Slide 1: Investor Presentation
Investor Presentation August 6, 2026 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: Financial Results & Outlook
Financial Results & Outlook DRAFT – PRIVILEGED & CONFIDENTIAL OpenText ©2025. All rights reserved. 3
Slide 4: Q4 FY'26 Key Quarter Financial Highlights
Q4 FY’26 Key Quarter Financial Highlights Ex-Divestitures(4) As Reported In Constant Currency(3) As Reported In Constant Currency(3) Key Financials Y/Y Y/Y Y/Y Y/Y Q4 FY’26 Q4 FY’26 Q4 FY’26 Q4 FY’26 % Change % Change % Change % Change Total Revenues $1,349M +2.9% $1,322M +0.9% $1,344M +5.0% $1,317M
Slide 5: Current and Total RPO
Current and Total RPO RPO(1) Q4 FY’26 Q4 FY’25 % Y/Y(2) Current RPO (cRPO) Cloud Services and Subscription $1.3B $1.2B +10% Customer Support and Other* $1.3B $1.4B -6% Total cRPO $2.6B $2.6B +1% Long Term RPO Cloud Services and Subscription $1.5B $1.3B +15% Customer Support and Other $0.5B $0.4B +17
Slide 6: FY'26 Full Fiscal Year Financial Highlights
FY’26 Full Fiscal Year Financial Highlights Ex-Divestitures(4) As Reported In Constant Currency(3) As Reported In Constant Currency(3) Key Financials Y/Y Y/Y Y/Y Y/Y FY’26 FY’26 FY’26 FY’26 % Change % Change % Change % Change Total Revenues $5,246M +1.5% $5,110M -1.1% $5,164M +2.1% $5,031M -0.5% Ann
Slide 7: Key Additional Metrics
Key Additional Metrics Y/Y Y/Y Additional Metrics Q4 FY’26 FY’26 % Change % Change Enterprise Cloud Bookings(1) $295M +24.1% $947M 22.5% # of Cloud Deals >$1M 64 +48.8% 191 28.2% Cloud Net Renewal Rate(2) 94% -180 bps 94% -180 bps Customer Support Net Renewal Rate(2) 93% +170 bps 93% +170 bps 1. Ent
Slide 8: Q4 FY'26 Total Revenues by Product Category
Q4 FY'26 Total Revenues by Product Category Core business revenue grew 3% y/y in constant currency and all core businesses achieved organic growth in the quarter Ex-Divestitures Q4 FY'26 As Reported In Constant Currency As Reported In Constant Currency US$M Y/Y Growth US$M Y/Y Growth US$M Y/Y Growth
Slide 9: FY'26 Total Revenues by Product Category
FY'26 Total Revenues by Product Category Content continues to drive Core business growth and broader Core businesses trended upwards through the year Ex-Divestitures FY'26 As Reported In Constant Currency As Reported In Constant Currency US$M Y/Y Growth US$M Y/Y Growth US$M Y/Y Growth US$M Y/Y Growt
Slide 10: Q4 FY'26 Cloud Revenues by Product Category
Q4 FY'26 Cloud Revenues by Product Category Core Cloud revenue continues to grow at approximately twice the pace of Total Cloud Revenues Ex-Divestitures Q4 FY'26 As Reported In Constant Currency As Reported In Constant Currency US$M Y/Y Growth US$M Y/Y Growth US$M Y/Y Growth US$M Y/Y Growth Content
Slide 11: FY'26 Cloud Revenues by Product Category
FY'26 Cloud Revenues by Product Category Core Cloud revenue continues to grow over twice the pace of Total Cloud Revenues Ex-Divestitures FY'26 As Reported In Constant Currency As Reported In Constant Currency US$M Y/Y Growth US$M Y/Y Growth US$M Y/Y Growth US$M Y/Y Growth Content $578 +20% $560 +16
Slide 12: Q4 FY'26 Global Client Wins
Q4 FY’26 Global Client Wins Americas Content Government - United Arab Emirates Business Financial Services - Canada Network Challenge & Solution: The absence of a unified Challenge & Solution: As part of its broader payment platform hindered the ability to enforce consistent modernization strategy,
Slide 13: Diversified Markets & Sectors
Diversified Markets & Sectors • Deeply integrated “sticky” products with an average deployment life span of a decade or more • Strong competitive advantage that protects our position in the market and makes it difficult for competitors to enter or displace Representing Many Key Highly Globally Diver
