Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 329

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 329
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 satellite capacity from third parties under contracts with a maximum life of eight years, as well as EUR 67 million (2022: EUR 68 million) capital contribution into a Luxembourg space sector fund in connection with the renewal of the agreement with Luxembourg government in respect of SES’s concession to operate satellites under Luxembourg’s jurisdiction.

| € million                                   |     | 2023 |     |     | 2022 |     |
| Within one year                             |     |      | 152 |     |      | 126 |
| After one year but not more than five years |     |      | 130 |     |      | 162 |
| After more than five years                  |     |      |  47 |     |      |  51 |
| Total                                       |     |      | 329 |     |      | 339 |

The total expense recognized for transponder service agreements in 2023 was EUR 141 million (2022: EUR 94 million). Litigation There were no significant litigation claims against the Group as of December 31, 2023, or as of December 31, 2022. F-85

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Consolidated financial statements as of and for the years ended December 31, 2023 and December 31, 2022 Guarantees On December 31, 2023 the Group had outstanding bank guarantees of EUR 48 million (2022: EUR 72 million) with respect to performance and warranty guarantees for services of satellite operations. Note 31—Leases Lessor During 2023 and 2022 the Group did not recognize any leasing income related to customer lease contracts. Lessee The Group has recognized right-of-useassets, and associated liabilities, in relation to contracts previously classified as “operating leases” under the provision of IFRS 16. These assets and liabilities were measured at the present value of the remaining lease payments, discounted using the Group’s weighted average incremental borrowing rate of 2.97% as of December 31, 2023 (2.87% as of December 31, 2022). The difference between the operating lease commitments and the right-of-useassets recognized represents impact of discounting over the outstanding lease term. Amounts recognised in the consolidated statement of financial position The Group leases office buildings, ground segment assets and other fixtures and fittings, tools and equipment, information about which is presented below.

| €