Total Growth Model: Cloud and ARR Growth

Expand Our Competitive Advantage in Information Management Investments in Innovation Driving Cloud and ARR Organic Growth Growing Innovation Investment $1,000 $900 $800 $700 $600 $500 $400 R&D (USD$ millions) 16% 15% 14% R&D (as % of Revenues) 13% 12% $300 $200 11% $100 $0 10% 2015 2020 2024E R&D $ R&D % of Revenue opentext™ (1), (2) See Slide Notes Organic Growth in CC 5% 4% 3% 2% 1% Organic Growth (1) F'26 Aspirations Cloud Organic Growth in CC(2) 7% to 9% ARR Organic Growth in CC(2) 2% to 4% 0% F'21 F'22 F'23 Total Organic Growth in CC(2) 2% to 4% ARR Cloud © 2024 Open Text 15

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