Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 441

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 441
---
 |          4,074,445 |   |
| Information systems and ground segment |     |   |            762,622 |   |     |   |            910,534 |   |
| Finance lease assets                   |     |   |            589,404 |   |     |   |            588,227 |   |
| Buildings and other                    |     |   |            319,688 |   |     |   |            331,043 |   |
| Total cost                             |     |   |          5,747,602 |   |     |   |          5,904,249 |   |
| Less: accumulated depreciation         |     |   |           (971,440 | ) |     |   |         (1,439,892 | ) |
| Total                                  |     | $ |          4,776,162 |   |     | $ |          4,464,357 |   |

F-137

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83

| (1) | Certain prior period amounts have been reclassified to conform with the current period presentation. The 
 reclassification had no impact on the balance sheet.                                                     |

Satellites and other property and equipment are stated at historical cost, except for satellites that have been impaired. Satellites and other property and equipment acquired as part of an acquisition are stated based on their fair value at the date of acquisition. Upon the adoption of Fresh Start Accounting, we adjusted our satellites and other property and equipment balances to fair value. See Note 3—Fresh Start Accounting. Satellites and other property and equipment, net of accumulated depreciation as of December 31, 2023 and 2024, includes construction-in-progressof $705.5 million and $856.4 million, respectively. These amounts relate primarily to satellites under construction and related launch services. As of December 31, 2024, we have capitalized C-bandclearing related expenditures totaling $1.4 billion. Of this capitalized amount, $1.4 billion, and $66.4 million were capitalized as “Satellites and other property and equipment, net” and “Other assets,” respectively, in the consolidated balance sheets. Interest costs of $20.9 million, $82.7 million, $63.7 million and $48.6 million were capitalized for the two months ended February 28, 2022, ten months ended December