Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 171

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 171
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 |   |     |             |  — |   |     |             |      — |   |
| Deferred income                          |     |               |  (9 |   |     |             |      — |   |     |             |  — |   |     |             |     (9 | ) |
| Trade and other payables                 |     |               | (25 | ) |     |             |     54 |   |     |             | (8 | ) |     |             |     21 |   |
| Lease liabilities                        |     |               |   — |   |     |             |      — |   |     |             |  — |   |     |             |      — |   |
| Fixed assets suppliers                   |     |               |   — |   |     |             |      — |   |     |             |  — |   |     |             |      — |   |
| Income tax liabilities                   |     |               |   — |   |     |             |      — |   |     |             |  — |   |     |             |      — |   |
| Total current liabilities                |     |               | (34 | ) |     |             |     54 |   |     |             | (8 | ) |     |             |     12 |   |
| Total liabilities                        |     |               | (34 | ) |     |             |    585 |   |     |             | (8 | ) |     |             |    543 |   |
| Total equity and liabilities             |     |               | (30 | ) |     |             | (2,331 | ) |     |             |  — |   |     |             | (2,361 | ) |

121

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Note 4 – Acquisition-related pro forma adjustments Pro forma adjustments are based upon available information and certain preliminary estimates and assumptions, as well as certain pro forma assumptions which SES management believes are reasonable.

| A. | Consolidation adjustments |

Revenue and cost of sales recorded between the SES Group and the Intelsat Group, and receivable/payable balances due from and due to the SES Group and the Intelsat Group have been eliminated in the pro forma financial information. Revenue recorded by the SES Group in relation to the provision of satellite capacity and equipment sales to the Intelsat Group amounted to €86