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Proven Durable Business Model ARR % of Total Revenues A-EBITDA (¹) Margin License % of Total Revenues opentext 54.2% 29.7% 26.1% FY'11 Growing ARR and Expanding Margin FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 (1), (2) FY'19 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. Refer to note 1 of our Fiscal 2019 10-K for details on the impact of recently adopted accounting standards on prior period results. 78.2% 36.9% 13.0% FY'20 FY'21 Model: 81% -83% FY'21 Model: 37% -38% FY'21 Model: 9% -12% Open Text Confidential. ©2020 All Rights Reserved. 17

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