Kimball Electronics Investor Presentation — May 2021

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Third Quarter Fiscal Year 2021

Quarter Ended March 31, 2021

Supplementary Information to May 6, 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, 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 EBITDA, 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.

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3Kimball Electronics (Nasdaq: KE)

Net Sales(Unaudited)

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