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OpenText Investor Presentation Deck

Reconciliation of Adjusted EBITDA and Free Cash Flows FY'21 YTD Q2 FY'21 FY'20 YTD (In '000's USD) GAAP-based net income (loss), attributable to Open Text Add: Provision for (recovery of) 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 (loss) margin Adjusted EBITDA margin (% of total revenue) (In '000's USD) GAAP-based cash flows provided by operating activities Add: Capital expenditures (1) Free cash flows $ $ $ $ $ 37,899 310,303 76,684 112,128 109,919 42,283 26,262 (4,250) (8,134) 703,094 $ $ 1,659,657 $ 2.3% 42.4% FY'21 YTD 516,359 $ (22,956) 493,403 $ (65,477) $ 267,559 37,595 54,091 54,926 20,280 14,526 (17,494) (5,251) 360,755 $ 855,644 $ (7.7)% 42.2 % Q2 FY¹21 282,455 (7,651) 274,804 (1) Defined as "Additions of property and equipment" in the Condensed Consolidated Statements of Cash Flows. opentext™ $ $ 181,868 69,909 64,586 82,597 100,618 40,989 14,674 15,173 813 571,227 1,468,445 12.4% 38.9% FY'20 YTD 344,685 (38,212) 306,473 $ $ $ $ $ Q2 FY'20 107,467 46,818 32,376 42,299 51,460 20,712 7,783 10,072 (1,972) 317,015 771,557 13.9% 41.1% Q2 FY'20 207,238 (19,598) 187,640 Open Text Confidential. ©2021 All Rights Reserved. 47
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