Apollo Global Management Investor Presentation Deck

Asset Light Model with High Distribution of Earnings Since its IPO in 2011, APO has distributed $20.99 in cash per Class A share O ~4% yield last twelve months during light realization period¹ Continuation of current dividend policy following C-Corp conversion Shareholder friendly approach High payout ratio Immunize dilution from employee shares Attractive liquidity profile Strong alignment of interest between senior leadership and shareholders ● ● ● 1 Based on LTM dividends of $2.02 per Class A share over average of LTM stock price. APOLLO 15

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