OpenText Investor Day Presentation Deck
From Present to FY'24 Aspirations
FY'22 Target
Model
Non-GAAP Gross
Margins (1)
75% - 77%
A-EBITDA
Margin(¹)
35.5% - 36.5%
TTM Q2'F22
FCF(1)
$688.0M
(includes IRS settlement payment
of $299.6M)
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FY'23 Key Operational Drivers
ARR expansion
A-EBITDA margin(1) opportunities: 200 to 400 bps
FCF (1) as a % of Total Revenues in high 20s
ARR
From renewals to expansion
Higher automation in contract
renewals
Annual price adjustments
Higher automation in global
technical support for increased
customer engagement
A-EBITDA Margin(1)
Non-linear headcount growth,
optimized productivity
• Digital and automation initiatives
in Cost of Sales, R&D, S&M and
G&A
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FCF(1) as a % of Total
Revenues
Improved A-EBITDA margins
Working capital efficiency
1. Please refer to "Use of Non-GAAP Financial Measures" in the Q2 FY'22 investor presentation (Feb 3, 2022) 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.
FY'24
Aspirations
A-EBITDA
Margin(1)
38% - 40%
FCF(1)
$1.2B+
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