Be a Climate Innovator

Strong Cash Flows and Balance Sheet Cash (USD$B) (as of 03/31/23) Net Leverage Ratio (1) Total Cash $1.4B TTM Q3 F'23 (USD$M) Pro forma Net Leverage Ratio (1) Expected quarterly debt reduction of $175M+ 3.3x < 3.0x 2.1x 2.0x Operating Cash Flows Less: CapEx $916 1.9x 2.0x 2.0x Micro Focus Transaction Close $138 Q2 F'22 Q3 F'22 Q4 F'22 Q1 F'23 Q2 F'23 Free Cash Flows (2) $778 Q3 F'23 Within 8 Full Quarters of Close Debt Maturity Profile (USD$M) (4) (as of 3/31/23) Less: Principal $19 Term Loan B 900 Less: Dividends $254 Acquisition Term Loan B [] Undrawn Revolver Reduced by Less: Share Buyback Cash Generated for Corporate Purposes (3) $41 $464 Drawn Revolver $175M subsequent Senior Secured Notes Senior Notes to 3/31/2023 3,334 450 300 933 1,000 900 850 650 C'22 C'23 C'24 C'25 C'26 C'27 C'28 C'29 C'30 C'31 1. Consolidated Net Leverage Ratio (proforma) is calculated using bank covenant methodology. opentext™ 2. 3. 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. Corporate purposes may include acquisitions, debt repayment, share repurchases, or other initiatives. 4. Term Loan B and Acquisition Term Loan B are net of mandatory debt repayments only. OpenText ©2023 All rights reserved 14

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