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OpenText Investor Presentation Deck

Q2 Fiscal 2021 Financial Highlights With Y/Y Comparisons Q2 FY'21 Total Revenues ARR (2) Cloud Revenues A-EBITDA (3) Non-GAAP Earnings Per Share (³) Free Cash Flows (3), (4) opentext™ 1 2 3 4. $855.6M $684.9M 80% of Total Revenues $350.5M $360.8M 42.2% (margin) $0.95 $274.8M 10.9% 8.8% in CC (¹) 21.5% 19.5% in CC 41.1% 39.6% in CC 13.8% 10.7% in CC 13.1% 9.5% in CC 46.5% Trailing Twelve Months (TTM) Ending Q2 FY'21 12.5% 12.3% in CC Total Revenues ARR(2) Cloud Revenues A-EBITDA (3) Non-GAAP Earnings Per Share (3) Free Cash Flows(3), (4) $3.30B $2.68B 81% of Total Revenues $1.36B $1.28B 38.8% (margin) $3.25 $1.07 B CC: Constant currency for this purpose is defined as the current period reported revenues/expenses/earnings represented at the prior comparative period's foreign exchange rate. Annual recurring revenue (ARR) is defined as the sum of cloud services and subscriptions revenue and customer support revenue. 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. Free Cash Flows = Operating Cash Flows minus Capital Expenditures (or "Additions to property & equipment" in the Statement of Cash Flow). 20.5% 20.4% in CC 41.1% 41.1% in CC 14.6% 13.5% in CC 14.4% 13.0% in CC ▲ 35.0% Open Text Confidential. ©2021 All Rights Reserved. 4
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