Apollo Global Management Investor Day Presentation Deck

Multiple Levers of Downside Protection Direct Lending Strategy ~100% 1st lien, senior secured Control over documentation (MidCap is agent on majority of its deals) Diverse lending products, including many collateralized Scaled proprietary deal flow + *MidCap Financial MidCap Franchise & Platform Experience managing loan workouts through stress Significant earnings contribution from fee income Servicing capabilities and infrastructure Diversified loan portfolio Long-dated financing in-place Apollo strategic relationship Downside protection from combination of senior secured strategy + capabilities of the MidCap platform and franchise Represents the views and opinions of Apollo Analysts. Subject to change at any time without notice. There can be no assurance that any the opportunities or objectives described herein will be achieved or successful. Diversification does not ensure profit or protect against loss. 59

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