Slide 1: Second Quarter 2022 Preliminary Earnings Supplement
1 Preliminary Second Quarter 2022 Earnings Supplement Second Quarter 2022 Preliminary Earnings Supplement July 19, 2022
Slide 2: Forward-Looking Statements
2 Preliminary Second 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 July 19, 2022. We believe that our
Slide 3: Preliminary Second Quarter 2022 Results
3 Preliminary Second Quarter 2022 Earnings Supplement Preliminary Second Quarter 2022 Results • Matson performed well in 2Q22 with higher year - over - year operating income in both Ocean Transportation and Logistics • Ocean Transportation: – China service continued to see significant demand • Volum
Slide 4: Preliminary Second Quarter 2022 Results (continued)
4 Preliminary Second Quarter 2022 Earnings Supplement Preliminary Second 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: Current Views on the Transpacific Tradelane
5 Preliminary Second Quarter 2022 Earnings Supplement Current Views on the Transpacific Tradelane • We are seeing solid demand for our China service as China’s factory production continues to recover from the COVID - 19 - related supply chain challenges • However, in recent weeks we have seen a grad
Slide 6: Hawaii volume decreased 1.5% YoY
6 Preliminary Second Quarter 2022 Earnings Supplement Hawaii Service Second Quarter 2022 Performance • Container volume decreased 1.5% YoY primarily due to lower retail - related demand • Continued economic recovery in Hawaii from pandemic, but facing headwinds from a combination of economic effects
Slide 7: China volume increased 11.7% YoY
7 Preliminary Second Quarter 2022 Earnings Supplement China Service Second 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. 4Q21 volume figure includes the benef
Slide 8: Guam volume decreased 7.0% YoY
8 Preliminary Second Quarter 2022 Earnings Supplement Guam Service Second 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 7.0% YoY primarily due to lower retail - related demand • Economic recovery tra
Slide 9: Alaska volume increased 12.2% YoY
9 Preliminary Second Quarter 2022 Earnings Supplement Alaska Service Second Quarter 2022 Performance • Container volume increased 12.2% YoY – Higher northbound volume primarily due to higher retail - related demand and an additional sailing – Higher AAX seafood volume • Improving economic trends in
Slide 10: Matson Logistics Second Quarter 2022 Performance
10 Preliminary Second Quarter 2022 Earnings Supplement Matson Logistics Second 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 $22.5 to $23.5 million • Operating income of $22.5 to $23.5 million; YoY change of approximately $9.6 t