#1opentext™ Business 2030 - Beyond Digital Mark J. Barrenechea OpenText CEO & CTO [email protected]#2Safe Harbor and IP Statement This presentation contains forward-looking statements or information (forward-looking statements) within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the Exchange Act), Section 27A of the U.S. Securities Act of 1933, as amended, and other applicable securities laws of the United States and Canada, and is subject to the safe harbors created by those provisions. All statements other than statements of historical facts are statements that could be deemed forward- looking statements. Certain statements in this presentation, including statements about Business 2030, future trends, operational and business metrics, product offerings and associated benefits to customers, ESG initiatives, and other matters, which may contain words such as “anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "could," "would," "might," "will" and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements or information 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. Our estimates, beliefs and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and, as such, are subject to change. We can give no assurance that such estimates, beliefs and assumptions will prove to be correct. These forward-looking statements involve known and unknown risks and uncertainties, such as those relating to: all statements regarding the expected future financial position, results of operations, cash flows, dividends, financing plans, business strategy, budgets, capital expenditures, competitive positions, growth opportunities, plans and objectives of management; and our ability to develop, protect and maintain our intellectual property and proprietary technology and to operate without infringing on the proprietary rights of others. We rely on a combination of copyright, patent, trademark and trade secret laws, non-disclosure agreements and other contractual provisions to establish and maintain our proprietary rights, which are important to our success. From time to time, we may also enforce our intellectual property rights through litigation in line with our strategic and business objectives. 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. For additional information with respect to risks and other factors which could materially affect our business, financial condition, operating results and prospects, including these forward-looking statements, see our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings we make with the Securities and Exchange Commission (SEC) and other securities regulators. For these reasons, we caution you not to place undue reliance upon any forward-looking statements. opentext™ OpenText Confidential. ©2023 All Rights Reserved. 2#3We Are On the Cusp of a New Global Era Generation Digital Digital Life, is Life. opentext™ Reaching new productivity and prosperity - Harnessing the world's resources (water, food, fuels, minerals, plants, animals) Unlocking human potential - The next generation of superhuman talent with augmented intelligence Global connections - The re-shaping of economies by frictionless flows of goods, people, capital, and ideas New technologies and markets of the future - The next big arenas of value and competition (Al, Quantum, Verse, Trust, Climate, Talent) OpenText Confidential. ©2023 All Rights Reserved. 3#4There Are Two Stories opentext™ Utopia: Technology will save us Dystopia: Technology will harm us OpenText Confidential. ©2023 All Rights Reserved.#5Deception of Linear vs Exponential opentext™ Progress 2020 My life is so predictable Time I did not expect this! M ak 9 Where you actually end up in the future Exponential growth surprise factor Where you think you will end up in the future Open Text Confidential. ©2023 All Rights Reserved. 5#64 Exponential Forces Today The Rate of Automation (software, robots, machines) opentext™ The Increase in Computing Power (doubling every 18 months) The Power of the Network (nodes, connected users, machines) The Growth of Information (new data sets) OpenText Confidential. ©2023 All Rights Reserved. 