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Investor Presentaiton

SES Video - Market Dynamics SES Linear TV remains the leading mass market medium Market size USD billion (1) 228 283 Advertising spending USD billion (2) 243 191 206 237 158 2017 ■PayTV 2022 ■OTT 2017 ■TV 176 2022 ■Online Video Satellite continues to be the leading distribution platform # of channels(3) Satellite TV channels 46,269 42,840 11,044 2017 17,938 2022 HDTV SD ■ UHD OTT is complementary to linear TV Daily TV viewing time in Europe (1,4) Direct to home satellite reach Millions of households (1) 500 454 366 320 99 2017 ■ Europe INAM A Content rights owners focus their efforts on building OTT, but linear TV broadcast remains most efficient mass market medium to maximise viewership OTT availability and quality of experience is dependent on broadband access Channel growth mainly from emerging markets more than offsetting slight decline in mature markets ▲ Strong SD to HD transition in Europe and UHD to reach 600 channels by 2022 and >1000 by 2025(3) which require more bandwidth 103 A 2022 ■ Emerging A 1h13 OTT 3h36 BBC HBO Player NETFLIX NOW amazon.com Prime ⚫tv Malab 3h49 2006 sky HD CANAL+ Linear TV HD + ⑦HD DFHD ■Linear TV ■OTT 2018 Stable Direct to home reach in developed markets and growing internationally Linear TV remains the most used medium even among millennials and especially in prime time A Emergence of hybrid solutions combining Satellite and broadband video feeds to provide the best video experience SES Opportunities ▲ Better quality HD and UHD with enhanced compression standards to increase demand ▲ Continued growth potential in emerging markets ▲ Full control of customer experience and need to maximise audience for high value channels continue to lead broadcasters to stick to satellite ▲ Cloud make MX1 solutions competitive by leveraging backend media workflows for thousands of channels SES Challenges ▲ Broadcasters focusing on high value content may lead niche content moving to online distribution or to disappear leading to less Volume ▲ New video consumption trends urge Satellite operators to adjust existing business model ▲ Some price erosion in mature markets Dynamics leading to overall stability with some decrease in Video Distribution in Europe and in the US and pockets of growth in developing markets Video Services 1) Ampere 2018 2) Ovum 2017 3) Eurodata 2017 4) Mediametrie 2018 SES investor presentation I September 2018 8
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