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OpenText Investor Presentation Deck

Strong Cash Flow and Balance Sheet TTM Q2 FY'21 (US$ M) Operating Cash Flows Less: CapEx Free Cash Flows Less: Principal(²) Less: Dividends Cash Generated for Corporate Purposes (3) $1,126 opentext™ $57 $1,069 $10 $196 $863 2.61X 2.30x 2.01x Trended Consolidated Net Leverage Ratio (¹) 1.86x 1.72x 1.89x 1.70x Carbonite Acquisition Closing 2.28x 2.25x 1.53x 1.48x 1. Consolidated Net Leverage Ratio (pro forma) is calculated using bank covenant methodology. 1TM 2 Excludes $600 million repayment, from cash on hand, of funds previously drawn on the Revolver during the three-month period ended December 31, 2020. As of December 31, 2020, we had no outstanding balance under the Revolver. 3. Corporate purposes may include Total Growth Strategy, debt repayment, share repurchases, or other initiatives. 2.04x 1.82x 1.60x 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 Q2 FY'21 Open Text Confidential. ©2021 All Rights Reserved. 12
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