Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 7

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 7
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 thereto. The actual values may differ from such assumptions. Non-IFRSFinancial Measures This prospectus contains certain SES unaudited financial and operating measures that are not defined or recognized under IFRS that we use to assess the performance of our business. Explanations of these measures are set out below. For example, in this prospectus, SES presents non-IFRSfinancial measures such as Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Debt, Adjusted Net Debt to Adjusted EBITDA ratio, Adjusted Net Profit, Adjusted Earnings per Share, Adjusted Free Cash Flow and Constant FX, which we use to, among other things, evaluate the performance of our operations, develop budgets, and measure our performance against those budgets. As there are no generally accepted accounting principles governing the calculation of non-IFRSfinancial and operating measures, other companies may calculate such measures differently or may use such measures for different purposes than we do, and such measures should therefore not be used to compare us against another company. The non-IFRSfinancial measures used by SES may differ from, and not be comparable to, similarly titled measures used by other companies, including Intelsat S.A. Rounding and Negative Amounts Certain figures in this prospectus, including financial data, have been rounded. Accordingly, figures shown for the same category presented in different tables may vary slightly, and figures shown as totals in certain tables 2

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

may not be an exact arithmetic aggregation of the figures which precede them, which are calculated based on unrounded figures.

In preparing the historical financial information of SES, most numerical figures are presented in millions of Euros. For the convenience of
the reader of this prospectus, certain numerical figures in this prospectus are rounded to the nearest one (1) million. As a result of this rounding, certain numerical figures presented herein may vary slightly from the corresponding numerical
figures presented in our financial statements.

In tables, negative amounts are shown between brackets. Otherwise, negative amounts may
also be shown by “–” or “negative” before the amount.

Currency Presentation

SES publishes its consolidated financial statements in euros, while Intelsat publishes its consolidated financial statements in U.S. dollars.
In this prospectus, references to “$,” “U.S. dollars” or “USD” are to the lawful currency of the United States of America and references