Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 295

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 295
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 | ) |
| Balance as of December 31, 2022                  |     |              |  (139 | ) |     |          | (1,002 | ) |     |                 | (113 | ) |     |               |  (8 | ) |     |               | (464 | ) |     |             |   — |   |     |       | (1,726 | ) |
| Net book value as of                             
 December 31, 2022                                |     |              | 2,054 |   |     |          |  1,738 |   |     |                 |  121 |   |     |               | 284 |   |     |               |   43 |   |     |             |  51 |   |     |       |  4,291 |   |

Indefinite-life intangible assets The Group’s indefinite-life intangible assets comprise goodwill and orbital slot license rights. See Note 2 (‘Summary of material accounting policies’ / ‘Significant accounting judgments and estimates’), for the Group’s policy on determining the useful lives of intangible assets. Impairment testing procedures are performed annually, or whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The annual impairment tests are performed as of 31 October each year. The recoverable amounts are determined based on a value-in-usecalculation (Note 2) using the most recent business plan information approved by the Board of Directors, which covers a period of five years. The calculations of value-in-useare most sensitive to:

| 1 | Movements in the underlying business plan assumptions |

Business plans are drawn up annually and provide an assessment of the expected developments for a five-year period beyond the end of the year when the plan is drawn up. These business plans reflect F-52

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 both the most up-to-dateassumptions concerning the CGU’s markets and business trends. For the provision of satellite capacity these will particularly consider the following factors:

| • |     | revenue: based on expected developments in transponder fill rates, including the impact of replacement capacity, 
 and customer pricing;                                                                                            |

| • |     | capital expenditure: |

| • |     | any changes in