Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 344

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 344
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:

| • |     | For GEO Europe and GEO North America, the least favorable case – a combination of lower terminal growth rate 
 and higher discount rates – would not lead to any impairment charges.                                        |

| • |     | For GEO International, a 1% decrease in the perpetuity growth rate would increase the impairment charge by EUR                                                                                        
 6 million and a 1% increase in the discount rate would increase the impairment charge by EUR 33 million; the combination of these two factors would increase the impairment charge by EUR 37 million. |

F-60

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 For the 2022 testing of GEO orbital slot license rights:

| • |     | For GEO Europe, the least favorable case – a combination of lower terminal growth rate and higher discount 
 rates – would not lead to any impairment charges.                                                          |

| • |     | For GEO North America, a 1% decrease in the perpetuity growth rate would increase the impairment charge by EUR                                                                                        
 3 million and a 1% increase in the discount rate would increase the impairment charge by EUR 22 million; the combination of these two factors would increase the impairment charge by EUR 24 million. |

| • |     | For GEO International, a 1% decrease in the perpetuity growth rate would increase the impairment charge by EUR                                                                                         
 11 million and a 1% increase in the discount rate would increase the impairment charge by EUR 45 million; the combination of these two factors would increase the impairment charge by EUR 54 million. |

| iii | Definite-life intangible assets |

The definite-life intangible assets as at December 31, 2024 have a net book value by country as presented below:

|                          |     |           2024 |     |     |               |     |     |       |    |
| € million                |     |   Orbital slot 
 license rights |     |     | Customer      
 relationships |     |     | Other |    |
| United States of America |     |                | 116 |     |               | 226 |     |       |  8 |
| Luxembourg               |     |                | 143 |     |               |   — |     |       | 44 |
| Netherlands              |     |                | 169 |     |               |   — |     |       |