Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 412

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 412
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   |     |     |        As of 
 December 31, 
         2023 |   |
|:-----------------------------------------------|:----|:----|-------------:|:--|:----|:----|-------------:|:--|
| Weighted average remaining lease term (years): |     |     |              |   |     |     |              |   |
| Operating leases                               |     |     |         7.03 |   |     |     |         7.18 |   |
| Finance leases                                 |     |     |         6.47 |   |     |     |         9.48 |   |
| Weighted average discount rate(1):             |     |     |              |   |     |     |              |   |
| Operating leases                               |     |     |          6.1 | % |     |     |          6.4 | % |
| Finance leases                                 |     |     |          5.8 | % |     |     |          7.9 | % |

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

F-150

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Lessor We have certain operating and sales-type leases that generate insignificant operating lease income and interest income, respectively. The lease expiration dates range from 2024 to 2038, and are primarily related to managed service contracts and teleport usage. In February 2022, the Company entered into a sales-type lease with an expiration date of February 14, 2027, with two one-yearrenewal options. We evaluated the lease and determined that it contains lease and non-leasecomponents. The leased assets are not expected to have any residual value, and no interest income will be recognized under the lease as consideration was received upfront. For the two months ended February 28, 2022, the Company recorded revenue and direct costs of revenue of $12.3 million and $9.5 million, respectively, resulting in net income at commencement of the sales-type lease of approximately $2.8 million. In September 2023, the Company entered into amendments to update the expiration date of the sales-type lease to January 31, 2024. In September 2022, the Company entered into a sales-type lease with an expiration date of December 31, 2026, with two two-yearrenewal