Apollo Global Management Investor Day Presentation Deck

Athene Represents a Strategic Purchase for Apollo Apollo Issues Shares in Merger Apollo Share Price¹ Apollo Stock Issuance, gross Apollo Equity Held by Athene Apollo Stock Issuance, net Consolidate 100% ² of Athene Recurring Spread Related Earnings IMPLIED ACQUISITION P/E MULTIPLE Footnote explanations may be found in presentation endnotes. APOLLO INVESTOR DAY 2021 AT ANNOUNCEMENT 2021E 166M x $49.56 $8.2B ($1.4B) $6.8B = $1.4B³ 5.0X² CURRENT 2022E 166M x $67.42 $11.2B ($1.7B) $9.5B ÷ $1.7B4 5.6X² 53

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