Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 6

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 6
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 200.83 PRESENTATION OF FINANCIAL AND OTHER INFORMATION This prospectus contains the following:

| (1) | The consolidated financial statements of SES S.A. as of December 31, 2023 and 2022 and for the years ended                                                                                                           
 December 31, 2023 and 2022, prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (IASB) (the “IFRS”). Additionally, the prospectus contains               
 non-IFRS measures of SES that are not required by, or presented in accordance with, IFRS. SES presents non-IFRS measures because they are used by SES’s management                                                   
 in monitoring SES’s business and because SES believes that they and similar measures are frequently used by securities analysts, investors and other interested parties in evaluating companies in its industry; and |

| (2) | The consolidated financial statements of Intelsat S.A. and its subsidiaries as of December 31, 2023 and                                                                                                                                     
 2022 and for the years ended December 31, 2023 and 2022, prepared in accordance with U.S. GAAP, which are considered by SES not to be materially different than the financial statements of Intelsat Holdings S.à r.l and its subsidiaries. 
 However, we refer to EBITDA and Adjusted EBITDA. These are not measures defined by U.S. GAAP and have been defined in “Intelsat—Management’s Discussion and Analysis of Financial Conditions and Results of Operations.”                    |

Unless indicated otherwise, financial data presented in this prospectus has been taken from the audited consolidated financial statements of SES and Intelsat. IFRS Unless otherwise stated, SES’s financial information in this prospectus has been prepared in accordance with IFRS as issued by the IASB. Presentation of financial information in accordance with IFRS requires SES management to make various estimates and assumptions which may impact the values shown in the historical financial information and the respective notes thereto. The actual values may differ from such assumptions. Non-IFRSFinancial Measures This prospectus contains certain SES unaudited financial and operating measures that are not defined or recognized under IFRS that we use to assess the performance of our business. Explanations of these measures are set out below. For example, in this prospectus, SES presents non-IFRSfinancial measures such as Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Debt, Adjust