Total Growth Model: Cloud and ARR Growth
Slide Notes (Cont.)
Slide 34
(1) Projected as of February 1, 2024; this model is not guidance.
(2) Organic growth is calculated by removing the revenue contribution from newly acquired companies for
the first-year post acquisition.
(3) 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.
(4) Consolidated Net Leverage Ratio (proforma) is calculated using bank covenant methodology.
(5) Declaration of dividend subject to board discretion and an annualized dividend has not been
approved or declared by the Board. Strategy subject to change based on acquisition opportunities or
other corporate purposes. Corporate purposes may include acquisitions, debt repayment, share
repurchases, or other initiatives.
(6) Represents Micro Focus stand-alone renewal rates.
Slide 35
(1) As of February 1, 2024. Estimates represent when savings, expenses and charges are expected to be
substantially actioned or incurred. Subject to change.
(2) 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.
Slide 36
(1) Revenues and Enterprise Cloud Bookings % are year-over-year comparisons.
(2) Enterprise cloud bookings as the total value from cloud services and subscription contracts entered
into in the fiscal year that are new, committed and incremental to our existing contracts, entered into with
our enterprise-based customers.
(3) Organic revenue growth is calculated by removing the revenue contribution from newly acquired
companies for the first year post acquisition.
(4) Annual Recurring Revenues (ARR) is defined as the sum of cloud services and subscriptions
revenues and customer support revenues.
(5) 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.
(6) FCF is on a reported basis.
(7) Declaration of dividend subject to board discretion. Strategy subject to change based on acquisition
opportunities or other corporate purposes. Corporate purposes may include acquisitions, debt
repayment, share repurchases, or other initiatives.
(8) Please refer to historical filings, including our Forms 10-K and 10-Q, regarding the company's
adjusted tax rate.
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