Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 250

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 250
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. Levels of capital spending from one year to the next are also influenced by the nature of the satellite life cycle and by the capital-intensive nature of the satellite industry. For example, Intelsat incurs significant capital expenditures during the years in which satellites are under construction. Intelsat typically procures a new satellite within a timeframe that would allow the satellite to be deployed at least one year prior to the end of the service life of the satellite to be replaced. As a result, Intelsat frequently experiences significant variances in its capital expenditures from year to year. Payments for satellites and other property and equipment during the year ended December 31, 2024 were $376.1 million. Intelsat intends to fund its capital expenditure requirements through cash on hand and cash provided by operating activities. The following table compares Intelsat’s satellite-related capital expenditures to total capital expenditures from 2023 through 2024 (in thousands).

| Year  
 2023  
 2024  |     | Satellite-Related    
 Capital Expenditures | 350,777 
 210,869 |     | Total Capital 
 Expenditures  | 584,253 
 376,122 |
|:------|:----|:---------------------|--------:|:----|:--------------|--------:|
| Total |     | $                    | 561,646 |     | $             | 960,375 |

Off-BalanceSheet Arrangements Other than disclosed elsewhere in this prospectus, Intelsat has no material off-balancesheet arrangements that have or are reasonably likely to have a current or future effect or change on Intelsat’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources. 192

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Contractual Obligations The following information details Intelsat’s commitments for obligations as of December 31, 2024, that are not included in the Notes to Consolidated Financial Statements of the Intelsat audited financial statements for the year ended December 31, 2024 included elsewhere in this prospectus: Secured Debt.Interest payments of $195.0 million, $195.0 million, $195.0 million, $195.0 million, $195.0 million and $96.5 million are due in the years 2025, 2026, 2027, 2028, 2029 and thereafter,