Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 278

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 278
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   923 |     |      |   735 |     | 25.6%                   |
| Underlying 1 |     |      |   919 |     |      |   734 |     | 25.2%                   |
| Periodic 2   |     |      |     4 |     |      |     1 |     | n/m                     |
| Sub-total    |     |      | 1,943 |     |      | 1,781 |     | 9.1%                    |
| Underlying 1 |     |      | 1,929 |     |      | 1,780 |     | 8.4%                    |
| Periodic 2   |     |      |    14 |     |      |     1 |     | n/m                     |
| Other 3      |     |      |     1 |     |      |     1 |     | n/m                     |
| Group Total  |     |      | 1,944 |     |      | 1,782 |     | 9.1%                    |

n/m = not meaningful (a variance of more than 100% or less than -100%)

| 1 | “Underlying” revenue represents the core business of capacity sales, as well as associated services    
 and equipment. This revenue may be impacted by changes in launch schedule and satellite health status. |

| 2. | “Periodic” revenue separates revenues that are not directly related to or would distort the                          
 underlying business trends. Periodic revenue includes: the outright sale of transponders or transponder equivalents; |

F-36

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Consolidated financial statements as of and for the years ended December 31, 2023 and December 31, 2022

| accelerated revenue from hosted payloads during the course of construction; termination fees; insurance proceeds; certain interim satellite missions and other such items when material |

| 3 | Other includes revenue not directly applicable to SES Video or SES Networks |

Revenue by category The Group’s revenue analysis from the point of view of category and timing can be found below:

| 2023                                  
 € million                             |     | Revenue recognised 
 at a point in time |    |     | Revenue recognised 
 over time          |       |     | Total |       |
| Revenue from contracts with customers |     |