OpenText Investor Presentation Deck

Proven Durable Business Model Annual Recurring Revenue (ARR) (US$ M) 106% $1,080 FY'14 $2,220 opentext Q2 FY'20 TTM Renewal Rates(³): Cloud: mid 90%'s Off Cloud CS: low 90%'s A-EBITDA & Margin(1), (2) (US$ M) 108% $538 33.1% FY'14 $1,117 38.1% Q2 FY'20 TTM A-EBITDA Margin(1) +500 bps since FY'14 1. Please see reconciliation of GAAP to Non-GAAP measures in our historical filings. 2. Refer to note 1 of our Fiscal 2019 10-K for details on the impact of recently adopted accounting standards on prior period results. 3. Does not include Carbonite Operating Cash Flows (²) (US$ M) 106% $417 FY'14 $860 Q2 FY'20 TTM Strong Annual Operating Cash Flows Open Text Confidential. ©2020 All Rights Reserved. 24

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