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Growing ARR While Expanding Margin 54.2% 29.7% 26.1% 24.3% FY'11 29.1% opentext FY'12 31.1% 20.0% FY'13 Growing ARR and Expanding Margin 33.7% 33.1% H 18.8% 15.9% FY'14 FY'15 36.8% 15.6% FY'16 34.7% 16.1% FY'17 36.2% 15.5% FY'18 (1), (2) 38.4% 14.9% FY'19 1. Please see Appendix A "Use of Non-GAAP Financial Measures" in our Q4 FY20 Financial Business Results presentation for reconciliation of GAAP to Non-GAAP measures. 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. 78.2% 36.9% 13.0% FY'20 ARR % of Total Revenues A-EBITDA Margin License % of Total Revenues. Open Text Confidential. ©2020 All Rights Reserved. 29

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