FY'24 Medium-Term Aspirations

How We Create Value Profitability Total Revenue Growth Model . Organic growth Total Revenue Growth • Acquired growth • Profitability Value Capital Efficiency Capital Efficiency • Value Creation 12% Total Revenue CAGR (FY'13 to FY'21) High recurring revenues Upper quartile A-EBITDA margin Growing free cash flows Free cash flows return greater than cost of capital 33% of TTM FCF towards dividends and anti-dilutive share buyback 39% A-EBITDA margin (FY'21)(1) 10.8% FCF/Avg Invested Capital(1).(2) opentext™ 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. OpenText ©2022 All rights reserved 2. For the year ended June 30, 2021. Includes IRS settlement payment of $299.6M. FCF/Average Invested Capital is calculated as FCF expressed as percent of average invested capital for the two most recent comparative fiscal year ends. Invested Capital is defined by and sourced by Bloomberg. Please refer to Bloomberg definition code RX215. 18

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