OpenText Results Presentation Deck

Reconciliation of Adjusted EBITDA | F11-F19 (in '000s USD) GAAP-based Net income attributable to Open Text Add: Provision for (recovery of) income taxes Interest and other related expense, net Amortization of acquired technology-based intangible assets Amortization of acquired customer-based intangible assets Depreciation Share-based compensation Special charges (recoveries) Other (income) expense, net Adjusted EBITDA Total Revenue Adjusted EBITDA Margin (% of total revenue) opentext™ FY11 FY12 FY13 FY14 FY15 FY16 $ 123,203 $ 125,174 $ 148,520 $ 218,125 $ 234,327 $ 284,477 $ 12,931 8,452 68,048 38,966 22,116 11,308 15,576 6,019 306,619 $ 1,033,303 29.7% 12,171 29,690 16,982 93,610 15,564 84,572 53,326 21,587 18,097 24,034 24,523 (3,549) 2,473 $ 351,465 $ 424,125 29.1% 68,745 24,496 15,575 $ 1,207,473 $ 1,363,336 31.1% 58,461 31,638 27,934 54,620 81,002 (776,364) 120,892 130,556 69,917 81,023 108,239 150,842 35,237 50,906 64,318 19,906 22,047 30,507 63,618 31,314 (3,941) 12,823 28,047 1,423 (15,743) $ 537,976 $ 623,649 $ 671,737 $ 794,285 $1,624,699 $ 1,851,917 33.1% 6,282 76,363 74,238 113,201 54,929 25,978 34,846 33.7% $ 1,824,228 FY17 FY18 FY19 $ 1,025,659 $ 242,224 $ 285,501 36.8% $ 2,291,057 34.7% 143,826 138,540 185,868 184,118 86,943 27,594 29,211 (17,973) 136,592 183,385 189,827 97,716 26,770 35,719 (10,156) $1,020,351 $ 1,100,291 $ 2,815,241 154,937 36.2% $ 2,868,755 38.4% Open Text Confidential. ©2020 All Rights Reserved. 30

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