Slide 1: OpenText World Investor Track
OpenText World Investor Track November 18, 2025 NASDAQ/TSX: OTEX OpenText ©2025. All rights reserved. 1
Slide 2: Safe Harbor and IP Statement
Safe Harbor and IP Statement This presentation contains forward-looking statements or information (forward-looking statements) within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the Exchange Act), Section 2
Slide 3: Investor Track Agenda
Investor Track Agenda Time Event 7:30 – 8:40 Private Analyst & Investor Breakfast 9:00 - 12:00 Business Focus Keynote 12:00 - 12:30 Break & Lunch Greetings and Disclaimer Greg Secord, VP Global Head of Investor Relations Welcome and Agenda James McGourlay, Interim Chief Executive Officer My Fir
Slide 4: Welcome and Agenda
Welcome and Agenda James McGourlay OpenText Interim Chief Executive Officer OpenText ©2025. All rights reserved. 4
Slide 5: November 17-20 | Nashville
November 17-20 | Nashville 2000+ Attendees = Connect & Collaborate 100+ Sessions = Robust Learning 50+ Customer Speakers = Industry Experts Experiential expo = Engage & Play OpenText ©2024 All rights reserved 5
Slide 6: Top Take-Aways from OpenText World
Top Take-Aways from OpenText World 1 Strong data leads to strong AI outcomes: get AI ready to benefit from the convergence 2 Contextual data fuels more accurate AI: the future of agentic AI depends on this orchestration 3 Customers have choice with OpenText (cloud, on-prem, hybrid): control where yo
Slide 7: My First Month
My First Month Steve Rai OpenText EVP, CFO OpenText ©2025. All rights reserved. 7
Slide 8: My First Month – Observations & Priorities
My First Month – Observations & Priorities My Background What I’ve Observed So Far Strategic Priorities • Over 30 years of finance • Tremendous global customer • Focus on growing our core expertise in technology base, world class expertise business including faster • Previous positions at and techno
Slide 9: Accelerating Growth in Our Core Businesses
Accelerating Growth in Our Core Businesses • Core Business (~75% of total revenue) is growing at ~2x our total growth rates • Content (~40% of total revenue) is our strongest business, leading our growth in the Cloud Total Revenue Cloud Revenue Business Type of F’25 F'25 % of Total F'25 Q1 F'26 F’25
Slide 10: Cloud Driving the Business Model – Illustrative Migration Path
Cloud Driving the Business Model – Illustrative Migration Path Core Product Categories Only Total Revenue Over Time ARR(1) & Total RPO $ Core Cloud Other Core Core ARR Total RPO Continued cloud expansion as it exceeds $ 50% total revenue RPO expansion as multi year cloud grows faster vs. mostly annu
Slide 11: Cloud Driving the Business Model – Illustrative Migration Path
Cloud Driving the Business Model – Illustrative Migration Path Core and Non-Core Product Categories Total Revenue Over Time ARR(1) & Total RPO $ Core Cloud Other Core Non Core Non Core ARR Core ARR Total RPO Continued cloud expansion as it exceeds 50% total revenue $ RPO expansion as multi year clou
Slide 12: Cloud Driving the Business Model – Illustrative Migration Path
Cloud Driving the Business Model – Illustrative Migration Path Core Product Categories Only Total Revenue Over Time ARR(1) & Total RPO $ Core Cloud Other Core Core ARR Total RPO Continued cloud expansion as it exceeds $ 50% total revenue RPO expansion as multi year cloud grows faster vs. mostly annu
Slide 13: Cloud Driving the Business Model
Cloud Driving the Business Model 1 Focus on the Core Product Categories 2 Cloud to drive Core ARR and RPO Growth 3 Grow A-EBITDA Dollars per Share OpenText ©2025. All rights reserved. 13
Slide 14: Strategy and AI
Strategy and AI P. Thomas (Tom) Jenkins OpenText Executive Chair & Chief Strategy Officer OpenText ©2025. All rights reserved. 14
Slide 15: Why Do Enterprises Need To Look At Their Own Data?
