Slide 1: Investor Presentation
Investor Presentation August 7, 2025 NASDAQ/TSX: OTEX
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: Who is OpenText?
Who is OpenText? • One of the largest software companies in the world • #1 and growing in Content Management - our biggest market • Deployed in 99 of top 100 global companies(1) • Benefiting hundreds of millions of people every day 31M+ Public cloud users • Strong bottom-line operator 120K+ in 180 c
Slide 4: What Does OpenText Do?
What Does OpenText Do? • Information Management products are anchored in enterprise content, data and process automation • Secure and compliant content management to meet industry standards • Single source of truth for content management across various business applications Titanium X platform (CE 2
Slide 5: How is OpenText Differentiated?
We are #1 in Content Management How is • No one else can do what we do, and this makes us more resilient across economic cycles OpenText • Global scale and security: we build the code, have the patents, global certifications, and key strategic partnerships Differentiated? Multi-Cloud Integration • S
Slide 6: Why Invest in OpenText Today?
Why You Should Invest Why Invest • Compelling trading valuation compared to peer multiples in OpenText • Resilient and steady high cash flow generating business model • Opportunity to participate in the growth engine we are building Today? • Over $250B+ in Total Addressable Market (TAM)(1) • Launche
Slide 7: Strategic Focus
Strategic Focus 1. Competitive Advantage Through 2. Total Revenue Growth 3. Operational Excellence Innovation • Leading with AI First, Business • New product cycle, entering • Strong Medium-term Business Cloud Suites, new Data Cloud, new market areas such as Model approaching the Rule of and new Sec
Slide 8: How We Create Shareholder Value
How We Create Shareholder Value $4.3B Total RPO New Including $2.5B in Cloud RPO customer (F’25) bookings $411M shares repurchased $5.2B Total Revenues (F’25) $4.2B ARR(2) Retired approx. 5% Share (F’25) repurchases & Revenue shares in F’25 (ARR, Cloud, etc.) potential M&A Dividend Yield(3) 76.2% Gr
Slide 9: Information Management is Inside Our Every Day
Information Management is Inside Our Every Day You might have benefitted from OpenText already today Getting milk for Reading news on Paying a bill for Learning about your coffee your cell phone your family your health • Dairy Farmers of • Verizon – Observability • Credit Agricole Payment • Cencora
Slide 10: 35 Years of Innovation
35 Years of Innovation 1991 Total Revenue CAGR: +19% Today Founded out of University of Waterloo, Canada 69 Acquisitions Total Revenues 2000’s 2010’s 2020’s $5.2B 1995 to 1998 Select CEM and F’25 CCM Assets from 1996: IPO on NASDAQ HP Dell EMC’s ECD R&D Expense 1998: Listing on TSX $756M Total Reven
Slide 11: Resilience and Growth
Resilience and Growth OpenText has demonstrated resiliency and growth during key global economic events Total Revenue US$ Billion A-EBITDA(1) US$ Billion A-EPS(1) US$ AMC AMC $6.0 divesture $2.0 divesture $4.50 AMC divesture +11% +11% $1.8 +11% +9% $4.00 +8% +6% $5.0 10-yr 5-yr 10-yr 5-yr 10-yr 5-yr
Slide 12: Stable and Diverse Customer Base
Stable and Diverse Basic Materials & Conglomerates Utilities 3% Customer Base 5% Industrial goods Services(2) 7% 22% Consumer goods • Deeply integrated “sticky” products 9% with an average deployment life span of a decade or more Total ARR(1) by Vertical F’25 • Strong competitive advantage that Heal
Slide 13: Go-to-Market Strategic Priorities
Go-to-Market Strategic Priorities Driving new Cloud growth, leading with our massive install base Scaled go-to-market Protect & grow the base What we offer Top 100 Strategic • Enhanced renewal programs to • Best in class SAP partnership to Accounts build retention replicate and expand specialized sa
Slide 14: Strategy to Grow Enterprise Customers: L.O.V.E. Model
Strategy to Grow Enterprise Customers: L.O.V.E. Model Land Operate Value Content Cloud Deployment OpenText integrates with Continuous proactive Enterprise CIO initially purchases CIO deploys solution on existing customer customer engagement solutions from SAP, brings cross-sell customer content mana
Slide 15: The Winning OpenText Solution Strategy
The Winning OpenText Solution Strategy ext Aviator OpenT Business AI For digital knowledge workers Observability Business & Service Network Management(1) Cybersecurity Business Clouds Analytics d I nf o r m a t i on For human knowledge workers lou Ma n tC ag x Te em O pe n Content OpenText DevOps(2)
Slide 16: Aviator squadron is fully available
OpenText AI Products Aviator squadron TM Content Aviator Experience Aviator DevOps Aviator is fully available Service Search Mapping Management Aviator Aviator Aviator • Business AI for the Enterprise • Your data and your Intellectual Property Application eDiscovery Cybersecurity • Bring your own la
