Brief: SES Completes Acquisition Of Intelsat

SES SA

17/07/2025 06:35

July 17 (Reuters) - SES SA SESFg.LU:

SES COMPLETES ACQUISITION OF INTELSAT, CREATING GLOBAL MULTI-ORBIT CONNECTIVITY POWERHOUSE

PLANS €600-€650 MILLION ANNUAL CAPITAL EXPENDITURES

PRO FORMA COMBINED REVENUE OF EUR 3.7 BILLION PROJECTED TO GROW AT A LOW- TO MID-SINGLE DIGIT CAGR (2024-2028E)

COMBINED PRO FORMA ADJUSTED EBITDA OF EUR 1.8 BILLION EXPECTED TO GROW AT MID-SINGLE DIGIT CAGR INCLUDING SYNERGIES (2024-2028E)

PLANS TO GENERATE OVER EUR 1 BILLION IN ADJUSTED FREE CASH FLOW BY 2027-2028 (PRE IRIS(2))

EXPECTS €2.4 BILLION SYNERGIES WITH €370 MILLION ANNUAL RUN RATE

COMBINED CONTRACT BACKLOG EXCEEDING EUR 8 BILLION

PROJECTS €3.7 BILLION REVENUE WITH LOW-MID SINGLE DIGIT CAGR

INTENT TO RAISE ANNUAL BASE DIVIDEND ONCE TARGETED NET LEVERAGE ACHIEVED WITHIN 12-18 MONTHS AFTER CLOSING

Source text: ID:nBw9MnSdCa

Further company coverage: [SESFg.LU]

 (Gdansk Newsroom)

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