OpenText Investor Day Presentation Deck

A Profitable and Predictable Business Model Growing ARR, Expanding Margin and Free Cash Flows ¹,2 ARR % of Total Revenues A-EBITDA¹ % Margin FCF¹ % of Total Revenues opentext 54.2% FY'11 29.7% 18.1% FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 1. Please refer to "Use of Non-GAAP Financial Measures" in the Q2 FY'21 Investor presentation (February 4th, 2021) 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. FY'19 78.2% 36.9% 28.4% FY'20 FY'21 Model: 81% -83% FY'21 Model: 37% -38% TTM Q2 FY'21 32% Open Text Confidential. ©2021 All Rights Reserved. 82

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