Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 338

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 338
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 |
| Impact of currency translation                       |     |              |      — |   |     |          |   — |     |                 |   (105 | ) |     |               |  (3 | ) |     |               |   (2 | ) |     |             |   — |   |     |       |   (110 | ) |
| Balance as of December 31, 2024                      |     |              |      — |   |     |          |   — |     |                 | (1,929 | ) |     |               | (61 | ) |     |               | (299 | ) |     |             |   — |   |     |       | (2,289 | ) |
| Net book value as of December 31, 2024               |     |              |      — |   |     |          | 143 |     |                 |    477 |   |     |               | 226 |   |     |               |   48 |   |     |             |  14 |   |     |       |    908 |   |

| 1 | Orbital slot retirements related to 85°W, 105.5°W, 68.5°W, 65°E, 63°E, and certain rights 
 at 129°W                                                                                  |

F-56

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022

| € million                                            |     | Orbital      
 slot license 
 rights       
 (indefinite- 
 life)        |        |   |     | Goodwill |        |   |     | Orbital slot    
 license rights  
 (definite life) |      |   |     | Customer      
 relationships |     |   |     | Other         
 definite life 
 intangibles   |      |   |     | Internally  
 generated   
 development 
 costs       |     |   |     | Total |        |   |
| Cost                                                 |     |              |        |   |     |          |        |   |     |                 |      |   |     |               |     |   |     |               |      |   |     |             |     |   |     |       |        |   |
| Balance as of January 1, 2023                        |     |              |  2,193 |