Apollo Global Management Investor Day Presentation Deck

What Do You Need to Understand About This Business? PREDICTABLE, STABLE, AND GROWING OVER THE PAST 13 YEARS Key to Success is Asset Yield With fixed funding costs, a spread model relies on consistent asset management APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 Consistency Over Heroism We target only ~30-40 basis points of outperformance Quality & Transparency Full clarity on Athene's portfolio and stress scenarios published annually Predictable Liabilities Stable liabilities with recurring spread predictable on day one 22

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