Total Growth Model: Cloud and ARR Growth
Significant Value Creation
F'22 to F'26 After the Acquisition of Micro Focus and Divestiture of AMC
More than Double the Total Addressable Market (TAM)
Total Addressable
Market(1)
$92B
$200B+
OpenText
Prior to Micro
Focus
June 30, 2022
F'26 Aspirations
excluding AMC (2)
(estimated, pro forma)
.
•
•
•
Micro Focus Added Leading Products
for New Strategic Buying Groups
Enterprise Security (CISO)
IT Operations Management (CTO)
Application Automation (DevOps)
Al & Analytics (C-suite executives)
Cloud Organic
Growth
3.6%
~$5.7B outlay
7% to 9%
(in CC)(3),(4)
Micro Focus
acquisition
(January 31, 2023)
Total Revenue
$3.5B
$5.7B to $5.9B
A-EBITDA(5)
$1.3B
~$2.0B net inflow
(after taxes and fees)
AMC divestiture
$2.1B+
.
(by June 30, 2024)
•
A-EBITDA Margin(5)
36.2%
36% to 38%
•
(%)
$3.7B
•
Free Cash
Flows(5),(6)
$0.9B
Net investment
$1.2B to $1.3B
No Equity Dilution for Shareholders
opentext™ (1), (2), (3), (4), (5), (6) See Slide Notes
Estimated Impact of $3.7B Net
Investment:
$2.2B+ increase in total revenue
$800M+ increase in A-EBITDA (5)
A-EBITDA(5) margin constant or better
$300M+ increase in FCF(5),(6)
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