OpenText Investor Presentation Deck

$20B+ M&A Opportunity Aligned with TAM Segmentation (1) Large fragmented market (¹) with no scarcity of assets Content Services Business Network Digital Experience Security & Protection Total opentext™ 1. CY'22-'25 CAGR % $24B 11% $22B 9% $25B 7% $21B 9% $92B 9% > 200 >400 > 200 >200 >1,200 companies >$5B >$3B >$5B >$5B >$20B Source: Estimates based on individual market reports from International Data Corporation (IDC). M&A Approach and Criteria ✔Lead with market segmentation ✓High adjacency within Information Management Expands market presence, customer base, technology position ✓Contributes to organic growth On operating model in 12 months ✔Free cash flows, returns-based, 5-7 year payback 24

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