Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 465

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 465
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|------:|:--|:----|:-------|------:|:--|:----|:--------------------|-----------:|:--|:----|:--------------------|-----------:|:--|
| Balance at December 31, 2024    |     | Intelsat S.A. & Subsidiaries    |     |                  |  68.4 |   |     | $      |   684 |   |     | $                   |  3,656,251 |   |     | $                   |  3,656,935 |   |
| Common shares of other entities |     | All other entities(1)           |     |                  | (68.4 | ) |     |        |  (684 | ) |     |                     |          — |   |     |                     |       (684 | ) |
| Other shareholders’ deficit     |     | All other entities(1)           |     |                  |     — |   |     |        |     — |   |     |                     | (3,656,251 | ) |     |                     | (3,656,251 | ) |
| Consolidation and eliminations  |     | Eliminations                    |     |                  | 102.5 |   |     |        | 1,025 |   |     |                     |  4,328,661 |   |     |                     |  4,329,686 |   |
| Balance at December 31, 2024    |     | Intelsat Jackson & Subsidiaries |     |                  | 102.5 |   |     | $      | 1,025 |   |     | $                   |  4,328,661 |   |     | $                   |  4,329,686 |   |

| (1) | Represents Intelsat S.A. and other parent companies. |

(Certain totals may not sum due to rounding) F-172

INTELSAT S.A. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2024 (in thousands)

|                                                                               |     | Intelsat S.A. and Other 
 Parent Companies        |          |   |     | Intelsat Jackson and 
 Subsidiaries         |           |   |     | Consolidated |           |   |