Kimball Electronics (Nasdaq: KE)

Safe Harbor Statement

Certain statements contained within this supplementary information, including our fiscal year 2023 guidance, 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." Undue reliance should not be placed on

these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections. These forward-looking statements are subject to risks and uncertainties including, without limitation, global economic conditions, geopolitical environment, and conflicts such as the war in Ukraine, 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, 2021, 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 Diluted Earnings Per Share, 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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Kimball Electronics (Nasdaq: KE)

Today's speakers

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Kimball Electronics (Nasdaq: KE)

Very pleased with Q4 and full year fiscal 2022 results…

• For the second consecutive quarter, net sales reached

an all-time high for the company…

• Operating income margin exceeded 5%

• These results were in-line with the guidance we

provided in May

• Highest level of partnership across the value chain

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Kimball Electronics (Nasdaq: KE)

In total, fiscal 2022 was very much the bifurcated year we expected

• Strong second half driving annual revenue to record levels
• The world continues to experience unprecedented events and

circumstances

• The lockdowns associated with China's zero-tolerance policy on COVID-19 have been a reminder of how unpredictable the current environment can be

• Seems we all are adjusting to a "new normal"

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