Slide 14: FY'27 Annual Outlook
FY’27 Annual Outlook Metrics FY'27 • All Core Businesses expected to grow in FY'27 Core Revenue Growth(1) 2% to 3% in CC • Content Cloud revenue growth leading the business • Total Revenue includes approximately $30 million foreign currency headwind Core Cloud Revenue Growth(2) • Organically, Total
Slide 15: OpenText Strategy
OpenText Strategy DRAFT – PRIVILEGED & CONFIDENTIAL OpenText ©2025. All rights reserved. 15
Slide 16: OpenText
OpenText A World Leader in data management for enterprise AI 120K+ 98 of top 100 Enterprise clients Global Companies are • We provide the secure data foundation in the AI stack. OpenText clients • We give clients three dimensions of choice with one trusted data foundation: 1. How they deploy: on pre
Slide 17: The Enterprise Assessment
The Enterprise Assessment Supports growth objectives in FY'27 and multi-year plan to drive enhanced performance in FY'28+ Portfolio & Go-to-Market Development Integrated Plan Marketing & Demand Execution Model & Generation Engine Decision Rights Talent & Culture Now Dec 2026 Early 2027 FY'27 Assessm
Slide 18: The AI Value we Deliver Clients
The AI Value we Deliver Clients In the last eight quarters, Aviator has more than doubled annual deal volume and driven 4X larger deal sizes Application Delivery Content Cloud Cybersecurity Business Network Management At one of the world's At a leading global A third of Fortune 500 At a major health
Slide 19: Core Business Drives Our Growth
Core Business Drives Our Growth Content Business Network ITOM Cybersecurity (Enterprise) Human-generated data, cloud- Data moving between IT operations management, Protection layer across the led growth organizations observability stack 43% 12% 9% 13% of FY’26 Total Revenue of FY’26 Total Revenue of
Slide 20: Cloud Driving the Business Model – Illustrative Migration Path
Cloud Driving the Business Model – Illustrative Migration Path 1. Focus on the Core Product Categories 2. Cloud to drive Core ARR(1) and RPO Growth 3. Grow A-EBITDA(2) Dollars per Share Total Revenue Over Time ARR & Total RPO Continued cloud expansion as it exceeds 50% total revenue RPO expansion as
Slide 21: Disciplined Capital Deployment
Disciplined Capital Deployment Debt Reduction • Reduced debt by $459 million in Q4 FY'26, including $300 million discretionary debt repayment from available liquidity Strong Financial Position • Delivered total debt reduction of $649 million in FY'26 • Reduced net leverage ratio to 2.75x(2) • Revenu
Slide 22: opentext.com · twitter.com/opentext · linkedin.com/company/opentext
opentext.com · twitter.com/opentext · linkedin.com/company/opentext
Slide 23: Appendix
Appendix OpenText ©2025. All rights reserved. 23
Slide 24: Appendix A: Use of Non-GAAP Financial Measures
Appendix A Use of Non-GAAP Financial Measures In addition to reporting financial results in accordance with U.S. GAAP, the Company provides certain financial measures that are not in accordance with U.S. GAAP (Non-GAAP).These Non-GAAP financial measures have certain limitations in that they do not h
Slide 25: OpenText's Product Categories - Historical (Total Revenue)
OpenText’s Product Categories - Historical Total Revenue Q1 FY’26 Q1 FY’26 % of Q1 FY'26 Q2 FY’26 Q2 FY’26 % of Q2 FY'26 Q3 FY’26 Q3 FY’26 % of Q3 FY'26 (US$M) Total Revenue % Growth Y/Y (US$M) Total Revenue % Growth Y/Y (US$M) Total Revenue % Growth Y/Y Content $523 41% 3% Business $573 Unit 43% 4%
Slide 26: OpenText's Product Categories - Historical (Cloud Revenue)
OpenText’s Product Categories - Historical Cloud Revenue Q1 FY’26 Q1 FY’26 % of Q1 FY'26 Q2 FY’26 Q2 FY’26 % of Q2 FY'26 Q3 FY’26 Q3 FY’26 % of Q3 FY'26 (US$M) Total Revenue % Growth Y/Y (US$M) Total Revenue % Growth Y/Y (US$M) Total Revenue % Growth Y/Y Business Unit $136 Content 28% 21% $138 29% 1
