Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 188

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 188
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 considering SES’s ability to appoint directors to the entity’s board, its relative shareholding compared with other shareholders, any significant contracts
or arrangements with the entity or its other shareholders and other relevant facts and circumstances. The application of this judgment in respect of SES’s investment in Yahlive, LuxGovSat, WAPS and SES Space and Defense Inc. is explained in
Note 2 to SES consolidated financial statements.

Trade receivables and unbilled accrued revenue

SES estimates expected credit losses on trade receivables and unbilled accrued revenues using a provision matrix based on loss expectancy rates
and forward-looking information. SES records additional losses if circumstances or forward-looking information cause SES to believe that an additional collectability risk exists which is not reflected in the loss expectancy rates. This is described
in Note 19 and Note 20 to SES’s consolidated financial statements.

Such estimates and assumptions are based on historical experience
and various other factors that SES believes to be reasonable in the circumstances and constitute SES’s best judgment as of the date of SES consolidated financial statements. In the future, actual experience may deviate from these estimates and
assumptions, which could affect such financial statements as the original estimates and assumptions are modified, as appropriate, in the year in which the circumstances change.

The key estimates and assumptions are set out in the accounting policies and information relating to recently issued accounting guidance can
be found at Note 2 to SES’s consolidated financial statements.

127

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

INFORMATION ABOUT INTELSAT

Intelsat operates one of the largest integrated space and terrestrial network in the world providing a critical layer in the global
communications infrastructure. Across land, sea and air, Intelsat delivers the secure, always-available, high-performance connectivity relied on by governments, businesses and billions of people every day. With nearly 60 geostationary satellites,
Intelsat provides communications services to the world’s leading media companies, telecommunications operators, the U.S. government and other military organizations. Intelsat also provides inflight internet to 25 commercial airline partners and
nearly 3,000 aircraft. Intelsat is redefining the future with the world’s first hybrid, multi-orbit, software-defined 5G network designed for simple, seamless and secure coverage. Intelsat’s principal executive offices are located at 7900
Tysons One Place McLean, VA 22102-5972,