Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 343

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 343
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 use cash generated to maintain borrowings at an appropriate level. In case of liquidity needs, the Group can call on commercial paper programs, committed syndicated and EIB loan, uncommitted loans. In addition, if deemed appropriate based on prevailing market conditions, the Group can access additional funds through the European Medium-Term Note program. The Group’s debt maturity profile is tailored to allow the Company and its subsidiaries to cover repayment obligations as they fall due. The Group operates a centralized treasury function which manages, amongst others, the liquidity of the Group to optimize the funding costs. This is supported by a daily cash pooling mechanism. Liquidity is monitored regularly through a review of cash balances, the drawn and issued amounts and the availability of additional funding under committed credit lines, the commercial paper program and the EMTN Programme (EUR 6,752 million as of December 31, 2024 and EUR 4,560 million as of December 31, 2023—more details in Note 27). The table below summarizes the projected contractual undiscounted cash flows of the non-derivativefinancial liabilities based on the maturity profile as of December 31, 2024 and December 31, 2023.

| € million                        
 Balance as of December 31, 2024: |     | Within 
 1 year |       |     | Between       
 1 and 5 years |       |     | After   
 5 years |       |     | Total |       |
|:---------------------------------|:----|:-------|------:|:----|:--------------|------:|:----|:--------|------:|:----|:------|------:|
| Borrowings                       |     |        |   273 |     |               | 2,509 |     |         | 1,773 |     |       | 4,555 |
| Future interest commitments      |     |        |   160 |     |               |   552 |     |         |   638 |     |       | 1,350 |
| Trade and other payables         |     |        |   663 |     |               |     — |     |         |     — |     |       |   663 |
| Other long-term liabilities      |     |        |     — |     |               |    56 |     |         |     — |     |       |    56 |
| Lease liabilities                |     |        |    19 |     |               |