FY'24 Medium-Term Aspirations

Proven Track Record of Value Creation We run a disciplined Free Cash Flows (1) return business FY'19 FY'20 FY'21 A-EBITDA and FCF Trends (1) $1,350 FCF/Revenue (2) 28.3% 28.4% 24.0% $1,250 $1,150 FCF/Avg Total Assets (3) 10.4% 9.7% 8.2% FCF/Avg Invested Capital (4) 14.8% 13.2% 10.8% WACC (5) 6.5% 6.0% USD in millions $1,050 $950 $850 $750 7.4% $650 $550 We measure our Free Cash Flows returns annually $450 $350 FY'17 FY'18 FY'19 FY'20 FY'21 A-EBITDA FCF FY'21 FCF includes $299.6M IRS settlement 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. FCF/Revenue is calculated as FCF expressed as percentage of total revenue. 3. FCF/Average Total Assets is calculated as FCF expressed as percent of average assets for the two most recent comparative fiscal year ends. 4. FCF/Average Invested Capital is calculated as FCF expressed as percent of average invested capital for the two most recent comparative fiscal year ends. Invested Capital is defined by and sourced by Bloomberg. Please refer to Bloomberg definition code RX215. 5. Weighted Average Cost of Capital (WACC) is defined by and sourced from Bloomberg. Please refer to Bloomberg definition code VM011. opentext™ OpenText ©2022 All rights reserved 34

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