OpenText Investor Presentation Deck

Investing For Organic Growth $ in millions $250 E $200 $150 $100 $50 $- A $450 $400 $350 $300 $ in millions Non-GAAP R&D (1,2)- Investing in Innovation $700 $600 $500 $400 $300 $200 $100 $- 12.0% $274 19.0% $435 FY'17 11.3% opentext™ $317 18.5% $520 11.0% FY'18 $317 FY¹17 FY'18 Future - 80%+ of our investments will be in cloud technologies Non-GAAP Sales & Marketing (1,2)- Investing in Sales Coverage FY'22 Model: 18% - 20% FY'19 17.8% $510 11.7% FY'19 $365 FY'20 18.5% $576 12.2% FY'20 $412 FY¹21 17.8% $604 12.2% FY'21 $426 TTM Q3 FY'22 18.8% $654 FY'22 Model: 12% -14% TTM Q3 FY'22 Research & Development ($ and in % of Total Revenues)(1).(2) R&D% of Total Revenues R&D US$ 10.5% $194 M FY'15 12.2% $426 M TTM Q3 FY'22 12-14% 1. 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. 2. Represents % of Total Revenues. FY'22 Anticipated $2.2B+ investment in R&D over the next 5 years OpenText ©2022 All rights reserved 21

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