Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 179

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 179
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 million) |     |            |  72.9 |     |          |  72.9 |
| Total                       |     |            | 424.6 |     |          | 424.6 |

Since the Acquisition did not result in the issuance of new shares, the weighted average number of shares used for pro forma financial information remains consistent with historical data. 126

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

INFORMATION ABOUT SES

Business Overview

Founded in 1985, under
the laws of the Grand Duchy of Luxembourg, SES is an industry-leader in space-based communications. For over 35 years, SES has been a trusted partner to world-leading telecommunications companies, mobile network operators, governments, institutions,
internet service providers, cloud-based solutions businesses, broadcasters, video platform operators, and content owners. SES operates a multi-orbit satellite-based infrastructure across geostationary and medium earth orbits, that covers over 99% of
the earth and delivers an attractive combination of high data rates, low latency, service reliability, and flexibility to meet our customers’ requirements worldwide. SES also provides access to LEO via its partnerships.

Competition

SES operates in a
highly competitive and dynamic market and competition from new entrants and new satellite-based offerings is increasing in response to significant growth opportunities in our industry. SES and many of its competitors are growing their capabilities
with launches of high throughput Satellite offerings in GEO and new satellite constellations in MEO and LEO. Each of these offerings have different capabilities and represent varying value propositions and strategic focus areas across a variety of
target markets and applications.

Technology innovations have facilitated the production of more capable and cost-effective space-based
infrastructure, enabling operators to offer an improved customer value proposition with more value for money, higher data rates, better performance, greater flexibility, and scalability to quickly expand into previously unconnected markets and
geographies. In turn, many of these innovations are delivering profitable growth and attractive return on investment prospects for our industry. At the same time, the sector is seeing consolidation among incumbent satellite operators where there is
a logic to increasing scale, unlocking operational efficiencies, optimizing capital expenditures, improving return on investment, and delivering better services for customers. Satellite operators are also seeking to get closer and more integral to
customers in their target market segments through vertical integration initiatives, such as our own acquisition of DRS Global Enterprise Solutions in 2022.

SES’s