OpenText Investor Presentation Deck

Open Text: The Information Management Leader Leader in Information Management market #1 in Business Networks (1) ● About OpenText • #1 in Content Services (1) ● • Leader in Cyber Resilience • Leader in Digital Experience Total Growth drives share gains Durable, resilient, predictable business (78% ARR) (²) Expanding EBITDA margins Strong Free Cash Flows (3) and Balance Sheet Historical dividend payout of ~20% of TTM OCF opentext™ Value Creation Playbook 3 Organic Growth Accretive Acquisitions + + Cloud Growth + ARR Growth + Margin Expansion + Cash Flow Growth + Dividends 1 See slides titled "#1 in Business Network", "#1 in Content Services" and "Leader in Digital Experience" in this presentation. 2 Annual Recurring Revenues (ARR) as a percentage of Total Revenues for the year ended June 30, 2020. ARR is defined as the sum of cloud services and subscriptions revenue and customer support revenue. Free Cash Flows = Operating Cash Flows minus Capital Expenditures (or "Additions to property & equipment" in the Statement of Cash Flow). Innovation Reinvest for Growth Capital Structure Open Text Confidential. ©2020 All Rights Reserved. 4

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