Apollo Global Management Investor Day Presentation Deck

Scaling Strategies Have Large Opportunity for Growth TOTAL CO-INVEST VS. FUND SIZE¹ HYBRID VALUE ~1.0x ~25x $13B $32B APOLLO AUM LARGEST PLAYER REAL ESTATE Significant demand for co-invest flow ~1.5x ~15x $14B APOLLO AUM² LARGEST PLAYER $208B = INFRASTRUCTURE $3B ~1.0x -44x $132B + Note: AUM as of June 30, 2021. "Largest Player" represents the investment managers considered by Apollo to be the leading investment managers in their respective markets, and their AUM figures have been obtained from publicly available sources as of August 30, 2021. Information is presented solely as an illustration of comparative AUMs and should not be relied upon as a prediction of Apollo's growth or a forecast of Apollo's AUM in any of the markets presented. Apollo's definition of AUM may differ from the AUM calculations of other investment managers and, as a result, may not be comparable to the AUM presented for these other investment managers. Footnote explanations may be found in presentation endnotes. APOLLO INVESTOR DAY 2021 APOLLO AUM LARGEST PLAYER Opportunity for growth 129

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