism Awards 2025 City of Dreams Mediterranean Green Key Award & Green Hotel Award Studio City, NÜWA, Morpheus and The Countdown BDO ESG Awards Best in ESG Awards (Small Market Capitalisation), Melco International HKBSI 5th Hotel Business Sustainability Index Top 10 awardee, 2025 TVB ESG Awards Greater Bay Area ESG Excellence Enterprise Award (Macau SAR), 2025 and ESG Special Recognition Award – with Merit, 2025
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22 Appendix 1
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23 Average Number of VIP Gaming Tables Daily Average Win Per VIP Table (US$) Average Number of Mass Gaming Tables Daily Average Win Per Mass Table (US$) 3Q’25 4Q’25 1Q’26 2Q’26 3Q’26 City of Dreams Macau 83 83 83 83 82 City of Dreams Manila 105 106 102 103 103 City of Dreams Mediterranean and Other(2) - - - - - 3Q’25 4Q’25 1Q’26 2Q’26 3Q’26 City of Dreams Macau 27,235 26,178 29,860 18,578 15,370 City of Dreams Manila 2,342 2,156 2,593 1,340 2,088 City of Dreams Mediterranean and Other(2) - - - - - 3Q’25 4Q’25 1Q’26 2Q’26 3Q’26 Altira 29 29 32 35 35 City of Dreams Macau 354 368 365 363 368 Studio City 253 253 253 253 248 Mocha and Other(1) 15 - - - - City of Dreams Manila 157 160 162 162 161 City of Dreams Mediterranean and Other(2) 106 106 107 108 108 3Q’25 4Q’25 1Q’26 2Q’26 3Q’26 Altira 8,188 8,966 11,606 9,324 9,004 City of Dreams Macau 15,322 15,929 16,436 15,808 14,192 Studio City 13,572 13,505 14,619 13,940 12,723 Mocha and Other(1) 6,884 - - - - City of Dreams Manila 3,587 2,843 3,033 3,173 3,064 City of Dreams Mediterranean and Other(2) 4,231 4,258 3,445 3,954 4,996 Notes: 1. Grand Dragon Casino ceased operations in September 2025 and 15 tables were re-allocated to City of Dreams Macau 2. Average number of Mass Gaming Tables and Daily Average Win Per Mass Table covered VIP operation as well Continue to optimize table allocation across our portfolio of Integrated Resorts Melco Resorts: Table Yield Analysis
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24 Melco Resorts: Last 12 Months Total Adjusted Property EBITDA(1) (US$ million) Melco Resorts: Last 12 Months Macau-only VIP Rolling Volume (US$ million) Melco Resorts: Last 12 Months Macau-only VIP & Mass GGR (US$ million) Melco Resorts: Last 12 Months Macau-only Mass Table Drop (US$ million) Notes: 1. “Adjusted Property EBITDA” is net income/loss before interest, taxes, depreciation, amortization, pre-opening costs, development costs (if any), property charges and other, share-based compensation, payments to the Philippine Parties, integrated resort and casino rent, Corporate and Other expenses and other non -operating income and expenses. Melco Resorts: Historic Revenue and Adjusted Property EBITDA (400%) (200%) - 200% 400% 600% 800% 1000% (500) - 500 1,000 1,500 2,000 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 3Q'22 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Adjusted Property EBITDA YoY% (Right-axis) (150%) (100%) (50%) - 50% 100% 150% 200% 250% 300% 350% - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 3Q'22 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 VIP Roll (Macau only) YoY% (Right-axis) 20% 30% 40% 50% 60% 70% 80% 90% - 1,000 2,000 3,000 4,000 5,000 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 3Q'22 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 VIP Gross Gaming Revenue Mass Gross Gaming Revenue Mass as % of Total Gross Gaming Revenue (Right-axis) (100%) (50%) - 50% 100% 150% 200% 250% 300% 350% 400% - 2,000 4,000 6,000 8,000 10,000 12,000 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 3Q'22 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Mass table drop (Macau Only) YoY% (Right-axis)
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25 Appendix 2
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26 City of Dreams Macau Morpheus Club Lounge Morpheus Standard Room Morpheus Lobby
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27 Studio City Event Center Indoor Waterpark Add photo of Epic room Epic Tower Room
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28 Altira Macau Altira Spa Ying Restaurant Panoramic Lobby Aurora Terrace Altira Macau
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29 City of Dreams Manila Spa at Nüwa Nüwa Premier King Room Pool at the Hyatt
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30 City of Dreams Mediterranean Panoramic Suite Olea Restaurant Outdoor Pool
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31 City of Dreams Sri Lanka Nüwa Deluxe Room Crystal Lounge Nüwa Dragon Suite
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32 Thank You