Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 249

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 249
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2026                     |     |            |    926 |
| 2027                     |     |            |    613 |
| 2028                     |     |            |    433 |
| 2029                     |     |            |    347 |
| Thereafter               |     |            |    464 |
| Total                    |     |            | $4,202 |

191

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Intelsat’s contracted backlog by service type as of December 31, 2024 was as follows (in millions, except percentages):

| Service Type          |     | Total |        |     | Percent  
 of Total |    |   |
|:----------------------|:----|:------|-------:|:----|:---------|---:|:--|
| Transponder services  |     | $     |  2,663 |     |          | 63 | % |
| In-flight services    |     |       |    804 |     |          | 20 | % |
| Managed services      |     |       |    384 |     |          |  9 | % |
| Off-network and other |     |       |    351 |     |          |  8 | % |
| Total                 |     |       | $4,202 |     |          |    |   |

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, 2023 and 2024 was $107.1 million and $91.4 million, respectively. Capital Expenditures Intelsat’s capital expenditures depend on its business strategies and reflect its commercial responses to opportunities and trends in its industry. Intelsat’s actual capital expenditures may differ from its expected capital expenditures if, among other things, it enters into any currently unplanned strategic transactions