#1opentext™ Investor Presentation NASDAQ: OTEX | TSX: OTEX August 6, 2020#2Safe Harbor Statement This presentation may contain forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and created under the Securities Act of 1933, as amended (the Securities Act), and the Securities Exchange Act of 1934, as amended, the Securities Act (Ontario) and Canadian securities legislation in each of the provinces of Canada. All statements other than statements of historical facts are statements that could be deemed forward-looking statements. When we use words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "could," "would", "will" and variations of these words or similar expressions, we do so to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements, and are based on our current expectations, forecasts and projections about the operating environment, economies and markets in which we operate. Forward-looking statements reflect our current estimates, beliefs and assumptions, which are based on management's perception of historic trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. These forward-looking statements are based on certain assumptions and involve known and unknown risks as well as uncertainties, which include actual and potential risks and uncertainties relating to the ultimate geographic spread of COVID-19, the severity of the disease and the duration of the COVID-19 pandemic. The actual results that we achieve may differ materially from any forward-looking statements, which reflect management's current expectations and projections about future results only as of the date hereof. We undertake no obligation to revise or publicly release the results of any revisions to these forward-looking statements. A number of factors may materially affect our business, financial condition, operating results and prospects. For additional information with respect to risks and other factors which could occur, see our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the Securities and Exchange Commission and other securities regulators. Any one of these factors may cause our actual results to differ materially from recent results or from our anticipated future results. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. opentext™ Open Text Confidential. ©2020 All Rights Reserved. 2#3The world runs on information From the debate on truth, to a global pandemic response, to a modern civil rights movement, the fact is, information is more important than ever. M P#4Open Text: The Information Management Leader Leader in Information Management market #1 in Business Networks (1) ● About OpenText • #1 in Content Services (1) ● • Leader in Cyber Resilience • Leader in Digital Experience Total Growth drives share gains Durable, resilient, predictable business (78% ARR) (²) Expanding EBITDA margins Strong Free Cash Flows (3) and Balance Sheet Historical dividend payout of ~20% of TTM OCF opentext™ Value Creation Playbook 3 Organic Growth Accretive Acquisitions + + Cloud Growth + ARR Growth + Margin Expansion + Cash Flow Growth + Dividends 1 See slides titled "#1 in Business Network", "#1 in Content Services" and "Leader in Digital Experience" in this presentation. 2 Annual Recurring Revenues (ARR) as a percentage of Total Revenues for the year ended June 30, 2020. ARR is defined as the sum of cloud services and subscriptions revenue and customer support revenue. Free Cash Flows = Operating Cash Flows minus Capital Expenditures (or "Additions to property & equipment" in the Statement of Cash Flow). Innovation Reinvest for Growth Capital Structure Open Text Confidential. ©2020 All Rights Reserved. 4#5The OpenText Business System. Total Growth ROIC opentext™ Strategic Acquisitions Dividend, Capital Investment, Talent Investment Diligence پیرا Integration Retain Disciplined Capital Allocation Information Management Acquire Grow Customer Driven Innovation Open Text The Information Company Value Orientation Systems, Tools, Methods Key Metrics Operational Excellence Best Teams Win ARR, A-EBITDA $, FCF Open Text Confidential. ©2020 All Rights Reserved. 