Slide 27: Debt Profile & Net Leverage
Debt Profile & Net Leverage Q4 FY’26 Net Debt Weighted Avg. Interest Rate % Fixed Rate Annualized Interest Cost(1) Consolidated Net Leverage Ratio(2) $4.9B 4.9% 74% $283M 2.75x Gross debt minus cash Blended across portfolio $4.3B of $5.8B Pre-tax cash cost Bank Covenant Methodology Total Debt Q4 FY’
Slide 28: Business Optimization Plan and Other Savings Initiatives
Business Optimization Plan and Other Savings Initiatives On Track • >2x return on benefit vs. cost FY'25 FY’26 FY’27+ Savings • Upside from early execution • Remain committed to re-invest in Innovation and Growth through select $490M to 35% 35% 30% investments in Go-To-Market, Cloud, AI $550M and Se
Slide 29: Summary of Quarterly Results with Constant Currency
Summary of Quarterly Results with Constant Currency Q4 FY’26 % Change (In millions U.S. dollars, except per share data) Q4 FY’26 Q4 FY’25 $ Change % Change in CC* in CC* Revenues: Cloud services and subscriptions $503.0 $474.5 $28.5 6.0 % $494.9 4.3 % Customer support 553.8 580.6 (26.7) (4.6) % 541.
Slide 30: 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) FY’26 YTD FY’25 YTD $ Change % Change FY’26 in CC* in CC* Revenues: Cloud services and subscriptions $1,958.6 $1,856.5 $102.1 5.5 % $1,919.4 3.4 % Customer support 2,287.4 2,334.0 (46.6)
Slide 31: Reconciliation of Selected Non-GAAP Measures | Q4 FY'26
Reconciliation of Selected Non-GAAP Measures | Q4 FY’26 Three Months Ended June 30, 2026 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 $ 180,788 $ (1,555) (1) $ 179,23
Slide 32: Reconciliation of Selected Non-GAAP Measures | Q4 FY'26
Reconciliation of Selected Non-GAAP Measures | Q4 FY’26 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 a
Slide 33: Reconciliation of Selected Non-GAAP Measures | FY'26
Reconciliation of Selected Non-GAAP Measures | FY’26 Year ended June 30, 2026 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 $ 700,617 $ (6,374) (1) $ 694,243 Customer
Slide 34: Reconciliation of Selected Non-GAAP Measures | FY'26
Reconciliation of Selected Non-GAAP Measures | FY’26 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 amor
Slide 35: Reconciliation of Selected Non-GAAP Measures | Q4 FY'25
Reconciliation of Selected Non-GAAP Measures | Q4 FY’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) $ 174,70
Slide 36: Reconciliation of Selected Non-GAAP Measures | Q4 FY'25
Reconciliation of Selected Non-GAAP Measures | Q4 FY’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 a
Slide 37: Reconciliation of Selected Non-GAAP Measures | FY'25
Reconciliation of Selected Non-GAAP Measures | FY’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
Slide 38: Reconciliation of Selected Non-GAAP Measures | FY'25
Reconciliation of Selected Non-GAAP Measures | FY’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 amor
Slide 39: Reconciliation of Adjusted EBITDA and Free Cash Flow
Reconciliation of Adjusted EBITDA and Free Cash Flow (In '000's U.S. dollars) Q4 FY’26 Q4 FY’25 GAAP-based net income, attributable to OpenText $ 155,663 $ 28,833 Add: Provision for (recovery of) income taxes 94,799 (17,613) Interest and other related expense, net 74,845 81,118 Amortization of acqui
Slide 40: Reconciliation of Adjusted EBITDA and Free Cash Flow
Reconciliation of Adjusted EBITDA and Free Cash Flow (In '000's U.S. dollars) FY’17 FY’18 FY’19 FY’20 FY’21 FY’22 FY’23 FY’24 FY’25 FY’26 Adjusted EBITDA GAAP-based net income, attributable to OpenText $1,025,659 $ 242,224 $ 285,501 $ 234,225 $ 310,672 $ 397,090 $ 150,379 $ 465,090 $ 435,868 $ 643,0