Apollo Global Management Investor Day Presentation Deck

Retirement Services Earnings Model EARNINGS MODEL RETAIN 100% OF UPSIDE OVER ~2.5% COST OF FUNDS ~95% OF FIXED INCOME PORTFOLIO IN INVESTMENT GRADE¹ WE BELIEVE THIS EARNINGS STREAM IS UNDERVALUED 1. As of June 30, 2021 94% of AFS securities designated NAIC 1 or 2. APOLLO INVESTOR DAY 2021 SAMPLE INVESTMENTS A-Rated Bonds '||| First Mortgages € Asset-Backed Securities Senior Corporate Debt 57

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