Apollo Global Management Investor Day Presentation Deck
Components of Principal Investing Income - Base Case
CONSISTENTLY PROFITABLE UNIT HOUSING GROWTH CAPITAL, STRATEGIC INVESTMENTS & PERFORMANCE FEE INCOME
Realized Performance Fees
Realized Investment Income
Comp Ratio = 50%¹ today to 60-70% by 2026²
Financing Costs & Corporate Non-Comp Costs =
~$200mm per year
PII = ~$2.4B cumulative
PRE-TAX PII PER SHARE³
~$0.30
Avg '15-'20
PRINCIPAL INV.
~$0.80
Avg '22-¹26E4
1. Reflects average of 2020 actual and 2021 expected compensation ratios. 2. Indicative based on average expected revenues from 2022E through 2026E. 3. Pro-forma for post merger share count of approximately 600mm shares, including anticipated equity awards related to compensation reset. 4. Reflects anticipated pro-
forma allocation of expenses across segments.
APOLLO INVESTOR DAY 2021
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