OpenText Mergers and Acquisitions Presentation Deck
Integration Execution Framework
Revenue & Growth
Profitability & Cash
Flows
Renewals
Products
Sales
Capital Allocation
leverage & other
opentext™
Open Text Continues Strong Execution
1st 6 months
Today
Pre-Acquisition
Total growth
Accelerating cloud growth
80% + ARR
Upper quartile A-EBITDA
Strong FCF generation
94% off-cloud
94% cloud
Titanium innovation roadmap
Tracking to full G10K coverage
by end of C'23
Engage customers on vision
and benefits
Maintain upper quartile A-
EBITDA for both companies
Eliminate duplicative costs
Continue Micro Focus savings
Apply Open Text renewal best
practices
Analyze and refine converged
Titanium roadmap
Analyze and refine converged
GTM roadmap
Deleveraging and Continuation
of Dividend Program
2nd 6 months
3rd 6 months
Post-Acquisition Execution Evolution
Begin uplift Micro Focus
installed base to cloud
Improved A-EBITDA to FCF
conversion at Micro Focus
Deliver improvements in Micro
Focus renewals
Begin alignment of Micro
Focus products with Titanium
Begin GTM alignment
Deleveraging and
Continuation of Dividend
Program
Continue Micro Focus uplift to
cloud
Micro Focus on OpenText
A-EBITDA model
Continued improvement in
Micro Focus renewals
Continue integrating Micro
Focus with Titanium
Continue GTM alignment
Deleveraging and
Continuation of Dividend
Program
1. Please refer to "Reconciliation of selected GAAP-based measures to non-GAAP-based measures" included within our current and historical filings on forms 100, 10K and 8-K
F'25+
Micro Focus generates
organic growth
Cloud returns as largest
revenue stream
Maintain F'25 A-EBITDA
aspirations of 37% -39% (1)
Micro Focus renewals at
Open Text standards
Complete integration of Micro
Focus with Titanium
Complete GTM alignment
<3x Leverage
Net Debt to A-EBITDA (¹)
within 8 quarters
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