6#7The Exponential Growth of Information Information Forces opentext™ Information is Abundant and Everywhere Low Frictional Costs to Store Information Business Transactional Data Customer Experience Data Asset / Inventory Sensor Data Robotics Tag Everything Data (trains, planes, automobiles) Supply Chain and Trading Security Machine Generated OpenText Confidential. ©2023 All Rights Reserved. 7#8The Verse: The Next Era of Computing and Opportunity Information and Cognitive Driven Seamless shifts between physical & digital (Phygital) • A level: Al, Automation, Algorithms, Applications, Augmented Reality More human: workforce is fluid and global Always on, Fully connected, Instant Calculation Mainframes Monolithic opentext™ Client server Client server Automation http://www. Internet Cloud Webservices Cognitive 20th D Digital B The Verse Microservices Open Text Confidential. ©2023 All Rights Reserved. 8#9Business 2030 Total Enterprise Reinvention • Businesses become digital ecosystems • ● All industries transformed Every company is an information company New Rules Sustainability, climate innovation, the Green Ledger Social justice; Truth and reconciliation Data trust and compliance opentext™ Human-centric Work & Workplaces Generation Y/Z to dominate the workforce New expectations Instant experiences Want control of their time, space, careers New Requirements Extended reality Voice / facial interfaces The Verse Al to drive NEW galactic growth - larger than all the output of China and India combined OpenText Confidential. ©2023 All Rights Reserved. 9#10Business 2030 Technology Drivers Climate Supply Chains Inflation opentext™ 8 Talent Inclusion Regionalization AI TAUGH IQ of an Einstein Automation Quantum Longevity Security Trust Energy Cloud Miniaturization Connectivity War Open Text Confidential. ©2023 All Rights Reserved. 10#11NASA Climate Spiral 1880-2022 By 2025, half of all CIOs will have performance metrics tied to sustainability By 2027, 25% of G2000 companies will have a Chief Sustainability Officer opentext™ NOV OCT SEP DEC AUG JAN +1°C -1°C. 2022 JUL FEB JUN Source: NASA Global Climate Change MAR APF MAY +2°F +1°F 8 0° 2022 2000 1980 1940 1920 SAVO 1880 0° OpenText Confidential. ©2023 All Rights Reserved. +1°F +2°F 11#12The World: 4°C Warmer ● Climate is the number 1 risk Top agenda item for business Humans have already warmed the planet by 1°C At 4°C, the world's population will shrink 50% The journey from 1°C to 4°C will be chaotic Information Management can reduce CO₂ emissions by 10% opentext™ No one knows exactly what this world will look like, but models provide insights into forced human migrations and our future power generation Arctic passage With no sea ice, this valuable shipping route is open all year, providing transportation links beween habitable zones in Canada and Russia Canada Reliable precipitation and warmer temperatures provide ideal growing conditions for most of the world's subsistence crops South-west US Desertification led to the last inhabitants of this region migrating north. The Colorado river is a mere trickle. The land is used for solar farming and geothermal energy Peru Deglaciation means this area is dry and uninhabitable Western Antarctica Unrecognisable now. Densely populated with high-rise cities Food-growing zones/ Compact high-rise cities Uninhabitable desert Greenland Greenland's ice sheet will be melting rapidly North Africa/Middle East/ Southern US Solar Energy Belt stretches for thousands of kilometres, employing a mixture of photovoltaic and solar thermal energy. At frequent intervals a high voltage direct-current substation sends power north Amazon Desert Patagonia Melted glaciers revealed a new arable zone, although the poor soils needed preparation Scandinavia/UK/Northern Russia/Greenland Compact high-rise cities would provide shelter for much of the world's population Uninhabitable due to floods, drought or extreme weather ⠀⠀⠀⠀⠀ S Africa Mostly desert, though some models show greening of the Sahel Source: Earthly Mission Crew Potential for reforestation Southern Europe Deserts have encroached on the continent, rivers have dried up and the Alps are snow-free. Goats and other hardy animals are