Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 162

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 162
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 both the Group and other consortium members and subcontractors. In the event of an early termination of the
Concession Agreement for IRIS, the Group has a contractual commitment to refund the European Commission any residual portion of the EUR 300 million Pre-financing which is unused or uncleared
against milestones accepted in accordance with the Concession Agreement.

On December 17, 2024, SES successfully launched O3b mPOWER
satellites seven and eight. Both satellites will join the first six O3b mPOWER spacecraft already in operation at medium Earth orbit (MEO), adding incremental capacity to the initial O3b mPOWER constellation by mid-2025. The seventh and eighth O3b
mPOWER satellites feature redesigned payload power modules and will bolster SES’s second-generation MEO system to continue delivering high-throughput and predictable low-latency services at scale.

On January 23, 2025, SES announced it had repurchased in the open market an aggregate amount of €99,978,000 principal amount of its
€625,000,000 Deeply Subordinated Fixed Rate Resettable securities issued on May 27, 2021. In accordance with the terms and conditions of the securities, the purchased securities will be cancelled. Following these transactions, the outstanding
principal amount of the securities is €525,022,000. Payment in relation to the securities will be made in accordance with the usual procedures of Clearstream, Luxembourg, and/or Euroclear. The success of these transactions reduces SES’s
outstanding debt obligation, demonstrating SES’s financial flexibility and its strong cash-generation profile.

About SES’s Business Units

SES does business in one operating segment, namely the provision of satellite-based data transmission capacity, and
ancillary services, to customers around the world.

The Senior Leadership Team, which is the chief operating decision-making committee in
SES’s corporate governance structure, reviews SES’s financial reporting and generates proposals for the allocation of SES’s resources which are submitted for validation to the SES Board. Additionally, SES provides revenue information
on a more disaggregated basis, namely split into its two business units – Networks and Video.

Networks

SES’s Networks business unit is focused on delivering secure, reliable, and high-performing connectivity products and services to
customers across three sub-units—Government, Fixed Data, and Mobility.

SES’s Government
sub-unit delivers secure and reliable connectivity to support mission-critical requirements of government agencies and institutions in the most demanding locations worldwide. Our Government sub-unit accounted for 50%