Modern Work Management

$ in millions $ in millions Investing For Growth Non-GAAP R&D (1,2) - Investing in Innovation. $450 FY'22 Model: 12%-14% $400 12.2% 12.2% $350 11.7% $300 11.3% 11.0% $250 12.0% $200 $412 $421 $365 $150 $317 $317 $274 $100 $50 $- FY'17 FY'18 FY'19 FY'20 FY'21 TTM Q2 FY'22 Future -80%+ of our investments will be in cloud technologies Non-GAAP Sales & Marketing (1,2) - Investing in Sales Coverage $700 FY'22 Model: 18% - 20% $600 18.4% 17.8% 18.5% $500 18.5% 17.8% $400 19.0% $300 $576 $604 $633 $520 $510 $200 $435 $100 $- FY'17 FY'18 FY'19 FY'20 FY'21 TTM Q2 FY'22 opentext™ Investing for Scale Contracts Management & Renewals Automation, Global Technical Support Automation, Re-imagined www.opentext.com, Learning Management Transformation and many more . Catalysts for organic growth • Efficiencies in renewals, billings & collections Increased self-service, driving customer satisfaction Consistent Upper Quartile A-EBITDA Margins (1) Total Revenue Growth Technology Automation and Higher Productivity A- EBITDA Non-Linear Headcount Growth 1. Please refer to "Use of Non-GAAP Financial Measures" in the Q2 FY'22 investor presentation (Feb 3, 2022) 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. Represents % of Total Revenue. Open Text ©2022 All rights reserved 88

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