![SES-Equity-Story-banner-image](/sites/default/files/styles/twelve_fifth/public/2022-09/SES-Equity-Story-banner-image_0.jpg?h=e98ff2fb&itok=AkLq7S1L)
Equity Story
We operate a unique multi-orbit satellite-based network which combines global coverage with high performance connectivity to deliver solutions anywhere on land, at sea or in the air.
Our equity story
![SES-Equity-Story-image1](/sites/default/files/styles/default/public/2022-09/SES-Equity-Story-image1.jpg?h=c44fcfa1&itok=zftjh7if)
Industry leader with profitable long-term growth outlook
- Expanding demand for connectivity
- Important growth investments
- Long history of customer success
- Track record of innovation
+9%
Expected average annual industry revenue growth (2021 - 2031) (1)
![SES-Equity-Story-image2](/sites/default/files/styles/default/public/2022-09/SES-Equity-Story-image2.jpg?h=c44fcfa1&itok=yeFWlMUv)
Differentiated products and solutions to make a difference
- Communication without limits
- High-performance connectivity
- Unparalleled audience reach
- Bold ESG agenda and targets
~€4 billion
Fully protected contract backlog
![SES-Equity-Story-image3](/sites/default/files/styles/default/public/2022-09/SES-Equity-Story-image3.jpg?h=c44fcfa1&itok=qLX4y1s9)
Attractive cash flow profile and total return fundamentals
- Disciplined financial policy
- Strong balance sheet metrics
- Stable to progressive dividend
- Significant C-band monetisation
€1.02 billion
Full Year 2023 adjusted EBITDA
1) Average of Euroconsult and Northern Sky Research (2022) for Video and Networks, including broadband access revenue (not a relevant market for SES)