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Be a Climate Innovator

Track Record of Free Cash Flows (FCF) Expansion Expected Acceleration in Free Cash Flows Estimated Free Cash Flows (1) In $ Millions 15.2% F'11 to F'22 CAGR $603 $446 $454 $375 $361 $295 $241 $187 Updated Cloud Acquisition Investment integration $882 $889 $800 to $900 $812 $812 $580 to $620 $1.5B+ Target F'11A F'12A F'13A F'14A F'15A F'16A F'17A F'18A F'19A F'20A F'21A F'22A (2) (2) F'23E F'24E F'26E (2) opentext™ 20%+ FCF as % of Revenue FCF Growth Track record of upper-quartile FCF Non-linear scale through investment in systems and automation Bring Micro Focus onto OpenText's Operating Model 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. Historical data on a reported basis. 2. F'23, F'24, and F'26 represents OpenText's estimate of Free Cash Flows in reported currency, including Micro Focus. OpenText ©2023 All rights reserved 10
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