Apollo Global Management Investor Day Presentation Deck

Definition of a Platform Investment Traditional Fund Investments Third-Party Financing EQUITY X Transitory fund X Dependent on an exit X Debt sold to third parties X Typically equity only Only invest in equity tranche High equity returns but potential for volatility Origination quality and scale uncertain Apollo Platform AAA AA A BBB BB EQUITY APOLLO We invest in all tranches of debt and the equity Permanent capital / long-duration Not exit-dependent Targeting stable low-to-mid teens returns with low volatility Originates attractive risk/reward, significantly in excess of equity deployment Investment across the capital structure 25

View entire presentation