OpenText Investor Presentation Deck

Delivering on Our Acquisition Commitments Enhanced Visibility into our markets Accelerate Micro Focus cloud growth and improve renewals Accretive integration of Micro Focus Immediately accretive to F'23 A-EBITDA dollars On Open Text operating model within 6 full quarters Upper quartile A-EBITDA margin (1) and expansion target F'23: 32.5% to 33.5% F'24: 36% to 38% F'26: 38% to 40% Acquisition Commitment opentext™ ✓ Multi-year financial visibility Upper quartile Free Cash Flows(1) and expansion target F'23: $0.5B to $0.6B F'24: $0.8B to $0.9B F'26: $1.5B+ Enterprise cloud bookings of 15%+ through at least F'26 Improve Micro Focus renewals from low-80s Rapid 8-quarter deleveraging program 3.8x Net Leverage (2) at closing of Micro Focus < 3.0x Net Leverage within 8 full quarters Financial and Operating Metrics 1. Please refer to "Reconciliation of selected GAAP-based measures to non-GAAP-based measures" included within our current and historical filings on forms 10Q, 10K and 8-K. 2. Consolidated Net Leverage Ratio (pro forma) is calculated using bank covenant methodology. 3. Declaration of dividend subject to board discretion. Return Micro Focus to organic growth F'23 Onboarding F'24 Constant or better F'25 Micro Focus returns to organic growth Continuation of dividend program (³) 20% of TTM Free Cash Flows OpenText ©2023 All rights reserved 25

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