{
  "docId": "019de077-4f9f-71ca-9d00-5409c5018761",
  "docSlug": "d74c9596533867170508a0d617c5cd5f",
  "documentTitle": "Apollo Global Management | Results Presentation Deck | 40 slides",
  "authorId": "apollo-global-management",
  "authorName": "Apollo Global Management",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 16,
  "pageCount": 40,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 16,
  "notes": "Includes two waterfall-bridge charts showing the movement of net spreads from 2Q'24 to 3Q'24.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de077-4f9f-71ca-9d00-5409c5018761/16",
  "deckHref": "/decks/019de077-4f9f-71ca-9d00-5409c5018761",
  "deckJsonHref": "/decks/019de077-4f9f-71ca-9d00-5409c5018761.json",
  "deckAnchorHref": "/decks/019de077-4f9f-71ca-9d00-5409c5018761#slide-16",
  "components": [
    {
      "bbox": {
        "h": 0.3,
        "w": 0.45,
        "x": 0.52,
        "y": 0.15
      },
      "kind": "chart",
      "text": "Retirement Services Net Spread Bridge (QoQ)",
      "attrs": null,
      "subkind": "waterfall-bridge",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "434e72d0-bd1c-4a8a-b585-2e342d1c385f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.45,
        "x": 0.52,
        "y": 0.51
      },
      "kind": "chart",
      "text": "Retirement Services Net Spread, Excluding Notable Items Bridge (QoQ)",
      "attrs": null,
      "subkind": "waterfall-bridge",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "67874cda-76a8-4e10-a3d6-2282ad87cefc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.92,
        "x": 0.05,
        "y": 0.87
      },
      "kind": "disclaimer",
      "text": "As of September 30, 2024... [detailed footnotes regarding portfolio data and industry comparisons]",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dadb57ea-6bac-42df-adb6-e267e9a1abb1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.45,
        "x": 0.05,
        "y": 0.22
      },
      "kind": "list",
      "text": "97% of Athene's fixed income portfolio is invested in investment grade assets; Apollo aims for 30-40 bps outperformance; focus on CLOs, ABS, and senior secured loans; historical credit losses of 11 bps vs 13 bps industry average.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "550e3bf1-c5b2-4c25-bc76-8efe8717ab5e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.5,
        "x": 0.05,
        "y": 0.07
      },
      "kind": "title",
      "text": "Retirement Services: Portfolio & Spread Highlights",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d426e86d-617f-4700-88e5-c074b0b20c40",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "List presentation",
      "slug": "list-presentation",
      "agent": null,
      "layer": "slide",
      "matchId": "2cb5b3a1-aa3f-48a2-bd05-029dc8e4dd4e",
      "evidence": "97% of Athene's fixed income portfolio is invested in investment grade assets; Apollo aims for 30-40 bps outperformance; focus on CLOs, ABS, and senior secured loans; historical credit losses of 11 bps vs 13",
      "confidence": 0.7
    },
    {
      "name": "Waterfall / value bridge",
      "slug": "waterfall-bridge",
      "agent": null,
      "layer": "slide",
      "matchId": "7f94c86f-b551-4c77-b6d1-9d26724c5eba",
      "evidence": "Retirement Services Net Spread, Excluding Notable Items Bridge (QoQ)",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 7,
      "beatId": "bd62d653-3057-4864-94f3-bc41699d70bc",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Solution",
      "beatSlug": "sequoia-pitch-solution",
      "evidence": "The presentation provides an executive summary and segment details",
      "position": 1,
      "confidence": 0.7,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    },
    {
      "to": 33,
      "from": 6,
      "beatId": "adcb2917-aef6-496a-a462-5651d797b2cb",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The presentation includes detailed financial data and reconciliations",
      "position": 2,
      "confidence": 0.7,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 5,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "62db47b0-7a0c-4431-b93a-1469744ab838",
      "evidence": "The presentation provides a clear narrative linking financial results to segment performance",
      "position": 0,
      "objective": "To demonstrate the logic behind Apollo's financial performance",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.6,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}