OpenText Investor Presentation Deck

Q3 F'23 Quarterly Factors ● Recession risk Inflation, supply chain ● • Strength of US dollar Geopolitical Externalities opentext™ Company Specific (¹) Expect Q3 Y/Y Revenue in constant currency: Total revenues of $1.18B to $1.22B • Micro Focus contributing $310M to $325M Open Text standalone to achieve positive organic growth ● ARR (2) of $0.96B to $1.00B Micro Focus contributing $245M to $260M FX revenue headwind of $30M to $35M Y/Y ● Expect Q3 Y/Y A-EBITDA in constant currency: Margin % down 600 to 700 bps Excluding Micro Focus, dollars and margin % constant ● FX A-EBITDA headwind of less than $5M Y/Y Our business is annual, and quarters will vary 1. Numbers are estimates only. 2. Annual Recurring Revenue (ARR) is defined as the sum of cloud services and subscriptions revenue and customer support revenue. OpenText ©2023 All rights reserved 18

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