Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 392

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 392
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 other assets” in the consolidated statements of operations.

(b) Galaxy 30 Anomaly

Galaxy 30,
the first satellite in Intelsat’s Galaxy fleet refresh plan, was successfully launched on August 15, 2020 and entered into service in February 2021. In September 2021, the Company was notified by the satellite manufacturer that two
satellite thrusters were damaged during launch due to a fairing anomaly. As a result, the estimated end of service life for Galaxy 30 was updated from 2035 to 2033. The Company filed an insurance claim related to the anomaly in October 2021 for
$20.8 million, which was received in full during the ten months ended December 31, 2022. These amounts are included within “Other income (expense), net” in our consolidated statements of operations.

(c) Galaxy 15 Anomaly

In April
2010, our Galaxy 15 satellite experienced an anomaly resulting in our inability to command the satellite or to receive telemetry, and in December 2010, we recovered command of the spacecraft and have subsequently uploaded flight software code to
protect against future anomalies of this type.

On August 10, 2022, the Galaxy 15 satellite experienced an anomaly, likely during
space weather activity, resulting in our inability to command the satellite. A failure review board convened with the satellite’s manufacturer, Northrop Grumman (formerly Orbital Sciences Corporation), and concluded that the anomaly is similar
to the one encountered in April 2010.

We recorded an impairment charge of the full carrying value of approximately $5.2 million in
the third quarter of 2022. There has been no impact to customer services, and we have migrated all customers originally on Galaxy 15 to other satellites in our network. The Galaxy 15 satellite was replaced by the Galaxy 33 satellite in the fourth
quarter of 2022.

On March 7, 2023, we recovered command and telemetry of the Galaxy 15 satellite and were able to stop the drift of
the satellite across the geostationary orbit. We decommissioned the satellite on June 6, 2023.

(d) Intelsat 19 Anomaly

In February 2024, the Intelsat 19 satellite experienced a degradation of the power system, which required us to turn off a portion of the
payload on the satellite and to suspend or terminate impacted services for certain customers in an effort to preserve power. We are in