Be a Climate Innovator

Return on Invested Capital (ROIC) Adj. Operating Income (after-tax) ROIC (OTEX Calculation) ROIC FY'20 FY'21 FY'22 17.6% 19.0% 18.1% (Debt + Equity - Cash - Deferred Tax) (in US$M) Non-GAAP based income from operations $1,059 $1,230 $1,177 We measure our ROIC annually. It is defined as our non-GAAP net operating profit after tax, divided by our average invested capital Non-GAAP net operating profit after tax is our non- GAAP based income from operations (as previously defined), net of our non-GAAP tax rate Invested capital is defined as our total debt, plus total equity, less the sum of total cash and total net deferred tax assets (liabilities), as they each appear on our Consolidated Balance Sheets Adjusted Tax Rate (%) (1) 14% 14% 14% Non-GAAP based operating income after non-GAAP tax $911 $1,058 $1,012 Total Debt (incl. Current Portion of LT Debt) $4,194 $3,589 $4,220 + Total Shareholders' Equity $4,007 $4,099 $4,032 - Cash & Cash Equivalents $1,693 $1,607 $1,694 - - Net Deferred Tax Assets (Liabilities) $763 = Invested Capital $5,745 $689 $5,392 $5,814 $744 Average Invested Capital (Avg. Current Yr. & Prior Yr.) $5,178 $5,569 $5,603 opentext™ 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. OpenText ©2023 All rights reserved 44

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