Sign in

    Aleksander Peterc • AllianceBernstein L.P.

    Aleksander Peterc's questions to SES SA (SGBAF) leadership

    Aleksander Peterc's questions to SES SA (SGBAF) leadership • Q1 2025

    Question

    Aleksander Peterc asked for updates on the potential upper C-band disposal, details on mitigating the Brazilian customer bankruptcy's impact on the Media segment, and the timeline for MEO capacity to support a return to growth in Fixed Data.

    Answer

    CEO Adel Al-Saleh stated that C-band clearing depends on the FCC's strategy but sees a path to clearing 100 MHz efficiently while protecting clients and maintaining a guard band. He confirmed the company successfully mitigated the Brazilian bankruptcy's impact through cost controls and growth in other segments, maintaining a stable 2025 outlook. He also detailed a phased MEO capacity increase starting in May 2025, with significant step-ups in early 2026 and 2027 to serve all segments. CFO Sandeep Jalan highlighted that Networks now constitutes 60% of revenue, driving future growth.

    Ask Fintool Equity Research AI

    Aleksander Peterc's questions to SES SA (SGBAF) leadership • Q1 2025

    Question

    Aleksander Peterc of Bernstein asked for updates on the potential upper C-band disposal, including the amount of spectrum and guard band requirements. He also inquired about efforts to mitigate the Brazilian bankruptcy's impact on the Media segment and when the Fixed Data vertical might return to growth with new MEO capacity.

    Answer

    CEO Adel Al-Saleh explained that clearing the C-band is technically feasible but dependent on the FCC's strategy, and that the impact of the Brazilian bankruptcy has been successfully mitigated across the company. He detailed a phased mPOWER capacity ramp-up through 2027 that will serve all segments. CFO Sandeep Jalan noted the revenue mix has favorably shifted, with the growing Networks segment now comprising 60% of revenue.

    Ask Fintool Equity Research AI

    Aleksander Peterc's questions to SES SA (SGBAF) leadership • Q3 2024

    Question

    Aleksander Peterc of AllianceBernstein L.P. questioned the drivers behind the Video segment's Q3 improvement, the timing of revenue mitigation for the Oi shortfall in 2025, and the timeline for more details on IRIS² financials.

    Answer

    CEO Adel Al-Saleh attributed the Video improvement to strong, broad-based fundamentals, including growth in Sports & Events and managed services, which were previously masked by headwinds. He clarified that the Oi revenue shortfall would be mitigated across the total company portfolio throughout 2025. More precise details on IRIS² CapEx and revenue streams are expected in February with the full-year 2024 results, once the contract is finalized.

    Ask Fintool Equity Research AI