5#6Driving Shareholder Returns Continued Investment in Growth Initiatives opentext™ Capital Efficiency • Cloud Migration • Cyber-Resilience Bundle, Cross-Sell, Integrate Accelerated sales coverage and product innovation ● Business Predictability • High-teens ROIC Upper Quartile (¹) ● Self-funding M&A model ● ● FY'20 78.2% ARR FY'21 Target Model of 80% to 82% We returned over $900 million in dividends since FY'13 1. Based on a group of 30 SaaS and Enterprise Software peers with data provided by Bloomberg Open Text Confidential. ©2020 All Rights Reserved. 6#7Positioned To Gain Market Share 1 Digital Acceleration opentext™ 2 Global Supply Chain Restructuring Demand Drivers 3 Work From Anywhere 4 Customer Experience (Contactless and Direct) 5 Security (Cloud and Edge) Open Text Confidential. ©2020 All Rights Reserved. 7#8Leadership in Information Management") Leader DIGITAL EXPERIENCE opentext #1 Information BUSINESS NETWORK ADVANCED INFORMATION ADVANTAGE TECHNOLOGY CYBER RESILIENCE Management Leader CONTENT SERVICES #1 6 Consecutive Years of Y/Y Growth 3,000 2,500 2,000 1,500 1,000 500 0 19.0% FY'15 Total Revenue Growth in CC 2.8% FY'16 27.0% 1. IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce Network 2018 Vendor Assessment, Simon Ellis, December 2018, Forrester WaveTM: ECM Content Platforms, Q3 2019, Cheryl McKinnon, July 24, 2019 IDC MarketScape: Worldwide Customer Communications Management Vendor Assessment, March 2020 FY'17 19.7% FY'18 89 of the world's largest 100 companies are OpenText customers 3.8% FY'19 9.7% FY'20 Open Text Confidential. ©2020 All Rights Reserved. 8#9#1 in Business Network Business Network opentext™ SPS Commerce Bamboo Rose Vecco STRATEGIES Open Text One Network LEADERS Infor GT Nexus E2open TrueCommerce MAJOR PLAYERS CONTENDERS PARTICIPANTS IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce Network 2018 Vendor Assessment, Simon Ellis, December 2018 1. Gartner Supply Chain Top 25 Results for 2020, Mike Griswold, June 26, 2020 Secular Growth Drivers: Supply chain restructuring, near-shoring, optimization Active Invoice with Compliance (AIC) • Sustainable, ethical supply chains. ● • "Zero-trust" supply chain ● 21 of the 25 largest supply chains in the world (1) are OpenText Business Network customers Open Text Confidential. ©2020 All Rights Reserved. 9#10Customer Story: Business Network Information helps Nestlé optimize supply chain operations "Nestlé has leveraged the Open Text Business Network for almost a decade to help optimize our supply chain operations from an IT standpoint. Like many other companies, Nestle is working through the COVID-19 crisis and appreciates the support and willingness of Open Text to work diligently with us during these challenging times." Ravindranath (Ravi) Arunasalam, Director Partner Productivity & Delivery, Business Solution Integration, Nestle Nestlé. Products: Open Text B2B Managed Services Active Intelligence opentext™ Active Invoices with Compliance Active Orders Open Text Confidential. ©2020 All Rights Reserved. 10#11opentext™ | Business Network OpenText's Business Network Open Text's cloud platform that securely connects data with people, systems and things and manages messaging and data between trade partners KEY SOLUTIONS Identity and Access Management On-prem and hybrid fax Open Text ANX Network Open Text Covisint Connect Open Text Easylink Trade Gateway Open Text Information Exchange (Trading Grid) opentext™ opentext Trading Cris Online Community Manager View and manage all aspects of your trading community New Documents OMMILY opentext Active Orders Custom Reports AF 1100 Onding Parts T All Custom opertext N ||||** DIST 100% ||| 181 26% opentext Active Orders GIG 1910 100% Open Text Confidential. ©2020 All Rights Reserved. 11 O 11 C#12#1 in Content Services CHALLENGERS CONTENDERS STRONG CURRENT OFFERING WEAK WEAK Content Services M-Files O Micro Focus O opentext™ STRONG PERFORMERS Newgen Software. IBMO O SER Group Nuxeo GRM Information O Management STRATEGY LEADERS Hyland Microsoft O Laserfiche Open Text Alfresco Software ¡Manage Box STRONG Forrester Wave™: ECM Content Platforms, Q3 2019, Cheryl McKinnon, July 24, 2019 Secular Growth Drivers: Paper to Digital transformation Enables digital workers to work from anywhere Growing compliance & regulatory requirements ● ● All the right data, in the right place, always up-to-date, in the same context Open Text Confidential. ©2020 All Rights Reserved. 