Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 279

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 279
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 | 59 |     |                    | 1,971 |     |       | 2,030 |
| Total                                 |     |                    | 59 |     |                    | 1,971 |     |       | 2,030 |

| 2022                                  
 € million                             |     | Revenue recognised 
 at a point in time |    |     | Revenue recognised 
 over time          |       |     | Total |       |
| Revenue from contracts with customers |     |                    | 49 |     |                    | 1,895 |     |       | 1,944 |
| Total                                 |     |                    | 49 |     |                    | 1,895 |     |       | 1,944 |

Revenue from contracts with customers recognized at a point in time is related to sales of equipment and amounts to EUR 59 million in 2023 (2022: EUR 49 million). Remaining performance obligations Our remaining performance obligations, which the Group refers to as revenue “backlog”, represent our expected future revenues under existing customer contracts and include both cancellable and non-cancellablecontracts. The backlog was EUR 5.2 billion as of December 31, 2023 (2022: EUR 5.9 billion), EUR 4.3 billion (2022: EUR 4.8 billion) of which related to ‘protected’ (that is, non-cancellable)backlog and EUR 911 million (2022: EUR 1.1 billion) of which related to ‘unprotected’ (cancellable) backlog. Approximately 32% of the backlog is expected to be recognized as revenue in 2024, approximately 22% in 2025, and approximately 17% in 2026, with the remaining thereafter. Protected backlog includes non-cancellablecontracts and cancellable contracts with substantive termination fees. For contracts with termination options that do not have substantive termination fees, protected backlog also includes contract periods up to the first optional termination date. Unprotected backlog includes revenue from contracts that are cancellable and not subject to substantive termination fees. Revenue by country The Group’s revenue from external customers analyzed by country using the customer’s billing address is as follows:

| € million                            |     | 2023 |       |     | 2022 |       |
| Luxembourg (SES country of domicile) |     |      |    49 |     |      |    49 |
| United States of America             |     |      |   759 |     |