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OpenText Investor Presentation Deck

Strong Liquidity and Cash Position Current Liquidity (US$ M) Total Available & Committed Liquidity (¹)(2) Capital Expenditures as % of Total Revenue (FY'14 to Q1 FY'21 TTM) 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 2.6% FY'14 4.2% FY'15 opentext™ 3.8% FY'16 3.5% FY'17 3.7% FY'18 2.2% $1,996 FY'19 2.3% FY'20 2.2% Q1 FY'21 (TTM) Total cash & short-term investments at $1.846B (Sept. 30, '20)(²) Cash Balance Trend 1. Excludes restricted cash. Includes Cash and the Undrawn Revolver of $150m as of September 30, 2020. 2. Subsequently in October 2020, we repaid the $600M drawn under the Revolver using cash at hand. Millions USD 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 Millions USD 1000 900 800 700 600 500 400 300 200 100 0 788 595 10 CY'20 765 Ï 941 10 10 CY'21 CY'22 ■TLB Debt Maturity Profile (²) 150 999 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'21 600 10 10 CY'23 CY'24 Drawn RCF 675 933 CY'25 Undrawn RCF 1,453 850 1,693 900 CY'26 CY'27 CY'28 CY'29 Senior Notes 1,846 900 CY'30 Open Text Confidential. ©2020 All Rights Reserved. 12
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