OpenText Mergers and Acquisitions Presentation Deck
Open Text and Micro Focus Snapshot
$3.5B
F'22 Revenue
(FY ended June 30, 2022)
82%
ARR (1)
$1.3B
A-EBITDA (2)
$889 M
FCF (2)
Strategic Partners
1M+ Trading Partners
22,000 MSPs
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Open Text
Waterloo, CA
Headquarters
~14,800
Employees
(as of June 30, 2022)
36.2%
A-EBITDA Margin % (2)
25.4%
FCF as % of Total
Revenue
100+
Countries generating
revenue
Total Revenue F'22 ($M) by Product Type:
10%
38%
8%
29%
44%
8%
Total Revenue F'22 ($M) by Geography:
Cloud: $1,535
. Customer Support: $1,331
License: $358
Professional service: $270
63%
Total revenues: $3.5Bn
Americas: $2,187
EMEA: $1,026
Asia Pacific: $280
Total revenues: $3.5Bn
$2.7B
TTM Revenue (4)
69%
ARR (4)(5)
$942M
A-EBITDA (6)
$253M
A-FCF (7)
7,500+
Global Partners
Micro Focus (³)
Newbury, UK
Headquarters
~11,000
Employees
35.3%
A-EBITDA Margin % (6)
9.5%
A-FCF as % of TTM
Revenue (4)(7)
180+
Countries generating
revenue
Total Revenue TTM ($M)
25%
6%
5%
22%
Product Group TTM ($M)
12%
26%
64%
13%
39%
18%
22%
• Maintenance: $1,705
SaaS & Other Recurring: $136
Consulting: $169
License: $656
Geography TTM ($M)
48%
Application Modernization &
Connectivity: $468
. Application Delivery
Management: $587
IT Operations
Management: $690
Cyber Resilience: $597
Information Management &
Governance: $325
North America (NAM): $1,271
International: $1,052
APJ*: $343
*Asia-Pacific & Japan
1. Annual recurring revenue (ARR) is defined as the sum of cloud services and subscriptions revenue and customer support revenue
2. Please refer to "Use of Non-GAAP Financial Measures" 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
3. For Micro Focus, financial statement numbers are based upon IFRS, as disclosed in their 20-F filings. Please refer to their full year results in their investor presentation and earnings press release for the year-ended October 31, 2021, Please refer to Micro Focus' Annual Report and Accounts for the year ended October 31, 2021 on
Form 20-F under "Segment Reporting" and Micro Focus' Interim Results for the six-months ended April 30, 2022, on Form 6-K under "Alternative Performance Measures" for certain reconciliations
TM 4. Pro forma TTM revenue is a non-GAAP financial measure and represents Micro Focus' unaudited proforma revenue for the twelve months ended April 30, 2022, excluding Digital Safe revenue
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5. ARR is defined as the sum of SaaS and other recurring and Maintenance revenues
6. Pro forma TTM A-EBITDA represents Micro Focus' unaudited proforma A-EBITDA for the twelve months ended April 30, 2022, excluding Digital Safe A-EBITDA
7. Adjusted Free cash flow is based on Free cash flow for the twelve months ended April 30, 2022, excluding Digital Safe as provided by Micro Focus in their earnings press release
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