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Investor Presentaiton

SES Networks - Market Dynamics SES Connectivity needs are booming and satellite has a role to play Global IP traffic(1) Exabytes (2) per month 96 2016 2017 278 ■Fixed Internet 2018 2019 2020 2021 Managed IP ■ Mobile data SES addresses high growth markets Global active VSAT sites (3) million ▲ People and organisations expect to be connected everywhere, all the time, creating exponential rates of growth in demand for data ▲ By 2021, total satellite capacity is forecast to be 12 Tbps (3). For reference Global average internet traffic is forecast to be 717 Tbps in 2021(1) ▲ For satellite to be relevant, it needs to be fully integrated in telco ecosystem: implying capabilities in network management, resilience and in some cases low latency Connected planes and ships(3) Satellite-connected drones(3) 39,645 3.54 34,645 2.48 2.82 31,645 1,483 23,376 818 1,018 14,934 8,390 2017 2020 2025 2017 2020 2025 ■Planes Ships With unique capabilities - competitive advantages 2017 2020 2025 Unique combination of GEO-MEO and terrestrial Network solutions providing unrivalled performance, coverage, scalability and flexibility with improved economics A Seamless integration into terrestrial networks with SES being the only satellite operator granted with Telco industry certification (MEF CE 2.0) enabling SES to play beyond traditional markets New products range dedicated to specialised markets, with best-in-class customer service delivery (CSD) (including fulfilment, maintenance and network analytics) complemented, when necessary, by a robust global network of highly specialized distribution partners SES Opportunities ▲ 'Big Data' and 'Internet of things': More devices / people to connect having all bigger data needs ▲ Connectivity becomes a right: 'Universal Service Obligation' subsidies from governments ▲ High growth potential in maritime and aero market ▲ Government increasing focus on surveillance and intelligence capabilities implies more satellite ▲ Further technologies leading to a further use of satellite (connected car, machine to machine, 5G) SES Challenges ▲ Obsolescence of existing fleet if no update-ability in place ▲ Commoditised supply exposing part of business to price pressure ▲ Value chain expansion leading to cannibalisation if no defined go- to-market strategy in place ▲ Roll out of LEO constellations driving pricing further down To benefit from exponential growth of data demand satellite needs to develop capabilities to be fully part of telecommunications ecosystem 2) 1 Exabyte = 1 million terabytes 1) Cisco SES investor presentation I September 2018 3) NSR 10 10
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