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OpenText Investor Presentation Deck

Strong Cash Flow and Balance Sheet TTM Q3 FY'21 (US$ M) Operating Cash Flows (2) $860 $54 Less: CapEx Free Cash Flows (²) Less: Principal (³) Less: Dividends Cash Gener ted for Corporate Purposes (2)(4) opentext $806 $10 $204 $592 Carbonite Acquisition. Closing 2.28x Q2 FY'20 Trended Consolidated Net Leverage Ratio (¹) 2.25X Q3 FY'20 2.04x Q4 FY'20 1. Consolidated Net Leverage Ratio (pro forma) is calculated using bank covenant methodology. TM 2 Includes IRS settlement payment of $290 million. 3. Excludes $600 million repayment in Q2F21. As of March 31, 2021, we had no outstanding balance under the Revolver. 4. Corporate purposes may include Total Growth Strategy, debt repayment, share repurchases, or other initiatives. 1.82x Q1 FY'21 1.60x Q2 FY'21 1.57x Q3 FY'21 Open Text Confidential. ©2021 All Rights Reserved. 12
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