Be a Climate Innovator
FCF
OpenText-Micro Focus Financial Integration Framework)
A-EBITDA
2H F'23
Workforce reductions
(~$240M)
1H F'24
2H F'24
1H F'25
2H F'25
F'26
Cost Savings
$400M
Amounts represent
annualized savings
Integration Expense
$80M
Facilities consolidation (~$23M)
Vendor consolidation, strategic procurement, (~$140M)
System alignment and integration expense (~$80M)
Special Charges
$380M to $420M
Severance, restructuring costs, advisory support
and others (~$200M)
Global entities simplification, tax structure initiatives,
technology footprint optimization (~$200M)
Targets and Aspirations
Adj. EBITDA (2) Margin
F'23
F'24
32.5% to 33.5%
36% to 38%
FCF (3)
$0.58% to $0.62B
$0.8B to $0.9B
Bars represent when actions will be substantially recognized on OpenText financial statements
As of May 4, 2023. Subject to change.
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.
1.
opentext™
2.
3.
FCF is on a reported basis.
F'26
38% to 40%
$1.5B+
Adj. EBITDA
FCF
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