12#13Customer Story: Content Services Information makes Agility more responsive. "Visibility into supply has been critical to helping us navigate the disruption brought by the COVID-19 pandemic. Open Text has helped us optimize customer service, allowing us to focus on getting goods to market." Deepak Sharma, Global IT Director, Business Solutions & Support, Agility Agility Products: Open Text Documentum Open Text Documentum XCP Open Text Info Archive opentext TM Open Text Intelligent Capture Open Text Professional Services AME Open Text Confidential. ©2020 All Rights Reserved. 13#14opentext™ | Content Services OpenText's Content Services Open Text's Content Services integrates with data repositories to deliver content lifecycle management, information access, governance, document and records management, data capture, indexing, version control, workflow management and analytics. KEY SOLUTIONS Open Text Content Suite Open Text Documentum Open Text Extended ECM Open Text Info Archive Open Text Intelligent Capture opentext™ 50031 Oly Inover Get 50580 M Courty DE EVS GmbH 50611 Oy Dis City Customer (43) Computer Mand Gren 50636 S Org 1000 Sales Org: 1000 Cash back campaign email B001xx 50031-Global Trade AG Country: DE innovate B M □ a innovate Dear Customer First Name Man Conoce Message Name + Q 03-Corespondence 04-Orts as-p 06-Qu opentext Exstream Communications Designer Global Trade AG (50031) innovate O POLKY SAP 65 P O O at O ent 11 opentext Magellan Thursday 20 February 2020 Disruption Management Dashboard Event Impact opentext CARBONITE Coronavirus Core Share 40,652 Catalyst OpenText Cloud logins LIAISON OCE BO Ⓡ Products & Solutions - 00 00 WEBROOT Core Capture ANX Industries BrightCloud INVESTIGATION OLENA'S P www HIGHTAIL Services Timeline-2-20m-reg-12) easylink wwww Ⓡ Support Trading Grid covisint GXS Open Text Confidential. ©2020 All Rights Reserved. 14 Environ KPI#15Leader in Cyber Resilience The Open Text Cyber Resiliency Bundle Backup & Recovery Cyber Forensics O Threat Intelligence BrightCloud® WEBROOT READERS PC PCMM.COM CHOICE Intrusion Prevention WEBROOT an opentext company opentext TM CARBONITE ChannelPro READERS CHOICE AWARD GOLD WINNER EnCase Forensic Brandon Hall -GROUP HCM EXCELLENCE AWARDS BRONZE EXCELLENCE IN LEARNING 2019 Secular Growth Drivers: ● • 5G Work From Anywhere 1. https://www.pcmag.com/news/readers-choice-awards-2020-antivirus-security-suite-software 2. https://www.usnews.com/360-reviews/antivirus/best-antivirus-software 3. https://www.usnews.com/360-reviews/antivirus/best-antivirus-software-for-mac ● • Mobility Webroot Best Antivirus - 2020 PC BEST BRANDS FOR 2020 WEBROOT PERFECT FIT FOR MSPs QExpert Winner of Readers' Choice Awards 2020: Security Suite Software by PCMag (¹) "Best Antivirus Software of 2020" by US News & World Report (2) "Best Antivirus Software for Mac 2020" by US News & World Report (3) THECHANNELCO. CRN SECURITY 100 2019 Open Text Confidential. ©2020 All Rights Reserved. 15#16Customer Story: Cyber Resilience Information accelerates digital transformation at Switch "The Open Text solution has helped us categorize, streamline, de-duplicate, thread, and then prioritize the data in a way that would not otherwise be possible. Open Text has helped us deliver 50% faster than the other providers we used previously." Sam Castor, EVP, Policy and Deputy General Counsel, Switch switch Products: Open Text Axcelerate Open Text EnCase eDiscovery opentext™ Open Text Insight Open Text Professional Services Open Text Confidential. ©2020 All Rights Reserved. 