Apollo Global Management | Investor Day Presentation Deck

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The slide includes a waterfall calculation of Adjusted Net Income, which is a type of waterfall chart used to display the contribution of different components to a financial metric.

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The slide maps the flow of revenues and costs through business segments to a final net income figure.

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The slide uses a waterfall-like logic to show how different business segments (Asset Management, Retirement Services, Principal Investing) contribute to earnings, which are then aggregated and adjusted for HoldCo costs to arrive at Adjusted Net Income.