Market Expansion and Value Creation

Core Value Drivers Expanded: Running the OpenText Playbook Total Revenue Growth Organic Acquisitions Total Revenue Growth Cloud Growth + Gross Margin R&D Reinvest for Growth R&D + S&M S&M G&A Improve Cost Structure Automation A-EBITDA ΑΙ opentext™ (1), (2) See Slide Notes Margin Expansion + Strong Free Cash Flows Capital Allocation Acquisitions Value Creation Innovation Debt < 3x (1) Dividend (2) (~20% of TTM FCF) © 2023 Open Text 7

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