Apollo Global Management Mergers and Acquisitions Presentation Deck

Retirement Services (Athene) Business Overview Mid-teens or higher return profile - driven by alpha-generating asset management, disciplined liability origination and efficient / scalable structure $ in billions CAGR SINCE 2015 = 21% 1. 2. $67 2015 $72 2016 $82 Athene AUM¹ 2017 $111 2018 $125 2019 $175 2020 $207 2021E Consensus² Reflects Gross Invested Assets. 2021E based on 2020 actual multiplied by consensus 2021E net invested asset grow th Consensus as of 3/5/2021 based on average of available research analyst projections. APOLLO $ in millions CAGR SINCE 2015 = 14% $30.03 Athene Adjusted Book Value Per Share 2015 $32.85 2016 $38.43 2017 $45.59 2018 $54.02 2019 $56.95 2020 $66.20 2021E Consensus² 12

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