Apollo Global Management Investor Day Presentation Deck

Apollo's Model Delivers Full Alignment ORIGINATED ASSET PARTIAL ALLOCATION PARTIAL ALLOCATION PARTIAL ALLOCATION APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 Retirement Services Balance Sheets Third-Party Commingled or Managed Accounts Capital Solutions ● ● ● ● Perpetual capital Self-funding growth Attractive economics (fees + spread) Syndication and distribution • Allows for larger deal sizes • Establish new relationships ● Excess return for institutional and global wealth clients Established capital base Market economics Ability to earn attractive fees as a large participant 1 2 3 DRIVES FRE + SRE GROWTH DRIVES FRE GROWTH DRIVES FRE GROWTH 1 124

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