kept at the fringes Asia Most of the Himalayan glaciers have melted, with repercussions for many of the major rivers in the region. Bangladesh is largely abandoned, as is south India, Pakistan and Afghanistan. Isolated communities remain in pockets Land lost due to rising sea levels, assuming a 2-metre rise Siberia Reliable precipitation and warmer temperatures provide ideal growing conditions for most of the world's subsistence crops ● Solar energy Southern China Dried rivers and aquifers mean this region has been abandoned. Intense monsoons have helped erode the land, leaving a dustbowl Australia In the far north and Tasmania, compact cities house people and crops are grown. The rest of the continent is given to solar energy production and uranium mining for nuclear power :::: Geothermal energy Polynesia Vanished beneath the sea • New Zealand Unrecognisable. This densely populated island state has high-rise cities and intensive farming Wind energy#13Talent: Gen X, Y, and Z trends ... Different Expectations Silent S Born: 1928 to 1945 Age 77 to 94 1928 1945 opentext™ Generations Defined Boomer B Born: 1946 to 1964 Age 58 to 76 1946 1964 Gen X Born: 1965 to 1980 Age 42 to 57 1965 1980 Age in 2022 Gen Y Born: 1981 to 1996 Age 26 to 41 1981 1996 Gen N Born: 1997 - 2012 Age 10 to 25 1997 2012 100% 80% 60% 40% 20% 0% Gen Z in Workforce 2015 Gen Z Source: PEW Research Center | US Dept of Labor and Company Estimates Gen Y 2025 Gen X Boomers 2030 Silent OpenText Confidential. ©2023 All Rights Reserved. 13#14Information Barriers Are Gone: 68 clicks 1 58,466 Users Users' Facebook Likes User 1 User 2 User 3 User n 55,814 Likes opentext™ art 1 0 1 ……. 1 cnn.com 1 1 0 ⠀ ⠀ (...) O BMW 1 0 1 ... 0 User - Like Matrix (10M User-Like Pairs) 2 58,466 Users Singular Value Decomposition 100 Components Comp₁ Comp2 User 1 User 2 User 3 (...) User n 1.2 1.5 .7 .3 -.4 -.6 .1 1 ()⠀⠀⠀⠀ Comp 100 -.2 4.7 -.6 User - Components Matrix Source: University of Cambridge 3 Prediction Model Using Logistic or Linear Regression (with 10-fold cross validation) ... e.g. age=a + B₁C₁ + · + BnC 100 Predicted variables Facebook profile: age, gender, political and religious views, relationship status, proxy for sexual orientation, social network size and density Profile picture: ethnicity Survey / test results: BIG5 Personality, intelligence, satisfaction with life, substances use, parents together? Age Gender Ethnicity Religion Political Views Orientation Addictions Intelligence (IQ) OpenText Confidential. ©2023 All Rights Reserved. 14#15Al Will Change the World, and Drive New Arenas of Growth To take advantage of Al you need to have all the relevant information (external/internal), in the right place (virtual), in the right format (machine readable), always up to date. CHAT GPT opentext™ BARD ERNIE BOT TODAY: Generative Al advances Human Learning via super search TOMORROW: • Generated drug therapies Gene editing of seeds and food Perfect risk assessment Design Autonomous movement The 3 key Al ingredients: Information + Algorithms + Learning Open Text Confidential. ©2023 All Rights Reserved. 15#16Quantum ... Are We Ready For Q2K ? Not soon WHEN HUMANS TRANSCEND BIOLOGY THE opentext™ SINGULARITY IS NEAR RAY KURZWEIL AUTHOR OF THE AGE OF SPIRITUAL MACHINES Soon QUANTUM COMPUTING SINCE DEMOCRITUS SCOTT AARONSON T Time to Prepare YA SANMENECHEA DECODING THE OPENVERSE™ MARK J. BARRENECHEA VERSANT U LIETUL VERSANT Decoding the OpenVerse' By Mark J. Barrenechea Open Text Confidential. ©2023 All Rights Reserved. TM 16#17Trust in Software Uber admits its "Greyball" software is still being used wirecard Wirecard Scandal $2B Missing opentext™ Misuse Volkswagen. Gas Auto. #Dieselgate FTX 1021 FTX Scam Cambridge Analytica 100 facebook Facebook-Cambridge Analytica data scandal Pandora Papers The Pandora Papers investigation PC Coun SHIPAA egulations PARTICIPATING ORGANIZATION" Compliant Security ITAR ernational Image by: Wikimedia Commons ®ווס uy send CJIS CYBER ESSENTIALS PLUS cloud CSA security alliance Compliance OF UNITED STATES DEFENSE IN AMERICA OF EDUCATION UNITED STATES OF AMERICA FDA FedRAMP FIPS 140-2 FIPS APHY GOV.UK ganization Org Service AICPA SOC acpa.org/soc Formerly SAS 70 Reports TUV AUSTRIA irap NIST OpenText Confidential. ©2023 All Rights Reserved. 