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.
2
Kimball Electronics (Nasdaq: KE)
(Unaudited)
Net Sales
$350
+6%
from Q3'20
$332
$325
$319
$321
$313
$310
$307
$300
$294
MillionsIn
$286
$275
$250
$225
$200
Q4'19
Q1'20
Q2'20
Q3'20
Q4'20
Q1'21
Q2'21
Q3'21
3
Kimball Electronics (Nasdaq: KE)
(Unaudited)
Net Sales Mix by Vertical Market
% of Sales
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
2%
2%
2%
2%
1%
1%
1%
1%
5%
5%
5%
4%
4%
4%
3%
4%
21%
21%
21%
21%
22%
26%
21%
22%
27%
32%
32%
28%
30%
38%
28%
43%
40%
40%
44%
42%
48%
45%
36%
26%
Q4'19
Q1'20
Q2'20
Q3'20
Q4'20
Q1'21
Q2'21
Q3'21
Automotive
Medical
Industrial
Public Safety
Other
4
Kimball Electronics (Nasdaq: KE)
Gross Margin %
(Unaudited)
10.0%
9.2%
9.3%
9.0%
8.4%
8.0%
7.3%
7.1%
7.3%
7.0%
6.7%
6.9%
Sales
6.0%
5.0%
% of
4.0%
3.0%
2.0%
1.0%
0.0%
Q4'19
Q1'20
Q2'20
Q3'20
Q4'20
Q1'21
Q2'21
Q3'21
5
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Kimball Electronics Inc. published this content on 06 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2021 12:16:04 UTC.
Kimball Electronics, Inc. is a multifaceted manufacturing solutions provider. The Company provides electronics manufacturing services (EMS), including engineering and supply chain support, to customers in the automotive, medical, and industrial end markets. It produces durable electronics and extends to contract manufacturing services for non-electronic components, medical disposables, drug delivery solutions, precision molded plastics, and production automation, test, and inspection equipment. Its services support the complete product life cycle of its customersâ products, and its processes and capabilities cover a range of products from high volume-low mix to high mix-low volume. It offers its services globally on a contract basis and it manufactures products to its customers' specifications. The Company manufactures products for its customers at facilities located in the United States, China, Mexico, Poland, Romania, Thailand, and Vietnam. It also has operations in India and Japan.
KIMBALL ELECTRONICS, INC. 
