Strategic M&A: Foundation for Our Business

A Profitable and Predictable Business Model Growing ARR, Expanding Margin and Free Cash Flows 1,2 ARR % of Total Revenues A-EBITDA¹ % Margin FCF 1 % of Total Revenues 54.2% 29.7% 18.1% 78.2% FY'21 Model: 81%-83% 36.9% FY'21 Model: 37%-38% 28.4% FY'11 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 FY'20 opentext™ 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. TTM Q2 FY'21 32% OpenText Confidential. ©2021 All Rights Reserved. 82

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