Kimball Electronics Investor Presentation — February 2022

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Second Quarter Fiscal 2022 Results

Quarter Ended December 31, 2021

Supplementary Information to the February 8, 202 2Earnings Conference Call & WebcastKimball Electronics (Nasdaq: KE)

Safe Harbor Statement

Certain statements contained within thissupplementary information, including ourfiscal year 2022 guidance, 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,

global health emergencies including theCOVID -19pandemic, availability orcost ofraw materials and components,

foreign exchange fluctuations, and ourability toconvert new business opportunities into customers and revenue .

Additional cautionary statements regarding other riskfactors that could have aneffect onthefuture performance of

Kimball Electronics, Inc.(the“Company”) arecontained intheCompany’s Annual Report onForm 10-Kforthefiscal year

ended June 30,2021 ,ourearnings release, andother filings withtheSecurities andExchange 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

andallow investors tomeaningfully trend, analyze, andbenchmark theperformance oftheCompany’s core operations .

Many oftheCompany’s internal performance measures thatmanagement uses tomake certain operating decisions use

these andother non-GAAP measures toenable meaningful trending ofcore operating metrics .Reconciliations ofthe

reported GAAP numbers tothese non-GAAP financial measures areincluded ontheReconciliation ofNon-GAAP Results

slide, which isthefinal slide ofthissupplementary information .

2Kimball Electronics (Nasdaq: KE)