16#17opentext™ | Cyber Resilience OpenText's Cyber Resilience Open Text's Cyber Resilience products empowers customers to prevent, detect, react and recover from breaches and data loss. KEY SOLUTIONS BrightCloud Threat Detection Carbonite Data Backup Open Text Security Suite Webroot Endpoint Protection opentext™ OVERNEW 2 CAMPIGA MANAGEMENT F 0 STATION-OUENAS POPO 0 0 CUIDANCE Ⓒ % 00% Ma Ca Jigin A Ap Documen INFRASTRUCTURE DATA PROCESSING PRODUCT SERVICES Open Text Confidential. ©2020 All Rights Reserved. 17 M VI.1. 05.5ppm VINO s A0000. 600 KORTE UNITY AP 51#18Leader in Digital Experience CAPABILITIES Digital Experience - CCM Hyland opentext™ Cincom Unifiedpost Striata STRATEGIES Quadient Adobe ISIS Paryrus Open Text XMPie Conga Messagepoint Smart Communications LEADERS Nintex O Syncsort MAJOR PLAYERS CONTENDERS PARTICIPANTS IDC MarketScape: Worldwide Customer Communications Management Vendor Assessment, March 2020 Secular Growth Drivers: ● • Contactless retail and direct to consumer Physical to digital business ● • Omni-channel customer engagement Digital asset management Offers marketers greater insight and understanding into their campaigns by capturing data from interactions across web, social, mobile, email, call centers, forms and surveys Open Text Confidential. ©2020 All Rights Reserved. 18#19Customer Story: Digital Experience Information enables compelling digital experiences at RBC "We chose Open Text to deliver compelling digital experiences for our customers and employees and AWS is a central plank of our cloud infrastructure. It is great to see these companies working together to build strong managed services and support options for their joint customers." Patrick Chiu, Director, Enterprise Content Services, Digital Workplace Solutions, Corporate Systems, RBC RBC Products: Open Text Team Site Open Text Live Site opentext™ Open Text Confidential. ©2020 All Rights Reserved. 19#20opentext™ | Digital Experiences OpenText's Digital Experiences Platform Open Text's Digital Experience platform integrates with ERP and CRM systems to create, manage and deliver individualized customer experiences across all digital channels. KEY SOLUTIONS Open Text Experience Platform Open Text Exstream Open Text Media Management opentext™ 5007 opentext Experience insights 87.00% LLL opentext"| Qfiniti Journey Touchpoints 58.72% 13.04 GEO Campaign Comparison GH Welcome to Experience Insights, Guy Hellier! O 11.92% 5.60 2/2 5.99% 4.08 1.9% wwwwww. Edit analysis Call Center Sentiment Topic 000 Qfiniti Explore customer sentiment Analysis type Drill down Choose this for collecting the number of discrete events for each additional filter(s). Possible ways to view the data: graph, bar chart, or pie chart LEARN MORE >> opentext Media Management Digital Hub Searched Assets Review task Back to review Open Text Confidential. ©2020 All Rights Reserved. 20 S List Choose thi combinatio classificati the data: ta Che#21Total Growth Strategy Retain opentext™ Information Management Acquire Grow Retain Grow Acquire ● ● ● ● ● 78.2% ARR (FY'20) Mid 90%'s Renewal Rates (1) Growing Sales Breadth and Depth Product Innovation Accretive Acquisitions On Open Text's operating model in 12 months 1. Customer Support renewal rate was 94% for FY'20 and Cloud services and subscriptions renewal rate was in the mid-90's (does not include Carbonite). Open Text Confidential. ©2020 All Rights Reserved. 21#22Retain: Our World Class Customer Base Annual Recurring Revenue (ARR) (US$ M) opentext™ 125% $1,080 FY'14 $2,433 FY'20 1. As of June 30, 2020. Does not include Carbonite. Key Metrics Renewal Rates (1): Cloud: Mid 90%'s Off Cloud CS: 94% 96% Customer Satisfaction 90% Margin for Customer Support Retain Open Text Confidential. ©2020 All Rights Reserved. 22#23FY'21 Key Growth Initiatives Growth Initiatives opentext™ 1 Continue Migration to the Cloud 2 Broaden and Deepen Sales Coverage 3 Leverage Cyber Resilience 4 Accelerate Product Innovation Grow Open Text Confidential. ©2020 All Rights Reserved. 23#24Continue Migration to the Cloud 210% $373 FY'14 Cloud (US$ M) opentext™ $1,158 FY'20 Content Services Digital Experience Business Network Advanced Technology Cyber Resilience All Open Text products are cloud ready Grow Open Text Confidential. ©2020 All Rights Reserved. 