Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 159

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 159
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 to build sustainable communities. SES aims to drive SES’s connectivity in developing nations and support communities in crisis with disaster response capabilities. |

Although SES does not manufacture or launch spacecrafts but contracts with third party providers for these services it, however, applies a responsible fleet management approach together with its satellite manufacturer to mitigate the environmental impact and to minimize space debris resulting from its operations. SES has started to undergo Lifecycle Assessments of its satellites with the first one completing in 2023. SES has worked on expanding its understanding of its greenhouse gas footprint and has expanded the categories it reports on in Scope 3 emissions (i.e., emissions that are not produced by SES, but by those it is indirectly responsible for), while validating the data reported on in Scope 1 (i.e., emissions from sources that SES owns or controls directly) and Scope 2 emissions (i.e. emissions that SES causes indirectly). SES is seeing an overall downward trend in its Scope 1 and 2 emissions due to energy efficiency investments and the purchase of green energy in its major teleports. SES is continuing to expand its green energy investments with solar installations being included in 3 of its sites in 2024. Competition SES operates in a highly competitive and dynamic market and competition from new entrants and new satellite-based offerings is increasing in response to significant growth opportunities in our industry. SES and 102

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

many of its competitors are growing their capabilities with launches of high throughput Satellite offerings in GEO and new satellite constellations in MEO and LEO. Each of these offerings have
different capabilities and represent varying value propositions and strategic focus areas across a variety of target markets and applications.

Technology innovations have facilitated the production of more capable and cost-effective space-based infrastructure, enabling operators to
offer an improved customer value proposition with more value for money, higher data rates, better performance, greater flexibility, and scalability to quickly expand into previously unconnected markets and geographies. In turn, many of these
innovations are delivering profitable growth and attractive return on investment prospects for our industry. At the same time, the sector is seeing consolidation among incumbent satellite operators where there is a logic to increasing scale,
unlocking operational efficiencies, optimizing capital expenditures, improving return on investment, and delivering better services for customers. Satellite operators are also seeking to get closer and more integral to customers in their target
market segments through vertical integration initiatives, such as our own acquisition of DRS