Slide 1: Third Quarter 2022 Preliminary Earnings Supplement
1 Preliminary Third Quarter 2022 Earnings Supplement Third Quarter 2022 Preliminary Earnings Supplement October 17, 2022
Slide 2: Forward-Looking Statements
2 Preliminary Third 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 October 17, 2022. We believe that o
Slide 3: Preliminary Third Quarter 2022 Results
3 Preliminary Third Quarter 2022 Earnings Supplement Preliminary Third Quarter 2022 Results • Matson’s differentiated ocean services performed well in 3Q22, but the Company achieved lower year - over - year consolidated operating income – Lower demand for expedited ocean services in the Transpacific
Slide 4: Preliminary Third Quarter 2022 Results (continued)
4 Preliminary Third Quarter 2022 Earnings Supplement Preliminary Third 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 BALANCE
Slide 5: Commentary on the Transpacific Tradelane
5 Preliminary Third Quarter 2022 Earnings Supplement Commentary on the Transpacific Tradelane • In 3Q22, saw lower demand for expedited ocean services in the Transpacific tradelane compared to the high levels of freight demand during the pandemic in the year ago period – With less demand for expedit
Slide 6: Hawaii
6 Preliminary Third Quarter 2022 Earnings Supplement Hawaii Service Third Quarter 2022 Performance • Container volume decreased 7.1% YoY primarily due to lower retail - related demand – YoY decline impacted by pandemic spike in demand in 3Q21 – 3Q22 volume higher than volume achieved in 3Q19 • Durin
Slide 7: China
7 Preliminary Third Quarter 2022 Earnings Supplement China Service Third 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 in
Slide 8: Guam
8 Preliminary Third Quarter 2022 Earnings Supplement Guam Service Third 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 1.8% YoY primarily due to lower retail - related demand – 3Q22 volume higher than
Slide 9: Alaska
9 Preliminary Third Quarter 2022 Earnings Supplement Alaska Service Third Quarter 2022 Performance • Container volume increased 10.6% YoY – Higher AAX export seafood volume – Higher northbound volume primarily due to higher retail - related demand and volume related to a competitor’s dry - docking –
Slide 10: Matson Logistics Third Quarter 2022 Performance
10 Preliminary Third Quarter 2022 Earnings Supplement Matson Logistics Third 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 $19.0 to $20.0 million • Operating income of $19 to $20 million; YoY change of approximately $3.0 to $4.0