Kimball Electronics Investor Presentation — May 2024

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Kimball Electronics | 1

Third Quarter Fiscal 2024 Results

Quarter Ended March 31, 2024

Supplementary Information to the May 8, 2024, Earnings Conference Call & WebcastKimball Electronics | 2Kimball Electronics (Nasdaq: KE)

Safe Harbor Statement

Certain statements contained within thissupplementary information, including ourfiscal year 2024 guidance, andanystatements

made during ourearnings conference calltoday may beconsidered forward -looking under thePrivate Securities Litigation Reform

Actof1995 .The statements may beidentified bytheuseofwords such as“expect,” “should,” “goal,” “predict,” “will,” “future,”

“optimistic,” “confident,” and “believe .”Undue reliance should notbeplaced onthese forward -looking statements .These

statements arebased oncurrent expectations offuture events and thus areinherently subject touncertainty .Ifunderlying

assumptions prove inaccurate orknown orunknown risks oruncertainties materialize, actual results could vary materially from our

expectations andprojections .These forward -looking statements aresubject torisks anduncertainties including, without limitation,

global economic conditions, geopolitical environment and conflicts such asthewar inUkraine, global health emergencies,

availability orcost ofraw materials and components, foreign exchange fluctuations, and ourability 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 onForm 10-Kfor

thefiscal year ended June 30,2023 ,ourearnings release, andother filings with theSecurities andExchange Commission (the

This supplementary information contains non-GAAP financial measures .The non-GAAP financial measures contained herein

include Constant Currency Growth, 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 ofthe

Company’s internal performance measures thatmanagement uses tomake certain operating decisions include these andother non-

GAAP measures toenable meaningful trending ofcore operating metrics. Reconciliations ofthereported GAAP numbers tothese

non-GAAP financial measures areincluded ontheReconciliation ofNon-GAAP Results slides.Kimball Electronics | 3

•Financial results for the third quarter