OpenText Investor Presentation Deck

F'23 Target Model Ranges F'22 Actuals 43.9% 38.1% 82.0% 10.3% 7.7% 75.6% 12.1% 18.7% 8.5% 2.5% 41.9% 36.2% $157.9 14.0% $93.1 opentext™ Revenue Type (% of Total Revenue): Cloud Services and Subscriptions Customer Support Annual Recurring Revenue (ARR) License Professional Services and Other Non-GAAP Gross Margin (1) Non-GAAP Operating Expenses (% of Total Revenue): Research & Development Sales & Marketing General & Admin Depreciation Total Operating Expenses A-EBITDA Margin(1) Interest and Other Related Expense (USD$M) Adjusted Tax Rate (²) Capital Expenditures (USD$M) F'23 Previous (as of Nov 3, 2022) 46% -48% 35% -37% 82% - 84% 8% - 10% 7% -9% 75% - 77% 12% -14% 18% - 20% 7% -9% 2% -4% 42% -44% 36.0% - 36.5% $170 - $180 14% $80 - $90 Constant Currency 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. Please refer to historical filings, including our Forms 10-K and 10-Q, regarding the company's adjusted tax rate. 3. This model is not guidance. F'23 Updated (3) 37% -39% 41% -43% 79% -81% 11% - 13% 7% -9% 75% - 77% 14% -16% 19% - 21% 8% - 10% 2% -4% 46% -48% 32.5% - 33.5% $350 - $370 14% $145 - $155 OpenText ©2023 All rights reserved 21

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