Slide 17: Titanium X (CE 25.3)
Titanium X (CE 25.3) Powered by Business AI A developer of AI, robotics, and sensor technologies One of the largest marketer of branded consumer serving government and industrial clients products for lawn and garden care • Wanted to help military and commercial clients break • Multiple legacy docume
Slide 18: OpenText's Business Clouds
OpenText’s Business Clouds Outperform(1) Perform(1) (FCF(2) & Long-term Growth) Observability and Content Cybersecurity Service DevOps(4) Analytics Business Network Management(3) #1 enterprise leader End-to-end suite of Cut the cost & AI-driven DevOps Real-time analytics on A secure B2B with AI-enab
Slide 19: Content
Content AI-Enabled Content Management Products and & Competitors F’25 Total Revenue • Anchoring our growth - our largest and Key Products % of Total Information Management fastest growing business Revenue • Document Management • Content Cloud offers a full suite of Content Management, Documentum Con
Slide 20: Content Services
Content Services Robust set of AI-enhanced capabilities Leadership in Intelligent Content Services Forrester’s take: ”Customers seeking a robust set of AI- enhanced content governance and automation capabilities with flexible cloud deployment options should consider OpenText.” OpenText ©2025. All ri
Slide 21: Cybersecurity
Cybersecurity Enterprise, SMB, and Consumer Solutions Products and & Competitors F’25 Total Revenue • Anticipates, protects & addresses Key Products % of Total Information Management cyber risks with advanced threat Revenue • Application Security visibility and AI insights Application Security, Open
Slide 22: Business Network
Business Network Secure B2B Integration Platform Products and & Competitors F’25 Total Revenue • Seamless integrated platform Key Products % of Total Information Management including financial, operational, and Revenue • Supply Chain Automation & Insights supply chain solutions Trading Grid, e-Invoi
Slide 23: Observability and Service Management
Observability and Service Management Proven Observability and Service Products and & Competitors F’25 Total Revenue Management Platform • SaaS or on-premises platform that Key Products % of Total Information Management consolidates data across IT toolsets, Revenue • Service Management & AI Ops pinpo
Slide 24: DevOps
DevOps AI-Driven Software Delivery Lifecycle Products and & Competitors F’25 Total Revenue • AI-driven DevOps automation acts as Key Products % of Total Information Management a seamless facilitator, ensuring cloud- Revenue • DevOps Platform to-cloud interactions are as efficient as Software Deliver
Slide 25: Analytics
Analytics AI-led Productivity & Insights Products and & Competitors F’25 Total Revenue • AI-powered, scalable data analytics Key Products % of Total Information Management platform that uses real-time analytics Revenue • Data Lakehouse & Analytics to transform your data into actionable Analytics Dat
Slide 26: Learn more about our Cloud offerings
Learn more about our Cloud offerings: https://investors.opentext.com/videos/ OpenText ©2025. All rights reserved. 26
Slide 27: World-class Leadership Team
World-class Leadership Team Sales & Demand Products & Customers Corporate Operations Todd Sandy Savinay Paul Chadwick Brian Cione Ono Berry Duggan Westlake Sweeney President, Worldwide EVP, CMO EVP, Chief Product President, Chief EVP, Chief Financial EVP, CHRO Sales HPE, Deloitte Officer Customer Of
Slide 28: Why We Are Excited About Tomorrow
Why We Are Excited About • Number 1 in Content Management: biggest business and growing Tomorrow organically • $250B+ total addressable market(1) • Continued investment in cloud innovation to gain market share • Positioned to benefit from AI adoption • Predictable high margin recurring revenue (ARR(
Slide 29: opentext.com · twitter.com/opentext · linkedin.com/company/opentext
opentext.com · twitter.com/opentext · linkedin.com/company/opentext
Slide 30: Appendix
Appendix OpenText ©2025. All rights reserved. 30
Slide 31: Debt Profile
Debt Profile Total Debt Q4 F’25 Additional Metrics Q4 F’25 Senior Notes 2031 $650M Total Fixed Debt % 66% Senior Notes 2030 $900M Weighted Average Interest Rate 5.1% Senior Notes 2029 $850M Annualized Interest Cost(1) $334M Senior Notes 2028 $900M Consolidated Net Leverage Ratio(2) 3.25x Senior Secu
Slide 32: OpenText ex-AMC
OpenText ex-AMC(1,2) F’25 Actual F’24 Actual F’23 Actual $ in millions Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Cloud 457 462 463 475 1,856 451 450 455 465 1,821 405 409 435 452 1,700 Customer Support 595 591 567 581 2,334 614 612 606 599 2,430 311 310 518 622 1,760 License 126 189 138 173 626 1
