FY'24 Medium-Term Aspirations

FY'22 Target Model Fiscal 2021 Actuals Fiscal 2022 Model (3,4) Revenue Type: Cloud Services and Subscriptions Customer Support Annual Recurring Revenue (ARR) License Professional Services and Other 41.6% 42% -44% 39.4% 37% -39% 81.0% 81% - 83% 11.4% 9% - 11% 7.7% 7% -9% Non-GAAP Gross Margin: Cloud Services and Subscriptions 66.0% 65% - 67% Customer Support 90.9% 91% - 92% License 96.4% 96%-98% Professional Services and Other 25.1% 23% -24% Non-GAAP Gross Margin (1) 76.1% 75% - 77% Research & Development Non-GAAP Operating Expenses: Sales & Marketing General & Admin 12.2% 12% - 14% 17.8% 18% - 20% 7.3% 7% -9% Depreciation 2.5% 2% -4% Total Operating Expenses 42% -44% A-EBITDA Margin (1) 38.8% 35.5% 36.5% Interest and Other Related Expense (USD millions) $151.6 $156 - $161 Adjusted Tax Rate(2) 14% Capital Expenditures (USD millions) $63.7 14% $80-$90 1. Please refer to "Use of Non-GAAP Financial Measures" at the end of this presentation and "Reconciliation of selected GAAP-based measures to Non-GAAP-based measures" included within our current and historical filings on Forms 10-Q, 10-K and 8-K. 2. Please refer to historical filings, including our Forms 10-K and 10-Q, regarding the company's adjusted tax rate. opentext™ 3. This model is not guidance. 4. Reflects the acquisition of Zix Corporation. Bricata acquisition impact is immaterial and not included. OpenText ©2022 All rights reserved 8

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