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Financial Results Fourth Quarter Fiscal Year 2021 Quarter Ended June 30, 2021 Supplementary Information to August 5, 2021 Earnings Conference Call
Fourth Quarter Fiscal Year 2021
Quarter Ended June 30, 2021
Supplementary Information to August 5, 2021
Earnings Conference CallSafe Harbor Statement
Certain statements contained within this supplementary information, including our fiscal year 2022 guidance, and any
statements made during our earnings conference call today may be considered forward -looking under the Private
Securities Litigation Reform Act of 1995. The statements may be identified by the use of words such as “expect,” “should,” “goal,” “predict,” “will,” “future,” “optimistic,” “confident,” and “believe.” Undue reliance should not be placedon these forward- looking statements. These statements are based on current expectations of future events and thus
are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections. These forward-looking statements are subject to risks and uncertainties including, without limitation, global economic conditions, geopolitical environment, global health emergencies including the COVID -19 pandemic, availability or cost of raw
materials and components, foreign exchange fluctuations, and our ability to convert new business opportunities into customers and revenue. Additional cautionary statements regarding other risk factors that could have an effect on the future performance of Kimball Electronics, Inc. (the “Company”) are contained in the Company’s Annual Report on Form 10- K for the fiscal year ended June 30, 2020, our earnings release, and other filings with the Securities and
Exchange Commission (the “SEC”).
This supplementary information contains non- GAAP financial measures. The non- GAAP financial measures contained
herein include Adjusted Selling & Administrative Expenses, Adjusted Operating Income, Adjusted Net Income, Adjusted
Diluted Earnings Per Share, and Return on Invested Capital (“ROIC”). Management believes these measures are useful and allow investors to meaningfully trend, analyze, and benchmark the performance of the Company’s core operations. Many of the Company’s internal performance measures that management uses to make certain operating decisions use these and other non- GAAP measures to enable meaningful trending of core operating metrics.
Reconciliations of the reported GAAP numbers to these non- GAAP financial measures are included on the
Reconciliation of Non- GAAP Results slide, which is the final slide of this supplementary information.
23Speakers on today’s call
•Don Charron - Chairman & CEO
•Jana Croom -Vice President, CFO
•Andy Regrut -Head of Investor Relations4Q4 2021 financial highlights
•Strong top line growth, sales increase 15% year -over -year
•Gross margin rate up 240 bps compared to Q4 2020
•Adjusted non-GAAP operating income(1) 5.5% of net sales
•170 bps increase over Q4 last year
•4thconsecutive quarter exceeding goal of 4.5%
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