OpenText Investor Presentation Deck

Track Record of Strong Free Cash Flows Expected Acceleration in Free Cash Flows. In $Millions $187 $241 $295 $375 F'11A F'12A F'13A F'14A opentext™ 11% F'11 to F'23 CAGR $446 $454 F¹15A $361 $603 $812 Cloud Investment $882 $812 $889 F'16A F'17A F¹18A F'19A F¹20A F'21A F'22A Estimated Free Cash Flows' Acquisition integration $655 $800 to $900 F'23A F'24E (2) $1.5B+ Aspiration F'26E (2) 20%+ FCF as % of Revenue (1) (1), (2) See Slide Notes FCF Growth Target upper quartile FCF Increase cloud growth rates Bring Micro Focus onto OpenText's Operating Model Lower Interest Costs © 2023 Open Text 10

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