Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 47

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 47
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 date, any launch failure or delay could cause SES to lose customers to competing satellite operators. Even where launch failures or delays are remedied, such failures or delays could damage SES’s reputation. Satellite launch and in-orbitinsurance policies generally do not compensate for lost revenue due to the loss of customers to competitors because of interruption to services or for consequential losses resulting from any launch delay or failure. The occurrence of launch failures and launch delays could therefore have a material adverse effect on SES’s business, financial condition and results of operations. SES’s satellites may experience in-orbitdestruction, damage or other failures or degradations in performance that could impair the satellites’ commercial performance. A satellite may suffer in-orbitfailures ranging from a partial impairment of its commercial capabilities to a total loss of the asset. Such failure may result in SES not being able to continue to provide service to some of its customers. Satellite malfunctions, commonly referred to as anomalies, can occur as a result of:

| • |     | the satellite manufacturer’s error, including an undetected design, manufacturing or assembly defect, or the 
 use of a new technology that proves to be faulty;                                                            |

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| • |     | problems with the satellite’s power systems, including circuit failures or other array degradation causing 
 reductions in the power output of the solar arrays on the satellites;                                      |

| • |     | problems with the satellite’s control systems; or |

| • |     | general failures, including premature component failure. |

| • |     | certain of SES’s satellites have experienced, and may in the future experience, anomalies or failures, which 
 could lead to:                                                                                               |

| • |     | a degradation in commercial performance; |

| • |     | a reduction in transmission capacity; |

| • |     | a reduction in the satellite’s operational life; |

| • |     | outages; |

| • |     | a reduction in the quantity of operating transponders; or |

| • |     | the total loss of a satellite. |

These anomalies or failures could result in lost revenue until a replacement satellite is launched and could result in increased expenses to replace the satellite. In addition, to the extent that SES has multiple satellites with similar design, problems experienced with one satellite may be experienced with other satellites. In the event of a GEO satellite failure, SES may not be able to continue to provide service to its customers from the same orbital position or at all, which could harm SES’s reputation and adversely affect its ability