OST or Offline Storage Files represent the user's mailbox data in offline mode on the local machine upon registration with Exchange Server using Microsoft Outlook. It is automatically created on the first use of Microsoft Outlook upon connectivity with the server. Once the file is created, the data is synchronized with the email server so that it is available offline as well in case of disconnectivity from the email server.
Files with .OTP extension represent presentation template files created by applications in OASIS OpenDocument standard format. The contents of such a file include presentation information in the form of slides with text, images, shapes, multimedia content, transition effects and other slide elements. These template files are used for creating new presentations quickly based on the styling information stored in the template itself. OTP files can be created and saved with several different applications such as Impress that comes with OpenOffice suite and Microsoft PowerPoint. The OTP file format is similar to Microsoft PowerPoint template files .POT and .POTX.
You can also convert OST into many other file formats. Please see the complete list below.