Apollo Global Management Mergers and Acquisitions Presentation Deck slide image

Apollo Global Management Mergers and Acquisitions Presentation Deck

Athene is Capitalized for Growth 1. 2. 3. Athene Deployable Capital & Dry Powder at 12/31/20 Excess Equity Capital Incremental Debt Capacity¹ 12.7% debt / capital at 12/31/20 vs. AA-/A+ rated companies at 25.1% Undrawn Strategic 3rd Party Capital (ADIP) Deployable Capital ² Incremental Alts Capacity ³ Dry Powder $3.5bn 2.5bn 1.7bn $7.7bn 3.1bn Untapped debt capacity assumes capacity of 25% debt to capitalization and is subject to general availability and market conditions. AA-/A+ Rated Companies metrics as of September 30, 2020 per SNL Financial. AA-/A+ Rated Companies are: PFG (A+), PRU (AA-), MET (AA-) and GL (A+). As disclosed publicly in Q4 2020 by Athene. Implied based on 5% alternatives allocation applied to estimated consensus gross invested assets for 12/31/21E less 12/31/20 gross alternatives balance. APOLLO $10.8bn 16
View entire presentation