Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 212

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 212
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83 Intelsat’s contracted backlog as of December 31, 2023 was as follows (in thousands):

| Year Ending December 31, 
 2024                     |     | Contracted 
 Backlog    |  1,385,219 |
|:-------------------------|:----|:-----------|-----------:|
| 2025                     |     |            |    896,628 |
| 2026                     |     |            |    711,992 |
| 2027                     |     |            |    486,838 |
| 2028                     |     |            |    341,666 |
| Thereafter               |     |            |    623,476 |
| Total                    |     |            | $4,445,819 |

Intelsat’s contracted backlog by service type as of December 31, 2023 was as follows (in thousands, except percentages):

| Service Type          |     | Total |            |     | Percent  
 of Total |    |   |
|:----------------------|:----|:------|-----------:|:----|:---------|---:|:--|
| Transponder services  |     | $     |  3,193,029 |     |          | 72 | % |
| Managed services      |     |       |    530,699 |     |          | 12 | % |
| In-flight services    |     |       |    318,697 |     |          |  7 | % |
| Off-network and other |     |       |    403,394 |     |          |  9 | % |
| Total                 |     |       | $4,445,819 |     |          |    |   |

Satellite Performance Incentives Intelsat’s cost of satellite construction includes an element of deferred consideration to satellite manufacturers referred to as satellite performance incentives. Intelsat is contractually obligated to make these payments over the lives of the satellites, provided the satellites continue to operate in accordance with contractual specifications. Intelsat capitalizes the present value of these payments as part of the cost of the satellites and record a corresponding liability to the satellite manufacturers. This asset is amortized over the useful lives of the satellites. Interest expense is recognized on the deferred financing and the liability is reduced as the payments are made. Intelsat’s total satellite performance incentive payment liability as of December 31, 2022 and 2023 was $98.