OpenText Results Presentation Deck

Q2 FY'20 Financial Highlights With Y/Y Comparisons Q2 FY'20 Total Revenues ARR(1) Cloud Revenues A-EBITDA (2) Non-GAAP Earnings Per Share (2) Operating Cash Flows opentext™ $771.6M $563.8M, 73.1% of Total Revenue $248.3M $317.0M, 41.1% (margin) $0.84 $207.2M 4.9% 6.3% in CC 6.5% 7.8% in CC 13.3% ▲ 14.1% in CC 2.8% 4.9% in CC 5.0% 7.5% in CC ▲ 9.6% Trailing Twelve Months (TTM) Ending Q2 FY'20 3.2% ▲ 7.0% in CC Total Revenues ARR(1) Cloud Revenues A-EBITDA (2), (3) Non-GAAP Earnings Per Share(2) Operating Cash Flows (3) 1. Annual recurring revenue is defined as the sum of cloud services and subscriptions revenue and customer support revenue. Please see reconciliation of GAAP to Non-GAAP measures at the end of this presentation. 2. 3. Refer to note 1 of our Fiscal 2019 10-K for details on the impact of recently adopted accounting standards on prior period results. $2.93B $2.22B, 75.6% of Total Revenue $966.1M $1.12B, 38.1% (margin) $2.84 $860.5M 5.5% ▲ 9.0% in CC 13.1% A 15.7% in CC ▲ 5.0% 9.7% in CC 6.8% ▲ 12.8% in CC ▲ 3.0% Open Text Confidential. ©2020 All Rights Reserved. 4

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