A P O L L O G L O B A L M A N A G E M E N T , I N C. ( N Y S E : A P O ) Apollo Global Management Investor Presentation May 2020
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 316 billion 162 billion 39% Total Assets Under…
Globally Diversified Platform Across Asset Classes Firm Profile1 Business Segments Founded: 1990 Credit Private Equity Real Assets 210bn AUM 68bn AUM 38bn AUM AUM: 316 billion Corporate Credit Private Equity Real Estate…
Deep Bench of Senior Management Talent Senior Leadership Leon Black Josh Harris Marc Rowan Scott Kleinman Founder, Co-Founder Co-Founder Co-President Chairman and CEO Jim Zelter Martin Kelly Anthony Civale Gary Parr…
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 Total…
AUM Growth Has Driven Expansion of Fee Related Earnings (FRE) FRE growth driven by 15% CAGR in management fees since IPO and continued cost control. Management fees have been resilient and continued to grow through various periods of…
Permanent Capital Vehicles A Strategic Differentiator Permanent Capital Vehicle AUM Permanent Capital Vehicle Fee Generating AUM1 ( billions) ( billions) 166 162 157 152 Permanent Capital Vehicle AUM Permanent Capital Vehicle…
Accelerated and Diversified Growth Through Cycle Apollo Total AUM ( billions) CAGR 19% 331 316 280 249 192 161 160 170 113 44 54 68 75 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1Q20 and prior Examples…
Six Insurance Capabilities to Provide Solutions for Growth Apollo has established a broad in-house insurance capability, with approximately 150 investment professionals dedicated to FIG and insurance strategies Recently announced two…
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 1% North America coverage, product specialists, and investor…
Long Track Record of Success in Private Equity Traditional Private Equity Fund Performance: 39% Gross & 24% Net IRR Since Inception (1990) 39% 24% 21% 19% 18% 14% 13% 13% 8% 12% 9% 4% 5% 3% Barclays Government S&P…
Asset Light Model with High Distribution of Earnings Since its IPO in 2011, APO has distributed 19.39 in cash per Class A share 6% yield last twelve months during light realization period1 Continuation of current dividend policy…
Valuation Framework: Sum-of-the-Parts (SOTP) SOTP approach utilizes three components to derive current fair value for APO Value FRE at a target price-to-earnings multiple that reflects growth & margin profile FEE RELATED 90% of fee…
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 210bn 68bn 38bn 316bn Fee-Generating…
Segment Balance Sheet Highlights During the quarter, the Company repurchased 2.2 million shares of Class A common stock in open market transactions and net share settled6 1.5 million shares of Class A common stock to satisfy associated…
Reconciliation of GAAP to Financial Measures ( in thousands) FY14 FY15 FY16 FY17 FY18 FY19 LTM 1Q20 GAAP Net Income (Loss) Attributable to Apollo Global Management, Inc. Class A Common Stockholders 168,229 134,497 402,850 615,566…
Investment Records as of March 31, 2020 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 24,216…
Investment Records as of March 31, 2020 Contd Permanent Capital Vehicles Total Returns7 ( in millions) IPO Year8 Total AUM 1Q'20 1Q'19 FY19 Credit: MidCap9 N/A 9,212 (4%) 3% 17% AIF 2013 304 (23) 9 19 AFT 2011 328 (22) 5 14…
Endnotes & Definitions Apollo discloses the following financial measures that are calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles in the United States of…
Endnotes & Definitions Contd 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,…
Endnotes & Definitions Contd Athene Holding refers to Athene Holding Ltd. (together with its subsidiaries, Athene), a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the…
Endnotes & Definitions Contd Net IRR of a credit fund and the principal finance funds within the real assets segment represents the annualized return of a fund after management fees, performance fees allocated to the general partner…
Endnotes & Definitions Contd Unrealized Value refers to the fair value consistent with valuations determined in accordance with GAAP, for investments not yet realized and may include payments in kind, accrued interest and dividends…
Endnotes & Definitions Contd Important Notes Regarding the Use of Index Comparisons Index performance and yield data are shown for illustrative purposes only and have limitations when used for comparison or for other purposes due to,…
Loading...
