OpenText Investor Presentation Deck

Reconciliation of Adjusted EBITDA and Free Cash Flows (In '000's U.S. dollars) GAAP-based net income, 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 margin Adjusted EBITDA margin (% of total revenue) (In '000's U.S. dollars) GAAP-based cash flows provided by operating activities Add: Capital expenditures (1) Free cash flows 1. Defined as "Additions of property and equipment" in the Condensed Consolidated Statements of Cash Flows. opentext™ SA EA GA CA Q1 FY'22 131,915 43,450 37,055 53,167 51,884 21,386 13,934 344 (29,782) 323,353 832,308 15.8% 38.9 % Q1 FY'22 $ $ $ 189,669 $ (26,712) 162,957 $ Q1 FY'21 103,376 42,744 39,089 58,037 54,993 22,003 11,736 13,244 (2,883) 342,339 804,013 12.9 % 42.6 % Q1 FY'21 233,904 (15,305) 218,599 OpenText ©2021 All rights reserved 49

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