Slide 1: Financial Results Third Quarter Fiscal Year 2015
Financial Results Third Quarter Fiscal Year 2015 Quarter Ended March 31, 2015 Supplementary Information to Kimball Electronics’ May 12, 2015 Earnings Release and Conference Call Lasting relationships. Global success.
Slide 2: Safe Harbor Statement
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 and are subject to risks and uncertainties including
Slide 3: Net Sales
Net Sales +11% $210 $208 $207 $204 $200 $199 $190 In Millions $186 $181 $180 $176 $170 $160 $150 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 3 Lasting relationships. Global success.
Slide 4: Net Sales Mix by Vertical Market
Net Sales Mix by Vertical Market 100% 2% 2% 2% 2% 2% 2% 3% 7% 7% 7% 7% 7% 8% 7% 90% 80% 22% 27% 28% 26% 26% 24% 25% 70% 60% % of Sales 30% 50% 28% 27% 28% 30% 30% 29% 40% 30% 20% 39% 37% 36% 36% 35% 36% 36% 10% 0% Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Automotive Medical Industrial Public Safety
Slide 5: Gross Margin %
Gross Margin % 10.0% 9.1% 9.2% 8.9% 8.8% 9.0% 8.6% 8.0% 7.7% 7.1% 7.0% 6.0% % of Sales 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 5 Lasting relationships. Global success.
Slide 6: Selling & Administrative Expense (%)
Selling & Administrative Expense (%) (Excludes spin-off costs*) 6.0% 5.0% 5.0% 4.5% 4.5% 4.5% 4.5% 4.0% 3.8% 3.8% % of Sales 3.0% 2.0% 1.0% 0.0% Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 *Spin-off costs excluded by quarter were Q3’14 - $0.8M (0.5% of sales), Q4’14 - $1.4M (0.7%), Q1’15 - $1.0M (0.5%
Slide 7: Adjusted Operating Income
Adjusted Operating Income (Excludes restructuring, spin-off costs and anti-trust lawsuit proceeds) $12.0 6.0% $11.1 $10.0 5.5% $10.0 $9.2 5.4% $8.8 5.0% $8.2 $8.0 4.8% 4.5% 4.6% % of Sales In Millions 4.4% 4.3% $6.0 4.0% $4.7 $4.9 3.5% $4.0 3.0% $2.0 2.7% 2.7% 2.5% $0.0 2.0% Q1'14 Q2'14 Q3'14 Q4'14
Slide 8: Adjusted Net Income
Adjusted Net Income (Excludes restructuring, spin-off costs and anti-trust lawsuit proceeds) $8.0 $7.4 $7.5 $7.0 $6.7 $6.8 $6.4 $6.0 $5.2 In Millions $5.0 $4.8 $4.0 $3.0 $2.0 $1.0 $0.0 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Note: Adjusted Net Income is a Non-GAAP measure – refer to Reconciliation
Slide 9: Adjusted EBITDA
Adjusted EBITDA (Excludes restructuring, spin-off costs and anti-trust lawsuit proceeds) $16.0 $15.0 $15.0 $14.0 $13.4 $12.8 $13.0 $12.0 $11.1 $9.8 In Millions $10.0 $8.0 $6.0 $4.0 $2.0 $0.0 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Note: Adjusted EBITDA is a Non-GAAP measure – refer to Reconciliati
Slide 10: Operating Cash Flow
Operating Cash Flow $20.0 $15.0 $10.0 In Millions $15.2 $12.1 $5.0 $8.0 $7.7 $5.6 $6.4 $0.0 ($4.5) -$5.0 -$10.0 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 10 Lasting relationships. Global success.
Slide 11: Capital Expenditures and Depreciation & Amortization
Capital Expenditures and Depreciation & Amortization $5.2 $7.5 $7.7 $5.0 $5.0 $6.5 $6.8 $4.8 $4.8 $6.3 $4.8 In Millions $4.6 $5.5 $5.5 $4.6 $4.5 $5.2 $4.5 $4.5 $4.5 $4.4 $4.3 $3.9 $3.5 $4.2 $2.5 $4.0 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Cap Ex Depr & Amort 11 Lasting relationships. Global succe
Slide 12: Reconciliation of Non-GAAP Results
Reconciliation of Non-GAAP Results Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Operating Income, as Reported $ 9,306 $ 4,881 $ 8,022 $ 7,721 $ 7,787 $ 8,697 $ 10,821 Add: Spin-off Expenses 0 0 802 1,431 964 1,285 321 Less: Settlement Proceeds from Lawsuits 5,022 0 666 0 0 0 0 Add: Restructuring Charge