Strategic M&A: Foundation for Our Business

How We Create Value Growth Profitability Value opentext™ Growth Profitability Capital Efficiency Capital Efficiency • 12.5% Total Revenue CAGR (FY'13 to FY'20) • Our business is predictable at 80% + ARR F'22 outlook of 1%-2% Total and 3%-4% Cloud organic growth Strong M&A pipeline and new deals additive to our total growth • 2Q FY'21 TTM Adj EBITDA1 margin of 38.8% with long-term aspiration of 38% to 40% • TTM FCF1 of $1.1B, with long-term aspiration of $1.1B to $1.2B • TTM FCF conversion2 of 32% • . • Strategic-oriented acquiror Target -20% TTM FCF for dividends High-teens ROIC 1. Please refer to "Use of Non-GAAP Financial Measures" in the Q2 FY'21 investor presentation (Feb 4, 2021) 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 2. FCF conversion is FCF as a % of Total Revenue for 2Q FY'21 TTM OpenText Confidential. ©2021 All Rights Reserved. 80

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