Why Do Enterprises Need To Look At Their Own Data? ~90% of the world’s information expected to live inside organizations(1) (emails, documents, records, workflows, transactions, communications) Public LLMs are trained on open internet >> not enough for enterprise-grade, regulated insights Enterprise
Slide 16: OpenText Provides Information to Train Agentic AI
OpenText Provides Information to Train Agentic AI Solve SOLVE ANYTHING AGI – Super Intelligence Frontier Models Quantum Computing ACTION ANYTHING DATA DEFINES ALIGNMENT ChatGPT Generative AI Governance & integrity of data Discuss Large Language Models (LLM) shape outcomes DATA GUIDES ACTION ASK ONE
Slide 17: Training Agentic AI
Training Agentic AI For an organization that is training agentic AI, a subset of very context specific data is required. The data is usually broken down into three types of content: • Human generated (Content Server) • Machine generated (ITOM) • Transactional (Business Networks) • Cybersecurity (bot
Slide 18: MIT Study: Productivity Gains From AI Slow to Be Realized
MIT Study: Productivity Gains From AI Slow to Be Realized Observations: • Over reliance on publicly trained LLMs that have limited context in actual business applications. • Lack of specific training data for the particular business and/or the application. • Lack of data connectors and workflow inte
Slide 19: Secure Information Management for AI
Secure Information Management for AI Multi- Cloud Multi- Model Multi- App Data AI OpenText ©2025. All rights reserved. 19
Slide 20: Aviator is a "Swiss Army knife" for AI
Aviator is a "Swiss Army knife" for AI FEATURE FLEXIBLE On-Premise Multi-Cloud Private Cloud Hyper Scaler SLM (Small Language Model) Multi-Model LLM (Large Language Model) Super Intelligence (Frontier) ERP Multi-App CRM HR/FIN/LEGAL OpenText ©2025. All rights reserved. 20
Slide 21: Comprehensive Guide: Enterprise Artificial Intelligence
Comprehensive Guide: Enterprise Artificial Intelligence Building Trusted Al with Secure Data • Serves as a comprehensive guide for organizations navigating the transformative era of Generative AI. • Explores how enterprises can responsibly integrate AI by prioritizing trust, governance, and security
Slide 22: Sovereign Data and AI
Sovereign Data and AI Shannon Bell OpenText EVP, CDO and CIO OpenText ©2025. All rights reserved. 22
Slide 23: Sovereignty is a Global Challenge
Sovereignty is a Global Challenge Data protection is critical in an AI World. Data is a valuable asset amid geopolitical instability. Protecting private data and AI is not just a government problem, it is a problem for regulated industries. The future of sovereignty is hybrid – leveraging efficiency
Slide 24: Organizations Require Sovereign Data and AI
Organizations Require Sovereign Data and AI OpenText ©2025. All rights reserved. 24
Slide 25: Global Market Opportunity for Sovereign Data and AI
Global Market Opportunity for Sovereign Data and AI Global Market for Sovereign Cloud1 CAGR $169B 36% $37B 2023 2028 Public Sector Half of multi-national companies projected to have digital sovereignty strategies by 2029, up from under 10% in 2025.(1) 1. Source: Gartner OpenText ©2025. All rights re
Slide 26: OpenText is Uniquely Positioned to Lead in Sovereign Data and AI
OpenText is Uniquely Positioned to Lead in Sovereign Data and AI Vendors that offer flexible deployment models, including the ability to work in private/sovereign and public/non-sovereign zones have an advantage in what will continue to be a hybrid world. OpenText ©2025. All rights reserved. 26
Slide 27: Accelerating Growth in F’2026
Accelerating Growth in F’2026 Todd Cione OpenText President, Worldwide Sales OpenText ©2025. All rights reserved. 27
Slide 28: Accelerating Our Core Businesses
Accelerating Our Core Businesses OpenText Now OpenText Envisioned $5 billion F’25 Total Revenue -10% y/y growth Portfolio ITOM $2 billion Shaping Machine-generated content F’25 Cloud Revenue (“shrink to grow”) +2% y/y growth OpenText ©2025. All rights reserved. 28
Slide 29: Content Management
Content Management $2.1B Revenue Winning Advantages Key Growth Priorities Customers F25 Baseline • Trusted Info. Governance • AI in Context – role-based – wide installed base Aviators for processes such ~7,000 permissions-based, on- as claims management, Customers premise and cloud compliance checks
Slide 30: IT Operations Management (ITOM)
IT Operations Management (ITOM) $453M Revenue Winning Advantage Key Growth Priorities Customers F25 Baseline • AI-Powered Service • IT Service Management – Management (ESM) – helping customers adopt AI ~2,000 modules for IT, HR, and to overcome data quality Customers Customer Support with AI- legacy
Slide 31: Business Network
Business Network $633M Revenue Winning Advantage Key Growth Priorities Customers F25 Baseline • Deep and mature • Migration strategy and customer installed base – AI-enabled tooling – for ~700 represents many of the customers to move to Customers Global Supply Chain 50, modern Trading Grid high depe
Slide 32: Cybersecurity Enterprise
Cybersecurity Enterprise $692M Revenue Winning Advantage Key Growth Priorities Customers F25 Baseline • Best-in-Class Solutions – • New Markets – bring our industry leading cloud cybersecurity ~500 capabilities in application portfolio more fully to ANZ, Customers security, threat detection Middle E
Slide 33: Scaled Go-to-Market
Scaled Go-to-Market How we segment Where we sell How we sell • Strategic: Global Account Executive sellers manage top ~100 accounts cross-BUs w/ industry specialization Strategic • Strategic & Enterprise: Field Account Accounts Executive “specialists” sellers by BU Enterprise • Corporate: Inside Acc
Slide 34: Q&A
Q&A OpenText ©2025. All rights reserved. 34
Slide 35: opentext.com · x.com/opentext · linkedin.com/company/opentext
opentext.com · x.com/opentext · linkedin.com/company/opentext