Kimball Electronics Investor Presentation — February 2021

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Second Quarter Fiscal Year 2021

Quarter Ended December 31, 2020

Supplementary Information to February 4, 2021

Earnings Conference CallKimball Electronics (Nasdaq: KE)

Safe Harbor Statement

Certain statements contained within this supplementary information 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.” These forward-looking statements are subject to risks and

uncertainties including without limitation global economic conditions, the geopolitical environment, global health

emergencies including the COVID-19 pandemic, 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. A non-GAAP financial measure is a

numerical measure of a company’s financial performance that excludes or includes amounts so as to be different

than the most directly comparable measure calculated and presented in accordance with Generally Accepted

Accounting Principles (GAAP) in the United States in the statement of income, statement of comprehensive

income, balance sheet, statement of cash flows, or statement of Share Owners' equity of the Company. The non-

GAAP financial measures contained herein include Adjusted Selling & Administrative Expenses, Adjusted

Operating Income, Adjusted Net Income, Adjusted EBITDA, and Return on Invested Capital (ROIC), which have

been adjusted for changes in the fair value of the supplemental employee retirement plan (“SERP”), goodwill

impairment, expense related to adjustments after the measurement period of the GES acquisition, and proceeds

from lawsuit settlements. Management believes it is useful for investors to understand how its core operations

performed without the effects of the SERP liability, the goodwill impairment, the expense related to the

adjustments after the measurement period of the GES acquisition, and the lawsuit proceeds. Excluding these

amounts allows investors to meaningfully trend, analyze, and benchmark the performance of the Company’s core