Total Growth Model: Cloud and ARR Growth
Micro Focus Anniversary: Commitments and Delivery (1)
Leverage Proven Open Text Business System to Drive Accretive Integration of Micro Focus (MF)
On or Ahead of Plan on Every Commitment
Day 1 Commitments
Accelerate MF cloud growth
Return MF to organic growth (2) by F'25
Enhanced visibility into business
Improve MF renewals
MF on OpenText A-EBITDA (3) model within
18 months
8-quarter (Dec 2024) deleveraging program
(< 3x Net Leverage)(4)
Continuation of dividend program (5)
Year 1 Achievements
Record MF cloud bookings in Q2 F'24
Expect to return to organic growth in F'24
$601M in Q2 F'24 MF Revenue
Disclosed revenue percentages of 6 businesses
Renewals increased from low 80s
to high 80s in F'24(6)
On A-EBITDA model by end of F'24
< 3x within 90 days of closing sale of AMC
Raised annual dividend to $1.00/share (5)
Looking Ahead
Continue cloud growth
Renewal rates in the 90s
.
Continue to unlock value in:
IT Operations Management
Enterprise Cyber Security
Application Automation
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opentext™
(1), (2), (3), (4), (5), (6) See Slide Notes
© 2024 Open Text
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