Market Expansion and Value Creation
(1)
F'26 Aspirations in Constant Currency
Enterprise Cloud Bookings Growth (2)
Total Organic Revenue Growth (3)
15%+
Cloud Editions (CE), Cloud Expansion, Industry Expansion, Al, Titanium X
2% to 4%
Micro Focus expected to return to organic growth in F'24
Total Revenue
~$6.2B to $6.4B
Cloud Organic Revenue Growth (3)
7% to 9%
ARR (% of Total Revenue) (4)
77% to 79%
A-EBITDA Margin (5) (%)
38% to 40%
Free Cash Flows (5) (6) (FCF)
$1.5B+
Market share gains through cloud acceleration and opentext.ai
Continued Information Management momentum
Cloud expansion and improve Micro Focus renewals to Open Text standards
Upper quartile profitability while investing in cloud, Al, security and edge
Continued high conversion from A-EBITDA and working capital efficiency
Capital Allocation to Dividend Program (7)
~20% of TTM FCF
Prioritizing capital return and debt reduction
Non-GAAP Effective Tax Rate (8)
Mid 20%'s
Utilization of tax attributes while enhancing current structure
opentext™
(1), (2), (3), (4), (5), (6), (7), (8) See Slide Notes
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