17#18Miniaturization: From Human to Sub-Atomic Scale "Things" are radically miniaturizing and creating a galactic amount of information Blink and you are on the internet. Recognize people, language. Monitor diabetes, sugar levels. Solar cell module Energy-storage module Electrical interconnects Semitransparent display and microlens array opentext TM Biosensor module Sensor readout and control circuit Telecommunication and power reception antenna Display control circuit Radio and power conversion circuit From scanning for cancer to delivering targeted chemotherapies. A long and important list: Integrated circuits Sensors Materials Optics Communications Payments OpenText Confidential. ©2023 All Rights Reserved. 18#19Business 2030 Top Industry Trends Retail Experience (Phygital) 6888 Energy Electrification opentext™ Manufacturing Financial Services Health Care Regionalized Government A quarterly tax bill Micro services ww "וו *S Agriculture editing!! Full gene editing N D DO Live to 100+ CPG Digital twins BioTech Al driven therapies Insurance Perfect underwriting and pricing Open Text Confidential. ©2023 All Rights Reserved. 19#20By 2030, the Verse Could Generate $4 Trillion to $5 Trillion Across Consumer and Enterprise Use Cases The Verse revenue estimates $ trillion opentext™ 5 4 3 2 1 0.2-0.3 2022 4-5 2030 Consumer use cases Enterprise use cases Relative 2030 use case potential Medium Low • digital media ● ● health and fitness virtual assets VR/AR hardware ● • central government construction consumer services insurance investment local government resource industries utilities THE VERSE Source: McKinsey analysis ads education gaming live entertainment High education / training banking • healthcare provider transportation wholesale ● e-commerce ● discrete manufacturing media process manufacturing professional services retail telecommunications OpenText Confidential. ©2023 All Rights Reserved. 20#21Impact Map of the Verse ● ● By 2026 the average person will spend about 1 hr/day in the (or "a") Verse Build products and solutions that support the Verse Identify and explore all opportunities opentext™ MR NFT AR AI IP VR 5G Taxes Insurance Blockchain Sustainability Carbon Footprint Raw Materials Shortage National Security Digital Humans Spatial Computing Greenhouse Gas Electricity Jurisdiction Ownership of Digital Assets Privacy Criminal Activity Technological Environmental Regulatory / Legal DEI Source: Gartner The Verse Trust / Ethics Political Safety & Bias Economic Social / Cultural Anonymity & Identity Communication Propaganda Disinformation Walled Gardens Distributed Workforce Industry Specific Abuse & Cyberbullying Mental Health Cyberwarfare Loneliness Virtual Nations Deepfake Ownership Global Economic Impact Decentralization Economic Inequality Desensitizing Polarization Brand Impact OpenText Confidential. ©2023 All Rights Reserved. 21#22Why I Am an Optimist 25 20 15 10 5 0 Billions 1960 2.5 2 1.5 1 0.5 0 1990 Child Mortality 1980 2000 Poverty 2015 Poverty ($2.15/day) 2005 opentext™ 2020 2021 2022 2030 2030 100 95 90 85 80 75 70 65 60 55 50 1960 100 90 80 70 60 50 40 30 1970 Life Expectancy 1980 2000 2015 Education 2000 2021 2020 2030 2030 100 Percentage 95 90 85 80 75 70 65 60 2000 100 90 80 70 60 50 40 30 20 10 Access to Basic Needs 0 Electricity 2000 2005 Water Source 2010 2004 Extreme Connectivity Mobile Subscribers 2008 2015 2012 Internet Users Source: Our World in Data, Statista, UNICEF and Company Estimates 20 20 2016 20 20 2030 2030 60,000 54,000 48,000 42,000 36,000 30,000 24,000 18,000 12,000 6,000 0 1950 Global Exports 2000 2009 2016 2021 OpenText Confidential. ©2023 All Rights Reserved. 2030 22#23opentext™ Digital Life is Life - Help companies move beyond digital and achieve Business 2030 Technology is radically reshaping human life - People will live longer (120), be smarter (IQ of 160) and have more income Every industry - Will be radically changed Every Company - Needs to be both an information and software company opentext™ OpenText Confidential. ©2023 All Rights Reserved. 23#24opentext™ Thank You