Apollo Global Management Investor Day Presentation Deck

Attractive Growth with Significant Upside Potential DISTRIBUTABLE EARNINGS GROWING TO > $9/SHARE BEFORE INVESTMENT FOR GROWTH & EMBEDDED OPTIONS FRE + SRE + PRINCIPAL INVESTING ($/SHARE, AFTER-TAX) ~$2 1 2015-20 Avg ~$5.50 2022E² > $9 2026E² + EARNINGS ON INVESTMENT ~$5B Capital 1. Represents Apollo standalone historical results. 2. Pro-forma for post merger share count of approximately 600mm shares, including anticipated equity awards related to compensation reset, and assumed post merger tax rate of 18%. APOLLO INVESTOR DAY 2021 Illustrative investment for growth 206

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