24#25Broaden & Deepen Sales Coverage Enterprise Solutions Direct 2,000+ Field Facing Professionals GOAL opentext™ Strategic Partners SAP Ⓡ aws Google Cloud Double coverage of Global 10K from 40% to 80% in next 3 years through Direct and Partners (1) 1. Target made on OpenText's Investor Day 2019, Sept. 6, 2019 SMB & Consumer Solutions Channel Partners 16,000+ Partners GOAL Online & Retail 7M+ Consumers Grow Grow the number of partners and breadth of products offered through the channel Open Text Confidential. ©2020 All Rights Reserved. 25#26Leverage Cyber Resilience. Bundle: Carbonite & Webroot offerings opentext™ " Q Cross-Sell: to our Enterprise Customers 1. RMM - Remote Monitoring and Management, MSP - Managed Service Provider Grow: RMM and MSP Partners (1) s Grow Integrate: Carbonite on Operating Model by end of FY'21 Open Text Confidential. ©2020 All Rights Reserved. 26#27Accelerate Product Innovation Past opentext™ ---- Business Network Content Services Cyber Resilience Digital Experience Recent ● ● ● New Cloud Editions 20.2 H Standardized services platform Simplified sales and customer engagement Improved speed of customer deployment Seamless upgrade Product Releases Every 90 Days Present Grow Open Text Confidential. ©2020 All Rights Reserved. 27#28Acquire: Our M&A Criteria Retain Information Management Acquire opentext Grow Leadership in Key Markets $ M Financially Compelling O Value for Customers Large Install Base 8 Mission Critical Strong IP Portfolio Acquire Solid Track Record of Operating Cash Flows and High-Teens ROIC Open Text Confidential. ©2020 All Rights Reserved. 28#29Growing ARR While Expanding Margin 54.2% 29.7% 26.1% 24.3% FY'11 29.1% opentext FY'12 31.1% 20.0% FY'13 Growing ARR and Expanding Margin 33.7% 33.1% H 18.8% 15.9% FY'14 FY'15 36.8% 15.6% FY'16 34.7% 16.1% FY'17 36.2% 15.5% FY'18 (1), (2) 38.4% 14.9% FY'19 1. Please see Appendix A "Use of Non-GAAP Financial Measures" in our Q4 FY20 Financial Business Results presentation for reconciliation of GAAP to Non-GAAP measures. 2. Refer to note 1 of our Fiscal 2019 10-K for details on the impact of recently adopted accounting standards on prior period results. 78.2% 36.9% 13.0% FY'20 ARR % of Total Revenues A-EBITDA Margin License % of Total Revenues. Open Text Confidential. ©2020 All Rights Reserved. 29#30Proven Durable Business Model Annual Recurring Revenue (ARR) (US$ M) A-EBITDA & Margin(1), (2) (US$ M) 125% $1,080 FY'14 $2,433 opentext FY'20 78% ARR in FY'20 113% $538 33.1% FY'14 $1,148 36.9% FY'20 +380 bps since FY'14 1. Please see Appendix A "Use of Non-GAAP Financial Measures" in our Q4 FY20 Financial Business Results presentation for reconciliation of GAAP to Non- GAAP measures. 2. Refer to note 1 of our Fiscal 2019 10-K for details on the impact of recently adopted accounting standards on prior period results. 3. Free Cash Flows = Operating Cash Flows minus Capital Expenditures (or "Additions to property & equipment" in the Statement of Cash Flow). Free Cash Flows (³) (US$ M) 135% $375 FY'14 $882 FY'20 Strong Annualized Performance Open Text Confidential. ©2020 All Rights Reserved. 30#31FY'21 Target Model Revenue Type: Annual Recurring Revenue (ARR) License Cloud Services and Subscriptions Customer Support Professional Services and Other Non-GAAP Gross Margin License Cloud Services and Subscriptions Customer Support Professional Services and Other Non-GAAP Gross Margin (1) Non-GAAP Operating Expenses: Research & Development Sales & Marketing General & Admin Depreciation A-EBITDA Margin(¹) Interest and Other Related Expense USD million Adjusted Tax Rate (2) Capital Expenditures opentext™ Fiscal 2020 Model 76% -78% 13% -17% 34% -38% 38% -42% 7% 11% - 96% - 98% 58% - 60% 89% - 91% 18% - 20% 73% -75% 11% - 13% 18% - 20% 6% -8% 2% -4% 35% -36% $147 - $152 14% $72 - $77 Fiscal 2020 Results 78.2% 13.0% 37.2% 41.0% 8.8% 97.2% 61.3% 90.4% 22.7% 74.5% 11.7% 18.5% 7.3% 2.9% 36.9% $146.4 14% $73 1. Please see Appendix A "Use of Non-GAAP Financial Measures" in our Q4 FY20 Financial Business Results presentation for reconciliation of GAAP to Non-GAAP measures. 