Apollo Global Management Investor Day Presentation Deck

Today's Investments Will Drive Additional Margin Expansion WE MANAGE OUR ASSET MANAGER WITH A PRIMARY LENS ON FRE DOLLAR GROWTH FRE MARGIN % 37% 2012 OPERATING LEVERAGE 1. Reflects anticipated pro-forma allocation of expenses across segments. APOLLO INVESTOR DAY 2021 54% 2018 ACCELERATED INVESTMENT PERIOD ~15% FRE $ CAGR 54% I 2021E OPERATING LEVERAGE ASSET MGMT ~18% BASE FRE $ CAGR 60+% 2026E¹ 213

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