OpenText Investor Presentation Deck

Reconciliation of Adjusted EBITDA and Free Cash Flows (in '000s USD) GAAP-based net income attributable to Open Text Add: Provision for (recovery of) income taxes Interest and other related expense, net Amortization of acquired technology-based intangible assets Amortization of acquired customer-based intangible assets Depreciation Share-based compensation Special charges (recoveries) Other (income) expense, net Adjusted EBITDA Total revenue Adjusted EBITDA margin (% of total revenue) (in '000s USD) GAAP-based cash flows provided by operating activities Add: Capital expenditures (1) Free cash flows (1) Defined as "Additions of property & equipment" in the Condensed Consolidated Statements of Cash Flows opentext™ $ $ $ Q1 FY21 103,376 42,744 39,089 58,037 54,993 22,003 11,736 13,244 (2,883) 342,339 804,013 42.6 % Q1 FY21 233,904 (15,305) 218,599 $ $ $ Q1 FY20 74,401 23,091 32,210 40,298 49,158 20,277 6,891 5,101 2,785 254,212 696,888 36.5 Q1 FY20 137,447 (18,614) 118,833 % Open Text Confidential. ©2020 All Rights Reserved. 42

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