OpenText Mergers and Acquisitions Presentation Deck slide image

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 OpenText ©2022 All rights reserved 21
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