Apollo Global Management Investor Day Presentation Deck

Tomorrow's Apollo Will... Generate More Capital LAST 5 YEARS $5 billion of Distributable Earnings generated >90% cumulative Payout Ratio on DE = BUSINESS STARVED OF GROWTH CAPITAL Note: Last 5 years generally representative of 2016-2020. Next 5 years representative of 2022-2026. APOLLO INVESTOR DAY 2021 NEXT 5 YEARS Projecting $15 billion of capital generation, $5 billion for growth Dividend grows as FRE grows = BUSINESS WILL HAVE PLENTIFUL GROWTH CAPITAL AVAILABLE 70

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