Slide 1: First Quarter 2023 Preliminary Earnings Supplement
1 Preliminary First Quarter 2023 Earnings Supplement First Quarter 2023 Preliminary Earnings Supplement April 19, 2023
Slide 2: Forward-Looking Statements
2 Preliminary First Quarter 2023 Earnings Supplement Forward-Looking Statements Statements made during this presentation that set forth expectations, predictions, projections or are about future events are based on facts and situations that are known to us as of April 19, 2023. We believe that our e
Slide 3: Preliminary First Quarter 2023 Results
3 Preliminary First Quarter 2023 Earnings Supplement Preliminary First Quarter 2023 Results • Despite being down from the extraordinary pandemic driven demand level over the last two years, Matson’s Ocean Transportation and Logistics business segments performed well in a challenging business environ
Slide 4: Preliminary First Quarter 2023 Results (continued)
4 Preliminary First Quarter 2023 Earnings Supplement Preliminary First Quarter 2023 Results (continued) (1) Total debt is presented before any adjustment for deferred loan fees as required by U.S. GAAP. ($ in millions, except per share data) Preliminary Range ($ in millions) INCOME STATEMENT BALANCE
Slide 5: Commentary on the Transpacific Tradelane
5 Preliminary First Quarter 2023 Earnings Supplement Commentary on the Transpacific Tradelane • In 1Q23, retail customers continued to conservatively manage inventories amid weakening consumer demand, increasing interest rates and economic uncertainty • Currently in the Transpacific marketplace, bus
Slide 6: Hawaii
6 Preliminary First Quarter 2023 Earnings Supplement Hawaii Service First Quarter 2023 Performance • Container volume decreased 0.8% YoY – Lower eastbound volume – 1Q23 volume 0.9% higher than volume achieved in 1Q19 • During 1Q23, domestic tourist arrivals remained relatively strong and internation
Slide 7: China
7 Preliminary First Quarter 2023 Earnings Supplement China Service First Quarter 2023 Performance Container Volume (FEU Basis) 8,000 13,000 18,000 23,000 28,000 33,000 38,000 43,000 48,000 53,000 Q1 Q2 Q3 Q4 2022 2023 Note: CCX service started in 3Q21 and ended in 3Q22. • Container volume decreased
Slide 8: Guam
8 Preliminary First Quarter 2023 Earnings Supplement Guam Service First Quarter 2023 Performance Container Volume (FEU Basis) 3,000 3,500 4,000 4,500 5,000 5,500 6,000 Q1 Q2 Q3 Q4 2022 2023 • Container volume decreased 10.9% YoY primarily due to lower retail-related demand – 1Q23 volume 3.9% lower t
Slide 9: Alaska
9 Preliminary First Quarter 2023 Earnings Supplement Alaska Service First Quarter 2023 Performance • Container volume decreased 4.8% YoY – Lower export seafood volume from AAX primarily due to 3 less sailings – Lower southbound volume primarily due to lower domestic seafood and household goods volum
Slide 10: Matson Logistics First Quarter 2023 Performance
10 Preliminary First Quarter 2023 Earnings Supplement Matson Logistics First Quarter 2023 Performance Operating Income $ 0.0 $ 5.0 $ 10.0 $ 15.0 $ 20.0 $ 25.0 Q1 Q2 Q3 Q4 $ in millions 2022 2023 $10.0 to $11.0 million • Operating income of $10.0 to $11.0 million; YoY decrease of approximately $5.4 t