Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 50

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 50
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 failures and satellite collisions) is subject to a single limit of €400 million of coverage for any one occurrence. Losses arising from any of the factors in this paragraph could result in material increases in costs or reductions in expected revenue and profits, either of which could have a material adverse effect on SES’s business, financial condition and results of operations. SES may not be successful in renewing its existing commercial agreements, or in renewing them on terms that are similar to their current terms. SES’s commercial contracts vary in length. Contracts with customers can vary significantly in term. If SES is unsuccessful in obtaining the renewal of its commercial agreements when they come up for renewal or is unable to obtain commercial terms similar to those currently reflected in its agreements, such as due to budget cuts affecting governmental or other customers, revenue could be adversely affected for some time. 34

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 The inability to renew commercial agreements on terms as favorable as existing agreements could have a material adverse effect on SES’s business, financial condition and results of operations. SES relies on information systems, satellite control and operations networks and other technology, and a disruption or failure of such systems, networks or technology as a result of unauthorized access, misappropriation of data or other malfeasance may disrupt SES’s business. Information systems, satellite control, operations and communication networks and other technologies are critical to SES’s operating activities and the fulfilment of its commercial obligations to its customers. SES’s operations may be subject to hacking, malware and other forms of cyber-attacks. Due to the high sophistication of certain attackers and an increasing number of cyber-attacks, it may not always be possible to prevent every such event. Any such event could have an adverse impact on SES’s operations, including service disruption or malfunctions, loss of customers, non-compliancewith legal and regulatory requirements, inadvertent violations of data protection, export control and other relevant laws, damage to SES’s reputation or result in damage to SES’s properties, equipment and data. Such an event also could result in large expenditures necessary to repair or replace such networks or information systems or to protect them from similar events in the future. Third parties may also experience errors or disruptions that could adversely impact SES’s business operations and over which SES has limited control. SES could be exposed to significant costs, fines and penalties if such risks were to materialize, and such events could damage SES’s reputation and credibility and have a negative impact on its revenue. The occurrence