Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 183

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 183
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----|:----|-------------:|
| United States of America |                 |                    |          713 |     |     |          759 |     |     |          660 |
| Germany                  |                 |                    |          321 |     |     |          329 |     |     |          345 |
| United Kingdom           |                 |                    |          203 |     |     |          214 |     |     |          227 |
| France                   |                 |                    |           74 |     |     |           78 |     |     |           81 |
| Luxembourg               |                 |                    |           79 |     |     |           49 |     |     |           49 |
| Others – Europe          |                 |                    |          205 |     |     |          205 |     |     |          193 |
| Others                   |                 |                    |          406 |     |     |          396 |     |     |          389 |
| Total                    |                 |                    |        2,001 |     |     |        2,030 |     |     |        1,944 |

Factors and Trends Affecting SES’s Results of Operations We believe that the performance of our business and our results of operations are driven by various factors, including:

| • |     | rapidly increasing competition in our industry, including competition from existing satellite operators,                                                               
 competition from new entrants, and competition resulting from new satellite-based offerings in response to significant growth opportunities in the satellite industry; |

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| • |     | impact of rapid technology innovations which have facilitated the production of more capable and cost-effective                                                                                                                                    
 space-based infrastructure, enabling operators to offer an improved customer value proposition, higher data rates, better performance, greater flexibility, and scalability to quickly expand into previously unconnected markets and geographies; |

| • |     | impact of strategic transactions in our industry including mergers and acquisitions and vertical integration                        
 initiatives with the potential to unlock operational efficiencies, optimize capital expenditures, and improve return on investment; |

| • |     | continued growth in demand for reliable, high-performance data and connectivity solutions worldwide which is 
 expected to drive substantial industry growth;                                                               |

| • |     | demand for satellite capacity from defense and military agencies around the world; |

| • |     | rate of acceleration in upgrades and expansions of telecom and mobile services, as operators are looking to             
 satellite to extend their network reach by rolling out 4