Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 387

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 387
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 |   |
| Accrued share premium distribution                                                        |     |                   |       — |     |                   |       — |   |     |                   | 130,000 |     |                   | 17,166 |   |
| Reclassification of inventory to satellites and other property and equipment              |     |                   |       — |     |                   |       — |   |     |                   |       — |     |                   | 10,482 |   |
| Reclassification of satellites and other property and equipment to amortizable intangible 
 assets                                                                                    |     |                   |       — |     |                   |       — |   |     |                   |       — |     |                   | 12,625 |   |
| Reclassification of satellites and other property and equipment to other assets           |     |                   |       — |     |                   |       — |   |     |                   |       — |     |                   |  4,582 |   |
| Contribution to investment                                                                |     |                   |       — |     |                   |       — |   |     |                   |  46,526 |     |                   |      — |   |
| Conversion of loans                                                                       
 held-for-investment to equity securities                                                  |     |                   |       — |     |                   |  11,764 |   |     |                   |       — |     |                   |      — |   |
| Contribution from parent                                                                  |     |                   | 175,706 |     |                   |       — |   |     |                   |       — |     |                   |      — |   |

See accompanying notes to the consolidated financial statements. F-108

INTELSAT S.A. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

Note 1—Background and Summary of Significant Accounting Policies

In this Annual Report, unless otherwise indicated or the context
otherwise requires, (1) the terms “we,” “us,” “our,” “the Company” and “Intelsat” refer to Intelsat S.A. (formerly Intelsat Emergence S.A.) and its subsidiaries on a consolidated basis,
(2) the term “Intelsat Holdings” refers to Intelsat Holdings S.á r.l., our direct wholly-owned subsidiary, (3) the term “Intelsat Investments” refers to Intelsat Investments S.á r.l., which was