Apollo Global Management Investor Day Presentation Deck

Athene Was Established Amid Financial Dislocation and Has Navigated the Past Decade Exceptionally Well 9% 8% US Credit mydest Rating Cut 7% to Founding in 6% 5% 4% 3% 2% 1% Athene's Opportunistic Focus Traces Back 0% 2005 Mid-2009 When 2006 2007 2008 2009 1. Represents the ICE BOFA BBB US Corporate Index Option Adjusted Spread. APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 2010 2011 2012 10-YEAR TREASURY YIELD 2013 2014 2015 China Growth Concerns 2016 2017 BBB CORPORATE SPREAD¹ 2018 2019 COVID-19 2020 2021 2022 10

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