Apollo Global Management Investor Day Presentation Deck

Clear Differentiation Versus Our Peers 4 9.0x Investments created at lower multiples and utilize less leverage Fund VIII and IX were both created at ~5x discounts to average industry multiples ‒‒‒‒‒‒‒‒ ~5x Entry Leverage AVG. INDUSTRY MULTIPLES Source: S&P LCD database, as of June 30, 2021. APOLLO INVESTOR DAY 2021 ~3x Discount to Market 6.1x 3.4x Entry Leverage FUND VII 10.5x ~6x Entry Leverage AVG. INDUSTRY MULTIPLES ~5x Discount to Market 5.7x 3.5x Entry Leverage FUND VIII 11.4x ‒‒‒‒‒‒‒‒‒ ~6x Entry Leverage AVG. INDUSTRY MULTIPLES ~5x Discount to Market 6.3x 4.0x Entry Leverage FUND IX 21

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