Slide 1: First Quarter 2022 Preliminary Earnings Supplement
1 Preliminary First Quarter 2022 Earnings Supplement First Quarter 2022 Preliminary Earnings Supplement April 19, 2022
Slide 2: Forward-Looking Statements
2 Preliminary First 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 April 19, 2022. We believe that our
Slide 3: Preliminary First Quarter 2022 Results
3 Preliminary First Quarter 2022 Earnings Supplement Preliminary First Quarter 2022 Results • Matson is off to a solid start in 2022 with higher year - over - year operating income in both Ocean Transportation and Logistics • China service continued to see significant demand – Volume for e - commerc
Slide 4: Preliminary First Quarter 2022 Results (continued)
4 Preliminary First Quarter 2022 Earnings Supplement Preliminary First Quarter 2022 Results (continued) (1) Total debt is presented before any adjustment for deferred loan fees as required by U.S. GAAP.
Slide 5: Hawaii
5 Preliminary First Quarter 2022 Earnings Supplement Hawaii Service First Quarter 2022 Performance • Container volume decreased 0.6% YoY – Primarily due to lower eastbound volume – Continued to see elevated hospitality - related demand – Strong domestic tourist arrivals and improving international t
Slide 6: China
6 Preliminary First Quarter 2022 Earnings Supplement China Service First 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 benefit
Slide 7: Guam
7 Preliminary First Quarter 2022 Earnings Supplement Guam Service First 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 10.0% • Container volume increased 10.0% YoY – Higher retail - related demand • Cautiously optimistic on furth
Slide 8: Alaska
8 Preliminary First Quarter 2022 Earnings Supplement Alaska Service First Quarter 2022 Performance • Container volume increased 20.2% YoY – Increase in AAX seafood volume – Higher northbound volume primarily due to: • Higher retail - related demand • TOTE dry - dock volume – Higher southbound volume
Slide 9: Matson Logistics First Quarter 2022 Performance
9 Preliminary First Quarter 2022 Earnings Supplement Matson Logistics First Quarter 2022 Performance Operating Income $ 0.0 $ 2.0 $ 4.0 $ 6.0 $ 8.0 $ 10.0 $ 12.0 $ 14.0 $ 16.0 $ 18.0 Q1 Q2 Q3 Q4 $ in millions 2021 2022 $16.0 to $17.0 million • Operating income of $16.0 to $17.0 million; YoY change o