Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 442

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 442
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 812 |   |
| Reductions in ROU assets due to modifications, renewals or terminations of operating 
 leases                                                                               |     |             |            — |     |           |            — |     |     |      (62,598 | ) |     |     |       (1,180 | ) |
| Additions to ROU assets due to modifications or renewals of finance leases           |     |             |            — |     |           |            — |     |     |      211,165 |   |     |     |          247 |   |
| Reductions in ROU assets due to modifications, renewals or terminations of financing 
 leases                                                                               |     |             |            — |     |           |            — |     |     |            — |   |     |     |         (550 | ) |

The following table sets forth the weighted average remaining lease term and weighted average discount rate under leases:

|                                                |     |     | As of December 31, 
               2023 |   |     |     | As of December 31, 
               2024 |   |
|:-----------------------------------------------|:----|:----|-------------------:|:--|:----|:----|-------------------:|:--|
| Weighted average remaining lease term (years): |     |     |                    |   |     |     |                    |   |
| Operating leases                               |     |     |               7.18 |   |     |     |               6.35 |   |
| Finance leases                                 |     |     |               9.48 |   |     |     |               8.43 |   |
| Weighted average discount rate(1):             |     |     |                    |   |     |     |                    |   |
| Operating leases                               |     |     |                6.4 | % |     |     |                6.5 | % |
| Finance leases                                 |     |     |                7.9 | % |     |     |                7.9 | % |

| (1) | Discount rate is the incremental borrowing rate assessed for each lease. |

Lessor We have certain operating and sales-type leases that generate operating lease income and interest income, respectively. The lease expiration dates range from 2025 to 2038, and are primarily related to managed service contracts and teleport usage. In October 2024, the Company commenced a sales-type lease with