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OpenText Investor Presentation Deck

Reconciliation of Adjusted EBITDA and Free Cash Flows (In '000's U.S. dollars) FY'22 YTD GAAP-based net income, attributable to Open Text Add: Provision for income taxes Interest and other related expense, net Amortization of acquired technology-based intangible assets Amortization of acquired customer-based intangible assets Depreciation Share-based compensation Special charges (recoveries) Other (income) expense, net Adjusted EBITDA Total revenue GAAP-based net income margin Adjusted EBITDA margin (% of total revenue) (In '000's U.S. dollars) GAAP-based cash flows provided by operating activities Add: Capital expenditures (1) Free cash flows LA opentext™ LA HA $ (1) Defined as "Additions of property and equipment" in the Consolidated Statements of Cash Flows. Q2 FY'23 258,486 $ 50,774 38,715 40,863 53,446 22,858 28,822 10,306 (163,349) 340,921 $ 897,440 $ 28.8 % 38.0 % Q2 FY'23 195,170 $ (32,215) 162,955 $ Q2 FY'22 88,298 $ 39,266 40,245 52,602 52,665 21,779 14,409 9,217 25,037 343,518 $ 876,799 $ 10.1 % 39.2 % Q2 FY'22 216,644 $ (10,635) 206,009 $ FY'23 YTD 141,557 84,399 79,097 83,500 107,884 46,032 52,030 24,587 25,882 644,968 1,749,476 8.1 % 36.9 % FY'23 YTD $ $ 327,129 $ (68,539) 258,590 $ 220,213 82,716 77,300 105,769 104,549 43,165 28,343 9,561 (4,745) 666,871 1,709,107 12.9 % 39.0 % FY'22 YTD 406,313 (37,347) 368,966 OpenText ©2023 All rights reserved 52
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