Kate Waterhouse dressed to impress as she lead stars at the Chandon Ladies Day on Saturday.

The horse racing heiress, 41, put on a leggy display in a stunning pink dress which featured a racy thigh-high split as she arrived to Rosehill Gardens.

She accessorised the glamorous frock with gold bracelets and statement earrings.

The mother-of-two finished her look with a pair of matching coloured stilettos and held a Louis Vuitton handbag.

Kate, who is the daughter of Gai Waterhouse and bookmaker Robbie Waterhouse, tied her locks back and wore a pink bow in her hair.

She was joined at the event by Kylie Gillies and Nikki Phillips.

Kylie, 57, put on a stylish display as she arrived to the event in a silk mini skirt and a matching coloured blazer.

She finished the look with a ruffled pink shirt, strappy heels and wore a beret.

The Morning Show host curled her short blonde locks and wore a neutral makeup palette consisting of blush and mascara.

Nikki also put on a very leggy display in a light pink blazer dress which had large buttons along the front.

The 42-year-old completed her look with a pair of nude stilettos and a statement handbag.

The New Zealand model wore a beret and styled her blonde locks in vintage waves.

Channel Nine star Amber Sherlock also arrived to the event in a similar coloured dress which featured a peep hole design at the front.

She wore a large fascinator on her curled brunette locks and completed the look with silver earrings.

Also joining them at the racing carnival was singer Paulini.

The 42-year-old made a style statement in a bright pink dress which was clinched in at the waist.

She accessorised with a pair of black strappy heels, gloves and a black fascinator.

The singer tied her long locks back into a ponytail and was all smiles as she posed at the event.