OST or Offline Storage Files represent user's mailbox data in offline mode on local machine upon registration with Exchange Server using Microsoft Outlook. It is automatically created on the first use of Microsoft Outlook upon connectivity with 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 email server.
Files with POTM extension are Microsoft PowerPoint template files with support for Macros. POTM files are created with PowerPoint 2007 or above and contains default settings that can be used to create further presentation files. These settings can include styles, backgrounds, colour palette, fonts and defaults along with macros that consist of custom functions for doing particular task. They may also be opened by a previous version of PowerPoint with Open XML document support installed. POTM files can be opened in Microsoft PowerPoint for editing like any other PowerPoint file.
You can also convert OST into many other file formats. Please see the complete list below.