Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 199

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 199
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 downgrades, the termination of services and service transfers to managed                         
 services, partially offset by new services, capacity upgrades, an increase in equipment sales and service transfers from managed services.                                                                                         |

| • |     | Managed services—an aggregate increase of $19.2 million, primarily due to a $14.6 million                                                                                                                                                               
 net increase in revenue from mobility customers, a $14.0 million net increase in revenue from government customers and a $12.5 million net increase in revenue from network services customers, partially offset by a $22.3 million net                 
 decrease in revenue from media customers. The increase in revenue from mobility customers, government customers and network services customers was primarily driven by new services, capacity upgrades, service transfers from transponder services and 
 an increase in equipment sales, partially offset by non-renewals capacity downgrades and service transfers to transponder services. The decrease in revenue from media customers was mainly driven by service                                           
 transfers to transponder services, non-renewals, capacity downgrades and the termination of services.                                                                                                                                                   |

Off-networkand Other Revenues:

| • |     | Transponder, MSS and other off-network services—an aggregate                                                                                                                                                                                 
 decrease of $12.9 million, primarily attributable to a $12.3 million net decrease in revenue from media customers, a $9.1 million net decrease in revenue from mobility customers, and a $6.1 million net decrease in revenue from           
 network services customers, partially offset by a $14.6 million net increase in revenue from government customers. The decrease in revenue from media customers, mobility customers and network services customers was primarily driven by a 
 decrease in equipment sales, non-renewals and service transfers to transponder services. The increase in revenue from government customers was primarily driven by capacity upgrades.                                                        |

| • |     | Satellite-related services—an aggregate increase of $15.9 million, reflecting increased revenue                                                           
 from professional services supporting third-party satellites, primarily related to teleport relocation services in 2023 with no similar activity in 2022. |

136

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 In-flightServices Revenues:

| • |     | Services—an aggregate increase of $37.7 million, primarily attributable to increased usage                                                              
 during the year ended December 31, 2023 as compared to the year ended December 31, 2022, along with new product offerings resulting in increased usage. |

| • |     | Equipment