Files with .PST extension represent Outlook Personal Storage Files (also called Personal Storage Table) that store variety of user information. User information is stored in folders of different types that include emails, calendar items, notes, contacts, and several other file formats. PST files are used for archiving emailing data offline that can be later loaded and viewed in various applications.
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 PST into many other file formats. Please see the complete list below.