Driving Shareholder Returns slide image

Driving Shareholder Returns

Strong Cash Flow and Balance Sheet Cash Generated for Total Shareholder Return TTM Q1 FY'21 (US$ M) Trended Consolidated Net Leverage Ratio (1) Operating Cash Flows $1,051 Carbonite 2.61x 2.30x Less: CapEx $69 2.01x 1.86x 1.89x Acquisition Closing 2.28x 2.25x 2.04x 1.82x 1.72x 1.70x Free Cash Flows $982 1.53x 1.48x Less: Principal $10 Less: Dividends $189 Cash Generated for Corporate Purposes (2) $783 Q1 FY'18 Q2 FY'18 Q3 FY'18 Q4 FY'18 Q1 FY'19 Q2 FY'19 Q3 FY'19 Q4 FY'19 Q1 FY'20 Q2 FY'20 Q3 FY'20 Q4 FY'20 Q1 FY'21 opentext™ 1. Consolidated Net Leverage Ratio (pro forma) is calculated using bank covenant methodology. 2. Corporate purposes may include M&A, debt repayment, share repurchases, or other initiatives. OpenText Confidential. ©2020 All Rights Reserved. 11
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