Apollo Global Management Investor Presentation Deck

...With Expectations to Double FRE and Total Earnings Before the Benefits of Growth Capital and Share Repurchase Accretion Fee Related Earnings (FRE) $2.36 2022 $4.50 - $4.75 2026E + Spread Related Earnings (SRE) $3.88 2022 ~$5.00 2026E Fee and Spread Related Earnings > $9.50 $6.22 2022 2026E ~90% of pre-tax earnings T Principal Investing Income (PII) ~$0.40 ~$1.00 Less taxes & HoldCo interest & financing costs Avg '15-20 Avg '22-26E Note: Financial objectives and implied growth rates presented reflect targets previously communicated at Apollo's Investor Day in October 2021. Targets assume tax rate of 18%. No guarantee that targets will be achieved. Adjusted Net Income ~2x $5.21 APOLLO 2022 > $9.00 2026E 41

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