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EXTRAORDINARY AMAZING EVERYWHERE ANNUAL REPORT 2019 Worldreginfo - 1394E483-4B53-46E7-8E49-A5f1b37f26c8 2 SES ANNUAL REPORT 2019 COMPANY OUR 1 for Allourstakeholders

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EXTRAORDINARY AMAZING EVERYWHERE ANNUAL REPORT 2019 Worldreginfo - 1394E483-4B53-46E7-8E49-A5f1b37f26c8 2 SES ANNUAL REPORT 2019 COMPANY OUR 1 for Allourstakeholders EXTRAORDINARY AMAZING EVERYWHERE ANNUAL REPORT 2019 WorldReginfo - 1394e483-4b53-46e7-8e49-a5f1b37f26c8 1 2 3 4 5 OUR OPERATIONAL CONSOLIDATED SES S.A. ANNUAL ADDITIONAL COMPANY AND STRATEGIC FINANCIAL ACCOUNTS INFORMATION REPORT STATEMENTS OUR PURPOSE OUR AMBITIONS We believe in content and WE DO THE connectivity everywhere We provide Cloud-enabled, EXTRAORDINARY satellite-based intelligent IN SPACE connectivity We are future-proof, powered by TO DELIVER sustained growth and innovation AMAZING We are passionate about customer experience and focused on customer EXPERIENCES success EVERYWHERE SES is a great place to work We are here to make a ON EARTH difference We are part of something bigger and what we do makes a difference. Our purpose and ambitions reflect what we at SES want to achieve and the value that we seek to create for all our stakeholders. ANNUAL REPORT 2019 REPORT ANNUAL SES 2 WorldReginfo - 1394e483-4b53-46e7-8e49-a5f1b37f26c8 1 2 3 4 5 OUR OPERATIONAL CONSOLIDATED SES S.A. ANNUAL ADDITIONAL COMPANY AND STRATEGIC FINANCIAL ACCOUNTS INFORMATION REPORT STATEMENTS 1 OUR COMPANY 4 Leader in global content connectivity solutions 6 Significant demand for global content connectivity solutions 8 Doing the extraordinary in space 10 Delivering amazing experiences everywhere on Earth 12 Making a difference to billions all around the world 14 Our talented people are at the heart of everything we do 16 Generating sustained growth 18 A long history of innovation ANNUAL REPORT 2019 REPORT ANNUAL SES 3 WorldReginfo - 1394e483-4b53-46e7-8e49-a5f1b37f26c8 1 2 3 4 5 OUR OPERATIONAL CONSOLIDATED SES S.A. ANNUAL ADDITIONAL COMPANY AND STRATEGIC FINANCIAL ACCOUNTS INFORMATION REPORT STATEMENTS LEADER IN GLOBAL CONTENT CONNECTIVITY SOLUTIONS “ At SES, we believe you should have the freedom to take your story wherever you want it to go—unlimited by geography, technology, or even gravity.” Steve Collar, SES CEO ANNUAL REPORT 2019 REPORT ANNUAL SES 4 WorldReginfo - 1394e483-4b53-46e7-8e49-a5f1b37f26c8 1 2 3 4 5 OUR OPERATIONAL CONSOLIDATED SES S.A. ANNUAL ADDITIONAL COMPANY AND STRATEGIC FINANCIAL ACCOUNTS INFORMATION REPORT STATEMENTS 366 million TV homes served by SES Only multi-orbit and multi- At SES we believe that each of us is the author of our frequency satellite- enabled solutions provider own story and we all have ideas and plans for where we want that story to go. As as the leader in global content connectivity €1.98 BN 2019 group so lutions we leverage a vast and intelligent revenue network that spans satellite and ground infra­ structure—connecting more people in more places with content that enriches their personal stories with entertainment, knowledge and opportunity. 99% of the world population We do the extraordinary in space to deliver ama zing covered by SES experiences everywhere on Earth. Because when ANNUAL REPORT 2019 REPORT ANNUAL everyone is empowered with content and connectivity, SES billions of stories have infinite possibilities. 5 WorldReginfo - 1394e483-4b53-46e7-8e49-a5f1b37f26c8 1 2 3 4 5 OUR OPERATIONAL CONSOLIDATED SES S.A. ANNUAL ADDITIONAL COMPANY AND STRATEGIC FINANCIAL ACCOUNTS INFORMATION REPORT STATEMENTS SIGNIFICANT DEMAND FOR GLOBAL CONTENT CONNECTIVITY SOLUTIONS “ Long­term projections for the satellite industry are promising, driven by a global need for more connectivity anywhere, anytime. While video demand faces hurdles, video will remain a dominant force in the satellite industry.” Northern Sky Research ANNUAL REPORT 2019 REPORT ANNUAL SES 6 WorldReginfo - 1394e483-4b53-46e7-8e49-a5f1b37f26c8 1 2 3 4 5 OUR OPERATIONAL CONSOLIDATED SES S.A. ANNUAL ADDITIONAL COMPANY AND STRATEGIC FINANCIAL ACCOUNTS INFORMATION REPORT STATEMENTS Satellite offers communication The consumption and demand for Demand for connectivity is growing without limits. From space, satellite content on any device, any place and exponentially and powered by Cloud can provide connections almost any time is increasing and proliferat­ applications: mobility (especially immediately and virtually any­ ing, putting pressure on traditional aero and maritime), fixed data where—on land, at sea or in the TV platforms. Broadcasters are in the (rural inclusion and mobile backhaul) air—without the need for substantial process of right­sizing content and government (ISR, e­inclusion, and highly costly infrastructure. carried over satellite but satellites disaster recovery). Critical success remain essential for mass coverage factors are the combination of ex pe­ and premium content. rience, performance and economics. Almost $9+ BN 479 min 26+% 500,000 Expected growth in a day of content CAGR internet global commercial aircraft satellite operator consumed in average2 traffic growth3 and vessels4 revenue 2019 – 20281 1 Source: Euroconsult, The Space Economy Report (Satellite Value Chain), December 2019. ANNUAL REPORT 2019 REPORT ANNUAL 2 Source: Zenith Media Consumption Forecasts 2019, June 2019 . 