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Strong Cash Flows and Balance Sheet Cash (USD$B) (as of 12/31/22) Total Cash (1) TTM Q2 F'23 (USD$M) Operating Cash Flows Less: CapEx Free Cash Flows (³) Less: Principal Less: Dividends Less: Share Buyback Cash Generated for Corporate Purposes (4) opentext $2.82B TM $902 $124 $778 $10 $248 $86 $434 2.0x ■ Q2 F¹22 Term Loan B ■ Acquisition Term Loan B CO Undrawn Revolver C'22 Net Leverage Ratio (²) 1.9x Drawn Revolver Senior Secured Notes Senior Notes C'23 Q3 F'22 2.0x 450 300 C'24 Q4 F¹22 933 C'25 2.1x Q1 F¹23 C'26 Pro Forma Debt Maturity Profile (USD$M) (5) (Estimated as of 3/31/23) 1,000 C'27 2.0x 1. Includes $990 million from senior note offering completed December 1, 2022. 2. Consolidated Net Leverage Ratio (proforma) is calculated using bank covenant methodology. 3. 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.. 4. Corporate purposes may include acquisitions, debt repayment, share repurchases, or other initiatives. 5. Term Loan B and Acquisition Term Loan B are net of mandatory debt repayments only. Q2 F¹23 900 C'28 Assumes Debt Reduction of at least $175M per quarter, expected to commence Q4 F'23 3.8x Micro Focus Transaction Close Pro forma Net Leverage Ratio (2) 850 C'29 Within 8 Full Quarters of Close 900 3,334 < 3.0x C'30 650 C'31 OpenText ©2023 All rights reserved 15

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