Apollo Global Management Investor Presentation Deck

Origination Focus is Purposefully Designed to Maximize Profitability "FUTURE-PROOFING": OUR PROPRIETARY ORIGINATED ASSETS HAVE MULTIPLE HOMES ORIGINATED ASSET PARTIAL ALLOCATION PARTIAL ALLOCATION PARTIAL ALLOCATION Third-Party Commingled or Managed Accounts Retirement Services Balance Sheets Capital Solutions ● ● Perpetual capital Self-funding growth • Attractive economics ● (fees + spread) ● ● Excess return for institutional and global wealth clients Established capital base Market economics ● Syndication and distribution Allows for larger deal sizes Establish new relationships Ability to earn attractive fees as a large participant 1 2 3 1 DRIVES FRE GROWTH DRIVES FRE+SRE GROWTH DRIVES FRE GROWTH 16

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