2. Please refer to historical filings, including our Forms 10-K and 10-Q, regarding the company's adjusted tax rate. 3. This model is not guidance. Fiscal 2021 Model (³) 80% - 82% 10% - 13% 41% - 43% 38% -42% 6% -9% 96% - 98% 63% -65% 89% - 91% 18% - 20% 74% -76% 12% -14% 18% - 20% 6% -8% 2% -4% 37% -38% $157 - $162 14% $85 - $95 Open Text Confidential. ©2020 All Rights Reserved. 31#32FY'21 OpenText Total Growth Strategy(¹) Total Revenue Growth (US$ M) 11.4% CAGR $1,625 FY'14 opentext™ $3,110 FY'20 1. As of August 6, 2020 Cloud Customer Support ARR Off Cloud (License & PS) Total Revenue New M&A Expected % Change y/y: Low double-digit growth Constant Mid-single digit growth Decline Constant Additive Open Text Confidential. ©2020 All Rights Reserved. 32#33FY'23 Aspirations: Continued Upper Quartile Performance opentext™ A-EBITDA Margin 38% -40% Free Cash Flow $0.9B-$1.0B Our 3-year aspirations remain constant during the pandemic crisis. We plan to reinvest any margin gains above 40% into growth initiatives. Open Text Confidential. ©2020 All Rights Reserved. 33#34Strong Liquidity and Cash Position. Current Liquidity (US$ M) Total Available & Committed Liquidity (¹) Capital Expenditures as % of Total Revenue (FY'14 to FY'20) 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 2.6% FY'14 opentext™ 4.2% FY'15 3.8% 3.5% III FY'16 3.7% FY'17 $1,843 FY'18 2.2% FY'19 2.3% FY'20 1. Excludes restricted cash. Includes Cash and the Undrawn Revolver of $150m as of June 30, 2020. Total cash & short-term investments at $1.693B (Jun 30/20) Cash Balance Trend Millions USD 1,800 1,600 1,400 1,200 1,000 Millions USD 800 600 400 200 1000 900 800 700 600 500 400 300 200 100 0 683 788 765 10 10 10 10 CY'20 CY'21 CY'22 CY¹23 ■TLB Debt Maturity Profile 595 i Q4 FY'18 Q1 FY'19 Q2 FY'19 Q3 FY'19 Q4 FY'19 Q1 FY'20 Q2 FY'20 Q3 FY'20 Q4FY'20 150 ■Drawn RCF 941 600 10 CY'24 999 933 Undrawn RCF 850 CY'25 CY'26 Axis Title 675 1,453 900 Senior Notes. 1,693 900 CY'27 CY'28 CY'29 CY'30 Open Text Confidential. ©2020 All Rights Reserved. 34#35Strong Cash Flow and Balance Sheet Cash Generated for M & A FY'20 (US$ M) Operating Cash Flows $955 Less: CapEx Free Cash Flows Less: Principal Less: Dividends Cash Generated for M&A $73 1. $882 $10 $189 $683 2.37x Trended Consolidated Net Leverage Ratio (1) 2.61X 2.30x 2.01x opentext™ Consolidated Net Leverage Ratio (pro forma) is calculated using bank covenant methodology. 1.86x 1.72x Q4 FY'17 Q1 FY'18 Q2 FY'18 Q3 FY'18 Q4 FY'18 Q1 FY'19 1.89x Q2 FY'19 1.70x 1.53x 1.48x Carbonite Acquisition Closing 2.28x 2.25x 2.04x Q3 FY'19 Q4 FY'19 Q1 FY'20 Q2 FY'20 Q3 FY'20 Q4 FY'20 Open Text Confidential. ©2020 All Rights Reserved. 35#36Track Record of Shareholder Returns Dividends Paid (1) (US$ million) opentext™ $74.7 FY'14 $87.6 FY'15 $99.3 FY'16 +153% $120.6 FY'17 $145.6 FY'18 $168.9 1. On August 5, 2020, the Board declared a cash dividend of $0.1746 per common share, unchanged from the prior year. 2. Dividend amount includes one quarter of dividends paid in Q4 FY'13. FY'19 $188.7 FY'20 We returned over $900 million in dividends back to shareholders. (²) Open Text Confidential. ©2020 All Rights Reserved. 36#37Executive Leadership Team (ELT) Mark J. Barrenechea CEO and CTO Madhu Ranganathan EVP, CFO Savinay Berry SVP, Lou Blatt SVP, Cloud Service Delivery Chief Marketing Officer opentext™ Muhi Majzoub EVP, Chief Product Officer Prentiss Donohue SVP, Partners & Alliances Gordon Davies EVP, CLO & Corporate Development Paul Duggan SVP, Revenue Operations Ted Harrison EVP, Sales David Jamieson SVP, CIO James McGourlay EVP, Customer Operations Doug Parker SVP, Corporate Development Craig Stilwell EVP, SMB & Consumer Sales Brian Sweeney SVP, CHRO Open Text Confidential. ©2020 All Rights Reserved. 37#38Information Makes Us More Information fuels knowledge. When we know more, only then can we understand, achieve, do and be more. opentext™ DIG via Open Text Confidential. ©2020 All Rights Reserved. 38#39opentext™ opentext™ The Information Company Open Text Confidential. ©2020 All Rights Reserved. 39#40opentext Thank you TM twitter.com/opentext in linkedin.com/company/opentext opentext.com