3 Source: Cisco Visual Networking Index: Forecast and Trends, 2017–2022. SES 4 Source: NSR, Satellite Industry Financial Analysis (9th Edition), October 2019 7 WorldReginfo - 1394e483-4b53-46e7-8e49-a5f1b37f26c8 1 2 3 4 5 OUR OPERATIONAL CONSOLIDATED SES S.A. ANNUAL ADDITIONAL COMPANY AND STRATEGIC FINANCIAL ACCOUNTS INFORMATION REPORT STATEMENTS DOING THE EXTRAORDINARY IN SPACE “ We are leading the race in space being the first and only player operating in multiple orbits, revolutionising the delivery of con­ tent and data over satellite and providing com pletely new opportunities and customer applications.” Ruy Pinto, CTO SES ANNUAL REPORT 2019 REPORT ANNUAL SES 8 WorldReginfo - 1394e483-4b53-46e7-8e49-a5f1b37f26c8 1 2 3 4 5 OUR OPERATIONAL CONSOLIDATED SES S.A. ANNUAL ADDITIONAL COMPANY AND STRATEGIC FINANCIAL ACCOUNTS INFORMATION REPORT STATEMENTS SES is the only global content connectivity solutions provider to operate a multi­orbit, multi-­ frequency satellite­based network. Operating such a vast, intelligent and reliable network in space is literally rocket science. We have been doing the extraordinary in space for over 30 years. Spectrum and the optimal usage lies at the 50+ heart of our work. With more than 50 satellites satellites in Geostationary Earth Orbit in Geostationary Orbit we can offer solutions for a huge variety of spectrum—Ku­band, Ka­band and C­band. With our unique and complementary Medium 20 Earth Orbit constellation —and with the second satellites in Medium one to be launched in 2021—we unlock new Earth Orbit business opportunities for our customers in providing far more flexibility and enabling a far greater array of optimised applications such as 99.999% latency sensitive ones. network reliability In the near future, the SES satellite network will provide a seamless extension of Cloud and terres­ 4 times faster trial applications to all corners of the world. MEO latency ANNUAL REPORT 2019 REPORT ANNUAL vs. GEO SES 9 WorldReginfo - 1394e483-4b53-46e7-8e49-a5f1b37f26c8 1 2 3 4 5 OUR OPERATIONAL CONSOLIDATED SES S.A. ANNUAL ADDITIONAL COMPANY AND STRATEGIC FINANCIAL ACCOUNTS INFORMATION REPORT STATEMENTS DELIVERING AMAZING EXPERIENCES EVERYWHERE ON EARTH “ SES does a very good job of listening, asking questions and truly trying to understand the problems of their customers.” ANNUAL REPORT 2019 REPORT ANNUAL Todd Hill, Senior Director Global Communications Services, SES Panasonic Avionics Corporation 10 WorldReginfo - 1394e483-4b53-46e7-8e49-a5f1b37f26c8 1 2 3 4 5 OUR OPERATIONAL CONSOLIDATED SES S.A. ANNUAL ADDITIONAL COMPANY AND STRATEGIC FINANCIAL ACCOUNTS INFORMATION REPORT STATEMENTS Our customers are part of our family and our success depends on their success. We are passionate about customer experience and delivering world­class services that enable our customers—some of the world’s largest companies, governments and insti­ tutions—to be successful in taking their story anywhere. In Video, we are the trusted partner to world­leading 1,250+ 1+ BN SES people rely on broadcasters, platform operators and content customers SES Video owners in providing unparalleled audience reach and distribution economics. We have established leadership in delivering the highest­quality viewing experiences and maximising the value of our cus­ Up to tomers’ content. 1 GBps MEF 2.0 In Networks, we provide unparalleled, fibre­like connectivity from just one Only MEF CE 2.0 telco- O3b (MEO) beam grade certified satellite- connectivity solutions to the world’s largest govern­- based network operator ments, telecommunications companies, mobile network operators, aeronautical service providers, cruise lines and Cloud service providers. We enable ANNUAL REPORT 2019 REPORT ANNUAL our customers to extend the reach of their networks SES to more places, more people and more devices. 11 WorldReginfo - 1394e483-4b53-46e7-8e49-a5f1b37f26c8 1 2 3 4 5 OUR OPERATIONAL CONSOLIDATED SES S.A. ANNUAL ADDITIONAL COMPANY AND STRATEGIC FINANCIAL ACCOUNTS INFORMATION REPORT STATEMENTS MAKING A DIFFERENCE TO BILLIONS ALL AROUND THE WORLD “ In the midst of sorrow, loss and fear, the only spark of hope was being able to speak with my kids in Europe once a week on Skype.” Anonymous person living in a refugee camp in Syria ANNUAL REPORT 2019 REPORT ANNUAL SES 12 WorldReginfo - 1394e483-4b53-46e7-8e49-a5f1b37f26c8 1 2 3 4 5 OUR OPERATIONAL CONSOLIDATED SES S.A. ANNUAL ADDITIONAL COMPANY AND STRATEGIC FINANCIAL ACCOUNTS INFORMATION REPORT STATEMENTS What we do at SES meaningfully By doing the extraordinary in space, Our superpower is our truly global contributes
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