SES S.A. (OTCPK:SGBAF) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET

Company Participants

Richard Whiteing – Head, Investors Relation
Adel Al-Saleh – Chief Executive Officer
Sandeep Jalan – Chief Financial Officer

Conference Call Participants

Nick Dempsey – Barclays
Roshan Ranjit – Deutsche Bank
Alexander Peterc – Bernstein
Sami Kassab – Exane

Operator

Hello, and welcome to the SES, year-to-date and Q3 results 2024. My name is Laura, and I will be your coordinator for today’s event. Please note this call is being recorded. [Operator Instructions]

I will now hand you over to your host, Richard Whiteing, Head of Investor Relations, to begin today’s conference. Thank you.

Richard Whiteing

Thanks, Laura. Good morning, everyone. Thanks for joining this analyst and investor call for the year-to-date and Q3 2024 results. The presentation was uploaded along with the press release to the Investors section at ses.com, if you don’t already have it. As always, please note the disclaimer at the front of the slides.

The agenda for today is as usual. In a moment, Adel Al-Saleh, our CEO, will present the main business highlights, followed by Sandeep Jalan, CFO, to cover the financials in more detail. After some closing remarks from Adel, we will take questions.

With that, let me hand over to Adel.

Adel Al-Saleh

Thank you, Richard. Good morning, everyone.

Starting with the highlights on Page 3. I’m pleased to report another solid operational and financial performance. We’re tracking to the top end of 2024 outlook, supported by wave of strategic wins and overall strong commercial momentum, showcasing the growing demand for our differentiated solutions across all verticals.

The deployment of our mPOWER MEO constellation is also on track, and the award of the IRIS2 concession will drive the next phase of our MEO growth in the future. Lastly, the regulatory

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