From: Richard Kahn < Sent: Thursday, May 7, 2015 1:02 PM To: jeffrey E. Subject: APO: Apollo Global misses as carried interest income drops Apollo Global =anagement misses by $0.10, misses on revenue • 7:20 =M Gaurav =atavia, SA News Editor • Apollo =lobal Management (NYSE:APO): Q1 EPS of $0.23 misses by $0.10. • Revenue of $276.81M (-43.7% Y/Y) misses by $106.4M. • Press =elease Apollo Global misses as carried interest =ncome drops • 7:53 =M Stephen =lpher, SA News Editor • Q1 =conomic net income of $93.5M or $0.23 per share vs. $223.7M or $0.56 =ne year ago. Distributable earnings of $143.9M or $0.35 per share vs. =412.1M and $0.94 one year ago. • Private Equity ENI of =59.1M vs. $111M a year ago. Carried interest income of $54.9M vs. =103.3M. P-E fund appreciation of 2.3%. • Credit ENI of =45.1M vs. $167.4M a year ago. Carried interest income of $502K vs. =57.9M. • Real Estate ENI of a loss of $2.2M vs. a loss =f $3.5M a year ago. • Total AUM of $1638. =ee-generating AUM of $1318. Carry-eligible AUM of $79.56. =arry-generating AUM of $34.88. • Capital deployment of =2.2B during quarter, $9.58 last twelve months. Dry powder of =28.56. • Distribution of $0.33 per share vs. $0.86 in =4, $0.84 one year ago. • Conference call at 10 ET • Previously: =a style="text-decoration:none" =ref="http://email.seekingalpha.com/track?type=click&mailingid=2=99876&messageid=2900&databaseid=&serial=2900 O2499876O14=0999624279.0.blfe9073174d330a72e25190b8def2e88temailid=38928918w=erid=38928918textra=8484/3 000&&&httpliseeki=galpha.com/news/2499306-apollo-global-management-misses-by-0_10-misses- on=revenue?source=email_rt_mc_body&app=n" target="_blank" =lass="">Apollo Global Management misses by $0.10, misses on =evenue (May 7) • APO flat premarket For more on earnings, =isit Seeking Alpha's new Earnings Center » Read comments APO price at time of publication: $22.59. Check APO price now » Focus Articles on =PO EFTA_R1_01631474 EFTA0250