Apollo Global Management, Inc. (new) · NYSE:APO
Apollo Global Management, Inc. (new) — Apollo Global Management — Earnings Presentation (January 2017)
11 slides from Apollo Global Management, Inc. (new)'s earnings presentation, Jan 25, 2017
Slide 1: Earnings Presentation Realignment
Apollo Global Management, LLC Earnings Presentation Realignment January 25, 2017
Slide 2: Forward Looking Statements and Other Important Disclosures
Forward Looking Statements and Other Important Disclosures This presentation may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Ex
Slide 3: Overview
Overview Beginning with the Company’s earnings presentation for the quarter and year ended December 31, 2016, the Company intends to disclose a new non-GAAP financial measure, Fee Related Earnings (“FRE”). FRE is derived from our segment reported results and refers to a component of EI that is used
Slide 4: Non-GAAP Financial Information & Definitions
Non-GAAP Financial Information & Definitions Apollo discloses the following non-GAAP financial measures: - “Economic Income”, or “EI”, as well as “Economic Net Income”, or “ENI”, are key performance measures used by management in evaluating the performance of Apollo’s private equity, credit and real
Slide 5: Summary of Combined Segments
Summary of Combined Segments ($ in thousands, except where noted) 1Q'14 2Q'14 3Q'14 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 FY'14 FY'15 Management fees from related parties $223,830 $228,858 $227,693 $220,643 $224,713 $227,273 $226,758 $233,149 $230,933 $241,633 $258,485 $901,024 $911,893 Ad
Slide 6: Fee Related Earnings Walkdown
Fee Related Earnings Walkdown ($ in thousands, except where noted) 1Q'14 2Q'14 3Q'14 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 FY'14 FY'15 Management fees from related parties $223,830 $228,858 $227,693 $220,643 $224,713 $227,273 $226,758 $233,149 $230,933 $241,633 $258,485 $901,024 $911,893 A
Slide 7: Private Equity
Private Equity ($ in thousands, except where noted) 1Q'14 2Q'14 3Q'14 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 FY'14 FY'15 Management fees from related parties $79,421 $82,045 $76,848 $76,755 $74,597 $74,269 $71,876 $75,094 $74,918 $76,518 $91,545 $315,069 $295,836 Advisory and transaction fe
Slide 8: Credit
Credit ($ in thousands, except where noted) 1Q'14 2Q'14 3Q'14 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 FY'14 FY'15 Management fees from related parties $131,629 $134,605 $139,645 $132,863 $139,452 $140,632 $141,706 $143,451 $142,511 $151,252 $151,386 $538,742 $565,241 Advisory and transaction
Slide 9: Real Estate
Real Estate ($ in thousands, except where noted) 1Q'14 2Q'14 3Q'14 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 FY'14 FY'15 Management fees from related parties $12,780 $12,208 $11,200 $11,025 $10,664 $12,372 $13,176 $14,604 $13,504 $13,863 $15,554 $47,213 $50,816 Advisory and transaction fees fr
Slide 10: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures ($ in thousands) 1Q'14 2Q'14 3Q'14 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 FY'14 FY'15 Net Income (Loss) Attributable to AGM $72,169 $71,668 $2,210 $22,182 $30,927 $56,428 $41,051 $6,091 ($32,828) $174,092 $94,619 $168,229 $134,497 Net income (loss
Slide 11: Reconciliation of GAAP to Non-GAAP per Share Measures
Reconciliation of GAAP to Non-GAAP per Share Measures ($ in thousands, except per share data where noted) 1Q'14 2Q'14 3Q'14 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 FY'14 FY'15 Net Income (Loss) Attributable to AGM $72,169 $71,668 $2,210 $22,182 $30,927 $56,428 $41,051 $6,091 ($32,828) $174,0
Apollo Global Management — Earnings Presentation (January 2017) on 6ix