#1MICROⓇ 0 FOCUS Micro Focus Strategy Day 30 November 2021#2Micro Focus International Safe Harbour statement The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ("relevant persons"). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. Information in the following presentation relating to the price at which relevant investments have been bought or sold in the past or the yield on such investments cannot be relied upon as a guide to the future performance of such investments. This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in Micro Focus International plc (the "Company") or any company which is a subsidiary of the Company. The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law, and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about, and observe, such restrictions. Certain statements contained in this presentation constitute forward-looking statements. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company's financial condition, business strategy, plans and objectives, are forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects”, “intends”, “may”, “will”, or “should” or, in each case, their negative or other variations or comparable terminology. Such forward- looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Such risks, uncertainties and other factors include, among others: the level of expenditure committed to development and deployment applications by organisations; the level of deployment-related turnover expected by the Company; the degree to which organisations adopt web-enabled services; the rate at which large organisations migrate applications from the mainframe environment; the continued use and necessity of the mainframe for business critical applications; the degree of competition faced by the Company; growth in the information technology services market; general economic and business conditions, particularly in the United States; changes in technology and competition; and the Company's ability to attract and retain qualified personnel. These forward-looking statements speak only as at the date of this presentation. Except as required by the Financial Conduct Authority, or by law, the Company does not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events, or otherwise. MICRO® FOCUS#3Agenda 01. 02. Strategy Update 03. 04. Chairman Introduction Financial Update Q&A MICRO® FOCUS#4MICROⓇ 0 FOCUS Chairman Introduction Greg Lock#5MICROⓇ 0 FOCUS Strategy Update Stephen Murdoch#6Progress against our transformation objectives The foundations are now in place, and we are at an inflection point Progress so far ... 1 One single enterprise wide platform 2 Improved product positions across portfolio 3 One single go-to-market organisation MICRO® FOCUS#7Progress against our transformation objectives The foundations are now in place, and we are at an inflection point Progress so far ... 1 One single enterprise wide platform 2 Improved product positions across portfolio 3 One single go-to-market organisation Details... ✓ Single set of systems and standardised processes ✓ Enabling organisation simplification ✓ Driving efficiency and productivity improvements MICRO® FOCUS#8Progress against our transformation objectives The foundations are now in place, and we are at an inflection point Progress so far ... 1 One single enterprise wide platform 2 Improved product positions across portfolio 3 One single go-to-market organisation Details... ✓ Making us more competitive and delivering on what customers want ✓ Introducing new SaaS offerings in every product portfolio Improvements to product roadmaps - fundamental to improving maintenance renewal rates MICRO® FOCUS#9Progress against our transformation objectives The foundations are now in place, and we are at an inflection point Progress so far ... 1 One single enterprise wide platform 2 Improved product positions across portfolio 3 One single go-to-market organisation Details... ✓ Moving from 3 geographically distinct models to a common global model with specialist skillsets that are targeted by product portfolio ✓ Consistent processes and single management system ✓ Foundations for execution improvements MICROⓇ FOCUS#10Progress against our transformation objectives The foundations are now in place, and we are at an inflection point Progress so far ... 1 One single enterprise wide platform 2 Improved product positions across portfolio 3 One single go-to-market organisation What's next ... Focussing the energy of the entire organisation externally onto customers and capturing the significant opportunities for value creation MICRO® FOCUS#11How we approach the Digital Transformation opportunity Customers need to balance the competing pressures of running and transforming at the same time Helping customers build better and more secure software that they deliver faster "Deliver at high speed with low risk" Enabling comprehensive CYBER security across applications, identities and data "Adapt with intelligence" Accelerate Application Delivery implify Your IT Transformation Run & Transform Strengthen Your Cyber Resilience کے Analyze in Time to Act Helping customers run, manage and secure complex hybrid IT infrastructures "Cut complexity and build agility" Providing analytics capability that delivers insights that can be acted upon in real-time "Increase prediction accuracy" MICRO® FOCUS#12How we approach the Digital Transformation opportunity We help customers balance the often-conflicting challenges of both RUNNING and TRANSFORMING their businesses simultaneously Helping customers find this balance is at the core of our approach to innovation We bridge existing and emerging technologies, so customers can both leverage investments made to run their businesses, while modernising for the future Our go-forward focus is on re-energising our long-standing customer relationships to drive adoption of our latest innovation MICRO® FOCUS#13Our markets and what this means for our portfolios We operate in attractive and growing markets and our products are being re-positioned