Apollo Global Management Investor Day Presentation Deck

Case Study in Partnership-Oriented Approach: Sazka APOLLO / COMMON EQUITY TARGET GROSS IRR → TRADE OF UPSIDE FOR DOWNSIDE PROTECTION VALUE AT EXIT Sazka COMMON EQUITY GROSS IRR APOLLO TARGET GROSS IRR GROUP As of June 30, 2021. Based on the views and opinions of Apollo Analysts. Subject to change at any time without notice. This investment example has been provided for discussion purposes only. There is no guarantee that Hybrid Value will be able to successfully identify investment opportunities of these types in the future or that such opportunities will achieve return targets or be profitable. Company names and logos are trademarks of their respective holders. APOLLO INVESTOR DAY 2021 37

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