Strategic M&A: Foundation for Our Business

Sustainable Growth Annual Recurring Revenue (ARR) ($US M) Off-Cloud 125% $1,080 $2,433 FY'14 FY'20 opentext™ 1. For the quarter ended December 31, 2020. Excludes Carbonite 94% Renewal Rate¹ Cloud 96% Renewal Rate¹ Targeting Upper Quartile Renewal Rates Compelling product and security updates • Proven highly effective. model of Land, Adopt, Expand, Renew (LAER) • Provide best in class expertise both in systems and people OpenText Confidential. ©2021 All Rights Reserved. 56

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