Business description: SES S.A.

SES S.A. has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES S.A. operates the world's only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES S.A. is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world's leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners.

SES S.A.'s video network carries over 10,900 channels and has an unparalleled reach of nearly 700 million households, delivering managed media services for both linear and non-linear content.

Number of employees: 3,830

Sales by Activity: SES S.A.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Provision of Satellite-Based Data Transmission Capacity, and Ancillary Services

1.78B 1.94B 2.03B 2B 2.63B

Geographical breakdown of sales: SES S.A.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

United States of America

554M 660M 759M 713M 1.02B

Others

326M 389M 396M 406M 553M

Germany

355M 345M 329M 321M 309M

Others ­ Europe

203M 193M 205M 205M 255M

Luxembourg

54M 49M 49M 79M 249M

United Kingdom

212M 227M 214M 203M 149M

France

78M 81M 78M 74M 89M

Executive Committee: SES S.A.

Manager TitleAgeSince
Chief Executive Officer 61 31/01/2024
Director of Finance/CFO 45 15/06/2025
Chief Operating Officer - -
Chief Tech/Sci/R&D Officer - 29/06/2023
Investor Relations Contact - -

Composition of the Board of Directors: SES S.A.

Director TitleAgeSince
Director/Board Member 53 31/12/2014
Director/Board Member 56 31/12/2014
Director/Board Member 56 15/06/2016
Chairman 68 01/04/2020
Director/Board Member 69 01/04/2020
Director/Board Member - 01/12/2021
Director/Board Member 57 06/04/2022
Director/Board Member - 23/02/2023
Director/Board Member 61 -
Director/Board Member 66 02/04/2025

Shareholders: SES S.A.

NameStocks%Valuation
Atlas Infrastructure Partners (UK) Ltd.
14.88 %
55,271,495 14.88 % 609 M €
Lazard Asset Management LLC
8.475 %
31,480,357 8.475 % 347 M €
Société Nationale de Crédit et d'Investissement SA
1.907 %
7,084,775 1.907 % 78 M €
Lazard Asset Management Pacific Co.
1.757 %
6,527,546 1.757 % 72 M €
W1m Investment Management Ltd.
0.924 %
3,432,382 0.924 % 38 M €
NameStocks%Valuation
Government of Luxembourg
63.02 %
117,053,516 63.02 % 516 M €
Société Nationale de Crédit et d'Investissement SA
30.53 %
56,699,076 30.53 % 250 M €
6.448 %
11,976,209 6.448 % 53 M €
NameStocks%Valuation
7.682 %
29,457,048 7.682 % 325 M €
6.914 %
26,510,592 6.914 % 292 M €
Government of Luxembourg
2.818 %
10,805,079 2.818 % 119 M €
Anima Sgr SpA
0.2607 %
999,807 0.2607 % 11 M €
0.0548 %
210,000 0.0548 % 2 M €

Company details: SES S.A.

SES SA

Château de Betzdorf

6815, Betzdorf

+352 710 7251

http://www.ses.com
address SES S.A.(SESG)

Group companies: SES S.A.

NameCategory and Sector
Property/Casualty Insurance
Property/Casualty Insurance
Specialty Insurance
Specialty Insurance
Specialty Telecommunications

Satellite Service Operators

Change 5-day change 1-year change 3-year change Capi.($)
+1.85%-0.48%+57.14%+72.96% 3.91B
+2.21%+2.85%-30.54%-39.79% 85.63B
-15.53%-11.96%+123.21%+1,303.92% 29.15B
+5.92%+5.75%+75.34%+93.70% 19.92B
+0.06%-0.40% - - 10.45B
+7.56%-4.39%+168.28%+521.21% 5.72B
-5.19%-0.08%+61.89%-24.58% 5.28B
+0.14%-2.52%+22.89%-50.85% 3.98B
-7.14%-5.48% - - 2.39B
+20.87%-6.46%+107.48%+228.08% 1.11B
Average -2.37%-2.28%+73.21%+263.08% 16.75B
Weighted average by Cap. -1.99%-0.40%+27.16%+256.32%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
8.250EUR
Average target price
7.820EUR
Spread / Average Target
-5.21%

Quarterly revenue - Rate of surprise

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