APOLLO GLOBAL MANAGEMENT, LLC (NYSE: APO) Apollo Global Management Investor Presentation May 2019
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 303 billion 13.8 148 billion 39% Total…
Apollo has a Globally Diversified Platform Across Asset Classes Firm Profile1 Business Segments Founded: 1990 Credit Private Equity Real Assets AUM: 303 billion 194bn AUM 77bn AUM 32bn AUM Corporate Credit 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…
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% 18% 25% 17% 15% 14% 14% 13% 12% 12% 10% 4% 5% 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 Latin America Integrated global team structure incorporating sales Middle East 1% coverage, product specialists, and investor…
Permanent Capital Vehicles A Strategic Differentiator Apollo has approximately 148 billion of AUM across seven Permanent Capital Vehicles1, which comprise of 49% of Apollos AUM, and 44% of management fees which 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 303.0 billion 2011 Investment ( (NYSE) Manager Business Development Apollo AINV…
Business Segments
Credit Business Overview Highlights Significant Growth in Credit AUM ( billions) 194bn in total AUM 157bn fee-generating Same value-oriented approach as Private Equity 10-Year CAGR 194 Leverage Apollos core industry expertise and…
Apollo Has a Range of Solutions Across the Credit Spectrum Apollo manages more than 150 discrete funds or accounts across a broad set of investment strategies Illustrative Composition of Apollos Credit Business 194 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 77bn in total AUM - 46bn fee-generating 36bn of dry powder, largely related to Fund IX (22.4bn) Value oriented: Transactions completed at…
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…
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 AUM Breakdown ( billions) 32bn in total AUM, including 25bn in fee-generating Infrastructure ( in billions) Global platform with a presence in North America, Europe Principal and Asia…
Financial Information
Drivers of Apollo Business Business model driven by fee related revenues, performance fees, and balance sheet investments across three segments Credit Private Equity Real Assets Total AUM1 194bn 77bn 32bn 303bn Management…
Solid, Stable Balance Sheet During the first quarter, 2.4 million Class A shares were repurchased for 69.4 million in open market transactions as part of the Companys publicly announced share repurchase program7 On February 7, 2019,…
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) 2016 2017 2018 LTM Q1'19 Fee Related Earnings (1) 530…
Total Segments ( in thousands, except per share data) 1Q'18 4Q'18 1Q'19 1Q18 LTM 1Q19 LTM Management fees 272,203 344,716 358,623 1,102,465 1,369,108 Advisory and transaction fees, net 12,994 70,021 19,060 115,551 117,633 Performance…
Reconciliation of GAAP to Non-GAAP Financial Metrics ( in thousands) 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 1Q18 LTM 1Q19 LTM GAAP Net Income (Loss) Attributable to Apollo Global Management, LLC Class A Shareholders (62,645) 54,658 162,357…
Reconciliation of GAAP Net Income Per Class A Share to Non-GAAP Financial Per Shares Measures ( in thousands, except share data) 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 Net Income (Loss) Attributable to Apollo Global Management, LLC Class A…
Investment Records as of March 31, 2019 Committed Total Invested Realized Remaining Unrealized Total ( in millions) Vintage Year Total AUM Capital Capital Value Cost Value Value Gross IRR Net IRR Private Equity: Fund IX 2018 24,704…
Investment Records as of March 31, 2019 Permanent Capital Vehicles Total Returns7 ( in millions) IPO Year8 Total AUM 1Q'19 1Q'18 FY18 Credit: MidCap9 N/A 8,740 3% 4% 19% AIF 2013 373 9 2 (5) AFT 2011 404 5 6 (4) AINV/Other10 2004…
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 Fee Related Earnings, or FRE, is derived from our segment reported results and refers to a component of DE that is used as a supplemental performance measure to assess whether revenues that we believe are generally…
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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