Slide 1: Fourth Quarter 2022 Preliminary Earnings Supplement
1 Preliminary Fourth Quarter 2022 Earnings Supplement Fourth Quarter 2022 Preliminary Earnings Supplement January 18, 2023
Slide 2: Forward-Looking Statements
2 Preliminary Fourth Quarter 2022 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 January 18, 2023. We believe that
Slide 3: Preliminary Fourth Quarter 2022 Results
3 Preliminary Fourth Quarter 2022 Earnings Supplement Preliminary Fourth Quarter 2022 Results • Matson’s Ocean Transportation and Logistics business segments performed well in a difficult business environment • Ocean Transportation: – Our China service achieved lower year - over - year volume and fr
Slide 4: Preliminary Fourth Quarter 2022 Results (continued)
4 Preliminary Fourth Quarter 2022 Earnings Supplement Preliminary Fourth Quarter 2022 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 BALAN
Slide 5: Commentary on the Transpacific Tradelane
5 Preliminary Fourth Quarter 2022 Earnings Supplement Commentary on the Transpacific Tradelane • As mentioned on the 3Q22 earnings call, we expected 4Q22 and 1Q23 to be challenging in the Transpacific tradelane as retailers’ inventories adjust to consumer demand levels and as ocean liners reduce ves
Slide 6: Hawaii
6 Preliminary Fourth Quarter 2022 Earnings Supplement Hawaii Service Fourth Quarter 2022 Performance • Container volume decreased 13.0% YoY – Lower retail - and hospitality - related demand compared to elevated pandemic levels in 4Q21 – Extra week in 4Q21 – 4Q22 volume lower than volume achieved in
Slide 7: China
7 Preliminary Fourth Quarter 2022 Earnings Supplement China Service Fourth Quarter 2022 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 58,000 Q1 Q2 Q3 Q4 2021 2022 Note : CCX service started in 3Q21 and ended in 3Q22. 4Q21 volume figure
Slide 8: Guam
8 Preliminary Fourth Quarter 2022 Earnings Supplement Guam Service Fourth Quarter 2022 Performance Container Volume (FEU Basis) 3,000 3,500 4,000 4,500 5,000 5,500 6,000 Q1 Q2 Q3 Q4 2021 2022 • Container volume decreased 14.0% YoY primarily due to lower retail - related demand – 4Q22 volume higher t
Slide 9: Alaska
9 Preliminary Fourth Quarter 2022 Earnings Supplement Alaska Service Fourth Quarter 2022 Performance • Container volume decreased 7.7% YoY – Lower northbound volume primarily due to one less sailing and one less week – Lower southbound volume primarily due to lower domestic seafood volume and one le
Slide 10: Matson Logistics Fourth Quarter 2022 Performance
10 Preliminary Fourth Quarter 2022 Earnings Supplement Matson Logistics Fourth Quarter 2022 Performance Operating Income $ 0.0 $ 5.0 $ 10.0 $ 15.0 $ 20.0 $ 25.0 Q1 Q2 Q3 Q4 $ in millions 2021 2022 $12.0 to $13.0 million • Operating income of $12 to $13 million; YoY decrease of approximately $1.8 to