for success Stable/Declining 0% or less Low growth 0-5% Growth Our focus We have well positioned offerings with very strong roadmaps that are delivering as expected e.g. COBOL Large customer bases where we are re-shaping and re-positioning solutions to capture growth opportunities e.g. ArcSight High growth 10-20% Growth We have strong, well-positioned offerings where we are already participating in this high growth market e.g. Fortify Others we have had to re- architect and re-position the product to be able to capture this growth e.g. Vertica Very high growth >20% Growth MICRO® FOCUS#14Proactive focus on the Installed Base and Renewals Leadership & Alignment Strengthened and increased leadership, re-aligned compensation & reduced handoffs across the customer journey 4 1 Product Innovation & Adoption Get customers on the latest versions, enable adoption of new innovation to deliver increased value from existing investments & have confidence in new investment 2 Proactive Customer Engagement Detailed understanding of customer concerns to enable highly focused response through more skilled and specialised resources earlier in, and at every stage, of the cycle 3 SaaS & Subscription Help customers blend new offerings with existing investments to realise value quickly and further future proof their solutions 5 Sweat the details! Active management of renewals pipeline at detailed level by sub- portfolio, tailored to customer size and renewal risk profile across multiple periods MICRO® FOCUS#15Product portfolio objectives – some highlights - Cyber Resilience (CyberRes) Application Modernisation & Connectivity (AMC) Application Delivery Management (ADM) IT Operations Management (ITOM) Information Management & Governance (IM&G) Objectives Sustain the growth momentum we have in applications, data and identity management and complete the re-positioning of ArcSight Continue to deliver for our existing customers and strengthen our leadership position in Application Modernisation both directly and through strategic partnerships such as AWS Build on core strengths in modern quality and agile development solutions and drive new innovation in support of the move to Value Stream Management underpinned by acceleration in SaaS Ensure our customer base can leverage the innovation already delivered, especially in Service Management, and accelerate the re-positioning of Service Assurance to AIOps and SaaS Keep executing the plan in Information Management and accelerate growth in Big Data driven by subscription and cloud revenues MICRO® FOCUS#16Core principles that we know deliver success Our foundations to deliver our financial objectives DO Employees Customers Delivering the innovation customers need to both run and transform simultaneously Creating a rewarding and inclusive environment so they can do their best work, grow, and develop S Shareholders es Consistent returns built on sustainable foundations of FCF and efficient capital allocation MICRO® FOCUS#17MICROⓇ 0 FOCUS Finance Update Matt Ashley#18A platform to transform our business From two stacks to a single Enterprise Platform delivering data, system and business process simplification... Systems & Applications Quoting Systems SaaS Applications Business Applications Moved from 6 quoting systems to 1 Reduced SaaS Apps from 70 to 20 2,000 business applications to 500 Processes & Policies Single Process Taxonomy Legal Entities SOX Process Maps A clear and consistent process taxonomy Reduced from 285 to 185 667 SOx process maps to 256 Simplifying our business to transform our business MICRO® FOCUS#19Capturing efficiencies to improve margin Targeting between $400m and $500m of gross annual recurring cost reductions as we exit FY23 Cost of delivering programme c.$200m over 2 years $1.9bn FY21 Exit cost base ($60m) DigitalSafe 5% p.a. c.$200m Inflation ($400m) - ($500m) Planned cost saving c. $1.5bn- $1.6bn Target cost base MICRO® FOCUS#20Improving transparency in our KPIs Closer alignment to statutory measures Updated approach Remains Constant Currency and adjusted for material acquisitions/disposals Revenue / CCY Exceptional spend Adjusted EBITDA Net Debt Free cash flow Leverage ratio No more HPE integration costs Only related to incremental M&A and cost reduction programme such as severance No longer adjusted to reverse out capitalised product development costs More consistent with Bank Credit Agreements Remains the same Remains the same Net debt / Adjusted EBITDA MICRO® FOCUS#21Revenue outlook Path to exiting FY23 with flat year on year revenue trajectory (5%) 6% (8%) 0% (9%) Revenue trend from FY21 to FY23 Exit will not be linear 0% 4-6% All numbers are pro-forma with DigitalSafe excluded from all periods 0-10% 10-20% (4%)-(6%) FY21 ■Maintenance SaaS and other recurring Consulting FY23 Exit Licence Licence consolidation before further acceleration Consulting growth with mainframe modernisation SaaS growth from new offerings and transition Maintenance stabilising through operational improvements MICRO® FOCUS#22Medium term revenue growth goals > 50% of the portfolio delivering growth Application Modernisation & Connectivity (AMC) Cyber Resilience (CyberRes) Information Management & Governance (IM&G) IT Operations Management (ITOM) Application Delivery Management (ADM) Total Group Growth goals 5% plus 5% plus 0% plus Better than (5%) Better than (5%) 1-2% Growth drivers Mainframe to cloud modernisation Well positioned portfolio in growing Cyber Security market Well positioned portfolio in growing Big Data market AIOps and Value Foundry Value Stream Management MICRO® FOCUS#23Free cash flow and capital allocation Revenue stabilisation supported by cost saving yields $500m cash generation by the time we are exiting FY23 Revenue $2.9bn AEBITDA 36% FY21 ($0.1bn) ($50m) DigitalSafe Revenue stabilising $200-300m net annual savings Revenue 0% YoY AEBITDA Target c.95% cash conversion ($200m) Interest ($100m) Capex FY23 Exit ($50m) Finance Leases Tax c.30% $500m Adjusted FCF MICRO® FOCUS#24MICROⓇ FOCUS