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Strong Cash Flows and Balance Sheet Cash (USD$B) (as of 03/31/23) $1.4B Total Cash TTM Q3 F'23 (USD$M) Operating Cash Flows Less: CapEx Free Cash Flows (²) Less: Principal Less: Dividends Less: Share Buyback Cash Generated for Corporate Purposes (³) opentext™ $916 $138 $778 $19 $254 $41 $464 2.0x Q2 F¹22 I Term Loan B Acquisition Term Loan B 0 Undrawn Revolver Drawn Revolver Senior Secured Notes Senior Notes C'22 C'23 Net Leverage Ratio (¹) 1.9x Q3 F'22 Reduced by $175M subsequent to 3/31/2023 450 300 C'24 2.0x Q4 F¹22 933 C'25 2.1x Debt Maturity Profile (USD$M)(4) (as of 3/31/23) C'26 Q1 F¹23 1,000 C'27 2.0x 1. Consolidated Net Leverage Ratio (proforma) is calculated using bank covenant methodology. 2. 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. 3. Corporate purposes may include acquisitions, debt repayment, share repurchases, or other initiatives. 4. Term Loan B and Acquisition Term Loan B are net of mandatory debt repayments only. Q2 F¹23 900 C'28 850 Pro forma Net Leverage Ratio (¹) Expected quarterly debt reduction of $175M+ 3.3x Micro Focus Transaction Close C'29 Q3 F¹23 900 3,334 C'30 < 3.0x Within 8 Full Quarters of Close 650 C'31 OpenText ©2023 All rights reserved 14

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