Be a Climate Innovator

Financial Targets and Aspirations Continued investment in growth initiatives Driven by 15% + Enterprise Cloud Bookings (1) Growth (Y/Y) (in constant currency) Inclusive of Micro Focus Updated Financial Target F'23 Preliminary Financial Target 3 Year Aspirations F'26* F'24* Organic Growth (%Y/Y) (2) 1% to 2% 1% to 2% 2% to 4% Total Revenue Growth (% Y/Y) 30% to 32% ~$4.54B to $4.61B 33% to 35% ~$5.9B to $6.0B A-EBITDA Margin (3) FCF(3,4) (USD$B) • *Assumes: 2% to 4% ~$6.2B to $6.4B 32.5% to 33.5% 36% to 38% 38% to 40% $580M to $620M $800M to $900M $1.5B+ F'24 OpenText (excluding Micro Focus) organic growth in constant currency of 1.5% to 2.5% and Micro Focus (excluding OpenText) organic growth constant F'26 OpenText (excluding Micro Focus) organic growth in constant currency of 3% to 5% and Micro Focus (excluding OpenText) organic growth in constant currency of 1% to 3% opentext™ 1. Enterprise cloud bookings is defined as the total value from cloud services and subscription contracts, entered in the period that are new, committed and incremental to our existing contracts, excluding the impact of Carbonite and Zix. 2. Organic revenue growth is calculated by removing the revenue contribution from newly acquired companies for the first year post acquisition. 3. Please refer to "Use of Non-GAAP Financial Measures" at the end of this presentation 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. 4. Free Cash Flows on a reported basis. OpenText ©2023 All rights reserved 16

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