SES Report Slight Increase in Revenues in 1st Quarter 2015

Luxembourg, April 30, 2015 – SES S.A. (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG) reports financial results for the three months ended March 31, 2015. SES reported revenues of EUR 477.8 million, up 2.6% (down 4.9% at constant FX over prior year and EBITDA of EUR 356.1 million, up 3.2% (down 4.6% at constant FX1) over prior year.

The EBITDA marginfor the quarter was 74.5% (Q1 2014: 74.3% at constant FX1).Profit of the group was EUR 131.0 million. Contract backlog of EUR 7.4 billion at 31 March 2015.

International segment now delivers over 30% of group revenue, while  Technical reach grew by 7% (YOY) to 312 million TV homes; International up 14% (YOY) to 75 million.

 Karim Michel Sabbagh, President and CEO, commented on the results: “SES has made a productive start to 2015. We are continuing to build the foundations of our future growth through new investments, expanding our capabilities and increasing our technical reach across the globe. Our video business continues to grow. This is measurable in terms of the number of HD channels carried and the level of households and population reached by our global fleet, which is particularly pronounced in emerging markets where SES is successfully expanding its presence.

The revenue and EBITDA comparison is impacted by the sale of transponders to Eutelsat recorded in Q1 2014 and by the terms of the AMC-15/-16 capacity renewal agreements with EchoStar in advance of the launch of SES-11 at the end of 2016. Taking these factors into account, Q1 2015 revenue at constant FX was in line with the prior year period, according to the company.

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