OpenText Investor Presentation Deck
Track Record of Free Cash Flows (FCF) Expansion
Expected Acceleration in Free Cash Flows
In $Millions
$187
$241
$295
F11A F'12A F'13A
$375
15.2%
F'11 to F'22 CAGR
opentext™
$446 $454
$361
$603
$812
F'14A F'15A F'16A F'17A F¹18A F'19A
Cloud Acquisition
Investment integration
$882
Estimated Free Cash Flows
$812
$889 $800 to $900
$500 to
$600
F'20A F'21A F'22A F'23E (2) F¹24E (2)
$1.5B+
F'26E (2)
20%+
FCF as %
of Revenue
(1)
FCF Growth
Track record of
upper-quartile FCF
Non-linear scale through investment
in systems and automation
Bring Micro Focus onto OpenText's
Operating Model
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. Historical data on a reported basis.
2. F'23, F'24, and F'26 represents OpenText's estimate of Free Cash Flows in reported currency, including Micro Focus.
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