Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 345

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 345
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    17 |     |               |    19 |     |         |     9 |     |       |    45 |
| Fixed assets suppliers           |     |        |   455 |     |               |   313 |     |         |     — |     |       |   768 |
| Total maturity profile           |     |        | 1,680 |     |               | 2,751 |     |         | 2,068 |     |       | 6,499 |

| 2. | Foreign currency risk |

SES is active in markets outside the Eurozone, with business operations in many locations throughout the world. The Group’s main exposures to foreign currency at the end of the reporting period are in respect of balances denominated in US dollars related to cash and cash equivalents (2024: EUR 2,338 million; 2023: EUR 2,169 million), intercompany balances (2024: EUR -2,048 million;2023: EUR -1,859million) and fixed assets suppliers (2024: EUR -192 million;2023: EUR -342million). F-66

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 The aggregate net foreign exchange gains/ losses recognized in profit or loss were:

|                                                                     |     | 2024 |    |   |     | 2023 |    |     | 2022 |    |   |
| Net foreign exchange gain included in main currencies               |     |      |  2 |   |     |      |  3 |     |      | 40 |   |
| Net foreign exchange gain/ (loss) included in other currencies      |     |      | (1 | ) |     |      |  2 |     |      | (3 | ) |
| Net foreign exchange gain included in foreign exchange transactions |     |      |  4 |   |     |      |  8 |     |      |  8 |   |
| Total                                                               |     |      |  5 |   |     |      | 13 |     |      | 45 |   |

SES uses certain financial instruments to manage its exposure to fluctuations in foreign currency exposure rates. Examples used to mitigate such exposures are the spot or forward buying and selling of foreign currencies, creating natural hedges (for example intercompany loans