APOLLO GLOBAL MANAGEMENT C-Corp Conversion: Supplemental Materials May 2, 2019
Apollo is Converting from a Publicly Traded Partnership to a C-Corp Expected Timing Conversion expected to be effective during Q3 2019 Details remain subject to the approval of the Conflicts Committee of Apollos Board and any…
Apollo is Well Positioned for the Future: Anticipated Benefits of C-Corp Simplified structure and elimination of form K-1 Broader eligible shareholder base and enhanced liquidity Potential for index inclusion (e.g., MSCI, CRSP,…
Apollo Continues to Deliver Strong Long-Term Growth & Profitability Total Assets Under Management (bn) Permanent Capital AUM (bn)2 CAGR Since IPO1 = 20% 303 5-Year CAGR3= 16% 148 280 49% 136 249 = % of Total AUM 45% 49% 49% 43% 102…
Secular Shift in Demand from Active to Passive and Alternatives Increased allocations to alts a tailwind for AUM growth, yet increased allocations to passive not currently a benefit for APO Expect C-Corp conversion to drive greater…
Passive Ownership in PTP Alternative Asset Managers is Currently Immaterial Following the conversion, there is potential for significant expansion of passive ownership Average Passive Ownership as a Percentage of Shares…
Reconciliation of GAAP to Non-GAAP Measures ( in thousands) FY'11 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 GAAP Net Income (Loss) Attributable to Apollo Global (468,826) 310,957 659,391 168,229 134,497 402,850 615,566 (42,038)…
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 limitation,…
Definitions (continued) Segment DE is the sum of (i) total management fees and advisory and transaction fees, excluding Athene capital and surplus fees (ii) other income (loss), (iii) realized performance fees, excluding realizations…
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