Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 355

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 355
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 of recovery. The Group’s largest customers are large media companies and government agencies, and hence the credit risk associated with these contracts is assessed as low. The Company calculates loss expectancy rates based on the history of losses to create a provision matrix. On that basis, the provision as of December 31, 2024 and December 31, 2023 is as follows: € million

| December 31, 2024                         |     | Current |     |   |     | Less   
 than 1 
 month  |     |   |     | Between 
 1 and 3 
 months  |     |   |     | More     
 than     
 3 months |      |   |     | Total |     |
|:------------------------------------------|:----|:--------|----:|:--|:----|:-------|----:|:--|:----|:--------|----:|:--|:----|:---------|-----:|:--|:----|:------|----:|
| Average expected loss rate (by portfolio) |     |         | 2.8 | % |     |        | 3.9 | % |     |         | 7.0 | % |     |          | 13.1 | % |     |       |     |
| Gross carrying amount – trade receivables |     |         | 208 |   |     |        |  51 |   |     |         |  38 |   |     |          |  133 |   |     |       | 430 |
| Provision                                 |     |         |   2 |   |     |        |   — |   |     |         |   — |   |     |          |   14 |   |     |       |  16 |

| December 31, 2023                         |     | Current |     |   |     | Less   
 than 1 
 month  |     |   |     | Between 
 1 and 3 
 months  |     |   |     | More     
 than     
 3 months |     |   |     | Total |     |
|:------------------------------------------|:----|:--------|----:|:--|:----|:-------|----:|:--|:----|:--------|----:|:--|:----|:---------|----:|:--|:----|:------|----:|
| Average expected loss