Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 287

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 287
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2 | Calculated as 17% of adjusted loss attributable to owners of the parent, based on the weight of the Class B 
 weighted average number of shares out of the total shares.                                                  |

Assumed coupon accruals of EUR 36 million (net of tax) for the year ended December 31, 2023 (2022: EUR 36 million) related to the Perpetual Bonds in issue have been considered for the calculation of the basic and diluted earnings available for distribution. The weighted average number of shares based on the capital structure of the Company as described in Note 22, net of own shares held, for calculating basic earnings per share was as follows:

|                             |     | 2023 |       |     | 2022 |       |
| Class A shares (in million) |     |      | 364.8 |     |      | 364.1 |
| Class B shares (in million) |     |      | 185.7 |     |      | 185.8 |
| Total                       |     |      | 550.5 |     |      | 549.9 |

Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares which are primarily related to the share-based compensation plans. A calculation is done to determine the number of shares that could have been acquired at fair value based on the monetary value of the subscription rights attached to outstanding share options. The number of shares calculated as above is compared with the number of shares that would have been issued assuming the exercise of the share options and the difference, if it results in a dilutive effect, is considered to adjust the weighted average number of shares. For 2023, a diluted loss per Class A share of EUR (2.12) (2022: diluted loss of EUR 0.16), and EUR (0.85) per Class B share (2022: diluted loss of EUR 0.06) have been calculated as follows:

| € million                                      |     | 2023 |      |   |     | 2022 |     |   |
| Loss attributable to owners of the parent      |     |      | (905 | ) |     |      | (34 | ) |
| Assumed coupon on Perpetual Bonds (net of tax) |     |      | (36  | ) |     |      | (36 | ) |
| Total                                          |     |      |