OpenText Investor Presentation Deck

Return on Invested Capital (ROIC) ROIC (OTEX Calculation) Adj. Operating Income (after-tax) We measure our ROIC annually. It is defined as our non-GAAP net operating profit after tax, divided by our average invested capital (Debt + Equity - Cash Deferred Tax) Non-GAAP net operating profit after tax is our non- GAAP based income from operations (as previously defined), net of our non-GAAP tax rate opentext Invested capital is defined as our total debt, plus total equity, less the sum of total cash and total net deferred tax assets (liabilities), as they each appear on our Consolidated Balance Sheets TN 1. Estimated. To be confirmed. 2. Please refer to historical filings, including our Forms 10-K and 10-Q, regarding the company's adjusted tax rate. ROIC (in US$M) Non-GAAP based income from operations (1) Adjusted Tax Rate (%) (²) Non-GAAP based operating income after non-GAAP tax Total Debt (incl. Current Portion of LT Debt) + Total Shareholders' Equity - Cash & Cash Equivalents - Net Deferred Tax Assets (Liabilities) = Invested Capital Average Invested Capital (Avg. Current Yr. & Prior Yr.) FY'20 17.6% 14% FY'21 $911 19.0% $1,059 $1,230 $1,177 14% FY'22 $1,058 18.1% 14% $1,012 $4,194 $3,589 $4,220 $4,007 $4,099 $4,032 $1,693 $1,607 $1,694 $763 $689 $744 $5,814 $5,745 $5,392 $5,178 $5,569 $5,603 44

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