APOLLO APOLLO INVESTMENT CORPORATION Fourth Quarter Fiscal Year 2022 Earnings Three Months Ended March 31, 2022 May 19, 2022 Disclaimers, Definitions, and Important Notes Forward-Looking Statements We make forward-looking statements in this presentation and other filings we make with the Securities and Exchange Commission ("SEC") within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subj ...

Apollo Investment (AINV) Q1 2022 Results Conference Call May 20, 2022 8:00 AM ET Company Participants Elizabeth Besen - Investor Relations Manager Howard Widra - Chief Executive Officer Tanner Powell - President and Chief Investment Officer Greg Hunt - Chief Financial Officer Conference Call Participants Arren Cyganovich - Citi Global Markets Kyle Joseph - Jefferies Kenneth Lee - RBC Capital Markets Robert Dodd - Raymond James Melissa Wedel - JPMorgan Ryan Lynch - KBW Operator Good morning, and welcome to t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2022 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-00646 APOLLO INVESTMENT CORPORATION (Exact name of Registrant as specified in its charter) Maryland 52-2439556 (State or other jurisdiction of incorporation or organization) (I.R.S ...

APOLLO APOLLO INVESTMENT CORPORATION Third Quarter Fiscal Year 2022 Earnings Three Months Ended December 31, 2021 February 3, 2022 Disclaimers, Definitions, and Important Notes Forward-Looking Statements We make forward-looking statements in this presentation and other filings we make with the Securities and Exchange Commission ("SEC") within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements ar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-00646 APOLLO INVESTMENT CORPORATION (Exact name of Registrant as specified in its charter) Maryland 52-2439556 (State or other jurisdiction of incorporation or organizat ...

Financial Data and Key Metrics Changes - Net investment income for the September quarter was reported at $0.33 per share, which is $0.02 above the quarterly distribution of $0.31 [10] - Net asset value per share increased to $16.07, up $0.05 or 0.3%, driven by the corporate lending portfolio performance and stock buybacks [11] - Total investment income for the quarter was $52.9 million, reflecting a 4.6% quarter-over-quarter increase [44] Business Line Data and Key Metrics Changes - New investment commitments totaled $222 million, all in first lien floating rate senior corporate loans, with a weighted average spread of 613 basis points [27][28] - The corporate lending portfolio had a fair value of $2.61 billion at the end of September, with core assets representing 93% of the portfolio [36] - The weighted average net leverage of the corporate lending portfolio declined to 5.1 times, down from 5.22 times last quarter [38] Market Data and Key Metrics Changes - The broader market sentiment remains positive due to vaccine rollouts and economic reopening, but inflation concerns persist [25] - Competition for attractive middle market loans is intense, with private credit providers making larger commitments [26] - The weighted average yield and cost of the corporate lending portfolio was 7.6% at the end of September, down from 7.7% last quarter [46] Company Strategy and Development Direction - The company is focused on increasing exposure to first lien floating rate corporate loans while reducing exposure to junior capital and non-core positions [8] - The strategy includes monetizing non-core assets and improving the capital structure of Merx to enhance returns [19][20] - The company aims to maintain a diverse portfolio to mitigate risks associated with economic pressures [61] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the current performance of the corporate debt portfolio but acknowledged potential risks from inflation and supply chain constraints [60] - There is an expectation of a return to normalized levels of repayments in the fourth quarter, following a period of lower repayments [64] - The management is focused on strategic actions to enhance the portfolio's earnings power within the next year [74] Other Important Information - The board declared a base distribution of $0.31 per share and a supplemental distribution of $0.5 per share, payable on January 6, 2022 [22] - The company purchased 450,953 shares at an average price of $13.09 during the quarter, with additional purchases post-quarter [55] Q&A Session Summary Question: Movement in non-accruals - Only Spotted Hawk came off non-accrual status while Sequential Brands was added [59] Question: Economic risks in capital deployment - Management highlighted inflation, wage pressures, and supply chain constraints as potential risks but emphasized the importance of portfolio diversity [60][61] Question: Trends in repayments - Management expects repayments to normalize in the fourth quarter after a period of lower activity [64] Question: Fee waivers discussion - The focus is on establishing long-term earnings power before assessing fee structures [70][71] Question: Merx investment strategy - Preference is to characterize investments as debt for predictability, while also considering the ability to support such a structure [79] Question: Impact of new debt solutions product - The new product is expected to have limited impact on AINV's bite sizes, as AINV will continue to secure its full allocation on deals [82]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-00646 APOLLO INVESTMENT CORPORATION (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employ ...

APOLLO APOLLO INVESTMENT CORPORATION First Quarter Fiscal Year 2022 Earnings Three Months Ended June 30, 2021 August 5, 2021 Disclaimers, Definitions, and Important Notes Forward-Looking Statements We make forward-looking statements in this presentation and other filings we make with the Securities and Exchange Commission ("SEC") within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subj ...

OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-00646 APOLLO INVESTMENT CORPORATION (Exact name of Registrant as specified in its charter) Maryland 52-2439556 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 9 West 57 Street 37th Floor New York, New York 10019 th UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 ...

Apollo Investment Corporation (AINV) Q4 2021 Results Conference Call May 20, 2021 5:00 PM ET Company Participants Elizabeth Besen - IR Manager Howard Widra - CEO Tanner Powell - President and Chief Investment Officer Greg Hunt - CFO Conference Call Participants Kyle Joseph - Jefferies Casey Alexander - Compass Point Finian O???Shea - Wells Fargo Securities Melissa Wedel - JP Morgan Robert Dodd - Raymond James Operator Good afternoon, and welcome to Apollo Investment Corporation???s Earnings Conference Call ...