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OpenText Investor Presentation Deck

Return on Invested Capital (ROIC) ROIC (OTEX Calculation) Adj. Operating Income (after-tax) (Debt + Equity - Cash Deferred Tax) We measure our ROIC annually. It is defined as our non-GAAP net operating profit after tax, divided by our average invested capital Non-GAAP net operating profit after tax is our non- GAAP based income from operations (as previously defined), net of our non-GAAP tax rate opentext™ Invested capital is defined as our total debt, plus total equity, less the sum of total cash and total net deferred tax assets (liabilities), as they each appear on our Consolidated Balance Sheets ROIC (in US$M) Non-GAAP based income from operations Adjusted Tax Rate (%)(¹) Non-GAAP based operating income after non-GAAP tax Total Debt (incl. Current Portion of LT Debt) + Total Shareholders' Equity - Cash & Cash Equivalents - Net Deferred Tax Assets (Liabilities) = Invested Capital Average Invested Capital (Avg. Current Yr. & Prior Yr.) FY'20 17.6% $1,059 14% $911 FY'21 19.0% 1. Please refer to "Use of Non-GAAP Financial Measures" at the end of this presentation 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. $1,230 14% $1,058 $4,194 $3,589 $4,007 $4,099 $1,693 $1,607 $763 $689 $5,745 $5,392 FY'22 18.1% $1,177 14% $1,012 $4,220 $4,032 $1,694 $744 $5,814 $5,178 $5,569 $5,603 OpenText ©2022 All rights reserved 34
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