Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 386

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 386
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 in accordance with GAAS
will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the
consolidated financial statements.

F-100

In performing an audit in accordance with GAAS, we:

| • |     | Exercise professional judgment and maintain professional skepticism throughout the audit. |

| • |     | Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to                                                                                                                 
 fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. |

| • |     | Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are                                                                        
 appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. Accordingly, no such opinion is expressed. |

| • |     | Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting            
 estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements. |

| • |     | Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise    
 substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time. |

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit. Required Supplementary Information U.S. generally accepted accounting principles require that the condensed consolidated information on pages F-168to F-173 be presented to supplement the basic consolidated financial statements. Such information is the responsibility of management and, although not a part of the basic consolidated financial statements, is required by the Company’s credit agreements which consider it to be an essential part of financial reporting for placing the basic consolidated financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS, which consisted of inquiries of management about the methods of preparing the information and comparing