Apollo Global Management Mergers and Acquisitions Presentation Deck

Entire Industry is Undervalued 20% 2015 - 2020 Earnings¹ CAGR 18% 33.0x 17% Hamilton Lane 11% Apollo S&P Global Partners FactSet Hamilton Verisk Group Lane * Market Data as of 3/5/2021 Source: Capital IQ 1. Represents FRE for Apollo. 2. Last twelve months ended 12/31/2020. APOLLO 10% 31.4x 8% Verisk 30.6x 63% Partners Group Partners Group Current* Trading P/E Multiple (2021E) LTM EBITDA or FRE Margin² 55% Apollo S&P Global Hamilton Lane 27.9x 55% FactSet 47% 45% Verisk Average 30.0x 27.0x S&P Global 33% FactSet 33

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