Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 297

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 297
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 to impairment testing by looking at both areas using on a regional basis and disaggregating the cash-generating units for the purpose of goodwill testing. The goodwill was allocated between the three cash-generating units (as defined above) based on the assets acquired in the above acquisitions, with the assets acquired in the GE Americom acquisition being allocated F-53

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 to ‘GEO North America’ and the assets acquired in the New Skies Satellites acquisition being allocated to ‘GEO International’. Additionally, the net assets of the Space & Defense operation—including the purchase price allocation intangibles arising on the purchase of DRS GES Inc. (‘GES’) in August 2022—were allocated between four CGUs (including MEO) based on the expected value creation. In the case of ‘GEO North America’ this aggregation level reflects the current inter-operability of spacecraft and orbital locations which can be used to serve customers in the U.S., Canada and Mexico, as well as the interdependency of the contractual arrangements for certain significant customers in those markets which mean that the associated cash flows are not largely independent of each other. ‘GEO International’ reflects the interdependency of cash flows between regions with, as an example, an increasing use of Brazilian spectrum by assets such as SES-10and SES-17which are also serving ‘International’ customers, and the fact that the Group is now also serving the Brazilian market from orbital slots other than those allocated to the unit. Management currently identifies the Group’s MEO assets and operations as a separate CGU. The Group’s business plan is approved by the Board of Directors based on consolidated data. The consolidated data is in turn based on separate data prepared for each legal entity of the Group (see Note 36). To prepare business plans for the regional CGUs, the following assumptions are made:

| • |     | GEO revenue from satellites is allocated to the GEO region primarily covered by the satellite. Non-satellite revenue is included in each CGU based on the legal entity expected to generate the revenue. MEO revenue is fully allocated to the MEO CGU. |

| • |     | Operating expenses are allocated between GEO and MEO based on a detailed analysis of the nature of the costs,      
 with a further allocation between the GEO CGUs