Slide 33: Appendix A: Use of Non-GAAP Financial Measures
Appendix A Use of Non-GAAP Financial Measures In addition to reporting financial results in accordance with U.S. GAAP, the Company provides certain financial measures that are not in accordance with U.S. GAAP (Non-GAAP).These Non-GAAP financial measures have certain limitations in that they do not h
Slide 34: Summary of Quarterly Results with Constant Currency
Summary of Quarterly Results with Constant Currency Q4 F’25 % Change (In millions U.S. dollars, except per share data) Q4 F’25 Q4 F’24 $ Change % Change in CC* in CC* Revenues: Cloud services and subscriptions $474.5 $464.9 $9.6 2.1 % $471.3 1.4 % Customer support 580.6 628.4 (47.8) (7.6) % 575.5 (8
Slide 35: Summary of Year to Date Results with Constant Currency
Summary of Year to Date Results with Constant Currency % Change (In millions U.S. dollars, except per share data) F’25 YTD F’24 YTD $ Change % Change F’25 in CC* in CC* Revenues: Cloud services and subscriptions $1,856.5 $1,820.5 $36.0 2.0 % $1,857.9 2.1 % Customer support 2,334.0 2,713.3 (379.3) (1
Slide 36: Reconciliation of Selected Non-GAAP Measures | Q4 F'25
Reconciliation of Selected Non-GAAP Measures | Q4 F'25 Three Months Ended June 30, 2025 GAAP % of Total Non-GAAP % of (In ‘000's U.S. dollars, except per share data) GAAP Revenue Adjustments FN Non-GAAP Total Revenue COST OF REVENUES Cloud services and subscriptions $ 176,198 $ (1,489) (1) $ 174,709
Slide 37: Reconciliation of Selected Non-GAAP Measures | Q4 F'25
Reconciliation of Selected Non-GAAP Measures | Q4 F'25 FOOTNOTES 1 Adjustment relates to the exclusion of share-based compensation expense from our Non-GAAP-based operating expenses as this expense is excluded from our internal analysis of operating results. Adjustment relates to the exclusion of am
Slide 38: Reconciliation of Selected Non-GAAP Measures | F'25
Reconciliation of Selected Non-GAAP Measures | F'25 Year ended June 30, 2025 GAAP % of Total Non-GAAP % of (In ‘000's U.S. dollars, except per share data) GAAP Revenue Adjustments FN Non-GAAP Total Revenue COST OF REVENUES Cloud services and subscriptions $ 697,929 $ (8,317) (1) $ 689,612 Customer s
Slide 39: Reconciliation of Selected Non-GAAP Measures | F'25
Reconciliation of Selected Non-GAAP Measures | F'25 FOOTNOTES 1 Adjustment relates to the exclusion of share-based compensation expense from our Non-GAAP-based operating expenses as this expense is excluded from our internal analysis of operating results. Adjustment relates to the exclusion of amort
Slide 40: Reconciliation of Selected Non-GAAP Measures | Q4 F'24
Reconciliation of Selected Non-GAAP Measures | Q4 F'24 Three Months Ended June 30, 2024 GAAP % of Total Non-GAAP % of (In ‘000's U.S. dollars, except per share data) GAAP Revenue Adjustments FN Non-GAAP Total Revenue COST OF REVENUES Cloud services and subscriptions $ 175,799 $ (2,966) (1) $ 172,833
Slide 41: Reconciliation of Selected Non-GAAP Measures | Q4 F'24
Reconciliation of Selected Non-GAAP Measures | Q4 F'24 FOOTNOTES 1 Adjustment relates to the exclusion of share-based compensation expense from our Non-GAAP-based operating expenses as this expense is excluded from our internal analysis of operating results. Adjustment relates to the exclusion of am
Slide 42: Reconciliation of Selected Non-GAAP Measures | F'24
Reconciliation of Selected Non-GAAP Measures | F’24 Year Ended June 30, 2024 GAAP % of Total Non-GAAP % of (In ‘000's U.S. dollars, except per share data) GAAP Revenue Adjustments FN Non-GAAP Total Revenue COST OF REVENUES Cloud services and subscriptions $ 713,759 $ (12,858) (1) $ 700,901 Customer
Slide 43: Reconciliation of Selected Non-GAAP Measures | F'24
Reconciliation of Selected Non-GAAP Measures | F'24 FOOTNOTES 1 Adjustment relates to the exclusion of share-based compensation expense from our Non-GAAP-based operating expenses as this expense is excluded from our internal analysis of operating results. Adjustment relates to the exclusion of amort
Slide 44: Reconciliation of Adjusted EBITDA and Free Cash Flows
Reconciliation of Adjusted EBITDA and Free Cash Flows (In '000's U.S. dollars) Q4 F’25 Q4 F’24 GAAP-based net income, attributable to OpenText $ 28,833 $ 248,229 Add: Provision for (recovery of) income taxes (17,613) 239,578 Interest and other related expense, net 81,118 102,461 Amortization of acqu
Slide 45: Reconciliation of Adjusted EBITDA and Free Cash Flows
Reconciliation of Adjusted EBITDA and Free Cash Flows (In '000's U.S. dollars) F'16 F'17 F'18 F'19 F'20 F'21 F'22 F'23 F'24 F’25 Adjusted EBITDA GAAP-based net income, attributable to OpenText $ 284,477 $ 1,025,659 $ 242,224 $ 285,501 $ 234,225 $ 310,672 $ 397,090 $ 150,379 $ 465,090 $ 435,868 Add: