OpenText Results Presentation Deck

Strong Cash Flow and Balance Sheet Cash Generated for M & A FY'20 (US$ M) Operating Cash Flows $955 Less: CapEx Free Cash Flows Less: Principal Less: Dividends Cash Generated for M&A $73 1. $882 $10 $189 $683 2.37x Trended Consolidated Net Leverage Ratio (1) 2.61X 2.30x 2.01x opentext™ Consolidated Net Leverage Ratio (pro forma) is calculated using bank covenant methodology. 1.86x 1.72x Q4 FY'17 Q1 FY'18 Q2 FY'18 Q3 FY'18 Q4 FY'18 Q1 FY'19 1.89x Q2 FY'19 1.70x 1.53x 1.48x Carbonite Acquisition Closing 2.28x 2.25x 2.04x Q3 FY'19 Q4 FY'19 Q1 FY'20 Q2 FY'20 Q3 FY'20 Q4 FY'20 Open Text Confidential. ©2020 All Rights Reserved. 13

View entire presentation