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Proven Durable Business Model Annual Recurring Revenue (ARR) (US$ M) A-EBITDA & Margin(1), (2) (US$ M) 125% $1,080 FY'14 $2,433 opentext FY'20 78% ARR in FY'20 113% $538 33.1% FY'14 $1,148 36.9% FY'20 +380 bps since FY'14 1. Please see Appendix A "Use of Non-GAAP Financial Measures" in our Q4 FY20 Financial Business Results presentation for reconciliation of GAAP to Non- GAAP measures. 2. Refer to note 1 of our Fiscal 2019 10-K for details on the impact of recently adopted accounting standards on prior period results. 3. Free Cash Flows = Operating Cash Flows minus Capital Expenditures (or "Additions to property & equipment" in the Statement of Cash Flow). Free Cash Flows (³) (US$ M) 135% $375 FY'14 $882 FY'20 Strong Annualized Performance Open Text Confidential. ©2020 All Rights Reserved. 30

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