Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 433

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 433
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, net                                              |     |   |     10,735 |   |
| Elimination of predecessor                                              
 paid-in-capital                                                         |     |   |  2,752,410 |   |
| Fresh start valuation adjustment for noncontrolling interest            |     |   |    (31,762 | ) |
| Elimination of Predecessor other comprehensive loss                     |     |   |    (51,283 | ) |
| Elimination of Predecessor retained deficit                             |     | $ |  1,977,589 |   |

F-131

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

Note 4—Revenue

(a) Revenue Recognition

We earn
revenue primarily by providing services to our customers using our satellite transponder capacity. Our customers generally obtain satellite capacity from us by placing an order pursuant to one of several master customer service agreements. On-network services are composed primarily of services delivered on our owned network infrastructure, as well as commitments for third-party capacity, generally long-term in nature, that we integrate and market as
part of our owned infrastructure. In the case of third-party services in support of government applications, the commitments for third-party capacity are shorter and matched to the government contracting period, and thus remain classified as off-network services. Off-network services can include transponder services and other satellite-based transmission services such as MSS, which are sourced from other
operators, often in frequencies not available on our network. Within the category Off-Network and Other Revenues, we also include revenues from consulting and other services.

Our Intelsat CA revenue is primarily earned from providing connectivity and entertainment services and through sales of equipment. Equipment
may be sold directly to airline customers or to airline Original Equipment Manufacturer (“OEM’s”) for installation as the aircraft is manufactured or to other third-party customers such as aircraft lessors. In the case of OEM’s
and third-party equipment customers, we do not sell connectivity or entertainment services as they are separately negotiated directly with our airline customers. Installation service, which we report within equipment revenue, is an option presented
to our airline customers that we manage through a third-party service provider.

For each service type, the price per unit in our
contracts is generally fixed for each defined time period. While the number of units or price per unit in our multi-year contracts may be different by year or another time period, the number of units and price per unit are fixed for each defined