Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 239

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 239
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 on the information contained or
incorporated by reference in this prospectus. Neither SES nor Intelsat has authorized anyone to give any information or make any representation about the Acquisition, the CVRs, SES or Intelsat that is different from, or in addition to, that
contained in this prospectus or in any of the materials that SES may have incorporated by reference into this prospectus. Therefore, if anyone does give you information of this sort, you should not rely on it. The information contained in this
prospectus speaks only as of the date of this prospectus unless the information specifically indicates that another date applies.

165

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 INDEX TO FINANCIAL STATEMENTS OF SES S.A.

| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                             
 AUDITED CONSOLIDATED INCOME STATEMENTS FOR THE YEARS ENDED DECEMBER 31,             
 2023 AND DECEMBER 31, 2022                                                          
 AUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED         
 DECEMBER 31, 2023 AND DECEMBER 31, 2022                                             |     | F-2  
 F-6  
 F-7  |
|:------------------------------------------------------------------------------------|:----|:-----|
| AUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31,            
 2023 AND DECEMBER 31, 2022                                                          |     | F-8  |
| AUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31,      
 2023 AND DECEMBER 31, 2022                                                          |     | F-9  |
| AUDITED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY FOR              
 THE YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022                             |     | F-10 |
| NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 
 2023 AND DECEMBER 31, 2022                                                          |     | F-12 |

INDEX TO FINANCIAL STATEMENTS OF INTELSAT S.A.

| REPORT OF INDEPENDENT AUDITOR                                                                                                                                           
 AUDITED CONSOLIDATED BALANCE SHEETS AS OF DECE