Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 8

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 8
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 operations,
develop budgets, and measure our performance against those budgets. As there are no generally accepted accounting principles governing the calculation of pro forma non-IFRS financial and operating measures, other companies may calculate such
measures differently or may use such measures for different purposes than we do, and such measures should therefore not be used to compare us against another company. These measures may not be indicative of our historical operating results or
financial condition, nor are such measures meant to be predictive of our future results or financial condition.

We believe that the above
non-IFRS financial measures and pro forma non-IFRS measures (collectively, the “non-IFRS measures”) assist in evaluating our trading performance, as these measures are regularly used by security analysts, institutional investors and other
interested parties in analyzing operating performance and prospects. These non-IFRS measures are used by different companies for differing purposes and are often calculated in ways that reflect the circumstances of those companies. You should
exercise caution in comparing these measures reported by us to such measures or other similar measures as reported by other companies. Investors should not consider these non-IFRS measures (a) as a substitute for operating results (as determined in
accordance with IFRS) or as a measure of our operating performance, (b) as a substitute for cash flow from or used in operating, investing and financing activities (as determined in accordance with IFRS) or as a measure of our ability to meet cash
needs or (c) as a substitute for any other measure of performance under IFRS. These measures may not be indicative of our historical operating results or financial condition, nor are such measures meant to be predictive of our future results or
financial condition.

The non-IFRS financial measures used by SES may differ from, and not be
comparable to, similarly titled measures used by other companies, including Intelsat S.A.

Rounding and Negative Amounts

Certain figures in this prospectus, including financial data, have been rounded. Accordingly, figures shown for the same category presented in
different tables may vary slightly, and figures shown as totals in certain tables may not be an exact arithmetic aggregation of the figures which precede them, which are calculated based on unrounded figures.

In preparing the historical financial information of SES, most numerical figures are presented in millions of Euros. For the convenience of
the reader of this prospectus, certain numerical figures in this prospectus are

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Confidential Treatment Requested by SES

Purs