OpenText Investor Presentation Deck slide image

OpenText Investor Presentation Deck

FY'23 Target Model opentext™ Revenue Type: Cloud Services and Subscriptions Customer Support Annual Recurring Revenue (ARR) License Professional Services and Other Non-GAAP Gross Margin(¹): Cloud Services and Subscriptions Customer Support License Professional Services and Other Non-GAAP Gross Margin (¹) Non-GAAP Operating Expenses: Research & Development Sales & Marketing General & Admin Depreciation Total Operating Expenses A-EBITDA Margin(1) Interest and Other Related Expense (USD millions) Adjusted Tax Rate (2) Capital Expenditures (USD millions) Fiscal 2022 Actuals 43.9% 38.1% 82.0% 10.3% 7.7% 67.0% 91.1% 96.2% 20.9% 75.6% 12.1% 18.7% 8.5% 2.5% 41.9% 36.2% $157.9 14.0% $93.1 Fiscal 2023 Model (3,4) 44% -46% 36% - 38% 81% - 83% 9% -11% 7% -9% Constant 75% - 77% 12% -14% 18% - 20% 7% -9% 2% -4% 42% -44% 36.0% - 36.5% $170 - $180 14.0% $80 - $90 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. Please refer to historical filings, including our Forms 10-K and 10-Q, regarding the company's adjusted tax rate. 3. This model is not guidance. 4. Reflects the acquisition of Zix Corporation. Bricata acquisition impact is immaterial and not included. 9
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