Apollo Global Management Investor Day Presentation Deck

Portfolio Spotlight: Alternative Investments ● HIGHLY DIVERSIFIED AND STRATEGIC $11.5 billion alternatives portfolio accounts for 6% of net invested assets Strategic deployment to seed and co-invest in Apollo funds, continue building Apollo's front-end origination ecosystem, and invest in the retirement services marketplace 53% Apollo and Other Fund Investments 19% Hybrid 26% Equity 8% Yield ALTS PORTFOLIO COMPOSITION 9% Traditional PE 1% Other¹ 26% Strategic Origination Platforms Note: Yield, Hybrid, and Equity buckets include 3rd party investments. 1. Includes CLO equities and royalties. APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 20% Strategic Retirement Services Platforms DOWNSIDE PROTECTED Apollo & Other Fund Investments Direct Investments in Origination & Other Retirement Services Businesses ● • Significant alignment with GP and highly diversified ● Investing strategies spanning yield, hybrid, and equity ● Direct, high-yielding, stable investments Asset Originators: MidCap, Wheels/Donlen, Foundation Home Loans, among others Strategic Investments: Athora, Venerable, Challenger, FWD, among others 34

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