APOLLO GLOBAL MANAGEMENT, LLC (NYSE: APO) Apollo Global Management Investor Presentation December 2018
Apollo Overview
Apollo is a Leading Alternative Investment Manager Apollo Global Management is a leading global alternative investment manager with expertise in credit, private equity, and real assets APO 270 billion 13.8 125+ billion 39% Total…
Apollo has a Globally Diversified Platform Across Asset Classes Firm Profile1 Business Segments Founded: 1990 Credit Private Equity Real Assets AUM: 270 billion 183bn AUM 72bn AUM 15bn AUM Drawdown Opportunistic buyouts…
Assets Under Management have Grown More than 5x in 10 Years AUM growth over the past ten years driven by the proliferation of yield-oriented permanent capital vehicles and continued success in opportunistic investing businesses Real…
Apollos Integrated Business Model Industry Insights Management Relationships Investment Opportunities Credit / Real Assets Development of industry insight through: Over 300 current and former portfolio companies Strategic…
Deep Bench of Senior Management Talent Executive Committee Leon Black Josh Harris Marc Rowan Founder Co-Founder Co-Founder Chairman and CEO Senior Managing Director Senior Managing Director Scott Kleinman Jim Zelter Gary…
Apollos Industry Expertise Media/ Manufacturing Natural Consumer Consumer Business Financial Chemicals Leisure Telecom/ & Industrial Resources & Retail Services Services Services Technology Note: The listed companies are a sample…
Long Track Record of Success in Private Equity Traditional Private Equity Fund Performance: 39% Gross & 25% Net IRR Since Inception (1990) 39% 19% 19% 25% 16% 13% 13% 13% 9% 10% 9% 5% 4% 2% 1 2 3 Barclays Government…
Apollo Has a Clear Path for Continued Growth Apollo will continue to identify opportunities to leverage its existing platform and diversify into areas with meaningful synergies with its core business Favorable Secular Trends Growth…
Proven Ability to Raise Capital Globally Apollos Fundraising Capabilities Global Base of Long-Term Investors Integrated global team structure incorporating sales Middle East Latin America coverage, product specialists, and investor…
Permanent Capital Vehicles A Strategic Differentiator Apollo has approximately 126 billion of AUM across seven Permanent Capital Vehicles1, which comprise of 47% of Apollos AUM, and 44% of management fees are derived from this…
Various Paths For Public Investors to Access Apollos Expertise Company Name Ticker AUM Year of Listing Publicly Traded Alternative Apollo APO 270.2 billion 2011 Investment ( (NYSE) Manager Business Development Apollo AINV…
Business Segments
Credit Business Overview Highlights Significant Growth in Credit AUM 183bn in total AUM ( billions) 148bn fee-generating 35bn performance fee-generating 183 10-Year Same value-oriented approach as Private Equity CAGR 26% Leverage…
Apollo Has a Range of Solutions Across the Credit Spectrum Apollo manages more than 100 discrete funds or accounts across a broad set of investment strategies Illustrative Composition of Apollos Credit Business 183 billion of AUM…
Athene & Athora: Differentiated & Strategic Growth Drivers Founded in 2009, Athene Holding Ltd. (Athene, NYSE: ATH) is an insurance holding company focused on fixed annuities Founded in 2016, Athora Holding Ltd. (Athora) is a…
Private Equity Business Overview Highlights Long Track Record of Success in Private Equity1 72bn in total AUM - 44bn fee-generating - 26bn performance fee-generating 35bn of dry powder, largely related to Fund IX (24.7bn) 25%…
Supplemental Private Equity Fund Information1 Fund VII Fund VIII ANRP II PE Portfolio Composition Vintage Year: 2008 Vintage Year: 2013 Vintage Year: 2016 Private Investments Fund Size: 14.7bn Fund Size: 18.4bn Fund Size: 3.5bn 69%…
Three Pathways to Capture Value Apollos traditional private equity funds rely on three investment strategies to capture value across market cycles Opportunistic Buyouts Corporate Carve-Out Distressed For Control Focus on industries…
Real Assets Business Overview Highlights Supplemental Information 15.4bn in total AUM, including 11.3bn in fee-generating 15 billion AUM Global platform with a presence in North America, Europe and Asia Value-oriented approach for…
Financial Information
Drivers of Apollo Business Business model driven by fee related revenues, performance fees, and balance sheet investments across three segments Credit PE RA Total Athene / Credit Athora Non- (ex- Non-Sub Sub Advised Advised…
Solid, Stable Balance Sheet At September 30, 2018, Apollo had 1.2 billion in cash and cash equivalents and U.S. Treasury securities, 750 million of net performance fees receivable, 1.1 billion of general partner and other investments…
Well Capitalized with Strong Credit Metrics Apollo believes it is well capitalized with moderate debt supported by strong income statement and balance sheet metrics ( in millions) 2015 2016 2017 LTM 3Q'18 Fee Related Earnings 422 530…
Summary of Non-GAAP Measures ( in thousands, except per share data) 3Q'17 2Q'18 3Q'18 YTD'17 YTD'18 Management Fees 282,434 325,864 339,905 801,395 937,972 Advisory and Transaction Fees, Net 16,209 15,580 12,972 54,905 41,546…
Reconciliation of GAAP to Non-GAAP Measures ( in thousands) 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 YTD'17 YTD'18 GAAP Net Income (Loss) Attributable to Apollo Global Management, LLC Class A Shareholders 198,569 184,893 (62,645) 54,658 162,357…
Reconciliation of GAAP Net Income Per Class A Share to Non-GAAP Per Share Measures ( in thousands, except share data) 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 YTD'17 YTD'18 Net Income (Loss) Attributable to Apollo Global Management, LLC Class A…
Investment Records as of September 30, 2018 Drawdown Committed Total Invested Realized Remaining Unrealized Total ( in millions) Vintage Year1 Total AUM Capital Capital1 Cost1 Value1 Gross IRR1 Net IRR1 Value1 Value1 Private Equity:…
Investment Records Notes Note: The Drawdown funds included in the investment record table on page 31 have greater than 500 million of AUM and/or form part of a flagship series of funds. The SIAs included in the investment record table on…
Investment Records as of September 30, 2018 Liquid/Performing Net Returns ( in millions) Vintage Year Total AUM 3Q'18 YTD'18 3Q'17 YTD'17 FY17 Credit: Hedge Funds1 Various 7,036 2% 4% 1% 4% 5% CLOs2 Various 13,221 2 4 1 3 4 SIAs /…
Endnotes & Definitions Assets Under Management, or AUM, refers to the assets of the funds, partnerships and accounts to which we provide investment management, advisory, or certain other investment-related services, including, without…
Endnotes & Definitions EI represents segment income (loss) before income tax provision excluding transaction-related charges arising from the 2007 private placement, and any acquisitions. Transaction-related charges includes equity-based…
Endnotes & Definitions Net IRR of a real assets fund represents the cumulative cash flows in the fund (and not any one investor in the fund), on the basis of the actual timing of cash inflows received from and outflows paid to investors…
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