OpenText Investor Presentation Deck slide image

OpenText Investor Presentation Deck

FY'22 Target Model Revenue Type: Cloud Services and Subscriptions Customer Support Annual Recurring Revenue (ARR) License Professional Services and Other Non-GAAP Gross Margin: Cloud Services and Subscriptions Customer Support License Professional Services and Other Non-GAAP Gross Margin (1) Non-GAAP Operating Expenses: Research & Development Sales & Marketing General & Admin Depreciation. Total Operating Expenses A-EBITDA Margin (¹) Interest and Other Related Expense (USD millions) Adjusted Tax Rate (2) Capital Expenditures (USD millions) opentext™ Fiscal 2021 Actuals 41.6% 39.4% 81.0% 11.4% 7.7% 66.0% 90.9% 96.4% 25.1% 76.1% 12.2% 17.8% 7.3% 2.5% 38.8% $151.6 14% $63.7 (3) Previous Fiscal 2022 41% -43% 39% -41% 81% - 83% 9% -11% 7% -9% 65% -67% 91% -92% 96% - 98% 23% -24% 75% - 77% 12% -14% 18% - 20% 7% -9% 2% -4% 37% -38% $147 - $152 14% $80 - $90 New Revised Fiscal 2022(3,4) 42% -44% 37% -39% 81% - 83% 9% -11% 7% -9% 65% - 67% 91% -92% 96% - 98% 23% -24% 75% - 77% 12% -14% 18% - 20% 7% -9% 2% -4% 42% -44% 35.5% 36.5% $156 - $161 14% $80 - $90 1. 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. 2. Please refer to historical filings, including our Forms 10-K and 10-Q, regarding the company's adjusted tax rate. OpenText ©2022 All rights reserved 3. This model is not guidance. 4. Reflects the acquisition of Zix Corporation. Bricata acquisition impact is immaterial and not included. 8
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