Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 424

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 424
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.R. Section 200.83 The Company is in scope of the enacted or substantively enacted legislation and is in initial stages of assessing our potential exposure to Pillar Two income taxes. The assessment of the potential exposure to Pillar Two income taxes is based on the most recent tax filings, country-by-countryreporting and financial statements for the constituent entities in the Company. Based on the assessment, the Pillar Two effective tax rates in most of the jurisdictions in which the Company operates are above 15%. However, there are a limited number of jurisdictions where the transitional safe harbor relief does not apply and the Pillar Two effective tax rate is close to 15%. The Company does not expect a material exposure to Pillar Two income taxes in those jurisdictions. Note 14—Contractual Commitments In the further development and operation of our commercial global communications satellite system, significant additional expenditures are anticipated. In connection with these and other expenditures, we have a significant amount of debt, as described in Note 9—Debt, and lease commitments, as described in Note 11—Leases. In addition to these debt and related interest obligations and lease commitments, we have expenditures represented by other contractual commitments. The additional expenditures as of December 31, 2023 and the expected year of payment are as follows (in thousands):

| Year Ended December 31,       |     | Satellite    
 Construction 
 and Launch   
 Obligations  |         |     | Satellite    
 Capacity and 
 Teleport     
 Commitments  |         |     | Satellite   
 Performance 
 Incentive   
 Obligations |         |     | Horizons 3     
 and Horizons 4 
 Contribution   
 and            
 Purchase       
 Obligations(1) |         |     | Total |           |
|:------------------------------|:----|:-------------|--------:|:----|:-------------|--------:|:----|:------------|--------:|:----|:---------------|--------:|:----|:------|----------:|
| 2024                          |     | $            | 251,838 |     | $            | 173,820 |     | $           |  23,665 |     | $              |  40,159 |     | $     |   489,482 |
| 2025                          |     |              | 173,917 |     |              | 110,447 |     |             |  21,794 |     |                |  44,211 |     |