OpenText Investor Presentation Deck

Cash Flows and Balance Sheet Cash (USD$B) (as of 06/30/2023) $1.2B Total Cash TTM Q4 F'23 (USD$M) $779 $124 $655 $203 $260 $-- $192 Operating Cash Flows Less: CapEx Free Cash Flows (²) Less: Principal Less: Dividends Less: Share Buyback (³) Cash Generated for Corporate Purposes (4) opentext™ 1.9x Q3 F¹22 Term Loan B Acquisition Term Loan 0 Undrawn Revolver Drawn Revolver Senior Secured Notes Senior Notes C'23 2.0x Q4 F¹22 100 Reflects $175M debt payment made after 6/30/2023 650 Net Leverage Ratio (¹) C'24 (1), (2), (3), (4), (5) See Slide Notes 2.1x Q1 F¹23 933 C'25 2.0x C'26 Q2 F'23 Debt Maturity Profile (USD$M) (5) (as of 6/30/23) 1,000 3.3x C'27 Micro Focus Transaction Close Q3 F¹23 900 C'28 850 Targeted Net Leverage Ratio (1) Expected quarterly debt reduction of $175M+ C'29 3.5x Q4 F¹23 900 3,334 C'30 < 3.0x By the end of F'25 or sooner © 2023 Open Text 650 C'31 16

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