Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 345

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 345
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 |   |     |      |   750 |   |
| Total                                         |     |      |   250 |   |     |      |   750 |   |
| Hedged proportion                             |     |      |    12 | % |     |      |    34 | % |

F-67

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 The following table demonstrates the sensitivity to a +/- 20% change in the US dollar exchange rate on the nominal amount of the Group’s US dollar net investment, with all other variables held constant. All value changes are eligible to be recorded in other comprehensive income with no impact on profit and loss. 2024 was marked by EUR/USD fluctuation. The macro-outlook and global uncertainties along with worries regarding high energy prices and inflation result in the maintenance of a wide sensitivity range.

| December 31, 2024                             |     | Amount in   
 USD million |       |   |     | Amount in EUR      
 million at closing 
 rate of 1.04       |       |     | Amount in EUR   
 million at rate 
 of 1.25         |       |   |     | Amount in EUR   
 million at rate 
 of 0.83         |       |
|:----------------------------------------------|:----|:------------|------:|:--|:----|:-------------------|------:|:----|:----------------|------:|:--|:----|:----------------|------:|
| USD statement of financial position exposure: |     |             |       |   |     |                    |       |     |                 |       |   |     |                 |       |
| SES Americas                                  |     |             |   225 |   |     |                    |   217 |     |                 |   180 |   |     |                 |   272 |
| SES Netherlands                               |     |             | 1,797 |   |     |                    | 1,730 |     |                 | 1,438 |   |     |                 | 2,166 |
| MX1 Limited, Israel                           |     |             |    17 |   |     |                    |    16 |     |                 |    14 |   |     |                 |