OpenText Investor Presentation Deck

Core Value Drivers Expanded: Running the Open Text Playbook Total Revenue Growth Reinvest for Growth Improve Cost Structure opentext™ Organic Acquisitions R&D + S&M ‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒ Automation + AI Cloud Growth Gross Margin R&D S&M G&A A-EBITDA Total Revenue Growth (1), (2) See Slide Notes Margin Expansion Strong Free Cash Flows + Capital Allocation Acquisitions Value Creation Innovation Debt < 3x¹1) Dividend (¹²) (~20% of TTM FCF) © 2023 Open Text 7

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