Kimball Electronics Investor Presentation — August 2022

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Fourth Quarter and Full Year Fiscal 2022 Results

Quarter Ended June 30, 2022

Supplementary Information to the August 5 , 202 2,Earnings Conference Call & WebcastKimball Electronics (Nasdaq: KE)

Safe Harbor Statement

Certain statements contained within thissupplementary information, including ourfiscal year 2023guidance, and any

statements made during ourearnings conference calltoday may beconsidered forward -looking under thePrivate

Securities Litigation Reform Actof1995 .The statements may beidentified bytheuse ofwords such as“expect,”

“should,” “goal,” “predict,” “will,” “future,” “optimistic,” “confident,” and“believe .”Undue reliance should notbeplaced on

these forward -looking statements .These statements arebased oncurrent expectations offuture events andthus are

inherently subject touncertainty .Ifunderlying assumptions prove inaccurate orknown orunknown risks oruncertainties

materialize, actual results could vary materially from ourexpectations andprojections .These forward -looking statements

aresubject torisks anduncertainties including, without limitation, global economic conditions, geopolitical environment,

andconflicts such asthewarinUkraine, global health emergencies including theCOVID -19pandemic, availability orcost

ofrawmaterials andcomponents, foreign exchange fluctuations, andourability toconvert new business opportunities

intocustomers andrevenue .Additional cautionary statements regarding other riskfactors thatcould have aneffect on

thefuture performance ofKimball Electronics, Inc.(the “Company”) arecontained intheCompany’s Annual Report on

Form 10-Kforthefiscal year ended June 30,2021 ,ourearnings release, and other filings with theSecurities 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 NetIncome, Adjusted

Diluted Earnings PerShare, andReturn onInvested Capital (“ROIC”) .Management believes these measures areuseful

and allow investors tomeaningfully trend, analyze, and benchmark the performance ofthe Company’s core

operations .Many oftheCompany’s internal performance measures thatmanagement uses tomake certain operating

decisions use these and other non-GAAP measures toenable meaningful trending ofcore operating

metrics .Reconciliations ofthereported GAAP numbers tothese non-GAAP financial measures areincluded onthe

Reconciliation ofNon-GAAP Results slide, which isthefinal slide ofthissupplementary information .